Global Distilled spirits market was valued at US$ 25.04 Billion in 2016, according to Global Distilled Spirits Market Report by Product (Whiskey, Vodka, Rum, Gin, Tequila, Brandy and Others), by Distribution Channel (Supermarkets, Hypermarkets, Specialty Stores, Drug Stores, Online and Others), published by Coherent Market Insights. The distilled spirits market is expected to register a CAGR of 4.36% over the forecast period (2017-2025) to reach US$ 36.47 Billion by 2025.
The major factors propelling the growth of this market include rising young and adult demographic coupled with the substantial growth in disposable income of the consumers. Thus, making higher quality premium brands of vodkas affordable and popular among the consumers. Furthermore, the rising demand for the domestic vodka is propelling the market growth of distilled spirits. Unflavored and flavored variants of domestic brands including, Burnett from Heaven Hill Brands and E&J Gallo’s New Amsterdam vodka are gaining popularity worldwide thereby, supporting the market growth.
To know the latest trends and insights prevalent in this market, click the link below:
Browse 110 market data tables* and 70 figures* on "Distilled Spirits Market” - Global forecast to 2025.
Key Trends and Analysis of Distilled Spirits Market:
Based on product, the vodka segment held a dominant position in the global distilled spirits market in 2016 and is expected to maintain its dominance throughout the forecast period. This is majorly due to the increasing demand for the premium and super-premium categories of vodka. The quality of water used in the manufacturing process determines the quality of vodka. The premium vodkas is made from superior-quality water, which differentiates them from the regular varieties. Furthermore, high consumption of whiskey in India and Brazil is anticipated to record the highest per capita consumption, worldwide, during the forecast period.
Key Takeaways of the Market:
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
Email: [email protected]
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.