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

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

Cream liqueurs include dairy cream and the usual liquor in their ingredients. Cream liqueurs combine the taste of alcoholic beverages with the texture of the cream. Due to the higher sugar content, cream liqueurs tend to be thicker, syrupier, heavier, and sweeter than standard liqueurs.

Market Overview:

The latest research study on the global Cream Liqueur market finds that the global Cream Liqueur market reached a value of USD 1786.88 million in 2022. It’s expected that the market will achieve USD 2691.1 million by 2028, exhibiting a CAGR of 7.06% during the forecast period.

Cream liqueur is favored by more consumers

Cream liqueurs are more popular with consumers; cream liqueurs have a history dating back to the 70s, when they first appeared as an Irish delicacy. Since then, the cream liqueur has exploded in popularity and has since appeared worldwide.
Cream liqueur has a good mouthfeel. Cream liqueur is a versatile and delicious spirit. Cream liqueur has many ways of drinking and is welcomed by a large number of consumers. Cream liqueurs, for example, can be served straight, over the rocks, or used to give cocktails and mixed drinks richer flavors and finer textures. Cream liqueur can also be poured over ice cream or used as an ingredient in baking recipes. Cream liqueur is also used in coffee and hot chocolate for added sweetness.
Hence, high consumer demand for cream liqueurs is driving the industry.

Increase in downstream market demand

With the development of the economy, food service and drinking establishments continue to develop; bars, hotels, and restaurants have become important industries to promote economic growth, and these establishments have a large demand for various alcoholic beverages. There are a large number of bars, restaurants, and hotels in the global market to provide consumers with alcoholic products. For example, according to relevant data, as of 2023, there will be 69,485 bar and nightclub businesses in the United States, an increase of 1.5% over 2022. Meanwhile, the hotel industry continues to grow, with more than 700,000 hotels worldwide. Bars, hotels, and restaurants demand large quantities of cream liqueur, which is offered to consumers both as an ingredient in cocktails and as an after-dinner drink.
Hence, increasing demand in the downstream market is driving the growth of the cream liqueur industry.

Region Overview:

In 2022, the share of the Cream Liqueur market in Europe stood at 36.90%.

Company Overview:

Diageo (Baileys) is one of the major players operating in the Cream Liqueur market, holding a share of 56.68% in 2023.

Founded in 1997, Diageo is a British multinational alcoholic beverage company. Diageo has more than 200 brands and sales products in more than 180 countries/regions. The product portfolio is very wide, covering liquor and beer.

Distell Group Limited, commonly known as Distell. Distell is a South African-based global business producing and distributing a broad range of award-winning alcohol brands. Some of these brands include Amarula, Savanna, Hunter's Dry, Durbanville Hills and Nederburg.

Founded in 1933, E. & J. Gallo Winery is a family-owned business and a global leader in the wine and spirits industry. E. & J. Gallo Winery offers wines and spirits for every occasion. The company's product range includes Apothic, Barefoot Wine, Black Box, J Vineyards and Winery, La Marca Prosecco, Orin Swift, New Amsterdam Vodka, RumChata, High Noon, as well as partnerships with Allegrini, Argiano, The Dalmore, Diplomatico, Don Fulano and Grupo Montenegro.

Segmentation Overview:

By type, Above 15% ABV segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Family , with a market share of 62.76% in 2022.

Key Companies in the global Cream Liqueur market covered in Chapter 3:

Distell (Amarula)
Sazerac Company
Heaven Hill (Carolans)
DeKuyper Royal Distillers
Diageo (Baileys)
Terra Ltd.
Lucas Bols B.V.
Tequila Rose
Peel Liqueur
E. & J. Gallo Winery (RumChata)
BEHN (Dooley's)

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

7%-14.9% ABV
Above 15% ABV

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

Bar
Restaurant
Family
Hotel
Others

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)