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.
Spirits has many types, which include brandy, tequila, baijiu, rum, vodka, whisky and others. As spirits is popular beverage, the downstream application industries will need more spirits products. So, spirits has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce fashionable and good taste spirits through improving technology.
The major raw materials for spirits are grain and packaging materials. Fluctuations in the price of the upstream product will impact on the production cost of spirits. The production cost of spirits is also an important factor which could impact the price of spirits. The spirits manufacturers are trying to reduce production cost by developing production method.
According to this study, over the next five years the Spirits market will register a 0.4% CAGR in terms of revenue, the global market size will reach USD 235300 million by 2024, from USD 231200 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Spirits business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Spirits market by product type, application, key manufacturers and key regions and countries.
This study considers the Spirits value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Brandy
Tequila
Baijiu
Rum
Vodka
Whisky
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Household Application
Commercial Application
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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
Patr?n
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Spirits consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Spirits market by identifying its various subsegments.
Focuses on the key global Spirits manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Spirits with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Spirits submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
