Title: Alcoholic Spirits Market – Global Industry Size, Share, Trends & Analysis 2017-2025
1Alcoholic Spirits Market
2Global 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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5Key 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.
6Market 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.
7REGIONAL 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.
8Competitive 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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