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Global Craft Spirits Market Keeps Growing     

By November 24, 2017Top News

The global craft spirits market is expected to reach $80.43 billion (USD) by 2025, according to a new report by Grand View Research, Inc. The demand for craft spirits is mainly driven by consumers growing a preference for “premium and authentic drinks with unique tastes.” People born between 1980 and the early 2000s have accounted for the largest share of consumers in the industry, with more disposable income. The Millennial demographic segment has fueled significant demand and continues to be a significant factor in category growth. Whiskey was the most consumed variety of the craft spirits, followed by gin, vodka and rum.

 

 

 

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