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Spirits are alcoholic beverages produced by distillation of a mixture produced from alcoholic fermentation. This process purifies it and removes diluting components like water, for the purpose of increasing its proportion of alcohol content.
Due to the COVID-19 pandemic, the global Spirits market size is estimated to be worth US$ 235540 million in 2021 and is forecast to a readjusted size of US$ 271200 million by 2028 with a CAGR of 2.0% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Spirits market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Spirits landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
Spirits industry has low technology barrier and is labor intensive industry. Currently, there are many producing companies in the world spirits industry. The main market players are Diageo, Pernod Ricard, Brown Forman, Bacardi Limited and LVMH, with about 14% market shares.
This report focuses on Spirits volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Spirits market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Spirits Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Brandy
Tequila
Liquor and Spirits(Baijiu)
Rum
Vodka
Whisky
Others
Segment by Application
Household Application
Commercial Application
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
Diageo
Pernod Ricard
Brown Forman
Bacardi Limited
LVMH
Beam Suntory
William Grant & Sons
Remy Cointreau
The Edrington Group
Kweichow Moutai Group
Wuliangye
Yanghe Brewery
Daohuaxiang
Luzhou Laojiao
Jose Cuervo
Patrón
Due to the COVID-19 pandemic, the global Spirits market size is estimated to be worth US$ 235540 million in 2021 and is forecast to a readjusted size of US$ 271200 million by 2028 with a CAGR of 2.0% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Spirits market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Spirits landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
Spirits industry has low technology barrier and is labor intensive industry. Currently, there are many producing companies in the world spirits industry. The main market players are Diageo, Pernod Ricard, Brown Forman, Bacardi Limited and LVMH, with about 14% market shares.
This report focuses on Spirits volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Spirits market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Spirits Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Brandy
Tequila
Liquor and Spirits(Baijiu)
Rum
Vodka
Whisky
Others
Segment by Application
Household Application
Commercial Application
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
Diageo
Pernod Ricard
Brown Forman
Bacardi Limited
LVMH
Beam Suntory
William Grant & Sons
Remy Cointreau
The Edrington Group
Kweichow Moutai Group
Wuliangye
Yanghe Brewery
Daohuaxiang
Luzhou Laojiao
Jose Cuervo
Patrón
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
