Global Spirits Market
The Global Spirits Market was valued at US$ 56 billion in 2021 and it is expected to reach at US$ 147 billion in 2027 at a CAGR of 12.71% during forecast period 2022-2027.
Spirit, also referred to as a distilled beverage, is an alcoholic beverage created by distilling an alcoholic fermentation combination (the process of extracting component elements from a liquid mixture through vaporisation and condensation). Alcohol content (also known as alcohol by volume (ABV)) is increased by the distillation process, which also removes diluting components like water.
Market Drivers
Consumer interest in premium spirits and more expensive drinks has increased as economies in various nations continue to do well, in part due to easy access to information and consumers' willingness to spend money on wanted goods. Spirits are in more demand as a result. Over the years, whiskey has continued to be a favorite alcoholic beverage among many drinkers, solidifying its place in high-end mixers. The spirits market is then anticipated to rise as a result. Strong sales of premium and ultra-premium goods also contribute to the increase in demand for spirits.
Market Restraints
Anti-alcohol initiatives are predicted to impede the expansion of the world spirits market in a number of nations. These initiatives aim to draw attention to the harmful effects of alcohol use. The expansion of the spirits market is further hampered by higher alcohol taxes.
Market Segmentation
The global spirits market segmented into type and distribution channel. By type it segmented into gin, brandy, cane, vodka, flavoured spirits, rum, natural spirits, whiskey and tequila. By distribution channel it segmented into supermarkets and hypermarkets, on-trade, specialist retailers, online convenience stores, others.
Regional Analysis
The global spirits market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. The market for spirits is dominated by Asia-Pacific. The market for craft beers that have been Westernized and combined with local tastes and preferences has huge potential in the region. An increase in consumer preference for imported alcohol over traditional alcohol has been one of the causes fueling the expansion of the region's alcoholic beverage sector.
Key Players
Various key players are listed in this report such as Davide Campari-Milano N.V. (Netherlands), Diageo PLC (U.K.), Halewood International Limited (U.K.), Asahi Group Holdings, Ltd. (Japan), Accolade Wines (Australia), Bacardi Limited (Bermuda), Mike's Hard Lemonade Co. (U.S.), Castel Group (France), Suntory Holdings Limited (Japan), Anheuser-Busch InBev SA/NV (Belgium).
Market Taxonomy
By Type
By Distribution Channel
Key Question Addressed by the Report
Global Spirits Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Spirits Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Spirits Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Spirits Market Share Analysis, By Type
5.3 Global Spirits Market Size and Forecast, By Type
5.3.1 Gin
5.3.2 Brandy
5.3.3 Cane
5.3.4 Vodka
5.3.5 Flavored Spirits
5.3.6 Rum
5.3.7 Natural Spirits
5.3.8 Whiskey
5.3.9 Tequila
6 Global Spirits Market, By Distribution Channel
6.1 Y-o-Y Growth Comparison, By Distribution Channel
6.2 Global Spirits Market Share Analysis, By Distribution Channel
6.3 Global Spirits Market Share Analysis, By Distribution Channel
6.3.1 Supermarkets And Hypermarkets
6.3.2 On-Trade
6.3.3 Specialist Retailers
6.3.4 Online Convenience Stores
6.3.5 Others
7 Global Spirits Market, By Region
7.1 Global Spirits Market Share Analysis, By Region
7.2 Global Spirits Market Share Analysis, By Region
8 North America Spirits Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Spirits Market Share Analysis, By Type
8.3 North America Spirits Size and Forecast, By Distribution Channel
8.4 North America Spirits Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9 Europe Spirits Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Spirits Market Share Analysis, By Type
9.3 Europe Spirits Market Size and Forecast, By Distribution Channel
9.4 Europe Spirits Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Spirits Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia-Pacific Spirits Market Size and Forecast, By Type
10.3 Asia-Pacific Spirits Market Size and Forecast, By Distribution Channel
10.4 Asia-Pacific Spirits Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Spirits Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Spirits Market Size and Forecast, By Type
11.3 Latin America Spirits Market Size and Forecast, By Distribution Channel
11.4 Latin America Spirits Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2. Rest of Latin America
12 Middle East Spirits Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Spirits Market Share Analysis, By Type
12.3 Middle East Spirits Market Size and Forecast, By Distribution Channel
12.4 Middle East Spirits Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.2. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1. Davide Campari-Milano N.V. (Netherlands)
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Diageo PLC (U.K.)
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Halewood International Limited (U.K.)
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4. Asahi Group Holdings, Ltd. (Japan)
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5. Accolade Wines (Australia)
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6. Bacardi Limited (Bermuda)
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7. Mike's Hard Lemonade Co. (U.S.)
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8. Castel Group (France)
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9. Suntory Holdings Limited (Japan)
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10. Anheuser-Busch InBev SA/NV (Belgium)
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
