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

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

Distilled Spirits is a variety of alcoholic beverages with higher ethanol concentration than the original fermentation products. Whiskey, vodka, rum, gin, tequila, brandy, etc. are all distilled spirits, and most of them are strong spirits with higher degrees. The making process is brewing first, then distilling and then cooling, and finally the alcohol solution drink with high degree is obtained.

Market Overview:

The latest research study on the global Distilled Spirits market finds that the global Distilled Spirits market reached a value of USD 448416.28 million in 2022. It’s expected that the market will achieve USD 591369.84 million by 2028, exhibiting a CAGR of 4.72% during the forecast period.

The government relaxed the sales policy of distilled spirits

The epidemic has had a serious impact on the global economy and all walks of life. With the global economic downturn, various countries began to formulate economic recovery plans to promote local economic development through the development of distilled spirits industry. Compared with large enterprises, small and medium-sized distilled spirits enterprises have weaker ability to cope with risks, and the overall industrial chain is not perfect, which is easy to be affected. In order to improve the ability of small and medium-sized enterprises to cope with risks, various countries began to relax their sales policies on the distilled spirits industry. Wyoming lawmakers are considering allowing the shipment of Wyoming-made spirits across state lines as a part of a package of bills allowing greater flexibility for the state’s small distillers amid mounting economic challenges brought on by COVID-19. Members of the Legislature’s Joint Committee on Corporations, Elections and Political Subdivisions voted almost unanimously to draft legislation allowing multiple retail licenses and the potential sale of the products over state lines: two solutions distillers hope could help recuperate revenues that were lost as a result of the pandemic. Relaxation of the control of distilled spirits sales by governments in various countries will promote the development of distilled spirits industry.

Growing Market

Europe and North America are important market in the global Distilled Spirits market. North America is the largest market, with the value market share was 31.24% of the global market in 2019. In 2019, the Europe value market share was 22.92% of the global market, ranking third. Major Distilled Spirits companies are mainly from Europe and North America. In the next few years, the popularity and surge in demand of Distilled Spirits are expected to promote the development of Distilled Spirits industry. In developed countries, Distilled Spirits can mix various cocktails, and the wine culture and bar culture in developed countries are also very popular. The development of new Distilled Spirits and the popular wine culture in Europe and America will promote the growth of the demand of Distilled Spirits industry. Europe and North America are the growth markets of Distilled Spirits industry.

The Development of Network Media

The demand for distilled spirits is increasing, and the conventional distilled spirits can no longer meet the needs of customers. Major companies have developed more kinds of distilled spirits, and distilled spirits can be blended with various cocktails, so the demand for distilled spirits in bars, restaurants and other business places is relatively large. With the introduction of new products, more and more Internet users, convenient access methods, fast-paced lifestyle, availability, convenience and e-commerce options are expected to promote the growth of distilled spirits industry through online media.

Region Overview:

North America is projected to account for a considerable share of the Distilled Spirits market and is expected to become the largest region by 2027.

Company Overview:

Diageo is one of the major players operating in the Distilled Spirits market, holding a share of 3.94% in 2022.

Diageo

Diageo is a global leader in alcoholic beverages, and has an outstanding brand collection in spirits and beer. Diageo’s products are sold in more than 180 countries and our brands include Johnnie Walker, Crown Royal, Buchanan’s and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and Guinness.

Kweichow Moutai

Kweichow Moutai is well-known for Chinese National Liquor in Kweichow Province, China. It has long history in liquor brewing, and popular as the Moutai-flavor liquor worldwide. Kweichow Moutai focuses on Maotai-flavor wine, brewing, international trade and spirits.

Segmentation Overview:

By type, Whiskey segment accounted for the largest share of market in 2021.

Whiskey

Whiskey is a kind of strong distilled spirits brewed from barley and other grains, which is aged in oak barrels for many years and blended into about 43 degrees.

Vodka

Vodka is a traditional alcoholic beverage in Russia. Vodka wine is made of grain or potato as raw material, which is distilled into 95% alcohol, then diluted to 40-60% with distilled water, and filtered by activated carbon, which makes the wine more crystal clear, colorless, light and refreshing, and makes people feel not sweet, bitter and astringent, but only stimulated like flames, forming unique characteristics of Vodka wine. Vodka is one of the most flexible, adaptable and adaptable wines among various base wines for preparing cocktails.

Rum

Rum, a distilled spirit produced from sugarcane molasses, originated in Cuba, and tastes sweet and fragrant. Rum is made by fermenting and distilling sugar juice pressed from sugar cane.

Gin

Gin was first produced in the Netherlands and became famous after being mass-produced in the UK. It is the world's largest type of spirits. The main raw materials are barley malt, barley and juniper berries. Gin wine is fragrant, colorless and transparent, fresh and refreshing, and can be drunk alone or blended with cocktails, and it is an indispensable wine in blending cocktails.

Tequila

Tequila is the national wine of Mexico and is called the soul of Mexico. This wine is a distilled spirit made from agave by distillation. Tequila is often used as base wine to make various cocktails.

Brandy

Brandy is a kind of distilled spirits, which is made from fruits by fermentation, distillation and storage.

Application Overview:

By application, the Supermarkets & Hypermarkets segment occupied the biggest share from 2017 to 2022.

Supermarkets & Hypermarkets

Supermarkets & Hypermarkets is large-scale retail store, which operates in a modern way, strives for efficient logistics, and achieves small profits but quick turnover, which is usually a chain store. Generally, there are a large number of goods of different brands, prices and types in the store, which are arranged in an orderly manner, so that customers can buy all the goods they need in the same store. People can buy Distilled Spirits at Supermarkets & Hypermarkets.

Specialty Stores

Specialty Stores is a retail format that specializes in or authorizes a major brand of goods (manufacturer brand and middlemen brands). Stores specializing in the sale of Distilled Spirits can purchase Distilled Spirits.

Online Stores

Online Stores is a typical organization form of electronic retail business, and it is a shopping mall built on the Internet. Customers can shop from their computers at home, merchants can sell products and services, and reduce the cost of maintaining the actual store management and sales. The price of Online Stores is lower than the traditional business model, and there are more choices of Distilled Spirits. Goods can be delivered to customer’s door, which is convenient and quick.

Convenience Stores

Convenience Stores is located in the vicinity of residential areas, which refers to the small-scale retail stores that mainly operate instant goods and take convenience needs as the first purpose, and adopt the optional shopping method. Convenience Stores is a way of selling Distilled Spirits.

Key Companies in the global Distilled Spirits market covered in Chapter 3:

Diageo
Remy Cointreau
Brown-Forman
La Martiniquaise
Beam Suntory
Kweichow Moutai
Marie Brizard Wine & Spirits
LVMH
Pernod Ricard
Constellation Brands
Edrington
Bacardi
William Grant & Sons

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

Whiskey
Vodka
Rum
Gin
Tequila
Brandy

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

Supermarkets & Hypermarkets
Specialty Stores
Online Stores
Convenience Stores

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)