Gin Market Size

Gin Market size was valued at USD 18.48 billion in 2024 and is set to exceed USD 46 billion by the end of 2037, registering over 7.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of gin is estimated at USD 19.56 billion.

The growth of the market is primarily attributed to the escalating urban population, along with the existence of distilleries in a large number across the globe. For instance, the global urban population reached around 4 billion in 2018 which was an increase from about 700 million in 1950.

Gin is known as a distilled alcoholic drink that is made out of juniper berries. It also offers a predominant juniper flavor and herbal note since around 8 herbs are utilized to produce gin. Global gin market trends such as rising consumption of gin, along with the developing bar and cocktail culture are anticipated to drive the growth of the market over the forecast period. For instance, the per person volume in the gin segment was projected to be about 0.08 liters. Furthermore, in the alcohol industry, the gin segment was valued at approximately USD 10 billion in 2022. Therefore, such factors are anticipated to foster the growth of the market over the forecast period.