Craft Spirits Market

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Craft Spirits Market has not posted anything yet

Nov

Start date

11-02-23 - 11:00

Nov

End date

11-03-23 - 12:00

Description

A craft distillery has gained high importance in the distillery sector as it makes a fair use of ingredients. It follows the importance of transparency in distilling. People around the world are adopting craft spirits due to the premium quality, taste and novelty of the product. The change in lifestyle globally is escalating the growth of craft spirits market. Global Craft Spirits Market was valued at USD 15.94 billion in 2021 and is expected to reach USD 134.25 billion by 2029, registering a CAGR of 30.52% during the forecast period of 2022-2029. “Whiskey” accounts for the largest product segment in the respective market owing to the formulation of the liquor using exclusive ingredients.