Saudi Arabia Craft Spirits Market Size & Outlook

The craft spirits market in Saudi Arabia is expected to reach a projected revenue of US$ 157.8 million by 2030. A compound annual growth rate of 18.7% is expected of Saudi Arabia craft spirits market from 2024 to 2030.
Revenue, 2023 (US$M)
$47.4
Forecast, 2030 (US$M)
$157.8
CAGR, 2024 - 2030
18.7%
Report Coverage
Saudi Arabia

Saudi Arabia craft spirits market highlights

  • The Saudi Arabia craft spirits market generated a revenue of USD 47.4 million in 2023 and is expected to reach USD 157.8 million by 2030.
  • The Saudi Arabia market is expected to grow at a CAGR of 18.7% 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 2023USD 47.4 million
Market revenue in 2030USD 157.8 million
Growth rate18.7% (CAGR from 2023 to 2030)
Largest segmentWhiskey
Fastest growing segmentGin
Historical data2017 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationWhiskey, Vodka, Gin, Rum, Brandy, Liquer
Key market players worldwideDiageo 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, Saudi Arabia accounted for 0.2% 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 Middle East & Africa, Saudi Arabia craft spirits market is projected to lead the regional market in terms of revenue in 2030.
  • Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 157.8 million by 2030.

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Craft Spirits Market Companies

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Saudi Arabia craft spirits market size, by product, 2017-2030 (US$M)

Saudi Arabia Craft Spirits Market Outlook Share, 2023 & 2030 (US$M)

Saudi Arabia craft spirits market size, by product, 2017-2030 (US$M)

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