Market Research Report
Opportunities in the Global Spirits Sector: Analysis of Opportunities Offered by High Growth Economies
|Published by||GlobalData||Product code||533560|
|Published||Content info||151 Pages
Delivery time: 1-2 business days
|Opportunities in the Global Spirits Sector: Analysis of Opportunities Offered by High Growth Economies|
|Published: September 6, 2018||Content info: 151 Pages||
A growing population of youngsters reaching the legal drinking age (LDA), improving economy, and the rising middle income population across APAC and MEA regions will remain the primary factors driving growth in the sector globally. With drinking viewed as a way to unwind and relax after a long day, the large working population worldwide will continue to support growth in demand for spirits.Global Spirits sector was valued at US$689.1 billion in 2017 and is forecast to record a CAGR of 4.5% in value terms during 2017-2022. Asia-Pacific was the largest global market for spirits, accounting for a 57.8% share of total value sales in 2017. Additionally, the region is forecast to record the second-fastest value growth at a CAGR of 5.4% during 2017-2022.
The value share of spirits in the global alcoholic beverages industry is forecast to increase during 2017-2022, led by rising share in Asia-Pacific and Americas, MEA, and Western Europe. However, the value share of spirits in the overall alcoholic beverages industry is set to witness a decline in the Eastern Europe, driven by growing share of beer & cider in these regions.The UK emerged as the largest market in Western Europe with a value share of 24.4% in 2017, while the UAE was the largest in the MEA region with a value share of 61% in 2017. The overall share for private label products in the global spirits sector stood at 5.8% estimated at 1,892.3 million liters in 2017, up from 1,574.3 million liters in 2012.
Hypermarkets & supermarkets was the leading distribution channel for the global spirits sector, with a volume share of 40.9% in 2017, followed by food & drinks specialists with a 31.3% share of total volume sales. Glass was the most commonly used package material in the spirits sector, accounting for 99.8% of the volume share in 2017.
The report "Opportunities in the Global Spirits Sector", provides an overview of global and regional markets covering - Asia-Pacific, Middle East & Africa, Americas, Western Europe, and Eastern Europe - highlighting sector size, growth drivers, latest developments, and future inhibitors for the region.
It also identifies top ten high potential countries and provides deep dive analysis of top countries in each region. The report draws on the sector data by analyzing key distribution channels for prepared meals in the global market. Sector data is also used for studying the level of competition in the sector by identifying the top brands at a global and regional level with insights on sector shares of private label products.
The report specifically covers -
Companies Mentioned: Diageo plc, PernodRicard SA, HITEJINRO CO LTD, Thai Beverage Company, Beijing Red Star Co Ltd, NiuLan Shan Distillery, Lotte Co., Ltd., Suntory Holdings Ltd, Allied Blenders And Distillers Pvt. Ltd., Emperador Distillers, Inc., Jiangsu Yanghe Group Co.,Ltd., Bacardi Limited, Ginebra San Miguel Inc., RadicoKhaitan Ltd, Sichuan YibinWuliangye Distillery Co Ltd, Brown-Forman Corporation, Russian Standard Corporation, Shanxi XinghuaCun Fen Jiu Group Co., Ltd, takarashuzo co ltd, Davide Campari-Milano S.p.A.