Global Spirits Market Growth 2023-2029

Global Spirits Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Spirits Industry Forecast” looks at past sales and reviews total world Spirits sales in 2022, providing a comprehensive analysis by region and market sector of projected Spirits sales for 2023 through 2029. With Spirits sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Spirits industry.

This Insight Report provides a comprehensive analysis of the global Spirits landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Spirits portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Spirits market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Spirits and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Spirits.

The global Spirits market size is projected to grow from US$ 230420 million in 2022 to US$ 266040 million in 2029; it is expected to grow at a CAGR of 266040 from 2023 to 2029.

Spirits industry has low technology barrier and is labor intensive industry. Currently, there are many producing companies in the world spirits industry. The main market players are Diageo, Pernod Ricard, Brown Forman, Bacardi Limited and LVMH, with about 14% market shares.

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.

Market Segmentation:

Segmentation by type

Brandy

Tequila

Liquor and Spirits(Baijiu)

Rum

Vodka

Whisky

Others

Segmentation by application

Household Application

Commercial Application

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

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

Patrón

Key Questions Addressed in this Report

What is the 10-year outlook for the global Spirits market?

What factors are driving Spirits market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Spirits market opportunities vary by end market size?

How does Spirits break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.