Distilled Spirits Market, By Product Type (Whiskey, Vodka, Rum, Gin, Tequila, Brandy, Others), By Distribution Channel (Supermarkets, Hypermarkets, Specialty Stores, Drug Stores, Online, Others), By Region (North America, Latin America, Europe, Middle Eas

Distilled Spirits Market, By Product Type (Whiskey, Vodka, Rum, Gin, Tequila, Brandy, Others), By Distribution Channel (Supermarkets, Hypermarkets, Specialty Stores, Drug Stores, Online, Others), By Region (North America, Latin America, Europe, Middle East, Africa, Asia Pacific)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

The Global Distilled Spirits Market was valued at US$ 30.5 Billion in 2022 and is expected to expand at a CAGR of 4.89% in terms of revenue and market value is expected to reach US$ 44.7 Billion during 2023-2030.

Distilled spirits are referred to as alcoholic beverages and are manufactured by the distillation of fruits, vegetables, or grains after they have gone through the fermentation process. The distillation process helps remove the diluting component such as water and increases the alcohol content in the beverage. Distilled spirits are alcoholic beverage that contains at least 20% alcohol by volume (ABV), including whiskey, vodka, rum, gin, tequila, brandy, and others. Wine, cider, and beer are not considered distilled spirits owing to the low alcohol content by volume in these beverages (less than 10%).

Market Dynamics

The rising number of young population worldwide is considered the major driver for the distilled spirits market. Furthermore, the rising demand for super-premium and premium whiskey coupled with the rising disposable income of the consumers is another factor aiding the global growth of this market.

Asia Pacific dominated the distilled spirits market in 2021. It is expected to project the fastest growth in the global distilled spirits market during the forecast period, owing to the steadily growing demand for these beverages from countries including China and India. In addition to this, the increasing population, rising living standard, substantial growth in disposable income, and the inclination of the young generation towards the western culture, are the factors, aiding the growth of this market.

Europe is the second large region in distilled spirit market. This is majorly due to the increasing young or adult demographic in the region with France being the leading market for alcoholic beverages and followed by Germany, Italy, UK, and others. The high consumption of alcoholic beverages in countries including Estonia, Belarus, and Lithuania is further supporting the growth of distilled spirits market in the region.

Key features of the study:

• This report provides in-depth analysis of the distilled spirits market, market size (US$ Billion), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2023-2030).
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, pipeline products, regional outlook, and competitive strategy adopted by the leading players.
• It profiles leading players in the global distilled spirits market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics.
• The global distilled spirits market report caters to various stakeholders in this industry, including investors, product developers, distributors, healthcare companies, research institutes, medical devices companies, new entrants, and financial analysts.
• Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the distilled spirits market.

Detailed Segmentation:

• Global Distilled Spirits Market, By Product:
• Whiskey
• Vodka
• Rum
• Gin
• Tequila
• Brandy
• Others
• Global Distilled Spirits Market, By Distribution Channel:
• Supermarkets
• Hypermarkets
• Specialty Stores
• Drug Stores
• Online
• Others
• Global Distilled Spirits Market, By Region:
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Italy
• France
• Spain
• Russia
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• ASEAN
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Africa
• North Africa
• Central Africa
• South Africa
• Middle East
• GCC
• Israel
• Rest of Middle East
• Company Profiles
• Diageo plc*
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• Pernod-Ricard SA
• Constellation Brands Inc
• Brown-Forman Corporation
• Remy Cointreau SA
• Marie Brizard Wine & Spirits
• Lapostolle SA
• Berentzen-Gruppe AG

“*” marked represents similar segmentation in other categories in the respective section.