UK Craft Spirits Market Size & Outlook, 2023-2030
UK craft spirits market, 2017-2030 (US$M)
Related Markets
UK craft spirits market highlights
- The UK craft spirits market generated a revenue of USD 1,100.9 million in 2023 and is expected to reach USD 4,773.3 million by 2030.
- The UK market is expected to grow at a CAGR of 23.3% 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 1,100.9 million |
| Market revenue in 2030 | USD 4,773.3 million |
| Growth rate | 23.3% (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, UK accounted for 5.2% 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 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 UK 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 an HM Revenue and Customs (HMRC) report published in 2020, the number of distillery enterprises in the U.K. increased by 29% during the COVID-19 pandemic, from 272 in 2019 to 351 in 2020. Craft spirit producers utilized the lockdown to start their businesses, following the success of entrepreneurs who have ventured into the craft spirit market in recent years.
According to an article published by UHY Hacker Young in March 2021, there were only 110 distilleries operating in the U.K. in December 2015. The number had more than tripled in 2021. All these factors are expected to drive U.K. craft spirits during the forecast period 2022 to 2030.
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Craft Spirits Market Scope
Craft Spirits Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK craft spirits market size, by product, 2017-2030 (US$M)
UK Craft Spirits Market Outlook Share, 2023 & 2030 (US$M)
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