Spirits Market Opportunities, Trends, Growth Analysis and Forecast to 2027
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Spirits Market Report Overview
The spirits market size was $719.4 billion in 2022 and it is likely to grow at a CAGR of 6% from 2022 to 2027. In addition, a shift towards premium and craft spirits is being seen globally amid changes in consumer lifestyles. Customers believe these spirits to be of higher quality and require less processing. Global demand for spirits is being driven by rising disposable incomes and falling unemployment rates.
Spirits Market Outlook 2022-2027 ($ Billion)
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The spirits market research report covers a comprehensive overview of consumption of various spirits by category, for the period 2017-2027. To help market players understand future market opportunities, the report covers high-potential countries based on key factors such as economic development, governance, socio-demography, and technological infrastructure. The actionable insights, through our elaborate spirits profiling and company market share details, help gain a competitive advantage and get familiarized with offerings by leading brands. Furthermore, our analysts have reviewed the distribution channels and the packaging materials based on volume sales of spirits, to identify better avenues for market reach and spirits exposure.
Market Size (2022) | $719.4 billion |
CAGR (2022-2027) | 6% |
Key Categories | · Speciality Spirits
· Whiskey · Flavored Alcoholic Beverages (FABs) · Vodka |
Key Regions | · Asia-Pacific
· Middle East and Africa · The Americas · Western Europe · Eastern Europe |
Key Distribution Channels | · Hypermarkets & Supermarkets
· Convenience Stores · B2B Supply · E-retailers |
Key Packaging Materials | · Glass
· Rigid Plastics · Rigid Metal · Flexible Packaging · Paper & Board |
Leading Companies | · Heineken
· Asahi Group Holdings · Carlsberg Group · Van Pur Lomza · Perla-Browary Lubelskie |
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Spirits Market Segmentation by Category
The key categories in the spirits market are specialty spirits, whiskey, FABs, and vodka among others. in 2022, the specialty spirits category accounted for the highest share of the spirits market, and will continue doing so during the projected period.
Spirits Market Analysis by Categories, 2022 (%)
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Spirits Market Segmentation by Regions
The key regions in the spirits market are Asia-Pacific, the Middle East and Africa, the Americas, Western Europe, and Eastern Europe. Americas was the highest revenue generator for the spirits market in the world in 2022. Higher consumer disposable incomes contributed to the increasing demand for spirits, particularly for those with unique flavors. In 2022, the high-potential countries identified were Australia, Singapore, the UAE, South Africa, the US, Canada, the UK, Sweden, Hungary, and Poland.
Spirits Market Analysis by Regions, 2022 (%)
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Spirits Market Segmentation by Distribution Channels
The key distribution channels in the spirits market are hypermarkets & supermarkets, convenience stores, B2B supply, and e-retailers among others. Hypermarkets & supermarkets was the leading distribution channel in the spirits sector in 2022, followed by convenience stores.
Spirits Market Analysis by Distribution Channels, 2022 (%)
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Spirits Market Segmentation by Packaging Material
The key packaging materials in the spirits market are glass, rigid plastics, rigid metal, flexible packaging, paper & board. Glass was the most preferred packaging material in the spirits market in 2022.
Spirits Market Analysis by Packaging Material, 2022 (%)
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Spirits Market - Competitive Landscape
The leading companies in the spirits market are Heineken, Asahi Group Holdings, Carlsberg Group, Van Pur Lomza, and Perla-Browary Lubelskie among others. In 2022, Heineken led the spirits market share, followed by Asahi Group Holdings.
Spirits Market Analysis by Companies, 2022 (%)
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Segments Covered in the Report
Spirits Market Category Outlook (Value, USD Billion, 2017-2027)
- Speciality Spirits
- Whiskey
- FABs
- Vodka
Spirits Market Regional Outlook (Value, USD Billion, 2017-2027)
- Asia-Pacific
- Middle East and Africa
- The Americas
- Western Europe
- Eastern Europe
Spirits Market Distribution Channel Outlook (Value, USD Billion, 2017-2027)
- Hypermarkets & Supermarkets
- Convenience Stores
- B2B Supply
- E-retailers
Spirits Market Packaging Material Outlook (Value, USD Billion, 2017-2027)
- Glass
- Rigid Plastics
- Rigid Metal
- Flexible Packaging
- Paper & Board
Reasons to Buy
- Identify high-potential categories and explore further market opportunities based on detailed value and volume analysis.
- Analyze key distribution channels to identify and evaluate trends and opportunities for existing and new players.
- Understand the overall competitive landscape based on detailed company share analysis to plan effective market positioning.
- Get a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion.
- Analyze key macroeconomic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, employed people, and unemployment rate. It also includes an economic summary of the country along with the labor market and demographic trends.
Asahi Group Holdings
Van Pur Lomza
China Resources Enterprise
Carlsberg Group
Heineken
Molson Coors
Table of Contents
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Figures
Frequently asked questions
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What was the spirits market size in 2022?
The spirits market size was $719.4 billion in 2022.
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What is the spirits market growth rate for the forecast period?
The spirits market is expected to register a CAGR of more than 5% during 2022-2027.
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Which was the leading category in the spirits market in 2022?
Speciality spirits was the leading category in the spirits market in 2022.
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Which was the leading distribution channel in the spirits market in 2022?
Food & drinks specialists was the leading distribution channel in the spirits market in 2022.
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Which packaging material accounted for the highest share of the spirits market in 2022?
The glass packaging material accounted for the highest share of the spirits market in 2022.
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Which are the leading companies in the spirits market?
The leading companies in the spirits market are Heineken, Asahi Group Holdings, Carlsberg Group, Van Pur Lomza, and Perla-Browary Lubelskie among others.
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