Market Estimation & Definition

In 2024, the Gin Industry stood at approximately USD 17.5 billion, with revenue projected to grow at a 5.2% CAGR through 2032 to reach USD 26.3 billion. Gin is a distilled spirit with its flavor primarily derived from juniper berries, and it is typically produced through botanical redistillation or infused into neutral grain spirits. The market includes several styles such as London Dry, Old Tom, Plymouth, as well as flavored and artisanal variants.

Ask for Sample to Know US Tariff Impacts on Gin Industry @ https://www.maximizemarketresearch.com/request-sample/125491/

Market Growth Drivers & Opportunity
Several forces are driving gin’s global expansion:

Premiumization & Craft Focus: Consumers are seeking high‑quality, artisanal spirits, fueling demand for complex botanical gin varieties.

Cocktail Culture Revival: Urban mixology and classic cocktails like gin & tonic are gaining popularity again, boosting overall consumption.

Flavored & Low‑/No‑Alcohol Innovations: Health-conscious drinkers are embracing novel flavor profiles and lower-ABV or alcohol-free gin options.

E‑commerce Expansion: Online sales and subscription models are helping brands reach specialty audiences and build direct-to-consumer relationships.

These trends open doors for botanical innovation, ready-to-drink (RTD) formats, sustainable production practices, and localized pivots in fast-growing regions.

Explore the full report for an in-depth analysis: https://www.maximizemarketresearch.com/market-report/gin-market/125491/

Segmentation Analysis
The gin market is segmented across several dimensions:

By Type: London Dry, Old Tom, Plymouth, flavored, and compound gins

By Product Style: Plain vs. flavored

By Price Tier: Standard, Premium, Luxury

By Distribution Channel: Supermarkets, Hypermarkets, Specialty Stores, Online, On‑trade (bars & restaurants), Off‑trade

By Region: North America, Europe, Asia-Pacific, Middle East & Africa, South America

Regional Insights:
The Asia Pacific region is expected to grow at the end of the forecast period. The market is expected to develop at the fastest CAGR due to rising purchasing power and the substantial growth of the millennial population in emerging countries such as China, India, Malaysia, Thailand, and Indonesia. The enormous potential in these countries' undeveloped markets will almost certainly generate profitable possibilities in this region. Increasing demand for alcoholic beverages in emerging countries due to their large population, increased use of alcohol by the young generation, and rising disposable income encourage market growth in this region.

North American Region is expected to dominate the global gin market at the end of the forecast period followed by the Asia Pacific region. The region's increasing millennial population is expected to drive the gin market. Furthermore, changing lifestyles, disposable income, and urbanization in this area are driving factors in the gin industry. The number of manufacturers in the United States has expanded rapidly as a result of secure approval processes implemented by regulatory agencies.

Competitor Analysis
A Porter’s Five Forces framework highlights key market dynamics:

1. Diageo plc
2. William Grant & Sons Limited
3. Bacardi Limited
4. Pernod Ricard S.A.
5. San Miguel Corporation
6. Southwestern Distillery
7. Davide Campari-Milano N.V.
8. Remy Cointreau
9. Lucas Bols
10. Forest Spirits’ Gin.
11. The East India Company Ltd
12. Ginebra San Miguel Inc.
13. The Poshmakers Ltd
14. West End Drinks Ltd
15. Boudier Gabriel Ets SA
16. Suntory Holdings Limited
17. The Sustainable Spirit Co. (U.K.)
18. The Black Bottle Distillery
19. Langtons Gin Ltd

Press Release

The gin market is on a strong upward trajectory, forecast to climb from USD 17.5 billion in 2024 to USD 26.3 billion by 2032, reflecting a 5.2% CAGR. Fueled by premiumization, botanical creativity, a revival in cocktail culture, and sustainable practices, the sector is ripe for innovation. Brands that invest in rich flavor profiles, health-conscious alternatives, eco-friendly production, and digitally-driven experiences will lead the charge. With on-trade resurgences and e-commerce gains, opportunities are flourishing in established markets like the USA and Germany as well as emerging economies. Gin companies emphasizing craft, provenance, and environmental responsibility are well-positioned to thrive in this dynamic and competitive market environment.

About Us

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

Contact Maximize Market Research

MAXIMIZE MARKET RESEARCH PVT. LTD.
2nd Floor, Navale IT park Phase 3,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
[email protected]