Asia Pacific Spirits Market 2024

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Insights reveal that the Asia Pacific spirits market is set for a healthy expansion, with an anticipated growth of USD 120.6 billion, corresponding to a compound annual growth rate (CAGR) of nearly 5.9% from 2024 to 2029. In Asia Pacific, the spirits market is booming, driven by rapid urbanization, increasing disposable income, and an expanding middle class. China and India are witnessing a surge in demand for premium spirits, particularly whiskey, as the rising affluence of younger generations fuels interest in luxury and aspirational consumption. The region’s deep-rooted alcohol culture, combined with Western influence, is also contributing to the popularity of international spirits brands, especially in metropolitan areas. Moreover, the growing trend of cocktail culture in countries like Japan and South Korea is contributing to an uptick in spirits consumption. The rise of craft distilleries and local spirits is also gaining momentum, reflecting both a desire for cultural identity and increasing sophistication in consumer preferences.

This report provides a thorough assessment of the Asia Pacific spirits industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like product type, distribution channel and country. Through this detailed assessment, the report helps uncover the growth potential of the spirits industry.


Market Segmentation


The Asia Pacific spirits market is categorized into the following segments:
Product type: brandy and cognac, liqueurs, non-alcoholic spirits, rum, tequila and mezcal, whiskies, white spirits, others
Distribution channel: convenience stores, supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, others
Country: Australia, China, India, Indonesia, Japan, Philippines, South Korea, Thailand, Vietnam, others

The Asia Pacific market for spirits is divided based on product type, distribution channel and country. The categorization of the market by product type includes brandy and cognac, liqueurs, non-alcoholic spirits, rum, tequila and mezcal, whiskies, white spirits, and others. Distribution channel segmentation includes convenience stores, supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, and others. Geographically, the market spans Australia, China, India, Indonesia, Japan, Philippines, South Korea, Thailand, Vietnam and others.


Competitive Landscape


The market features leading players such as Yuyuan Inc., Thai Beverage Public Company Limited, Takara Holdings Inc., Suntory Holdings Limited, Sichuan Yibin Wuliangye Distillery Co. Ltd., Sichuan Jiannanchun Group Co. Ltd., Shaanxi Xifeng Liquor Co. Ltd., San Miguel Corporation, Radico Khaitan Limited (RKL), Pernod Ricard Group, LVMH Moet Hennessy Louis Vuitton SA (LVMH), Luzhou Laojiao Co. Ltd., Lotte Corporation, Lang Jiu Group, Kweichow Moutai Co. Ltd., Jing Brand Co. Ltd., Jiangsu Yanghe Distillery Co. Ltd., Jiangsu King’s Luck Brewery JSC Ltd., Inbrew Holdings Pte. Ltd., Hunan Jiugui Liquor Co. Ltd., HITEJINRO CO. LTD., Hebei Hengshui Laobaigan Liquor Co. Ltd., Fenjiu Group, Diageo plc, Beijing Shunxin Agriculture Company Limited, Asahi Group Holdings Ltd., Anhui Yingjia Distillery Co. Ltd., Anhui Kouzi Distillery Co. Ltd., Anhui Gujing Group Co. Ltd. and Allied Blenders and Distillers Pvt. Ltd. (ABD).

This comprehensive report analyzes the performance of leading companies in the spirits sector from 2019 to 2023. The findings highlight shifts in market share, revealing both established market leaders and emerging competitors.


Why Buy This Report?


Obtain precise statistical data and forecasts for the Asia Pacific spirits market.
Gain in-depth analysis and forecasts for the key segments of the Asia Pacific spirits market: product type, distribution channel and country.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Asia Pacific spirits market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Asia Pacific spirits market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
A single unlimited user license within the same organization, with no additional charges for extra users.


Table of Contents


TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Asia Pacific Spirits Market – Product Type Analysis
Asia Pacific Spirits Market – Distribution Channel Analysis
Asia Pacific Spirits Market – Country Analysis
Key Players and Market Share
– Yuyuan Inc.
– Thai Beverage Public Company Limited
– Takara Holdings Inc.
– Suntory Holdings Limited
– Sichuan Yibin Wuliangye Distillery Co., Ltd.
– Sichuan Jiannanchun Group Co., Ltd.
– Shaanxi Xifeng Liquor Co., Ltd.
– San Miguel Corporation
– Radico Khaitan Limited (RKL)

Macroeconomic Data and Forecast
Disclaimer

FIGURES AND TABLES
Table Asia Pacific Spirits Market 2019-2029
Chart Asia Pacific Spirits Market, Net Growth, 2019-2029
Chart Asia Pacific Spirits Market, Growth Rates, 2019-2029
Table Asia Pacific Spirits Market by Product Type, 2019-2029
Chart Asia Pacific Spirits Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Asia Pacific Spirits Market by Product Type, 2019-2029
Table Asia Pacific Spirits Market by Distribution Channel, 2019-2029
Chart Asia Pacific Spirits Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Asia Pacific Spirits Market by Distribution Channel, 2019-2029
Table Asia Pacific Spirits Market by Country, 2019-2029
Chart Asia Pacific Spirits Market by Country, CAGR Historic and Forecast, 2019-2029
Chart Asia Pacific Spirits Market by Country, 2019-2029
Table Asia Pacific Spirits Market Share (%), by Companies, 2019-2023
Chart Asia Pacific Spirits Market, by Companies, 2023
Table Asia Pacific Spirits Market Share (%), by Brands, 2019-2023
Chart Asia Pacific Spirits Market, by Brands, 2023
Table Asia Pacific – Population (Millions) and Forecast
Table Asia Pacific – Consumer Price Index (CPI) and Forecast
Table Asia Pacific – Gross Domestic Product and Forecast
Table Asia Pacific Spirits Market: Spend as a Proportion of GDP (%)
Table Asia Pacific Spirits Market: Consumption per Capita (Population)


Companies Mentioned


Yuyuan Inc.
Thai Beverage Public Company Limited
Takara Holdings Inc.
Suntory Holdings Limited
Sichuan Yibin Wuliangye Distillery Co., Ltd.
Sichuan Jiannanchun Group Co., Ltd.
Shaanxi Xifeng Liquor Co., Ltd.
San Miguel Corporation
Radico Khaitan Limited (RKL)
Pernod Ricard Group
LVMH Moet Hennessy Louis Vuitton SA (LVMH)
Luzhou Laojiao Co., Ltd.
Lotte Corporation
Lang Jiu Group
Kweichow Moutai Co., Ltd.
Jing Brand Co., Ltd.
Jiangsu Yanghe Distillery Co., Ltd.
Jiangsu King’s Luck Brewery JSC Ltd.
Inbrew Holdings Pte. Ltd.
Hunan Jiugui Liquor Co., Ltd.
HITEJINRO CO., LTD.
Hebei Hengshui Laobaigan Liquor Co., Ltd.
Fenjiu Group
Diageo plc
Beijing Shunxin Agriculture Company Limited
Asahi Group Holdings, Ltd.
Anhui Yingjia Distillery Co., Ltd.
Anhui Kouzi Distillery Co., Ltd.
Anhui Gujing Group Co., Ltd.
Allied Blenders and Distillers Pvt. Ltd. (ABD)


Product Type

Industry Statistics

Region

Asia Pacific

Published Date

2024

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