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Alcoholic Spirits Market: By Product Type, By Distribution Channel and Geography
Alcoholic Spirits Market: By Product Type, By Distribution Channel and Geography
Alcoholic Spirit Market size was valued at US$ 1,950.1 billion in 2023 and is expected to reach a value of US$ 2,322.8 billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030. The global market provides a detailed overview of the market that can be segmented by product type and distribution channel. The alcoholic spirit market has been segmented by product type into brandy & cognac, liqueurs, whiskey, tequila, rum, white spirits, and others. The brandy & cognac segment is likely to be the largest and fastest-growing segment in terms of product type. Based on distribution channels, the alcoholic spirit market is segmented into supermarkets & hypermarkets, liquor specialist stores, and online stores. Among these, the liquor specialist stores segment is expected to have the fastest-growing market during the forecast period.
Study Period
2024-2030Base Year
2023CAGR
4.5%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Rising youth populations, increasing middle-class income, and a robust economy are some key factors fueling the market growth. Consumer lifestyle changes, beverage preferences, and an increase in breweries and wineries worldwide are other key drivers propelling the market's expansion. Also, there is a growing understanding that beer's unique flavors benefit digestion which enhances the market growth.
The Asia Pacific market is expected to witness the highest market share during the forecast period. This is due to the rising demand for agave-based spirits from developing nations to meet the need for alcoholic drinks. The consumption of regional alcoholic beverages, including black label, VAT69, and McDowels whiskey, is becoming more popular, boosting the market's expansion. North America held a considerable market share during the forecast period as there is an expanding market in the US and Canada for polished malt scotch whiskey.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 1,950.1 billion |
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Market Size in 2030 |
US$ 2,322.8 billion |
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Market CAGR |
4.5% |
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By Product Type |
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By Distribution Channel |
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By Region |
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The alcoholic spirits market size was valued at US$ 1,950.1 million in 2023
The alcoholic spirits market key players are: Tsingtao Brewery Co. Ltd. Carlsberg A/S Dandurand Beam Suntory Inc Brown-Forman Corporation Diageo Plc Pernod Ricard Sa William Grant & Sons Ltd Asahi Breweries Ltd. China Resources Beer Company Limited
The alcoholic spirits market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Alcoholic Spirits Market Introduction |
| 2.1. Global Alcoholic Spirits Market Taxonomy |
| 2.2. Global Alcoholic Spirits Market Definitions |
| 2.2.1. By Product Type |
| 2.2.2. By Distribution Channel |
| 3. Global Alcoholic Spirits Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Alcoholic Spirits Market Dynamic Factors - Impact Analysis |
| 3.6. Global Alcoholic Spirits Market Competition Landscape |
| 4. Global Alcoholic Spirits Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Alcoholic Spirits Market, By Product Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Brandy & Cognac |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Liqueurs |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Whiskey |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Tequila |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Rum |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. White Spirits |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Others |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 6. Global Alcoholic Spirits Market Forecast, By Distribution Channel, 2019 - 2023 and Forecast, 2024 - 2030 |
| 6.1. Supermarkets & Hypermarkets |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Liquor Specialist Stores |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Online Stores |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Global Alcoholic Spirits Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Alcoholic Spirits Market - Opportunity Analysis Index, By Product Type, By Distribution Channel, and Region, 2024 - 2030 |
| 8. North America Alcoholic Spirits Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Brandy & Cognac |
| 8.1.2. Liqueurs |
| 8.1.3. Whiskey |
| 8.1.4. Tequila |
| 8.1.5. Rum |
| 8.1.6. White Spirits |
| 8.1.7. Others |
| 8.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 8.2.1. Supermarkets & Hypermarkets |
| 8.2.2. Liquor Specialist Stores |
| 8.2.3. Online Stores |
| 8.2.4. Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Alcoholic Spirits Market - Opportunity Analysis Index, By Product Type, By Distribution Channel, and Country, 2024 - 2030 |
| 8.5. North America Alcoholic Spirits Market Dynamics Trends |
| 9. Europe Alcoholic Spirits Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Brandy & Cognac |
| 9.1.2. Liqueurs |
| 9.1.3. Whiskey |
| 9.1.4. Tequila |
| 9.1.5. Rum |
| 9.1.6. White Spirits |
| 9.1.7. Others |
| 9.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Supermarkets & Hypermarkets |
| 9.2.2. Liquor Specialist Stores |
| 9.2.3. Online Stores |
| 9.2.4. Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Poland |
| 9.3.8. Rest of Europe |
| 9.4. Europe Alcoholic Spirits Market - Opportunity Analysis Index, By Product Type, By Distribution Channel, and Country, 2024 - 2030 |
| 9.5. Europe Alcoholic Spirits Market Dynamics Trends |
| 10. Asia-Pacific Alcoholic Spirits Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 10.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Brandy & Cognac |
| 10.1.2. Liqueurs |
| 10.1.3. Whiskey |
| 10.1.4. Tequila |
| 10.1.5. Rum |
| 10.1.6. White Spirits |
| 10.1.7. Others |
| 10.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Supermarkets & Hypermarkets |
| 10.2.2. Liquor Specialist Stores |
| 10.2.3. Online Stores |
| 10.2.4. Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Japan |
| 10.3.2. China |
| 10.3.3. India |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Alcoholic Spirits Market - Opportunity Analysis Index, By Product Type, By Distribution Channel, and Country, 2024 - 2030 |
| 10.5. Asia-Pacific Alcoholic Spirits Market Dynamics Trends |
| 11. Latin America Alcoholic Spirits Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 11.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Brandy & Cognac |
| 11.1.2. Liqueurs |
| 11.1.3. Whiskey |
| 11.1.4. Tequila |
| 11.1.5. Rum |
| 11.1.6. White Spirits |
| 11.1.7. Others |
| 11.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Supermarkets & Hypermarkets |
| 11.2.2. Liquor Specialist Stores |
| 11.2.3. Online Stores |
| 11.2.4. Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Alcoholic Spirits Market - Opportunity Analysis Index, By Product Type, By Distribution Channel, and Country, 2024 - 2030 |
| 11.5. Latin America Alcoholic Spirits Market Dynamics Trends |
| 12. Middle East and Africa Alcoholic Spirits Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 12.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Brandy & Cognac |
| 12.1.2. Liqueurs |
| 12.1.3. Whiskey |
| 12.1.4. Tequila |
| 12.1.5. Rum |
| 12.1.6. White Spirits |
| 12.1.7. Others |
| 12.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Supermarkets & Hypermarkets |
| 12.2.2. Liquor Specialist Stores |
| 12.2.3. Online Stores |
| 12.2.4. Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Alcoholic Spirits Market - Opportunity Analysis Index, By Product Type, By Distribution Channel, and Country, 2024 - 2030 |
| 12.5. MEA Alcoholic Spirits Market Dynamics Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Distribution Channel & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Tsingtao Brewery Co. Ltd. |
| 13.2.2. Carlsberg A/S |
| 13.2.3. Dandurand |
| 13.2.4. Beam Suntory Inc |
| 13.2.5. Brown-Forman Corporation |
| 13.2.6. Diageo Plc |
| 13.2.7. Pernod Ricard Sa |
| 13.2.8. William Grant & Sons Ltd |
| 13.2.9. Asahi Breweries Ltd. |
| 13.2.10. China Resources Beer Company Limited |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.