France Craft Spirits Market Size & Outlook, 2023-2030
France craft spirits market, 2017-2030 (US$M)
Related Markets
France craft spirits market highlights
- The France craft spirits market generated a revenue of USD 802.4 million in 2023 and is expected to reach USD 3,163.5 million by 2030.
- The France market is expected to grow at a CAGR of 21.6% from 2024 to 2030.
- In terms of segment, whiskey was the largest revenue generating product in 2023.
- Gin is the most lucrative product segment registering the fastest growth during the forecast period.
Craft spirits market data book summary
| Market revenue in 2023 | USD 802.4 million |
| Market revenue in 2030 | USD 3,163.5 million |
| Growth rate | 21.6% (CAGR from 2023 to 2030) |
| Largest segment | Whiskey |
| Fastest growing segment | Gin |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Whiskey, Vodka, Gin, Rum, Brandy, Liquer |
| Key market players worldwide | Diageo PLC, Pernod Ricard SA, Constellation Brands Inc Class A, Suntory Beverage & Food Ltd, Bacardi, Heaven Hill Distilleries, Campari Group, Sazerac Company, Highwood Distillers, Rogue Ales |
Other key industry trends
- In terms of revenue, France accounted for 3.8% of the global craft spirits market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany craft spirits market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 6,526.1 million by 2030.
Whiskey was the largest segment with a revenue share of 44.93% in 2023. Horizon Databook has segmented the France craft spirits market based on whiskey, vodka, gin, rum, brandy, liquer covering the revenue growth of each sub-segment from 2017 to 2030.
According to Cognac Frapin’s communication manager, Thomas Soret, provenance, craft, and quality are very important to French clients. This trend may be seen in both established categories, such as Cognac, and other emergent categories. Consumers are inclined to know about the origin and production of craft spirits and are ready to spend more for premium and luxury spirits. These factors are expected to drive the craft spirit market in France during the forecast period.
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Craft Spirits Market Scope
Craft Spirits Market Companies
| Name | Profile | # Employees | HQ | Website |
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France craft spirits market size, by product, 2017-2030 (US$M)
France Craft Spirits Market Outlook Share, 2023 & 2030 (US$M)
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