The Gin market size in Estonia has shown significant growth from 2013 to 2023, reaching a value of 8.0807 million Euros in 2023. The market experienced volatility, with a remarkable peak of 44.98% growth in 2019 and a decline in 2017 and 2020. Over the last two years, the market has grown by 5.74%, while the CAGR over the past five years stands at 11.48%, indicating robust long-term growth.
Future trends to watch for include:
- Increased demand for premium and craft gin varieties.
- Growth driven by expanding consumer interest in gin-based cocktails.
- Potential market saturation risks and changing consumer preferences towards other spirits.
How does Estonia rank in Gin Market Size Value?
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 64,351,000 | 2023 | +3.8% | +4.23% | View data |
| 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% | |
| 5 | 5 Bulgaria | 5,998,500 | 2023 | +1.46% | +1.21% | View data |
