The global spirits market is set to increase from USD 750.6 billion in 2023 to USD 1,019.0 billion by 2029, reflecting a CAGR of 5.3% over the 2024 to 2029 timeframe. Globally, the spirits market is being influenced by several key factors, including the premiumization trend, growing demand for craft spirits, and rising interest in health-conscious alternatives. As consumers become more discerning, there is a clear shift towards high-quality products, with a focus on artisanal distilleries, sustainable practices, and unique flavor profiles. At the same time, spirits brands are capitalizing on the burgeoning cocktail culture, with an increasing demand for ready-to-drink (RTD) cocktails and pre-mixed beverages. Additionally, the global trend towards wellness and moderation is driving the growth of low-alcohol and non-alcoholic spirits, as consumers seek to maintain a healthier lifestyle without sacrificing the drinking experience.
This report presents a detailed overview of the global spirits industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like product type, distribution channel and region. This detailed analysis supports the identification of growth opportunities within the spirits industry.
Market Segmentation
The global spirits market is structured as follows:
Product type: brandy and cognac, liqueurs, non-alcoholic spirits, rum, tequila and mezcal, whiskies, white spirits, others
Distribution channel: convenience stores, forecourt, supermarkets and hypermarkets, discounters, warehouse clubs, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, others
Region: Asia Pacific, Europe, Latin America, Middle East and Africa, North America
The segmentation of the global spirits market product type, distribution channel and region. By product type, the market includes brandy and cognac, liqueurs, non-alcoholic spirits, rum, tequila and mezcal, whiskies, white spirits, and others. Distribution channel segmentation includes convenience stores, forecourt, supermarkets and hypermarkets, discounters, warehouse clubs, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, and others. Geographically, the market is divided into Asia Pacific, Europe, Latin America, Middle East and Africa and North America.
Competitive Landscape
The report provides profiles of notable companies, including Yuyuan Inc., William Grant & Sons Ltd., The Edrington Group Limited, Thai Beverage Public Company Limited, Suntory Holdings Limited, Stock Spirits Group PLC, Sichuan Yibin Wuliangye Distillery Co. Ltd., Sichuan Jiannanchun Group Co. Ltd., Sazerac Company Inc., S.V.S. La Martiniquaise, Remy Cointreau Group, Radico Khaitan Limited (RKL), Pernod Ricard Group, Mast-Jagermeister SE, LVMH Moet Hennessy Louis Vuitton SA (LVMH), Luzhou Laojiao Co. Ltd., Lang Jiu Group, Kweichow Moutai Co. Ltd., Jiangsu Yanghe Distillery Co. Ltd., Jiangsu King’s Luck Brewery JSC Ltd., HITEJINRO CO. LTD., Heineken N.V., Heaven Hill Distilleries Inc., Fifth Generation Inc., Fenjiu Group, E. & J. Gallo Winery, Diageo plc, Davide Campari-Milano S.p.A., Brown-Forman Corporation, Beijing Shunxin Agriculture Company Limited, Becle S.A.B. de C.V., Bacardi Limited, Anhui Gujing Group Co. Ltd. and Allied Blenders and Distillers Pvt. Ltd. (ABD).
The report provides a detailed assessment of prominent companies within the spirits market, tracking their performance from 2019 to 2023. Insights reveal fluctuations in market share, highlighting both veteran leaders and emerging players.
Why Buy This Report?
Obtain precise statistical data and forecasts for the global spirits market.
Gain in-depth analysis and forecasts for the key segments of the global spirits market: product type, distribution channel and region.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the global spirits market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the global spirits market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Global Spirits Market – Product Type Analysis
Global Spirits Market – Distribution Channel Analysis
Global Spirits Market – Region Analysis
Key Players and Market Share
– Yuyuan Inc.
– William Grant & Sons Ltd.
– The Edrington Group Limited
– Thai Beverage Public Company Limited
– Suntory Holdings Limited
– Stock Spirits Group PLC
– Sichuan Yibin Wuliangye Distillery Co., Ltd.
– Sichuan Jiannanchun Group Co., Ltd.
– Sazerac Company, Inc.
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Global Spirits Market 2019-2029
Chart Global Spirits Market, Net Growth, 2019-2029
Chart Global Spirits Market, Growth Rates, 2019-2029
Table Global Spirits Market by Product Type, 2019-2029
Chart Global Spirits Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Global Spirits Market by Product Type, 2019-2029
Table Global Spirits Market by Distribution Channel, 2019-2029
Chart Global Spirits Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Global Spirits Market by Distribution Channel, 2019-2029
Table Global Spirits Market by Region, 2019-2029
Chart Global Spirits Market by Region, CAGR Historic and Forecast, 2019-2029
Chart Global Spirits Market by Region, 2019-2029
Table Global Spirits Market Share (%), by Companies, 2019-2023
Chart Global Spirits Market, by Companies, 2023
Table Global Spirits Market Share (%), by Brands, 2019-2023
Chart Global Spirits Market, by Brands, 2023
Table Global – Population (Millions) and Forecast
Table Global – Consumer Price Index (CPI) and Forecast
Table Global – Gross Domestic Product and Forecast
Table Global Spirits Market: Spend as a Proportion of GDP (%)
Table Global Spirits Market: Consumption per Capita (Population)
Companies Mentioned
Yuyuan Inc.
William Grant & Sons Ltd.
The Edrington Group Limited
Thai Beverage Public Company Limited
Suntory Holdings Limited
Stock Spirits Group PLC
Sichuan Yibin Wuliangye Distillery Co., Ltd.
Sichuan Jiannanchun Group Co., Ltd.
Sazerac Company, Inc.
S.V.S. La Martiniquaise
Remy Cointreau Group
Radico Khaitan Limited (RKL)
Pernod Ricard Group
Mast-Jagermeister SE
LVMH Moet Hennessy Louis Vuitton SA (LVMH)
Luzhou Laojiao Co., Ltd.
Lang Jiu Group
Kweichow Moutai Co., Ltd.
Jiangsu Yanghe Distillery Co., Ltd.
Jiangsu King’s Luck Brewery JSC Ltd.
HITEJINRO CO., LTD.
Heineken N.V.
Heaven Hill Distilleries Inc.
Fifth Generation, Inc.
Fenjiu Group
E. & J. Gallo Winery
Diageo plc
Davide Campari-Milano S.p.A.
Brown-Forman Corporation
Beijing Shunxin Agriculture Company Limited
Becle, S.A.B. de C.V.
Bacardi Limited
Anhui Gujing Group Co., Ltd.
Allied Blenders and Distillers Pvt. Ltd. (ABD)