Alcoholic Spirits Market – Global Industry Size, Share, Trends & Analysis 2017-2025

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Alcoholic Spirits Market
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Global Alcoholic Spirits Market by Distribution
Channel (Liquor Specialist Stores, Duty Free,
Hypermarket, Online Retailing) by Type (Brandy
and Cognac, Liqueurs, Rum, Tequila, Whiskies,
White Spirits, Other Spirits) by Geography
Forecast 2017-2025
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Key Finding

• The global spirits market size is expected to
  expand from 477789 million in 2016 to 641400
  million by 2025, at a CAGR of 3.32 between 2017
  and 2025.
• The base year considered for the spirits market
  report is 2016 and the forecast period is from
  2017 to 2025.
• Rapid urbanization, high disposable income and
  the changing lifestyle and consumption habits of
  consumes are the dominant drivers of the global
  spirits market.

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Market Insights

• The global spirits market is segmented by
  distribution on the basis of liquor specialist
  stores, duty free, hypermarket/supermarket,
  online retailing and others.
• Stringent rules and regulations across different
  regions, health issues that arise due to excess
  spirits consumption and easy availability of
  substitute products are some factors that are
  restricting the growth of the market.
• The leading players in the spirits market are
  encountering challenges in heavy taxation and
  restriction on advertising in certain countries.

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REGIONAL INSIGHTS

• The spirits market in Asia-Pacific is anticipated
  to hold a massive share by 2025. Increased
  awareness about spirits, strong on-premise
  channel growth, and increasing disposable income
  are the major factors driving the growth of the
  spirits market.
• After China and India, France and UK are
  anticipated to be the developing markets for the
  spirits.
• The mentioned countries are expected to witness a
  rise in spirits consumer base and increased
  production of spirits with rich flavor and aroma,
  compared to other geographic regions.

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Competitive Insights
Major players in the spirits market are Diageo
Plc, Remy Cointreau, Bacardi Limited, Pernod
Ricard, Brown-Forman, Radico Khaitan, Suntory
Spirits Ltd, Marstons Plc, Stock Spirits Group,
Hite Jinro Co Ltd, The Wine Group Inc,
Constellation Brands Inc, Gruppo Campari, Amvyx
SA and Miguel Torres SA.
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oholic-spirits-market-forecast/
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America, Europe, CEE, CIS, Middle East, Africa
and Asia.
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