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?
Columbus gin maker Watershed helping found national gin association
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A Dedicated US Gin Association Launches Amidst American Ginaissance
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U.S. Gin Association Created To Highlight And Support Craft Distillers In The Category
Durham, N.C. – A new craft spirits organization has been created to progress the affinity and passion for the Gin category in the U.S. amongst distillers, the beverage trade (on- and off-premise stakeholders), and media while celebrating the innovation within this growing category. Spearheaded by Melissa and Lee Katrincic, co-founders and owners of Durham Distillery, distillers of Conniption Gin, and organized by a handful of pioneering craft distilleries, the U.S. Gin Association will share the wonderful new things U.S. gin distillers bring to the market each year through education and other programming.