PUBLISHER: The Business Research Company | PRODUCT CODE: 1087184
PUBLISHER: The Business Research Company | PRODUCT CODE: 1087184
Spirits Global Market Report 2022 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global spirits (distilleries) market as it emerges from the COVID-19 shut down.
Where is the largest and fastest growing market for the spirits (distilleries)? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Spirits (Distilleries) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider spirits (distilleries) market, and compares it with other markets.
Markets Covered: 1) By Type: Whiskey; Vodka; Rum; Tequila; Gin; Other Spirits
2) By Distribution Channel: Off-Trade Channels; On-Trade Channels
3) By Category: Mass; Premium
Subsegments Covered: Single Malt; Other Whiskey
Companies Mentioned: Diageo plc.; Pernod Ricard; Thai Beverage public co.; The Brown-Forman Corporation; kirin holdings co. ltd.
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, spirits (distilleries) indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Major companies in the spirits market include Diageo plc, Pernod Ricard, Thai Beverage public co., The Brown-Forman Corporation, kirin holdings co ltd, Christian Dior SE, The Molson Coors Brewing Company, Suntory Holdings Limited, Asahi Group Holdings Ltd, and Anheuser-Busch InBev sa/nv.
The global spirits market is expected to grow from $132.11 billion in 2021 to $145.65 billion in 2022 at a compound annual growth rate (CAGR) of 10.2%. The market is expected to grow to $207.1 billion in 2026 at a compound annual growth rate (CAGR) of 9.2%.
The spirits market consists of sales of potable liquors, ethyl alcohol, grain alcohol, and spirits by entities (organizations, sole traders, and partnerships) that distill and blend liquors. The companies in the distilleries industry process raw materials into potable liquors, ethyl alcohol, grain alcohol, and spirits, package and distribute them through various distribution channels to both individual customers and commercial establishments.
The main types of spirits are whiskey, vodka, rum, tequila, gin, and other spirits. Whiskey (or whisky) refers to a variety of distilled liquors created from a fermented mixture of cereal grains and aged in wooden barrels, most commonly made of oak. The different categories include mass, premium, and distributed through various channels such as off-trade channels, on-trade channels.
Asia Pacific was the largest region in the spirits market in 2021. North America was the second-largest region in the spirits market. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The world population is growing and is expected to reach 10 billion by 2050. An increase in population creates more demand for alcoholic beverages. Crop production, farming activities, and trade volumes will have to increase in order to meet the increased population. Therefore, companies in this market are expected to benefit from rising demand for spirits manufacturing (distilleries) products due to the rising population, during the forecast period
The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the spirits manufacturing (distilleries) market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and spread globally including Western Europe, North America, and Asia. Food and beverage manufacturers depend on the supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to a lack of raw materials. Also, restrictions on the trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak is had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the spirits manufacturing (distilleries) market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy.
Spirits manufacturers are now offering ready-to-mix hybrid beverages to cater to changing consumer tastes and preferences. Hybrid beverages are a blend of alcoholic drinks from multiple beverage categories. They are prepared by using unique flavor combinations, ingredients, and production methods from multiple drinks. For example, producing spirits or beers in a wine barrel, to give them a distinct taste. Hybrid beverages are particularly evident in the spirit category, with products such as beer mixed with rum and tea mixed with vodka. Some of the popular hybrid beverages include Malibu Red (rum and tequila), Kahlua Midnight (rum and Kahlua), and Absolut Tune (vodka and sparkling wine).
The countries covered in the spirits market are Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam.