Gin Market

By Product Type;

London Dry Gin, Plymouth Gin, Genever & Dutch Gin, Old Tom Gin and New American Gin

By Price;

Standard, Premium and Luxury

By Distribution Channel;

Hypermarkets & Supermarkets, Specialty Stores, Drug Stores, Online Channels and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn602789838 Published Date: September, 2025 Updated Date: November, 2025

Gin Market Overview

Gin Market (USD Million)

Gin Market was valued at USD 16,036.10 million in the year 2024. The size of this market is expected to increase to USD 22,131.75 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.7%.


Gin Market

*Market size in USD million

CAGR 4.7 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.7 %
Market Size (2024)USD 16,036.10 Million
Market Size (2031)USD 22,131.75 Million
Market ConcentrationHigh
Report Pages328
16,036.10
2024
22,131.75
2031

Major Players

  • Asahi Group Holdings Ltd.
  • Bacardi Global Brands Ltd.
  • Berry Bros. & Rudd Ltd.
  • Davide Campari - Milano Spa
  • Diageo Plc
  • Pernod Ricard SA
  • REMY COINTREAU SAS
  • San Miguel Corp.
  • Suntory Holdings Ltd.
  • William Grant & Sons Ltd.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Gin Market

Fragmented - Highly competitive market without dominant players


The Gin Market is experiencing strong growth as consumers increasingly gravitate toward premium spirits and craft beverages. Around 63% of drinkers now prefer gin for its versatility in cocktails, highlighting its role in shaping contemporary bar culture. With emphasis on botanical blends and unique flavors, gin has carved out a distinctive position in the global spirits industry.

Innovation in Product Development
Continuous innovation in distillation and product design drives market expansion. Roughly 52% of producers cite experimentation with exotic botanicals, eco-conscious practices, and creative packaging as key growth levers. Strategic collaborations with the hospitality and entertainment sectors enhance visibility and broaden consumer reach.

Growth Momentum
Rising demand for premium and super-premium gins reflects a consumer shift toward higher quality experiences. Close to 66% of buyers are willing to invest more in unique blends that elevate cocktail experiences. With gin firmly embedded in cocktail culture and nightlife trends, its consumption continues to grow in both casual and upscale settings.

Future Outlook
The future trajectory of the gin industry is anchored in sustainability and consumer lifestyle shifts. Around 60% of distillers are prioritizing environmentally friendly methods such as recyclable materials and energy-efficient production. Emerging demand for low-alcohol and health-focused spirits will further diversify offerings while strengthening gin’s premium market appeal.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Price
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Gin Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing popularity of premium and craft gin
        2. Rising demand for flavored gins
        3. Growing interest in gin-based cocktails
        4. Expanding consumer base in emerging markets
      2. Restraints
        1. Stringent regulations on alcohol production and marketing
        2. High production costs for premium gins
        3. Intense competition from other spirits
      3. Opportunities
        1. Product innovation and diversification (flavored and organic gins)
        2. Expansion into untapped markets (Asia-Pacific, Latin America)
        3. Collaborations with mixologists and bar culture promotions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bragaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Gin Market, By Product Type, 2021 - 2031 (USD Million)
      1. London Dry Gin
      2. Plymouth Gin
      3. Genever & Dutch Gin
      4. Old Tom Gin
      5. New American Gin
    2. Gin Market, By Price, 2021 - 2031 (USD Million)
      1. Standard
      2. Premium
      3. Luxury
    3. Gin Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Hypermarkets & Supermarkets
      2. Specialty Stores
      3. Drug Stores
      4. Online Channels
      5. Others
    4. Coriander Oil Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Market positioning of vendors
      2. Asahi Group Holdings Ltd.
      3. Bacardi Global Brands Ltd.
      4. Berry Bros. & Rudd Ltd.
      5. Davide Campari - Milano Spa
      6. Diageo Plc
      7. Pernod Ricard SA
      8. REMY COINTREAU SAS
      9. San Miguel Corp.
      10. Suntory Holdings Ltd.
      11. William Grant & Sons Ltd.
  7. Analyst Views
  8. Future Outlook of the Market