Opportunities in the Asia-Pacific Spirits Sector
The Asia-Pacific spirits market size was valued at $446.87 billion in 2021. The market is projected to grow at a CAGR of more than 6% during the forecast period. Specialty spirits was the largest category in the region in 2021. Based on the relative performance of countries/territories on multiple metrics, New Zealand, Australia, Hong Kong, and Japan were shortlisted as high potential countries due to their large spirits market sizes, projected high-value growth rates, and projected rising per capita value growth levels. In 2021, on-premise was the largest distribution channel in the Asia Pacific Spirits sector while glass was the most used pack material.
The Asia Pacific spirits market report includes market overview, high growth country analysis, top companies, key distribution channels, packaging formats, and case studies.
Asia Pacific Spirits Market Outlook
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What is the country-wise outlook of the Asia Pacific spirits market?
New Zealand, Australia, Hong Kong, and Japan were shortlisted as high potential countries in the region. Among them, Japan was the largest market in terms of value sales in 2021. During the forecast period, Australia will contribute the most to the growth of the liqueurs category, and Hong Kong is projected to record the fastest value and volume CAGRs.
What are the key categories in the Asia Pacific spirits market?
The key categories in the Asia Pacific Spirits sector are whiskey, flavored alcoholic beverages, liqueurs, vodka, rum, brandy, tequila and mezcal, gin and genever, and specialty spirits.
Asia Pacific spirits market, by categories
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What are the key distribution channels in the Asia Pacific spirits market?
The key off-premise distribution channels in the Asia Pacific spirits market are hypermarkets and supermarkets, food and drinks specialists, convenience stores, e-retailers, and others. On-premise was the leading distribution channel in the Asia Pacific Spirits sector in 2021.
Asia Pacific spirits market, by distribution channels
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What are the key packaging materials in the Asia Pacific spirits market?
The key packaging materials in the Asia Pacific spirits market are glass, rigid metal, paper and board, and rigid plastics.
Asia Pacific spirits market, by packaging materials
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Which are the key companies in the Asia Pacific spirits market?
The key companies in the Asia Pacific spirits market are Suntory Holdings Ltd, Hite Jinro Co., Ltd., Diageo Plc, Thai Beverage PLC, and Lotte Chilsung Beverage Co., Ltd.
Asia Pacific spirits market, by key companies
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Market report scope
| Market size (Year – 2021) | $446.87 billion |
| Growth rate | CAGR of >6% |
| Forecast period | 2021-2026 |
| Key categories | Whiskey, Flavored Alcoholic Beverages, Liqueurs, Vodka, Rum, Brandy, Tequila and Mezcal, Gin and Genever, and Specialty Spirits |
| Key distribution channels | On-Premise, Hypermarkets And Supermarkets, Food and Drinks Specialists, Convenience Stores, and E-Retailers |
| Key packaging materials | Glass, Rigid Metal, Paper and Board, Rigid Plastics |
| Key players | Suntory Holdings Ltd, Hite Jinro Co., Ltd., Diageo Plc, Thai Beverage PLC, and Lotte Chilsung Beverage Co., Ltd |
This report provides:
- Sector size, market size, and growth analysis by category.
- Changing share of value consumption in the spirits categories across high-potential countries in the Asia-Pacific region. It also provides Risk-Reward analysis of four countries across the Asia-Pacific region based on market assessment, economic development, sociodemographic trends, governance indicators, and technological infrastructure.
- Overview, demographic analysis, and key trends across high-potential countries.
- Some of the most compelling spirits manufacturers, brands, products, and marketing campaigns in the Asia-Pacific region. It also provides a better understanding of how a certain manufacturer achieved success in the sector and insights.
- Overview of leading companies in the Asia-Pacific region in 2020 besides analyzing the growth of private label in the region.
- Analysis on the leading distribution channels in the Asia Pacific Spirits sector in 2021. It covers hypermarkets & supermarkets, health & beauty stores, para pharmacies/drugstores, chemists/pharmacies, e-retailers, department stores, direct sellers, convenience stores, “dollar stores”, variety stores & general merchandise retailers, cash & carries & warehouse clubs, and other retailers.
- Percentage share and growth analysis for various pack materials, pack types, closure types, and primary outer types based on the volume sales (by pack units) of spirits.
- The challenges and future outlook pertaining to the Asia Pacific Spirits sector.
Reasons to Buy
- This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region.
- The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape, and demographic analysis, that can help companies gain insight into the country-specific nuances.
- The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, that can help companies in revenue expansion.
- To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.
Key Players
Table of Contents
List of Tables
List of Figures
Frequently Asked Questions
The spirits market size in the Asia Pacific was valued at $446.87 billion in 2021.
The spirits market in the Asia Pacific is projected to grow at a CAGR of more than 6% during the forecast period.
The key categories in the Asia Pacific spirits market are whiskey, flavored alcoholic beverages, liqueurs, vodka, rum, brandy, tequila and mezcal, gin and genever, and specialty spirits.
The key distribution channels in the Asia Pacific spirits market are hypermarkets and supermarkets, food and drinks specialists, convenience stores, e-retailers, and on-premise distribution channels.
The key packaging materials in the Asia Pacific spirits market are glass, rigid metal, paper and board, and rigid plastics.
The key companies in the Asia Pacific spirits sector are Suntory Holdings Ltd, Hite Jinro Co., Ltd., Diageo Plc, Thai Beverage PLC, and Lotte Chilsung Beverage Co., Ltd.
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