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The global gin market reached a value of US$ 14.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 19.3 Billion by 2027, exhibiting at a CAGR of 4.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Gin is an alcoholic beverage with dominant botanical flavors of flowers, juniper and fresh and dried fruits. It is a distilled liquor with transparent to pale yellow color manufactured using purified spirits obtained from grain mash. It is also infused with additional ingredients, such as cinnamon, coriander, almond, citrus peel and licorice, to enhance the flavor and texture. Old tom, London dry and Plymouth are some of the commonly available variants of gin. They are widely used in a variety of combinations and mocktails, such as negroni, martini and gin and tonic. Gin is rich in vitamin C and contains antioxidants that aid in minimizing the risks of developing cardiovascular diseases, joint pains and high blood pressure.
The increasing preference for alcoholic beverages among the masses is one of the key factors creating a positive outlook for the market. Consumers, especially millennials, are experimenting with gin and other alcoholic beverages during social gatherings and celebratory events. Moreover, significant growth in the food and beverage industry is providing a thrust to the market growth. Gin is widely used in fine-dine restaurants to cure seafood, especially salmon, and in deserts, such as cakes and pancakes, to provide a unique and authentic experience to the customer. Additionally, the launch of gin in numerous exotic flavors is favoring the market growth. The increasing willingness of consumers to try new products and flavors with fruits, such as strawberries, raspberries and red currants, is also driving the market toward growth. In line with this, the rising demand for premium, mixed beverages and crafted cocktails among the masses is positively impacting the market growth. Other factors, including the increasing number of craft gin distilleries, along with convenient product availability through e-commerce websites, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global gin market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, price point and distribution channel.
Breakup by Type:
Breakup by Price Point:
Breakup by Distribution Channel:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bacardi Limited, Davide Campari-Milano N.V., Diageo plc, Forest Spirits by La Hanoudière, Lucas Bols N.V., Mygin, Pernod Ricard, Radico Khaitan Ltd., Rémy Cointreau, San Miguel Corporation, The East India Company Ltd. and William Grant & Sons Ltd.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Price Point, Distribution Channel, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Bacardi Limited, Davide Campari-Milano N.V., Diageo plc, Forest Spirits by La Hanoudière, Lucas Bols N.V., Mygin, Pernod Ricard, Radico Khaitan Ltd., Rémy Cointreau, San Miguel Corporation, The East India Company Ltd. and William Grant & Sons Ltd.|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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