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Alcoholic DrinksVietnam Spirits Market 2024
$275 Add to cartProjected for swift expansion, the Vietnam spirits market is anticipated to grow from USD 906.8 million in 2023 to USD 1,770.8 million by 2029, with a strong CAGR of 11.8% over the period from 2024 to 2029. Vietnam’s spirits market is growing rapidly, spurred by an expanding middle class and rising disposable income. Whiskey, beer,…
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Uzbekistan Spirits Market 2024
$275 Add to cartThe Uzbekistan spirits market is set to increase from USD 1,033.8 million in 2023 to USD 1,686.6 million by 2029, reflecting a CAGR of 8.5% over the 2024 to 2029 timeframe. Uzbekistan’s spirits market is evolving with a growing interest in premium products driven by a rising middle class and increasing exposure to global alcoho…
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Thailand Spirits Market 2024
$275 Add to cartThe Thailand spirits market is poised for gradual expansion, anticipated to grow by USD 1.3 billion with a compound annual growth rate (CAGR) of around 3.5% throughout the 2024 to 2029 forecast period. Thailand’s spirits market is experiencing growth due to the country’s vibrant tourism sector and the increasing number of urban, middle-class consumers. Whiske…
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Taiwan Spirits Market 2024
$325 Add to cartThe Taiwan spirits market is projected to contract by USD 0.0 billion by the end of 2029, indicating a compound annual growth rate (CAGR) of -0.3%. Taiwan’s spirits market, once buoyed by a growing appreciation for international whiskey and craft spirits, is now facing challenges that could lead to a slowdown in the near future…
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South Korea Spirits Market 2024
$275 Add to cartAnticipated trends indicate that the South Korea spirits market will achieve incremental growth of USD 4.6 billion, translating to a compound annual growth rate (CAGR) of around 5.4% during the forecast period of 2024 to 2029. In South Korea, the spirits market is being propelled by the increasing popularity of Western-style spirits, particularly whiskey, vodka,…
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Singapore Spirits Market 2024
$325 Add to cartProjected to undergo a minor increase, the Singapore spirits market size is anticipated to grow from USD 1,763.7 million in 2023 to USD 2,206.0 million by 2029, reflecting a CAGR of 3.8% from 2024 to 2029. Singapore’s spirits market is fueled by a high-income, cosmopolitan population and a growing affinity for premium products. The city-s…
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Philippines Spirits Market 2024
$275 Add to cartThe Philippines spirits sector is poised for a dynamic growth phase, anticipating an increase of USD 1.9 billion and a compound annual growth rate (CAGR) of approximately 7.7% from 2024 to 2029. The spirits market in the Philippines is buoyed by a strong cultural affinity for alcohol, particularly rum and whiskey. The growth of the mi…
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Pakistan Spirits Market 2024
$275 Add to cartBolstered by favorable market conditions, the Pakistan spirits sector is anticipated to see a significant rise of USD 203.5 million, marking a CAGR of nearly 12.8% during the forecast window. Pakistan’s spirits market faces challenges due to the country’s strict alcohol regulations, but demand for illicit alcohol remains high, particularly in urban areas. The market…
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Malaysia Spirits Market 2024
$325 Add to cartThe Malaysia spirits market is set to increase from USD 742.9 million in 2023 to USD 1,308.9 million by 2029, reflecting a CAGR of 9.9% over the 2024 to 2029 timeframe. In Malaysia, the spirits market is experiencing growth driven by a rising middle class and a greater appreciation for international alcoholic beverages. Whiskey and ru…
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Kazakhstan Spirits Market 2024
$275 Add to cartForecasts highlight a favorable growth outlook for the Kazakhstan spirits market, with a projected increase of USD 1.4 billion and a compound annual growth rate (CAGR) close to 9% through 2029. Kazakhstan’s spirits market is being supported by a combination of traditional consumption patterns and growing interest in Western beverages. Vodka remains the most popula…
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Japan Spirits Market 2024
$325 Add to cartThe latest estimates indicate that the Japan spirits market is expected to experience modest growth, with an incremental increase of USD 1.7 billion. This growth is projected to occur at a compound annual growth rate (CAGR) of approximately 1.5% during the forecast period from 2024 to 2029. In Japan, the spirits market is being driven…
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Indonesia Spirits Market 2024
$325 Add to cartThe Indonesia spirits market is set for explosive growth, projected to climb from USD 442.4 million in 2023 to USD 863.9 million by 2029, achieving a remarkable CAGR of 11.8% over the 2024-2029 period. Indonesia’s spirits market is witnessing growth, driven by the younger demographic’s changing consumption habits and an increasing openness to Western lifest…
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