Impact of COVID-19
The craft spirits market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to grow in 2021 as compared to 2020.
Frequently Asked Questions:
Based on segmentation by product, which is the leading segment in the market?
Based on the product, the market witnessed maximum growth in the craft gin segment in 2020.
What are the major trends in the market?
Growing disposable incomes of consumers is identified as one of the major trends in the market.
At what rate is the market projected to grow?