COVID-19 and the $17+ Billion Gin Industry, 2024: How COVID-19 is Impacting the Market Over the Medium-Term - ResearchAndMarkets.com

DUBLIN--()--The "The Global Gin Market and the Impact of COVID-19 in the Medium Term" report has been added to ResearchAndMarkets.com's offering.

This report presents a strategic analysis of the global gin market and a forecast for its development in the medium term, taking into account the impact of COVID-19 on it. It provides a comprehensive overview of the market volume and value, dynamics, segmentation, characteristics, main players, prices, international trade, trends and insights, growth and demand drivers, challenges, etc.

This is the most detailed (COVID-19 updated) and comprehensive report about the global gin market, covering all global regions and 151 single countries. The report presents information on each indicator for each of the 151 countries covered, offering unmatched value, accuracy and expert insights.

Market Insights

The global gin market was equal to 7.9 billion USD (calculated in retail prices) in 2014. Until 2024, the gin market in the world is forecast to reach 17.36 billion USD (in retail prices), thus increasing at a CAGR of 4.4% per annum for the period 2019-2024. This is a decrease, compared to the growth of about 13.21% per year, registered in 2014-2018.

The average consumption per capita in value terms reached 1.66 USD per capita (in retail prices) in 2014. In the next five years, it grew at a CAGR of 9.21% per annum. In the medium term (by 2024), the indicator is forecast to slow down its growth and increase at a CAGR of 3.67% per annum.

Gin has been one of the fastest growing categories in the global spirits industry over the last few years. Premium and super-premium gins have been especially popular segments, which is why several large companies such as Bacardi, Davide Campari-Milano and Pernod Ricard introduced their exclusive lines of high-end gins. One of the main reasons for the growing popularity of this beverage is its suitability as an ingredient in a wide variety of drinks, as well as the consumers' interest in gin cocktails.

Gin is a constantly expanding category, which is rapidly changing and innovating in terms of products, producing regions and consumers. In fact, due to the growing interest in this category companies such as Amazon have also been attracted to the market. The e-commerce giant launched its first spirits brand across Europe, Tovess Single Batch Crafted Dry Gin. The company is entering the market by offering similar quality product to the market leaders but at a lower price than the traditional supermarkets. In addition, some vodka brands such as Purity Vodka have also entered the market, owing to the pressure of gin in the market.

As with the other spirits, there is an increasing interest in flavored gin variants. Companies such as Puerto de Indias launched exotic flavors such as orange flower, vanilla and jasmine aromas. Furthermore, pink gin is another hot trend, which has started to boom in the market in the past few years. It is normal gin that has been flavoured with fruits such as strawberries, raspberries or red currents. The wide use of classic botanicals including watercress, lavender, and coriander is also a prominent trend on the market. Moreover, most of the bartenders are looking for different ways to use them.

Although sales of gin are booming, alcohol consumption as an overall decreases. Following the global trend towards the consumption of low- and non-alcohol drinks, some of the companies within the market have developed an alcohol-free type of gin that is gaining popularity. Some of the examples include Siegfried Wonderleaf from Rheinland Distillers or Flure from Dutch VOC Spirits.

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Product Description

5. State of the Global Demographics and Economy

5.1. Characteristics of the Global Demographics in 2014-2018

5.2. Characteristics of the Global Economy in 2014-2018

5.3. Forecast for the Development of the Global Economy in the Short Term

6. Overview, Segmentation and Analysis of the Global gin Market

6.1. Volume, Value and Dynamics of the Global gin Market in 2014-2018

6.2. Segmentation of the Global gin Market in 2014-2018 by Main Regions

6.3. Segmentation of the Global gin Market in 2014-2018 by Countries

6.4. Trends and Insights of the Global gin Market

6.5. Profiles of the Main Players on the Global gin Market

6.6. Five Forces Analysis

6.7. Competitive Landscape on the Global gin Market

6.8. Drivers and Challenges That Will Affect the Future Development of the Global gin Market

7. Characteristics and Analysis of the Global Prices of gin in 2014-2018

7.1. Value Chain Analysis

7.2. Structure of Price Formation

7.3. Segmentation of the Average Retail Prices of gin Globally in 2014-2018 by Main Regions

7.4. Segmentation of the Average Retail Prices of gin Globally in 2014-2018 by Countries

8. Global Foreign Trade Operations of gin

8.1. Global Foreign Trade Operations of gin in 2014-2018

9. Overview, Segmentation and Analysis of the Global Imports of gin

9.1. Volume, Value and Dynamics of the Global Imports of gin in 2014-2018

9.2. Segmentation of the Global Imports of gin by Importing Regions in 2014-2018

9.3. Segmentation of the Global Imports of gin by Importing Countries in 2014-2018

9.4. Segmentation of the Average Import Prices of gin by Importing Countries in 2014-2018

10. Overview, Segmentation and Analysis of the Global Exports of gin

10.1. Volume, Value and Dynamics of the Global Exports of gin in 2014-2018

10.2. Segmentation of the Global Exports of gin by Exporting Regions in 2014-2018

10.3. Segmentation of the Global Exports of gin by Exporting Countries in 2014-2018

10.4. Segmentation of the Average Export Prices of gin by Exporting Countries in 2014-2018

11. Characteristics and Segmentation of the Global Consumption of gin per Capita

11.1. Segmentation of the Global gin Consumption per Capita by Main Regions in 2014-2018

11.2. Segmentation of the Global gin Consumption per Capita by Countries in 2014-2018

12. Forecast for the Development of the Global gin Market in 2019-2024

12.1. Forecast for the Development of the Global gin Market in 2019-2024 in Three Possible Scenarios

12.2. Forecast for the Development of the Global gin Market, Broken down by Main Regions in 2019-2024

12.3. Forecast for the Development of the Global gin Market, Broken down by Countries in 2019-2024

Companies Mentioned

  • Alouette Cheese USA LLC
  • Amul
  • Anderson Erickson
  • Arla Foods
  • Associated Milk Producers Inc.
  • Bel Group
  • Blaser's USA, Inc.
  • Boar's Head Provisions Co. Inc.
  • Britannia Industries Limited
  • Cabot Creamery Cooperative, Inc.
  • California Dairies, Inc.
  • Chobani LLC
  • Cream of Creams
  • Dairy Farmers of America
  • Danone S.A.
  • Dean Foods
  • Fonterra Food
  • Franklin Foods
  • Friesland Campina
  • Galbani
  • Gujarat Cooperative Milk Marketing Federation Ltd.
  • Hp Hood
  • Kemps
  • Lactalis Group
  • Meggle AG
  • Mengniu
  • Miller
  • Nestle
  • Organic Valley
  • Parmalat S.p.A.
  • Saputo Inc.
  • Savencia S.A.
  • Sodiaal Group
  • Tatura
  • The Kraft Heinz Company
  • Uelzena Group
  • Yakult
  • Yili
  • Yoplait

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900