PUBLISHER: TechNavio | PRODUCT CODE: 1525203
PUBLISHER: TechNavio | PRODUCT CODE: 1525203
The arak market is forecasted to grow by USD 2597.1 mn during 2023-2028, accelerating at a CAGR of 3.27% during the forecast period. The report on the arak market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing number of distilleries and growth in exports of arak, growth in global online retail, and change in consumer behavior and lifestyle.
Technavio's arak market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 3.13% |
CAGR | 3.27% |
Incremental Value | $2597.1mn |
By Raw Material
By Geographical Landscape
This study identifies the growing online sales as one of the prime reasons driving the arak market growth during the next few years. Also, homemade and unlabeled arak production and growing demand for arak in apac region will lead to sizable demand in the market.
The report on the arak market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading arak market vendors that include Chateau Ksara, Domaine des Tourelles, El Massaya, Haddad Distilleries, Kawar Arak, Lebanese Arak Corp., Lebanese Fine Wines Ltd., LibanonWeine, and Zumot Distilleries. Also, the arak market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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