Saudi Arabia Craft Spirits Market Size & Outlook
The craft spirits market in Saudi Arabia is expected to reach a projected revenue of US$ 157.8 million by 2030. A compound annual growth rate of 18.7% is expected of Saudi Arabia craft spirits market from 2024 to 2030.
Revenue, 2023 (US$M)
$47.4
Forecast, 2030 (US$M)
$157.8
CAGR, 2024 - 2030
18.7%
Report Coverage
Saudi Arabia
Related Markets
Saudi Arabia craft spirits market highlights
- The Saudi Arabia craft spirits market generated a revenue of USD 47.4 million in 2023 and is expected to reach USD 157.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 18.7% from 2024 to 2030.
- In terms of segment, whiskey was the largest revenue generating product in 2023.
- Gin is the most lucrative product segment registering the fastest growth during the forecast period.
Craft spirits market data book summary
| Market revenue in 2023 | USD 47.4 million |
| Market revenue in 2030 | USD 157.8 million |
| Growth rate | 18.7% (CAGR from 2023 to 2030) |
| Largest segment | Whiskey |
| Fastest growing segment | Gin |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Whiskey, Vodka, Gin, Rum, Brandy, Liquer |
| Key market players worldwide | Diageo PLC, Pernod Ricard SA, Constellation Brands Inc Class A, Suntory Beverage & Food Ltd, Bacardi, Heaven Hill Distilleries, Campari Group, Sazerac Company, Highwood Distillers, Rogue Ales |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.2% of the global craft spirits market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia craft spirits market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 157.8 million by 2030.
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Craft Spirits Market Scope
Craft spirits market segmentation & scope
Craft Spirits Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Rogue Ales | View profile | - | Portland, Oregon, United States, North America | https://www.rogue.com/ |
| Highwood Distillers | View profile | 11-50 | Calgary, Alberta, Canada, North America | https://www.highwood-distillers.com |
| Campari Group | View profile | 1001-5000 | Sesto San Giovanni, Lombardia, Italy, Europe | https://www.camparigroup.com |
| Sazerac Company | View profile | 1001-5000 | Metairie, Louisiana, United States, North America | https://www.sazerac.com/ |
| Heaven Hill Distilleries | View profile | 501-1000 | Bardstown, Kentucky, United States, North America | http://www.heavenhill.com/ |
| Bacardi | View profile | 5001-10000 | Hamilton, Hamilton, Bermuda, North America | https://www.bacardilimited.com/ |
| Constellation Brands Inc Class A | View profile | 10600 | 207 High Point Drive, Building 100, Victor, New York, NY, United States, 14564 | https://www.cbrands.com |
| Diageo PLC | View profile | 30269 | 16 Great Marlborough Street, London, United Kingdom, W1F 7HS | https://www.diageo.com |
| Pernod Ricard SA | View profile | 20617 | 5, Cours Paul Ricard, Paris, France, 75008 | https://www.pernod-ricard.com |
| Suntory Beverage & Food Ltd | View profile | 24641 | 3-1-1 Kyobashi, Tokyo Square Garden, Chuo-ku, Tokyo, Japan, 104-0031 | http://www.suntory.co.jp |
Saudi Arabia craft spirits market size, by product, 2017-2030 (US$M)
Saudi Arabia Craft Spirits Market Outlook Share, 2023 & 2030 (US$M)
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