Germany Craft Spirits Market Size & Outlook, 2023-2030
Germany craft spirits market, 2017-2030 (US$M)
Related Markets
Germany craft spirits market highlights
- The Germany craft spirits market generated a revenue of USD 1,421.7 million in 2023 and is expected to reach USD 6,526.1 million by 2030.
- The Germany market is expected to grow at a CAGR of 24.3% 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 1,421.7 million |
| Market revenue in 2030 | USD 6,526.1 million |
| Growth rate | 24.3% (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, Germany accounted for 6.7% 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 Germany craft spirits market based on whiskey, vodka, gin, rum, brandy, liquer covering the revenue growth of each sub-segment from 2017 to 2030.
In Germany, craft spirit sales are driven by a big demographic segment of craft spirit customers who regularly visit restaurants and bars. Millennials make up the majority of customers in this industry. A huge portion of the millennial population is made up of employed consumers with strong spending power, who are eager to sample different flavors and cocktails. As a result, this portion of the population is propelling the craft spirits business forward at a rapid pace.
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Craft Spirits Market Scope
Craft Spirits Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany craft spirits market size, by product, 2017-2030 (US$M)
Germany Craft Spirits Market Outlook Share, 2023 & 2030 (US$M)
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