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Report Overview
The global gin market reached around USD 14.35 Billion in 2024. The market is projected to grow at a CAGR of 4.00% between 2025 and 2034 to reach USD 21.24 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
-
The United Kingdom is the largest gin exporter globally.
-
In 2021, off-trade consumption of gin in the USA reached $2.9 billion.
-
Spain is one of the largest consumers of gin worldwide.
Compound Annual Growth Rate
Value in USD Billion
4%
2025-2034
Gin Market Outlook
*this image is indicative*
| Global Gin Market Report Summary | Description | Value |
| Base Year | USD Billion | 2024 |
| Historical Period | USD Billion | 2018-2024 |
| Forecast Period | USD Billion | 2025-2034 |
| Market Size 2024 | USD Billion | 14.35 |
| Market Size 2034 | USD Billion | 21.24 |
| CAGR 2018-2024 | Percentage | XX% |
| CAGR 2025-2034 | Percentage | 4.00% |
| CAGR 2025-2034 - Market by Region | Europe | 4.6% |
| CAGR 2025-2034 - Market by Country | UK | 5.1% |
| CAGR 2025-2034 - Market by Country | Italy | 4.7% |
| CAGR 2025-2034 - Market by Type | London Dry Gin | 4.4% |
| CAGR 2025-2034 - Market by Distribution Channel | On-Trade | 4.8% |
| Market Share by Country 2024 | USA | XX% |
Global Gin Market Growth
| CAGR 2025-2034 - Market by | Country |
| UK | 5.1% |
| Italy | 4.7% |
| Brazil | 4.7% |
| Germany | 4.5% |
| Mexico | 4.0% |
| France | 3.8% |
| USA | XX% |
| Canada | XX% |
| China | XX% |
| Japan | XX% |
| India | XX% |
| Australia | XX% |
| Saudi Arabia | XX% |
After whiskey, gin is the most widely consumed alcoholic beverage in Spain. In 2019, the number of restaurants in the country recorded a year-on-year growth of 7%, reaching 9,370. Handcrafted and flavoured gins are expected to become popular over the forecast period, due to their unique flavour profiles, good quality perception, and great brand story.
In 2023, gin distillers generated over $1 billion in sales, by selling over 8 million 9-litre bottles in the United States of America. The sale of super-premium gins surged by 16% in 2023 to cross the threshold of 700,000 9-litre bottles in the country.
As the consumption of high-quality cocktails increases, the demand for good-quality gins is expected to soar. London Dry Gin and Old Tim Jin enjoy high appeal among the British population. MoTropical and exotic flavours are expected to witness an increase in sales. Celebrity gin brands are expected to become commonplace in households globally.
Matcha, lemongrass, cherry blossoms, yuzu, and other flavours inspired by Asian botanicals are expected to become popular among gin manufacturers for their refreshing taste. Low-alcohol gins are expected to appeal to the consumers of non-alcoholic beverages, thereby contributing to the market growth.
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Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Global Gin Industry Segmentation
Global Gin Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- London Dry Gin
- Old Tim Gin
- Plymouth Gin
- Others
Market Breakup by Distribution Channel
- On-Trade
- Off-Trade
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
| CAGR 2025-2034 - Market by | Type |
| London Dry Gin | 4.4% |
| Old Tom Gin | XX% |
| Plymouth Gin | XX% |
| Others | XX% |
| CAGR 2025-2034 - Market by | Distribution Channel |
| On-Trade | 4.8% |
| Off-Trade | XX% |
| CAGR 2025-2034 - Market by | Region |
| Europe | 4.6% |
| Latin America | 4.1% |
| North America | XX% |
| Asia Pacific | XX% |
| Middle East and Africa | XX% |
Global Gin Market Share
Based on region, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period, Europe is projected to emerge as one of the leading regions for gin consumption and grow at a CAGR of 4.6% between 2025 and 2034. This is being driven by rising alcohol consumption in the region and the introduction of innovative flavours of gin.
Leading Companies in the Global Gin Market
Major gin manufacturers are developing sustainable methods to minimise carbon emissions and enhance their brand image.
- Diageo Plc
- Bacardi Ltd.
- Pernod Ricard S.A.
- Suntory Holdings Limited
- William Grant & Sons Limited
- Anheuser-Busch Inbev SA
- Davide Campari-Milano N.V.
- Radico Khaitan Ltd.
- San Miguel Corporation
- Remy Cointreau S.A.
- Others
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached nearly USD 14.35 Billion in 2024.
The market is projected to grow at a CAGR of 4.00% between 2025 and 2034.
The market is assessed to witness healthy growth in the forecast period to reach around USD 21.24 Billion in 2034.
The different types of gin in the market are London Dry Gin, Old Tim Gin, and Plymouth Gin, among others.
The different distribution channels in the market are on-trade and off-trade.
The different regions covered in the market report are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key market players are Diageo Plc, Bacardi Ltd., Pernod Ricard S.A., Suntory Holdings Limited, William Grant & Sons Limited, Anheuser-Busch Inbev SA, Davide Campari-Milano N.V., Radico Khaitan Ltd., San Miguel Corporation, and Remy Cointreau S.A., among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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