The craft vodka market is expected to register a CAGR of 6% during 2023 – 2031. The craft vodka market is growing due to rising demand for premium and craft products.
Key driver fuelling the craft vodka market growth includes, renewed interest in historical and artisanal spirits, growth in craft cocktails and mixology, craft vodka-focused bars and tourism experiences, increased exposure and interest of people from different ethnicities, emerging trends towards natural and herbal products. People are becoming more discerning about what they drink, eager to sample interesting flavours and unusual ingredients, and craft vodka, typically made in small batches and to high standards, aspires to offer them the sense of provenance and uniqueness lacking in mainstream brands.
As per the Distilled Spirits Council of The United States report published in Feb-2024, the US spirits exports totalled 42.2 billion in 2023 an increase by 8% compared to last year and for American Spirits the records showed exports being totalled to US$ 1.4 billion an increase of 9% from 2022. Therefore, the growing preference for artisanal spirits are ramping up the global craft vodka market.
The market holds considerable opportunities such as, increasing demand for flavored craft vodka, owing to the rising consumer preference for cocktails and innovative flavors. This market is dominated by numerous product innovations, such as flavored vodkas, which facilitates expansion of its consumer base; with health-conscious drinkers as well as taste-diversified consumer segments. Besides, the sector is benefiting from expansion and improvement of product portfolios in this relatively new segment of the market. Constant development and launch of new flavors and formulations can effectively sustain consumer demands and can effectively gel into experimentation, thus, aiding in market growth. The increasing demand for innovative products from consumers offers the opportunity for manufacturers to launch craft vodka.
Key segments that contributed to the derivation of the craft vodka market analysis are category, and distribution channel.
The regional trends and factors influencing the Craft Vodka Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Craft Vodka Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ XX million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2025 - 2031) | 6% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Category
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Craft Vodka Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Craft Vodka Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The craft vodka market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the craft vodka market are listed below:
The “Craft Vodka Market Size and Forecast (2021 – 2031)” provides a detailed analysis of the market covering below areas:
The List of Companies
1. Bainbridge Organic Distillers
2. Beam Suntory Inc.
3. Candella micro-distillery
4. Charbay Distillery
5. Long Road Distillers
6. Sazerac Company
7. St. George Spirits
8. Tom's Town Distilling Co.
9. William Grants and Sons Limited
10. Woody Creek Distillers
The global craft vodka market is estimated to grow at a CAGR of 6% during the forecast period 2024-2031.
Increasing alcohol consumption and growing demand for artisanal craft spirits are driving factors impacting the craft vodka market.
Rising influence of social media and market strategies is anticipated to play a significant role in the craft vodka market in the coming years.
Tito’s Handmade Vodka, St. George Spirits, Prairie Organic Spirits, Chase Distillery, Deep Eddy Vodka, Cathead Distillery, New Amsterdam Vodka, and Koval Distillery among others are the leading players operating in the craft vodka market.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.