Alcoholic Spirits Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Alcoholic Spirits Market: Product Type (Brandy & Cognac, Liqueurs, Whiskey, Tequila, Rum, White Spirits, Others), By Distribution Channel (Supermarkets & Hypermarkets, Liquor Specialist Stores, Online Stores, Others) and Geography

 

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Report

Description

Alcoholic Spirit Market size is valued at USD 1,550.1 billion in 2021 and is expected to reach a value of USD 1,792.8 billion by 2028, growing at a CAGR of 2.1% during the forecast period 2022 to 2028. 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 2022-2028.

 

Key Developments:

In May 2021, Treasury Wine Estates (TWE) introduced a new, on-trade-only collection of Vegan certified wines, giving consumers a sustainable option on wine menus.

Alcoholic Spirits Market

MARKET SUMMARY
-
2.1%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 2.1%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Alcoholic Spirits Market

  • The report on global alcoholic spirit market gives historical, current, and future market sizes (US$ Bn) on the basis of product type, distribution channel and geography.
  • The global alcoholic spirit market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa
Key Players
  • Diageo Plc
  • Pernod Ricard Sa
  • Asahi Breweries Ltd.
  • Beam Suntory Inc
  • William Grant & Sons Ltd
Alcoholic Spirits Market Drivers

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.


Asia-Pacific Got Significant Share

Alcoholic Spirits Market

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 McDowell’s 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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The alcoholic spirit market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The alcoholic spirit market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The alcoholic spirit market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The alcoholic spirit market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The alcoholic spirit market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Alcoholic Spirits Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The alcoholic spirit market is projected to expand at a CAGR of 2.1% during the forecast period.

The major global alcoholic spirit market 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., and China Resources Beer Company Limited.

Asia Pacific is the fastest-growing region for alcoholic spirit market


Report

Table Of Content

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, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1. Brandy & Cognac
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028
6.1. Supermarkets & Hypermarkets
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1. North America
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2022 – 2028
8. North America Alcoholic Spirits Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
8.5. North America Alcoholic Spirits Market Dynamics – Trends
9. Europe Alcoholic Spirits Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
9.5. Europe Alcoholic Spirits Market Dynamics – Trends
10. Asia-Pacific Alcoholic Spirits Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
10.5. Asia-Pacific Alcoholic Spirits Market Dynamics – Trends
11. Latin America Alcoholic Spirits Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
11.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
11.5. Latin America Alcoholic Spirits Market Dynamics – Trends
12. Middle East and Africa Alcoholic Spirits Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
12.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
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

Report

Company Profile

  • 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

Description

Alcoholic Spirit Market size is valued at USD 1,550.1 billion in 2021 and is expected to reach a value of USD 1,792.8 billion by 2028, growing at a CAGR of 2.1% during the forecast period 2022 to 2028. 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 2022-2028.

 

Key Developments:

In May 2021, Treasury Wine Estates (TWE) introduced a new, on-trade-only collection of Vegan certified wines, giving consumers a sustainable option on wine menus.

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