The gin market size in Italy has shown significant growth over the past decade, rising from 22.844 million euros in 2012 to 61.879 million euros in 2022. Notably, the market experienced a substantial year-on-year increase from 2015 to 2017, with the most significant growth of 39.04% occurring in 2016. The compounded annual growth rate (CAGR) over the last five years (2017-2022) is 6.17%. The last two years have seen moderate year-on-year increases, with 2021 growing by 3.94% and 2022 by 4.06%. As of 2023, estimates suggest that these trends are continuing, positioning the sector for steady growth.
Future trends to watch for include evolving consumer preferences toward premium and craft gins, sustainability-driven purchasing decisions, and the potential impact of economic fluctuations on disposable incomes. Additionally, innovative marketing strategies and the rising popularity of gin-based cocktails in Italy may further stimulate market growth. Monitoring these factors can provide strategic insights for stakeholders aiming to capitalize on the expanding gin market in Italy.
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 64,351,000 | 2023 | +3.8% | +4.23% | |
| 2 | 2 Slovakia | 28,435,000 | 2023 | +2.55% | +4.65% | View data |
| 3 | 3 Sweden | 18,748,000 | 2023 | +3.35% | +7.14% | View data |
| 4 | 4 Estonia | 8,080,700 | 2023 | +5.74% | +11.48% | View data |
| 5 | 5 Bulgaria | 5,998,500 | 2023 | +1.46% | +1.21% | View data |
