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
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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Historic Market Outlook for Spirits Miniatures Market
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.
What are the crucial factors which are leveraging demand for spirits miniatures?
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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How the Increasing Demand of Expensive Spirits is Elevating the Need for spirits miniatures?
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-wise Insights
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
Why is the USA Considered as Highly Lucrative Market for Spirits Miniatures?
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.
How United Kingdom’s Dominating Spirits Market is boosting the sales of Spirits Miniatures?
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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Comparative View of Adjacent Spirits Miniatures Market
Spirits Miniatures Market:
Attributes
Spirits Miniatures Market
CAGR (2023 to 2033)
4.7%
Market Value (2023)
US$ 444.8 million
Growth Factor
small size and portable nature of miniatures make them a convenient option for people who want to try different types of spirits without committing to a full-sized bottle.
Key Trend
Growing focus on sustainability in the spirits miniatures industry, with many companies working to reduce their carbon footprint and use environmentally-friendly packaging.
Beverages Packaging Market:
Attributes
Beverages Packaging Market
CAGR (2023 to 2033)
4.1%
Market Value (2023)
US$ 109.9 million
Growth Factor
Growing focus on sustainability in recent years, and this trend is reflected in the beverage packaging market, with consumers increasingly demanding eco-friendly packaging options
Key Trend
The growth of e-commerce has made it easier for consumers to purchase beverages online, and this trend is expected to continue, which will drive further growth in the beverages packaging market.
Alcohol Packaging Market:
Attributes
Alcohol Packaging Market
CAGR (2023 to 2033)
3.9%
Market Value (2023)
US$ 49.06 million
Growth Factor
The demand for alcohol packaging has increased as a result of the improving level of living and an increase in the consumption of expensive wine and beer
Key Trend
Increasing demand for premium and specialty alcohol products, such as craft beers, premium spirits, and high-end wines. This has led to a growing demand for high-quality, attractive, and functional alcohol packaging.
Category-wise Insights
Why is Glass Most Preferred Material in the Spirits Miniatures Market?
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.
Which is the Leading End Use in the Spirits Miniatures Market?
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.
Competitive Landscape
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.
In November 2022, Verallia acquired Allied Glass in the United Kingdom. This acquisition will enable Verallia to benefit from Allied’s expertise in premium glass bottles, specifically in the Scotch Whisky and Gin sectors, and from its established position on the United Kingdom market.
In October 2021, Glassworks Internationals State United Nations has revealed that 2022 is set to be the International Year of Glass, which will celebrate the essential role glass has and will continue to have in society for years and generations to come.
In October 2022, Zignago Vetro S.p.a. has finalized the acquisition of the entire share capital of Italian Glass Moulds S.r.l. (IGM) specializing in the production and sale of molds for the glass industry.
Scope of Report
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
Spirits Miniatures by Category
By Material, Spirits Miniatures Market is Segmented as:
Glass
Plastic
By Capacity, Spirit Miniatures Market is segmented as:
0-50 ml
0-90 ml
0-120 ml
0-150 ml
By End Use, Spirit Miniatures Market is segmented as:
Whiskey
Vodka
Liqueur
Rum
Brandy
Gin
Other Spirits
By Region, Spirit Miniatures Market is Segmented as:
North America
Latin America
East Asia
South Asia & Pacific
Western Europe
Eastern Europe
Central Asia
Russia & Belarus
Balkan Countries
Baltic Countries
Middle East & Africa
Frequently Asked Questions
What was the global spirit miniatures market size reported by FMI for 2022?
In 2022, the value of market size of the global spirit miniatures market was US$ 424.8 million.
What is the global spirit miniatures market estimated to reach in 2023?
The global spirit miniatures market is anticipated to reach at a US$ 444.8 million in 2023.
What is the global spirit miniatures market valuation expected for 2033?
The global spirit miniatures market valuation is expected to reach at a US$ 704.1 million in 2033.
What value CAGR did the global spirit miniature market exhibit over the last 4 years?
The global spirit miniatures market exhibited 4.1% of CAGR over the last 4 years.
What is the projected CAGR for the global spirit miniatures market from 2023 to 2033?
The projected CAGR for the global spirits miniatures market from 2023 to 2033 is 4.7%.
Which material will garner significant value share by 2023?
The glass segment of global sprits miniatures market is expected to garner significant value share by 2023.
