Authored By: Sarah
02 Sep 2022

Craft Vodka Market Analysis 2022-2026: North America to Dominate Market Growth

The craft vodka market share will post an incremental growth of USD 590.15 million, progressing at a CAGR of 5.02% during the forecast period. The increased demand for flavored vodka will offer immense growth opportunities to market vendors. The craft vodka market is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market. 

Technavio’s report on “Craft Vodka Market by Product and Geography - Forecast and Analysis 2022-2026” provides a detailed market analysis of the prevalent market forces, trends, and challenges that are likely to impact the market in focus. 

Craft Vodka Market Analysis 2022-2026: North America to Dominate Market Growth

What are the leading segments in the Craft Vodka Market? 

The craft vodka market is segmented by Product (Large craft distiller, medium craft distiller, and small craft distiller) and Geography (North America, Europe, APAC, South America, and the Middle East and Africa).

The growth of the craft vodka market in the large craft distiller segment will be significant during the forecast period. In terms of geographic segmentation, factors such as the growing popularity of premium and artisanal handcrafted vodka among consumers will drive the craft vodka market growth in North America over the forecast period. 43% of the market's growth will originate from North America. The US and Canada are the key markets for the craft vodka market size in North America.

What are the factors impacting the growth of the Craft Vodka Market? 

The increased demand for flavored vodka will directly influence the sales of craft vodka. In addition, the impact of social media and blogging sites is one of the major craft vodka market trends that will positively impact the market growth. However, the increasing competition from other alcoholic beverages will hamper the craft vodka market growth. 

What are the key Companies in the Craft Vodka Market? 

Some of the major craft vodka market vendors are Alexandrion Group, Anheuser Busch InBev SA, Arbikie Ltd., Archie Rose Distilling Co., Bedlam Vodka, BrewDog Plc, Charbay Distillery, Clusius Heritage BV, Colonsay Beverages Ltd., Dancing Sands Distillery, Distillery Cooymans International, Eastside Distilling Inc., Fifth Generation Inc., Heaven Hill Brands, Koniks Tail, London Distillers (K) Ltd., MBF Co., Munich Distillers GmbH, Old Youngs, Podlaska Wytwornia Wodek POLMOS SA, Pure Distillery Co. Pty Ltd., Pure Milk Vodka Ltd., Purity Distillery, Qualito Craft Distillery, St. George Spirits, Star Union Spirits LLC, Suntory Holdings Ltd., William Grant and Sons Ltd., and Koval Inc.

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 

Download the Free PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the growth of the market.  

What are the key data covered in the Craft Vodka Market report? 

  • Precise market size estimation during the forecast period 2022-2026. 

  • CAGR of the craft vodka market forecast during 2022-2026. 

  • Market-level data on units, average selling prices, and values of the craft vodka market share. 

  • Prediction on the upcoming trends, drivers, and factors that challenge the growth of the craft vodka market. 

  • Craft vodka industry growth across North America, Europe, APAC, South America, and Middle East and Africa.

Read News Read Less
Interested in this report?
Get your sample now!