Vodka Market : Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Vodka Market: by Type (Polish Vodka, Russian Vodka, Swedish Vodka, Craft Vodka, Ready to Drink Vodka), by Flavor (Flavored Vodka, Unflavored Vodka), by Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Food Service, Online, Others) and Geography

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Report

Description

Vodka Market size is valued at USD 39.8 billion in 2021 and is expected to reach a value of USD 56.8 billion by 2028, growing at a CAGR of 5.2% during the forecast period 2022 to 2028. The global market provides a detailed overview of the vodka market and that can be segmented by type, flavor, and distribution channel. By type, this market has been segmented into Polish vodka, Russian vodka, Swedish vodka, craft vodka, and ready-to-drink vodka. The polish vodka segment is likely to be the largest and fastest-growing segment in terms of type. Based on flavor, this market is segmented into flavored vodka and unflavored vodka.  Among these, the flavored vodka segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on distribution channel, this market is segmented into supermarkets and hypermarkets, convenience stores, food service, online and others. The supermarkets and hypermarkets segment accounts for the largest share in 2021. The food service segment has the second-largest share during the forecast period 2021-2028.


Vodka Market

MARKET SUMMARY
-
5.2% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 5.2%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market–  North America

Vodka Market

  • The Vodka 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.
  • The Vodka Market is segmented based on by Type, by Flavor, by Distribution Channel and geography.
Key Players
  • Bacardi Ltd.
  • Becle SAB de CV
  • Brown-Forman Corp.
  • Constellation Brands Inc.
  • Davide Campari-Milano Spa
  • Diageo Plc
  • Pernod Ricard SA
DRIVERS

Vodka Market

The alcohol sector, particularly in the Vodka segment, has seen enormous growth due to increased demand for alcoholic beverages and cocktail drinks among millennials and working professionals in metropolitan areas. When it comes to formal or professional socializing, drinks are a status signal. Due to diverse preferences of consumption in raw or in cocktails, which has a vast variety and is popular among the youthful audience, vodka has swept the market by storm.


Asia Pacific Market Got Significant Share

Vodka Market

By region, the Asia Pacific market is expected to witness the highest market share during the forecast period. This is due to an increase in demand for agave-based non-flavored vodka goods from growing economies such as China and India to meet white spirits demand. The market is growing due to an emerging trend in China of mixing mint-flavored vodka with a bright lemonade blend.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

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

Vodka Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The Vodka Market is projected to expand at a CAGR of 5.2% during the forecast period.

The major players in the global vodka market are Bacardi Ltd., Becle SAB de CV, Brown-Forman Corp., Constellation Brands Inc., Davide Campari-Milano Spa, Diageo Plc, Pernod Ricard SA, Polmos Zyrardow Sp. ZOO, Suntory Holdings Ltd. and Fourth Wave Wine.

North America is the fastest-growing region for Vodka Market


Report

Table Of Content

1. Executive Summary
2. Global Vodka Market Introduction
2.1. Global Vodka Market – Taxonomy
2.2. Global Vodka Market –Definitions
2.2.1. By Type
2.2.2. By Flavor
2.2.3. By Distribution Channel
2.2.4. By Region
3. Global Vodka Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Vodka Market Dynamic Factors – Impact Analysis
3.6. Global Vodka Market – Competition Landscape
4. Global Vodka Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) (Volume, 000’ ltrs)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Vodka Market, By Type, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) (Volume, 000’ ltrs)
5.1. Polish Vodka
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn) (Volume, 000’ ltrs)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Russian Vodka
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn) (Volume, 000’ ltrs)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Swedish Vodka
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn) (Volume, 000’ ltrs)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Craft Vodka
5.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn) (Volume, 000’ ltrs)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. Ready to Drink Vodka
5.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn) (Volume, 000’ ltrs)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
6. Global Vodka Market, By Flavor, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) (Volume, 000’ ltrs)
6.1. Flavored Vodka
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn) (Volume, 000’ ltrs)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Unflavored Vodka
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn) (Volume, 000’ ltrs)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Vodka Market, By Distribution Channel, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) (Volume, 000’ ltrs)
7.1. Supermarkets and Hypermarkets
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn) (Volume, 000’ ltrs)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Convenience Stores
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn) (Volume, 000’ ltrs)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Food Service
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn) (Volume, 000’ ltrs)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Online
7.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn) (Volume, 000’ ltrs)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Others
7.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn) (Volume, 000’ ltrs)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
8. Global Vodka Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) (Volume, 000’ ltrs)
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn) (Volume, 000’ ltrs)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn) (Volume, 000’ ltrs)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn) (Volume, 000’ ltrs)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn) (Volume, 000’ ltrs)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn) (Volume, 000’ ltrs)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Vodka Market – Opportunity Analysis Index, By Type, Flavor, Distribution Channel, and Region, 2022 – 2028
9. North America Vodka Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn) (Volume, 000’ ltrs)
9.1. Type Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Polish Vodka
9.1.2. Russian Vodka
9.1.3. Swedish Vodka
9.1.4. Craft Vodka
9.1.5. Ready to Drink Vodka
9.2. Flavor Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Flavored Vodka
9.2.2. Unflavored Vodka
9.3. Distribution Channel Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Supermarkets and Hypermarkets
9.3.2. Convenience Stores
9.3.3. Food Service
9.3.4. Online
9.3.5. Others
9.4. Country Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Vodka Market – Opportunity Analysis Index, By Type, Flavor, Distribution Channel, and Country, 2022 – 2028 
9.6. North America Vodka Market Dynamics – Trends
10. Europe Vodka Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) (Volume, 000’ ltrs)
10.1. Type Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Polish Vodka
10.1.2. Russian Vodka
10.1.3. Swedish Vodka
10.1.4. Craft Vodka
10.1.5. Ready to Drink Vodka
10.2. Flavor Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Flavored Vodka
10.2.2. Unflavored Vodka
10.3. Distribution Channel Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Supermarkets and Hypermarkets
10.3.2. Convenience Stores
10.3.3. Food Service
10.3.4. Online
10.3.5. Others
10.4. Country Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Rest of Europe
10.5. Europe Vodka Market – Opportunity Analysis Index, By Type, Flavor, Distribution Channel, and Country, 2022 – 2028 
10.6. Europe Vodka Market Dynamics – Trends
11. Asia-Pacific Vodka Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) (Volume, 000’ ltrs)
11.1. Type Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Polish Vodka
11.1.2. Russian Vodka
11.1.3. Swedish Vodka
11.1.4. Craft Vodka
11.1.5. Ready to Drink Vodka
11.2. Flavor Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Flavored Vodka
11.2.2. Unflavored Vodka
11.3. Distribution Channel Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Supermarkets and Hypermarkets
11.3.2. Convenience Stores
11.3.3. Food Service
11.3.4. Online
11.3.5. Others
11.4. Country Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. China
11.4.2. India
11.4.3. Japan
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Vodka Market – Opportunity Analysis Index, By Type, Flavor, Distribution Channel, and Country, 2022 – 2028 
11.6. Asia-Pacific Vodka Market Dynamics – Trends
12. Latin America Vodka Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) (Volume, 000’ ltrs)
12.1. Type Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Polish Vodka
12.1.2. Russian Vodka
12.1.3. Swedish Vodka
12.1.4. Craft Vodka
12.1.5. Ready to Drink Vodka
12.2. Flavor Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Flavored Vodka
12.2.2. Unflavored Vodka
12.3. Distribution Channel Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Supermarkets and Hypermarkets
12.3.2. Convenience Stores
12.3.3. Food Service
12.3.4. Online
12.3.5. Others
12.4. Country Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Latin America Vodka Market – Opportunity Analysis Index, By Type, Flavor, Distribution Channel, and Country, 2022 – 2028 
12.6. Latin America Vodka Market Dynamics – Trends
13. Middle East and Africa Vodka Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028  (Revenue, USD Mn) (Volume, 000’ ltrs)
13.1. Type Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Polish Vodka
13.1.2. Russian Vodka
13.1.3. Swedish Vodka
13.1.4. Craft Vodka
13.1.5. Ready to Drink Vodka
13.2. Flavor Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Flavored Vodka
13.2.2. Unflavored Vodka
13.3. Distribution Channel Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Supermarkets and Hypermarkets
13.3.2. Convenience Stores
13.3.3. Food Service
13.3.4. Online
13.3.5. Others
13.4. Country Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. South Africa
13.4.3. Rest of MEA
13.5. MEA Vodka Market – Opportunity Analysis Index, By Type, Flavor, Distribution Channel, and Country, 2022 – 2028 
13.6. MEA Vodka Market Dynamics – Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Key Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Bacardi Ltd.
14.2.2. Becle SAB de CV
14.2.3. Brown-Forman Corp.
14.2.4. Constellation Brands Inc.
14.2.5. Davide Campari-Milano Spa
14.2.6. Diageo Plc
14.2.7. Pernod Ricard SA
14.2.8. Polmos Zyrardow Sp. ZOO
14.2.9. Suntory Holdings Ltd.
14.2.10. Fourth Wave Wine
15. Research Methodology
16. Key Assumptions and Acronyms

 


Report

Company Profile

  • Bacardi Ltd.
  • Becle SAB de CV
  • Brown-Forman Corp.
  • Constellation Brands Inc.
  • Davide Campari-Milano Spa
  • Diageo Plc
  • Pernod Ricard SA
  • Polmos Zyrardow Sp. ZOO
  • Suntory Holdings Ltd.
  • Fourth Wave Wine

Description

Vodka Market size is valued at USD 39.8 billion in 2021 and is expected to reach a value of USD 56.8 billion by 2028, growing at a CAGR of 5.2% during the forecast period 2022 to 2028. The global market provides a detailed overview of the vodka market and that can be segmented by type, flavor, and distribution channel. By type, this market has been segmented into Polish vodka, Russian vodka, Swedish vodka, craft vodka, and ready-to-drink vodka. The polish vodka segment is likely to be the largest and fastest-growing segment in terms of type. Based on flavor, this market is segmented into flavored vodka and unflavored vodka.  Among these, the flavored vodka segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on distribution channel, this market is segmented into supermarkets and hypermarkets, convenience stores, food service, online and others. The supermarkets and hypermarkets segment accounts for the largest share in 2021. The food service segment has the second-largest share during the forecast period 2021-2028.

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