
The “Global Gin Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” report from researchandmarkets.com forecasted a significant growth trajectory for the global gin market, with expectations to expand from $15.3 billion in 2022 to an estimated $20.2 billion by 2028. This reflects a compound annual growth rate of 4.74% during the forecast period of 2022-2028. The increasing appetite for high-quality, premium cocktails alongside a burgeoning interest in ready-to-drink and luxury spirits is propelling the market forward. An analysis of market segments indicates a strong preference for premium gin products, while the on-trade sector dominates the market distribution channels. From a regional perspective, Europe is currently the largest market for gin.