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Craft Vodka Market Key Insights
Craft Vodka Market Analysis by Regions
Craft Vodka Market Analysis by Segments
Craft Vodka Market Size (current and future)
Craft Vodka Market Competitive Benchmarking
2 years ago
Global Craft Vodka Market By Segments, By Geography, Opportunities, Key Players, Trends and Forecast
Craft Vodka Market Size And Forecast
Craft Vodka Market is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2020 to 2027.
The Craft Vodka Market report provides a holistic evaluation of the market for the forecast period. The report compri...
Craft Vodka Market
Craft vodka is something that you either love or despise. It's a contentious product, but that doesn't mean it's not worth looking into. Craft vodka is derived from grains, potatoes, and other natural ingredients. Because it is made with premium ingredients, craft vodka is often more expensive than mass-produced vodka.
Between 2018 and 2031, the craft vodka market is expected to grow at a **% CAGR. This market is driven by rising demand for high-quality vodka beverages and the popularity of yoga and meditation. The craft vodka market is divided into product type, country, and application.
The craft vodka market is rapidly expanding, partly due to the rise of specialty cocktail culture. As a result, many vodka brands are available today that are made using artisanal methods. These brands provide a distinct taste and experience that is difficult to find in traditional vodka brands.
The market is divided into three categories:
- Distilled spirits (distilled vodka, gin, and rum)
- Flavoring vodkas (vanilla, strawberry, and mango)
- Herbal vodkas (ginger, lavender)
It is divided into North America (the United States and Canada), Europe (Germany, France, and Italy), Asia Pacific (China and Japan), and Latin America (Brazil). Cocktails, mixed drinks (vodka added to cocktails or mixed drinks), functional drinks (vodka as an ingredient in available beverages such as energy drinks or tea), and dietary supplements are the three categories.
The rise of unconventional liquor trends, such as flavoring vodkas and cocktail mixes, is helping to drive the global craft vodka market forward. In addition, because of the increased consumer adoption of premium alcohol products in these countries, emerging economies such as China and India are experiencing rapid growth rates in this market. Furthermore, stringent regulations governing beverage production in various regions fuel this market's growth.
Diageo (UK), Pernod Ricard (France), Bacardi (Cuba), and Grey Goose are some of the key players in the craft vodka market (US).
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