Opportunities in the Asia-Pacific Spirits Sector

Opportunities in the Asia-Pacific Spirits Sector

Summary

This report brings together multiple data sources to provide a comprehensive overview of the Asia-Pacific spirits sector. It includes market overview, high growth country analysis, top companies, key distribution channels, packaging formats and case studies.

The global spirits sector was valued at $783,457.1 million in 2021. The sector is expected to register a value CAGR of 6.5% during 2021-2026. The Asia-Pacific spirits sector was valued at $446,865.3 million in 2021 and it is forecast to reach $609,824.8 million in 2026, registering a CAGR of 6.4% during 2021-2026. In volume terms, this regional sector is expected to expand from 22,631.7 million liters in 2021 to 26,672.6 million liters in 2026 at a CAGR of 3.3%. Furthermore, the spirits sector in Asia-Pacific is highly consolidated, with the top five companies accounting for 18.1% of overall volume sales in 2020. Moreover, private labels accounted for a 4.9% share in 2020. On-premise was the leading distribution channel in the Asia-Pacific spirits sector in 2021, with a 32.7% volume share. Glass was the most used pack material in 2021, accounting for an 84.3% share in the Asia-Pacific spirits sector.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the Asia-Pacific spirits sector, analyzing data from 26 countries in the region. It includes analysis on the following -

• Market Environment: Includes sector size, market size, and growth analysis by category.
• High-Potential Countries’ Analysis: Indicates changing share of value consumption in the various spirits categories across high-potential countries in the Asia-Pacific region. It also provides Risk-Reward analysis of four countries across the Asia-Pacific region based on market assessment, economic development, sociodemographic trends, governance indicators, and technological infrastructure.
• Country Deep Dive: Provides overviews, demographic analysis, and key trends across high-potential countries.
• Success Stories: Provides some of the most compelling spirits manufacturers, brands, products, and marketing campaigns in the Asia-Pacific region. It also provides a better understanding of how a certain manufacturer achieved success in the sector, and insights.
• Competitive Environment: Provides an overview of leading companies in the Asia-Pacific region in 2020*, besides analyzing the growth of private label in the region.
• Distribution Analysis: Provides analysis on the leading distribution channels in the Asia-Pacific spirits sector in 2021. It covers hypermarkets & supermarkets, health & beauty stores, parapharmacies/drugstores, chemists/pharmacies, e-retailers, department stores, direct sellers, convenience stores, “dollar stores”, variety stores & general merchandise retailers, cash & carries and warehouse clubs, and other retailers.
• Packaging Analysis**: The report provides percentage share (in 2021) and growth analysis (during 2016-2026) for various pack materials, pack types, closures, and primary outer types based on the volume sales (by pack units) of spirits.
• Challenges and Future Outlook: Provides the challenges and future outlook pertaining to the Asia-Pacific spirits sector.

• Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region.
• The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances.
• The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, that can help companies in revenue expansion.
• To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.