As per the research conducted by Future Market Insights, during the forecast period, the global spirits miniatures market is set to gain a valuation of US$ 444.8 million in 2023 and is going to further expand at a CAGR of 4.7% to get the valuation of US$ 704.1 million by the year 2033. The sales of spirits miniatures are anticipated to reach the top 5 companies projected to hold approximately 20-25% of the market by the end of 2023.
Glass is a popular material for packaging spirits. Strong retail demand for miniature bottles of spirits has encouraged many independent bottle designers for spirit packaging. FMI team also predict that in 2023, the USA spirits miniatures market is forecast to leverage by 4.9% year
| Attribute | Details |
|---|---|
| Market Size 2023 | US$ 444.8 million |
| Market Size 2033 | US$ 704.1 million |
| Value CAGR (2023 to 2033) | 4.7% |
| Collective Value Share: Top 5 Countries (2023E) | 20-25% |
The global spirits miniatures market will witness outstanding growth and demand over the coming decade. The use of alcoholic beverages has become a resilient trend across the globe.
The spirits miniatures market is expected to experience a lucrative growth outlook during the forecast period. A new estimation predicts that global spirits miniatures sales will rise from 2023 to 2033 and are projected to generate an attractive incremental growth opportunity of US$ 279 million.
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The spirits miniatures market has anticipated a CAGR of 4.1% during the historic period with a market value of US$ 424.8 million in 2022 from US$ 347.5 million in 2017.
Miniature spirits experienced a resurgence in popularity, especially with the rise of micro-distilleries and the craft spirits movement. Miniature bottles provided a way for these small-batch producers to showcase their products and reach a wider audience, while also appealing to consumers who wanted to try new and unique spirits without committing to a full-sized bottle.
Miniatures are often more affordable than full-sized bottles, making it easier for people to try a variety of different types of spirits. They are a more environmentally friendly option than full-sized bottles, as they use less packaging and are more easily recyclable.
Moreover, it is a great option for people who only drink alcohol occasionally, as they reduce the risk of spoilage. This is because a miniature bottle can be opened and consumed within a few days, reducing the need to discard spoiled alcohol.
As people become more knowledgeable about and interested in the quality and taste of different types of alcohol, there has been a growing demand for premium spirits. Miniatures provide an opportunity for people to sample high-end spirits without committing to a full-size bottle.
The small size of spirits miniatures makes them a convenient option for people who want to enjoy their favourite alcohol on the go, in small portions, or as samples before committing to a full-size bottle. Also, miniatures are often more affordable than full-sized bottles, making it easier for people to try a variety of different types of spirits.
Spirits miniatures are considered a popular gift option, especially for special occasions such as weddings, birthdays, and holidays. With the increase in travel, miniatures are becoming more popular as a way for people to bring their favourite spirits with them when they travel.
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The USA spirits industry gained significant market share due to strong consumer demand for premium spirits. The Distilled Spirits Council of the United States (DISCUS) highlighted the factors primarily responsible for the continued rise in spirits revenues in its annual review and report on the state of the USA spirit industry.
Miniatures provide a convenient way for consumers to sample different spirits without committing to a full-sized bottle. As people become more interested in trying a variety of spirits, they may be more likely to purchase miniatures to experiment with new brands or flavours. Additionally, miniatures can be popular gift items or travel accessories, which can also contribute to their increased demand.
The glass material segment is considered very popular among manufacturers due to its unique shine and transparency which makes it an ideal medium for creating miniature sculptures and figurines. The way light plays with glass, giving it depth and luminosity which increases the attractiveness of spirits and that supports the sales of spirits globally.
| Country | USA |
|---|---|
| Market Share (2023) | 27.3% |
| Market Share (2033) | 25.7% |
| BPS Analysis | -160 |
| Country | China |
|---|---|
| Market Share (2023) | 8.2% |
| Market Share (2033) | 11.0% |
| BPS Analysis | +280 |
| Country | Germany |
|---|---|
| Market Share (2023) | 6.7% |
| Market Share (2033) | 5.2% |
| BPS Analysis | -150 |
| Country | Canada |
|---|---|
| Market Share (2023) | 4.5% |
| Market Share (2033) | 5.3% |
| BPS Analysis | +80 |
| Country | India |
|---|---|
| Market Share (2023) | 4.1% |
| Market Share (2033) | 6.1% |
| BPS Analysis | +200 |
United states is forecasted to be the biggest market for spirits, according to Future Market Insights. The USA is expected to hold more than 80% of the share in the North American spirits miniatures market till 2033.
According to Distilled Spirits Council In 2021, spirits gained a market share of the total USA beverage alcohol market with sales rising 1.7 share points to 41.3%. This represents the 12th straight year of market share gains for spirits overall. The cocktail culture revival and the growing popularity of ready-to-drink cocktails have played a significant role in the growth of the spirits industry.
Additionally, the strong growth of the tequila and American whiskey segments has also contributed to the rise of spirit-makers. The Distilled Spirits Council of the United States has recognized these factors as driving forces behind the growth of the spirits industry which influenced the demand for miniatures as a packaging solution for spirits. Which makes them a convenient option for people who want to enjoy their favourite alcohol on the go, in small portions, or as samples before committing to a full-size bottle.
The United Kingdom is the world's largest spirits exporter, with whisky being the most important category. The United Kingdom is internationally renowned for producing spirits in a variety of categories, as well as for innovation and quality. According to the Government of the United Kingdom, United Kingdom exports of beverages which include the world-renowned British gin and scotch, whisky reached a high of US$ 8.9 million in the year 2019. Non-EU countries were the top destination for British beverages, accounting for 63.4% of all exports. The United Kingdom is estimated to hold a market share of more than 20% of the spirits miniatures market by the end of the year 2033.
The rise in popularity of home bartending and cocktail-making has increased the demand for miniatures, as they provide a convenient and cost-effective way to experiment with new flavours and recipes. Which laid massive demand for convenient packaging solutions for spirits like whiskey, vodka, wine, rum, etc. Miniatures are commonly made up of glass which i completely recyclable with a completely environmentally friendly nature and provide transparent and rich looks to the spirits which helps companies to leverage their brand value and sales of spirits.
Miniatures are a convenient way for consumers to sample different spirits and they can be easily packed and taken on the go. Drinking at home and looking for smaller, more affordable options miniatures provide a cost-effective way to enjoy a variety of spirits without having to purchase full-sized bottles these factors influenced the growth of spirits miniatures as a trendy packaging solution.
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The glass segment is the leading category, accelerating at a CAGR of 3.6% from 2023 to 2033 It will be the most preferred material for manufacturing a wide range of spirits miniatures, accounting for nearly 55% of revenue generated by the end of 2033.
According to spiritsEurope, Glass is used to pack more than 90% of spirits for good reason Glass is 100% recyclable and can be used again and again, making it an environmentally friendly option for packaging. The carbon footprint is determined by more than just the energy used to make the bottle. Transportation is another important consideration, and both light weighting and local sourcing can have a significant impact.
Glass provides excellent barrier protection, ensuring that the contents of the miniature remain fresh and maintain their flavour and aroma. Glass can be moulded into various shapes and sizes, making it a versatile option for packaging miniatures. It also has transparent material, allowing consumers to see the contents of the miniature and check for quality and consistency. Usage of glass material type will expand by 1.4 times by 2033 and is forecasted to reach US$ 344.8 million.
Whiskey sales are likely to account for 34% of the demand in the global alcohol beverages market, valued at US$ 144 million in 2022. People have become more interested in premium whiskey and are willing to pay a premium for high-quality products. This has led to an increase in the popularity of whiskey. Also, Whiskey has been featured in popular culture and media, including movies and television shows, which has helped to increase its popularity. An increase in spirit tourism, particularly in western countries, encourages travellers from other countries to indulge in and develop a taste for local beverages, such as whiskeys which increased its popularity.
Companies operating in the spirits miniatures market are aiming at expansions and strategic partnerships with other manufacturers, showing a growing demand for glass material in future which is considered the most preferable material.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.7% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2017 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million, Volume in ml and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Material, Capacity, End Use |
| Regions Covered | North America; Latin America; East Asia; South Asia & Pacific; Western Europe; Eastern Europe; Central Asia; Russia & Belarus; Balkan Countries; Baltic Countries; Middle East & Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia & New Zealand, South Africa |
| Key Companies Profiled | Stoelzle Glass Group; Croxsons; Graham Packaging Company Inc.; Saver Glass; Verallia; PGP Glassworks; Hillebrandt Glas; Vetropack; Blue Glass; Nova-Pack; Vetro-Elite; Zignago Vetro; Vetreia Etrusca; VD Glass; Vetro Plastica Laziale; Bell Glass; Beatson Cleark; Owens-lllinoise; Bottle Company South; Roetell; Ardagh Group; Glassworks International; Jar Bottles Direct; Dekor Glass |
| Customization & Pricing | Available upon Request |
In 2022, the value of market size of the global spirit miniatures market was US$ 424.8 million.
The global spirit miniatures market is anticipated to reach at a US$ 444.8 million in 2023.
The global spirit miniatures market valuation is expected to reach at a US$ 704.1 million in 2033.
The global spirit miniatures market exhibited 4.1% of CAGR over the last 4 years.
The projected CAGR for the global spirits miniatures market from 2023 to 2033 is 4.7%.
The glass segment of global sprits miniatures market is expected to garner significant value share by 2023.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Material 6.2. Capacity 6.3. End Use 7. Global Market Analysis and Forecast, By Material 7.1. Glass 7.2. Plastic 8. Global Market Analysis and Forecast, By Capacity 8.1. 0-50 ml 8.2. 0-90 ml 8.3. 0-120 ml 8.4. 0-150 ml 9. Global Market Analysis and Forecast, By End Use 9.1. Whiskey 9.2. Vodka 9.3. Liqueur 9.4. Rum 9.5. Brandy 9.6. Gin 9.7. Other Spirits 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. East Asia 10.4. South Asia & Pacific 10.5. Western Europe 10.6. Eastern Europe 10.7. Central Asia 10.8. Russia & Belarus 10.9. Balkan Countries 10.10. Baltic Countries 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. East Asia Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 15. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 16. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 17. Central Asia Sales Analysis and Forecast, by Key Segments and Countries 18. Russia & Belarus Sales Analysis and Forecast, by Key Segments and Countries 19. Balkan Countries Sales Analysis and Forecast, by Key Segments and Countries 20. Baltic Countries Sales Analysis and Forecast, by Key Segments and Countries 21. Sales Forecast by Material, Capacity, and End Use for 30 Countries 22. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 23. Company Profile 23.1. Stoelzle Glass Group 23.2. Croxsons 23.3. Graham Packaging Company Inc. 23.4. Saver Glass 23.5. Verallia 23.6. PGP Glassworks 23.7. Hillebrandt Glas 23.8. Vetropack 23.9. Blue Glass 23.10. Nova-Pack 23.11. Vetro-Elite 23.12. Zignago Vetro 23.13. Vetreia Etrusca 23.14. VD Glass 23.15. Vetro Plastica Laziale 23.16. Bell Glass 23.17. Beatson Clark 23.18. Owens-Illinois 23.19. Bottle Company South 23.20. Roetell
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Sprits Miniatures Market
