Liqueurs Market by Type (Neutrals/Bitters, Creams, Fruit Flavored, and Others), Packaging (Glass, PET Bottle, Metal Can, and Others), and Distribution Channel (Convenience Stores, On-premises, Retailers, and Supermarkets), and: Global Opportunity Analysis

Liqueurs Market by Type (Neutrals/Bitters, Creams, Fruit Flavored, and Others), Packaging (Glass, PET Bottle, Metal Can, and Others), and Distribution Channel (Convenience Stores, On-premises, Retailers, and Supermarkets), and: Global Opportunity Analysis and Industry Forecast, 2022–2031

The global liqueurs market size was valued at $118,040.5 million in 2021, and is projected to reach $166,966.8 million by 2031, registering a CAGR of 3.4% from 2022to 2031. Over the past few years, more number of young people has engaged in self-employment and has moved out of the houses to work. With own earned money, young population has leaned toward spending the income on food & beverages. Moreover, as millennial tend to try new drinks always and explore various countries, their demand for local liqueurs of small countries has also increased. In addition, with number of millennial involved in tourism and are interested in traveling, prefer to taste variety of liqueurs, which result in increased demand for liqueurs. Such factors are expected to boost the market for liqueurs during the forecast period.

Asia-Pacific has a wide range of liqueurs available in the market with, each one having its own characteristic tastes and flavors. The market has witnessed a significant growth due to increase in demand from countries, such as India and China. A considerable rise in the consumption of liqueurs has been observed in India owing to its growing youth population with preference for liqueurs. Changed lifestyles and consumer preferences have considerably boosted the adoption of liqueurs in Asia-Pacific. Furthermore, a significant rise in the number of working class individuals and increase in disposable incomes of the people in this region have favoured the adoption of premium and high-quality liqueurs. However, heavy taxation, increased health consciousness, and availability of substitute drinks are the key factors that hinder the growth of the market. Different types of liqueursincluding premium, mainstream, and economy contribute to the growth of the liqueurs industry worldwide.

The liqueurs industry has been segmented on the basis oftype, packaging, distribution channel, and region. Based on type, the market is dividedinto neutrals/bitters, creams, fruit flavored, and others. On the basis of packaging, the liqueurs market is divided into glass, PET bottle, metal can, and others.Based on distribution channel, the market is divided into convenience stores, on-premises, retailers, and supermarkets.Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Major companies have adopted agreement, product launch, expansion, and merger strategies to sustain the intense market competition. Key players profiled in the report include Bacardi Limited, Beam Suntory Inc., Brown-Forman Corporation, Diageo Plc, Davide Campari-Milano S.p.A., GirolamoLuxardoS.p.A, Lucas Bols B.V., Mast-Jägermeister SE, PernodRicard SA, and Remy Cointreau.

Other market players (not profiled in report) in the value chain include DeKuyper Royal Distillers, E. & J. Gallo Winery, Peel Liqueur, Sazerac Company, Stock Spirits Group, The Drambuie Liqueur, Terra Ltd., and CL World Brands Limited..

KEY BENEFITS FOR STAKEHOLDERS

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the liqueurs market analysis from 2021 to 2031 to identify the prevailing market opportunities.
The market research is offered along with information related to key drivers, restraints, and liqueurs market opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier–buyer network.
In-depth analysis of the liqueurs market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market industry.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global liqueurs market trends, key players, market segments, application areas, and liqueurs market growth strategies.

KEY MARKET SEGMENTS


By Type

Neutrals/Bitters
Creams
Fruit Flavored
Others

By Packaging

Glass
PET Bottle
Metal Can
Others

By Distribution Channel

Convenience Stores
On Premises
Retailers
Supermarkets

By Region

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Russia
Brazil
South Africa
Rest of LAMEA