Market Overview: 

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.

Gin Market Trends:

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.

Key Market Segmentation:

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:

• London Dry Gin
• Old Tom Gin
• Plymouth Gin
• Others
   

Breakup by Price Point:

• Standard
• Premium
• Luxury
   

Breakup by Distribution Channel:

• On-trade
• Off-trade
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

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.

Report Coverage:

Key Questions Answered in This Report:

• How has the global gin market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global gin market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the price point?
• What is the breakup of the market based on the distribution channel?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global gin market and who are the key players?
• What is the degree of competition in the industry?