Global Bitters Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Bitters Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Bitters is traditionally an alcoholic preparation flavored with botanical matter so that the end result is characterized by a bitter, sour, or bittersweet flavor. Numerous longstanding brands of bitters were originally developed as patent medicines, but now are sold as digestifs, sometimes with herbal properties, and cocktail flavorings.

Market Overview:

The latest research study on the global Bitters market finds that the global Bitters market reached a value of USD 12551.6 million in 2022. It’s expected that the market will achieve USD 15472.16 million by 2028, exhibiting a CAGR of 3.55% during the forecast period.

Region Overview:

Geographically, United States held the largest market share – 35.74% in 2022.

Segmentation Overview:

By type, Cocktail Bitters segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Restaurant Service segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Bitters market covered in Chapter 3:

Gruppo Campari
Unicum
Scrappy's Bitters
Stock Spirits Group PLC
Fratelli Branca
Kuemmerling KG
Pernod Ricard (Ramazzotti, Fernet Capri)
Angostura Bitters
Underberg AG
Gammel Dansk
Mast-Jagermeister

In Chapter 4 and Chapter 14.2, on the basis of types, the Bitters market from 2018 to 2029 is primarily split into:

Cocktail Bitters
Aperitif Bitters
Digestif Bitters
Medicinal Bitters

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Bitters market from 2018 to 2029 covers:

Restaurant Service
Retail Service

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)