Opportunities in the Global Spirits Sector

The global spirits market was valued at $783.5 billion in 2021. The market is expected to grow at a CAGR of more than 6% during the forecast period. More consumers are now concerned about immunity and overall wellbeing, owing to the COVID-19 pandemic. As a result, they are actively moderating their intake of alcohol to maintain their health, which is driving the demand for “low alcohol by volume (ABV)”, “low-calorie”, or “low-sugar” spirits. This is creating more opportunities for spirits drinks with health claims.

The global spirits market report brings together multiple data sources to provide a comprehensive overview of market environment, high-potential countries’ analysis, country deep dive, success stories, competitive environment, distribution analysis, packaging analysis, and challenges and future outlook.

Global spirits market overview

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Which are the key regions in the global spirits market?

The key regions in the global spirits market are Asia-Pacific, Middle East & Africa, Americas, Western Europe, and Eastern Europe. Asia-Pacific represented the largest region for the global spirits sector in 2021.

Global spirits market, by regions

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Which are the key categories in the global spirits market?

The key categories in the global spirits market are brandy, flavored alcoholic beverages, gin & genever, liqueurs, non-alcoholic spirits drinks, rum, specialty spirits, tequila & mezcal, vodka, and whiskey. In the year 2021 specialty spirits had the highest market value.

Global spirits market, by categories

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Which are the key distribution channels in the global spirits market?

The key distribution channels in the global spirits market are hypermarkets & supermarkets, convenience stores, on trade, food & drinks specialists, and others. Hypermarkets & supermarkets had the largest share in the global spirits market in 2021.

Global spirits market, by distribution channel

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Which are the key competitors in the global spirits market?

The key competitors in the global spirits market are Diageo plc, Suntory Holdings Ltd, Pernod Ricard, Mark Anthony Brands, International Unlimited Company, and Hite Jinro Co. Ltd. Diageo plc had the highest market share in 2020.

Global spirits market, by competitors

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Market report scope

Scope

• Provides an overview of current industry scenario regarding the future outlook in terms of ingredients, product claims, labeling, and packaging.
• The analysis also covers regional overview across five regions – Asia-Pacific, Middle East & Africa, Americas, Western Europe, and Eastern Europe – highlighting industry size, growth drivers, latest developments, and future inhibitors for the regions.

Reasons to Buy

• Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail.
• 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, than 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