For the fourth year in a row, the Indian gin and geneva market recorded growth in sales value, which increased by 7.9% to $341M in 2024. The market value increased at an average annual rate of +2.2% from 2012 to 2024; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Gin and geneva consumption peaked in 2024 and is expected to retain growth in the near future.

The India gin market is expected to grow at above 5.45% CAGR from 2023 to 2028. as gin-related consumer knowledge and education are growing.

In 2024, the combined volume in the 'Gin' segment of the alcoholic drinks market in India was modeled to stand at ************* litres. Between 2018 and 2024, the figure dropped by ************ litres, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the combined volume will steadily decline by ******* litres from 2024 to 2030.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Gin.

The India Gin Market market report offers a thorough competitive analysis, mapping key players’ strategies, market share, and business models. It provides insights into competitor dynamics, helping companies align their strategies with the current market landscape and future trends.

India Gin Market is expected that the demand for gin will be rising at a CAGR of 7.28%. In 2021-22, the average selling price of a bottle of gin was around INR 677.18.

Global gin sales reached approximately USD 24.4 billion at the end of 2025. Forecasts suggest the market will achieve a 3.8% compound annual growth rate (CAGR) and exceed USD 34.5 billion in value by 2035.

Semi-Annual Demand Space Update

Country-wise Insights

Vodka & Gin Market | Vodka market observed a growth of 12.24% during 2016–2021 and the Indian Gin market grew at a CAGR of 9.17%.

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Gin Market Size 2025-2029

The gin market size is forecast to increase by USD 7.88 billion at a CAGR of 7.7% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the expansion of organized retailing. With the increasing number of supermarkets and hypermarkets, consumers have easier access to a wider range of gin brands and varieties. However, this trend also presents challenges, particularly in the area of distribution. One major issue is the complexities involved in supplying gin from supermarkets and hypermarkets, which can result in logistical challenges and increased costs for producers. Another key development in the market is the rising influence of online retailing. As more consumers turn to e-commerce platforms to purchase gin, producers and retailers must adapt to meet this demand.
This includes investing in digital marketing strategies and improving the customer experience on e-commerce sites to attract and retain customers. Despite these challenges, the market offers significant opportunities for growth, particularly for companies that can effectively navigate the complex distribution landscape and capitalize on the growing demand for this popular spirit.

What will be the Size of the Gin Market during the forecast period?

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The market continues to evolve, with dynamics unfolding across various sectors. Gin's rich heritage and vibrant community fuel the ongoing revival of this classic spirit. Super-premium gin brands dominate the landscape, offering consumers a refined experience. Gin flights and tastings provide opportunities for exploration and appreciation. Market share shifts as gin labels adapt to consumer preferences, with sustainability and unique botanical blends gaining traction. The gin & tonic remains a staple cocktail, while new creations like gin and juice emerge. Craft gin distilleries proliferate, contributing to the gin renaissance. Online sales and innovative packaging attract tech-savvy consumers, while gin connoisseurs seek out rare and limited-edition releases.
Juniper berries, the spirit's defining ingredient, remain at the heart of gin production. Gin lifestyle and experience are increasingly important, with gin bars and tourism driving growth. Navy strength gin and other styles cater to diverse tastes, attracting collectors and enthusiasts. Gin culture thrives, with education and marketing efforts expanding its reach. Regulations and retail channels adapt to meet the demands of this dynamic market. London dry gin, plymouth gin, and other traditional styles maintain their legacy, while ultra-premium offerings push the boundaries of innovation. Gin exports and imports shape the global landscape, with festivals and events celebrating the spirit's diverse applications.

How is this Gin Industry segmented?

The gin industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.ProductStandardEconomyPremiumSuper-premiumDistribution ChannelOfflineOnlineAlcohol ContentStandard ABV (37.5-40%)High ABV (>40%)Low ABV (

The size of the Gin Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 5.38% during the forecast period. The Gin Industry involves manufacturing, sending out, and enjoying gin, a distilled alcoholic drink crafted from juniper berries and other plant-based ingredients. The rising demand is fueled by a growing consumer attraction towards high-quality and artisanal gins, alongside the growing popularity of cocktail culture. Diageo and Pernod Ricard are the main players in the market, dominating with wide ranges of products and efficient distribution networks. The market is divided based on type (London Dry, Old Tom, Plymouth, Navy Strength), distribution channel (on-trade, off-trade), and region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa). Even with obstacles like changing raw material costs and rivalry from other alcohol types, the market remains optimistic due to the increasing demand for gin cocktails and new flavor offerings. This path underscores the important impact of gin in the worldwide spirits sector and its possibility for further expansion. Recent developments include: In April 2022, Bombay Sapphire, a brand owned by Bacardi launched a lemon-flavored gin called Citron Presse gin, made with Mediterranean lemons. The company has planned to roll out new products across significant countries including Australia, Germany, Ireland Andorra, Belgium, France, Switzerland, Denmark, Austria, Spain, and Portugal., In March 2022, Diageo India invested Nao Spirits, a producer of high-end Indian handmade gins namely "Greater Than" and "Hapusa." With this investment, Diageo India aims to increase its involvement in India's rapidly expanding premium gin market., In March 2022, William Grant & Sons launched Hendrick's Neptunia Gin. The master distiller Lesley Gracie used a combination of "unmistakably Hendrick's" Scottish coastal botanicals to produce Hendrick's Neptunia., In April 2021, Pernod Ricard S.A. introduced several ready-to-drink (RTD) drinks in the United Kingdom market. Newly launched RTDs utilize Beefeater gin and products include Beefeater London Dry Gin & Tonic, Beefeater Blood Orange & Tonic, and Beefeater Pink Strawberry Gin & Tonic.. Key drivers for this market are: Increasing Demand for Functional and Fortified Food, Multi-functionality and Wide Application of Riboflavin. Potential restraints include: Low Stability of Riboflavin on Exposure to Light and Heat. Notable trends are: Infusion of Gin in Premium Cocktails.

The global agricultural cotton gin market is experiencing steady growth, projected at a CAGR of 2.4% from 2025-2033, driven by rising cotton demand and technological advancements. Discover key market trends, regional analysis, and leading companies shaping this dynamic sector.

UK gin producers face a mixed picture. The waning interest in gin reflects a natural tapering off after the explosive growth of the 2010s, driven by regulatory changes that sparked the “gin renaissance.” This boom, capitalised on by a flood of new distilleries and product innovation, made gin a staple in both bars and homes. But as the initial excitement fades and consumers’ tastes change, producers are grappling with declining consumption volumes that weigh on revenue. The downturn has been compounded by changing drinking habits, with younger consumers drinking less year after year, casting a shadow over industry sales. In response, producers are expanding their range of non-alcoholic gins to cushion the impact, though the industry is still feeling the strain.Gin production revenue is projected to swell at a compound annual rate of 5.5% over the five years through 2025-26 to reach £864 million, buoyed by pent-up demand unleashed after the pandemic. Revenue is anticipated to drop by 1.5% in the current year. As interest in gin wavers, brands are competing to stand out with heightened marketing efforts, including celebrity endorsements and high-profile campaigns. To counter weakening domestic demand, producers are shifting their focus to international markets, capitalising on the rich British history and provenance of gin. Campaigns like Beefeater’s “Spirit of London” effectively harness this heritage to sustain global interest. Rising labour, purchase and marketing costs, driven by renewed inflationary pressures and a soaring National Living Wage, are squeezing industry profitability. The escalating cost base favours larger players with the scale to absorb these increases and the brand loyalty to pass on costs, supporting industry consolidation. Profit is expected to dip to 8.6% in 2025-26.Revenue is forecast to climb at a compound annual rate of 2% to £954 million over the five years through 2030-31. The UK-India Free Trade Agreement, set for implementation in 2026, proposes slashing Indian tariffs from 150% to 75%, opening the door for producers to capitalise on India’s rapidly growing premium gin demand. The industry will be defined by its green push, as producers intensify efforts amid broader net-zero goals and tightening regulations like the Extended Producer Responsibility scheme. As brands compete to defend their market share, the industry will see greater investment in marketing to stand out from the crowd. While this may squeeze short-term margins, it is likely to pay dividends in the long run by engaging more consumers.

Canadean’s "Gin & Genever (Spirits) Market in India – Outlook to 2020: Market Size, Growth and Forecast Analytics" provides data on India Gin & Genever market, providing marketers with the essential tools to understand their own and their competitors’ position in the market. Thus allowing them to use the information to accurately identify the areas where they want to compete in the future. This report brings together Canadean Intelligence's research, modeling and analysis expertise in order to develop uniquely detailed market data. This allows domestic and foreign companies to identify the market dynamics that account for overall Gin & Genever sales and which categories and segments will see growth in the coming years.This is an on-demand research handbook and will be delivered within 2 working days (excluding weekends) of the purchase. Note: Certain content / sections in the research handbook may be removed or altered based on the availability and relevance of data. Read More

The Indian liquor market is valued at approximately $27 billion, driven by increasing disposable incomes, a growing middle class, and a shift in consumer preferences towards premium alcoholic beverages. The market is projected to reach approximately $40 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of 4.75% during the forecast period from 2025 to 2034.

In 2023, overseas purchases of gin and geneva decreased by -16.3% to 2.7M litres for the first time since 2019, thus ending a three-year rising trend.

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Craft Spirits Market Size 2024-2028

The craft spirits market is estimated to increase by USD 50.89 billion and grow at a CAGR of 20.65% between 2023 and 2028. The market is set for substantial expansion, fueled by growing favoritism among millennials and women. With millennials renowned for their adventurous spirit and creativity, craft spirits have gained traction due to their artisanal blends and inventive flavors. This demographic, known for its significant purchasing power, gravitates toward unique and exotic offerings that resonate with their individuality. Craft spirits appeal to their preference for handcrafted products and openness to experimenting with novel tastes, diverging from conventional choices. This trend is especially pronounced in the UK and the US, where smaller-scale brands like Tito's Handmade Vodka are favored over larger corporate manufacturers.

What will be the size of the Market During the Forecast Period?

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Market Segmentation

By Product

The market share growth by the craft whiskey segment will be significant during the forecast period. Demand for craft whiskey is growing as consumers demand more premium products that are made with quality ingredients and taste better than traditional spirits. Market players are developing new products to meet increasing consumer demand, which will drive segment growth during the forecast period.

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The craft whiskey segment was valued at USD 8.95 billion in 2018 and continued to grow by 2022. Demand will remain high during the forecast period due to increasing demand from emerging economies such as India and South Africa. Demand for craft whiskey is growing in India, the US, and other markets, among others. The growing demand leads to investments, mergers, acquisitions or partnerships of major suppliers to open new distilleries in various countries. Thus, the continuous launch of new brands and collaboration between manufacturers will positively influence the market growth during the forecast period.

Key Region

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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America accounted for the largest share of the global market in 2022. The presence of key vendors, the growing demand, the increasing number of breweries, and the rising disposable incomes of people in the region are expected to drive the growth of the market in the region. The US and Canada are the leading countries in the market in North America. The growing number of breweries in the country is boosting the growth of the market in the US. Thus, the rising number of breweries in the region will drive the growth of the market during the forecast period.

Market Dynamics and Customer Landscape

The market is experiencing significant growth, driven by the increasing popularity of craft distilleries and the desire for unique, high-quality liquors. The distillery sector is focusing on using natural ingredients, such as spring water and non-GMO grains, to create spirits with distinct tastes and novelty. The market encompasses various types of liquor, including whiskey, gin, and flavored whiskey. Craft distilleries are emphasizing the lifestyle aspect of their products, with many offering tours and tastings to attract consumers. The online boom has also played a role in the growth of the market, allowing consumers to purchase their favorite brands from the comfort of their own homes. Major producers in the alcohol and tobacco industry are taking notice of the market and are investing in licensed distilleries to capitalize on this trend. Beverage professionals are also incorporating craft spirits into cocktails, further increasing demand. Package designs are also becoming increasingly important in the market, with consumers drawn to unique and eye-catching labels. Off-trade sales are a significant revenue source, but on-trade sales, such as those made in bars and restaurants, are also growing in importance. Whiskey remains a major player in the market, but gin is also gaining popularity due to its versatility and distinct taste. Overall, the market is expected to continue growing as consumers seek out unique and high-quality liquors. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The market is poised for significant growth, driven by the increasing popularity among millennials and women. Millennials, known for their adventurous and c

Global gin and geneva market analysis: consumption reached 793M litres in 2024, with the US, India, and Russia leading. Forecast shows CAGR of +1.4% in volume and +1.8% in value to 2035.

Discover the booming cotton gin equipment market! This comprehensive analysis reveals a $1.5B market in 2025, projected to grow at a 6% CAGR through 2033, driven by increased cotton production and technological advancements in roller gins and saw gins. Explore regional trends, key players like Lummus and Bajaj Steel Industries, and market segmentation insights for informed business decisions.

Discover the booming Asia-Pacific spirits market! Our in-depth analysis reveals a CAGR of 5.49%, driven by rising incomes, changing consumer preferences, and online retail growth. Explore key players, regional trends, and future projections for whiskey, vodka, rum, and more. Recent developments include: In January 2023, Spirits maker Campari announced to launch nine new products across different categories in India, where it sees rising consumption and greater premiumization. The maker of Aperol, Campari, Skyy Vodka, and Wild Turkey in India announced that it would bring its Bisquit & Dubouché cognac, Appleton Aged rum, The Glen Grant 21 Arboralis whisky, agave spirit Montelobos Mezcal, Espolon Tequila, a liqueur Frangelico, and bitter aperitif Cynar to the Indian market., In March 2022, Diageo-controlled United Spirits Ltd (USL) announced that it would acquire a minority 22.5% stake in Nao Spirits for INR 31.5 crore. Nao Spirits is an emerging craft gin company in India, with brands including 'Greater Than' and 'Hapusa.', In March 2022, Bacardi India, the largest international spirits company in the country by volume, announced its foray into the brandy and IMFL (Indian-Made Foreign Liquor) category with the launch of Good Man, the company's first-ever innovation for Indian consumers. Strengthening its brown spirits play, Bacardi India is focused on disrupting the premium brandy segment by offering India's modern-day consumers an unparalleled experience with its latest innovation.. Notable trends are: Increasing Expenditure on Alcoholic Beverages in the Region.

Asia-Pacific's gin and geneva market is forecast to grow to 337M litres by 2035, driven by strong demand in India, Indonesia, and Japan. This analysis covers consumption, production, trade, and key country-level insights.