Anticipated growth in the Hong Kong spirits market stands at USD 78.9 million, with an expected compound annual growth rate (CAGR) of approximately 2.6% during the period spanning 2024 to 2029. Hong Kong’s spirits market is influenced by its position as an international hub for trade and tourism, which fosters a strong demand for premium and luxury spirits. Whisky, gin, and rum are popular categories, with growing interest in rare and collectible brands. The city’s vibrant nightlife and sophisticated cocktail culture contribute to higher spirits consumption, with younger consumers seeking out unique experiences and higher-end products. Hong Kong also serves as a gateway to Mainland China, and the growing wealth of Chinese consumers is expected to drive continued demand for premium spirits.
The report delivers an in-depth analysis of the Hong Kong spirits industry, offering extensive market data such as historical market size, growth trajectories, and forward-looking projections. It thoroughly examines key market categories and subcategories, emphasizing critical elements like product type, category and distribution channel. By offering this detailed analysis, the report assists in uncovering the untapped potential of the spirits market.
Market Segmentation
The following outlines the segmentation of the Hong Kong spirits market:
Product type: brandy and cognac, liqueurs, non-alcoholic spirits, rum, tequila and mezcal, whiskies, white spirits, others
Category: craft, non-craft
Distribution channel: convenience stores, supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, others
The spirits market in the Hong Kong is segmented by product type, category and distribution channel. In terms of product type, the market is segmented into brandy and cognac, liqueurs, non-alcoholic spirits, rum, tequila and mezcal, whiskies, white spirits, and others. Category segments are divided into craft, and non-craft. Distribution channel segmentation includes convenience stores, supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, and others.
Competitive Landscape
The spirits market is highly competitive, with key companies profiled in this report, including William Grant & Sons Ltd., The Edrington Group Limited, Suntory Holdings Limited, SPI Group, Sazerac Company Inc., S.V.S. La Martiniquaise, Remy Cointreau Group, Pernod Ricard Group, LVMH Moet Hennessy Louis Vuitton SA (LVMH), HITEJINRO CO. LTD., Diageo plc, Brown-Forman Corporation, Bacardi Limited and Asahi Group Holdings Ltd.
This report delivers an in-depth examination of leading companies in the spirits sector, analyzing their performance from 2019 to 2023. The results indicate changes in market share, emphasizing both established leaders and new entrants.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Hong Kong spirits market.
Gain in-depth analysis and forecasts for the key segments of the Hong Kong spirits market: product type, category and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Hong Kong spirits market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Hong Kong 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
Hong Kong Spirits Market – Product Type Analysis
Hong Kong Spirits Market – Category Analysis
Hong Kong Spirits Market – Distribution Channel Analysis
Key Players and Market Share
– William Grant & Sons Ltd.
– The Edrington Group Limited
– Suntory Holdings Limited
– SPI Group
– Sazerac Company, Inc.
– S.V.S. La Martiniquaise
– Remy Cointreau Group
– Pernod Ricard Group
– LVMH Moet Hennessy Louis Vuitton SA (LVMH)
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Hong Kong Spirits Market 2019-2029
Chart Hong Kong Spirits Market, Net Growth, 2019-2029
Chart Hong Kong Spirits Market, Growth Rates, 2019-2029
Table Hong Kong Spirits Market by Product Type, 2019-2029
Chart Hong Kong Spirits Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Hong Kong Spirits Market by Product Type, 2019-2029
Table Hong Kong Spirits Market by Category, 2019-2029
Chart Hong Kong Spirits Market by Category, CAGR Historic and Forecast, 2019-2029
Chart Hong Kong Spirits Market by Category, 2019-2029
Table Hong Kong Spirits Market by Distribution Channel, 2019-2029
Chart Hong Kong Spirits Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Hong Kong Spirits Market by Distribution Channel, 2019-2029
Table Hong Kong Spirits Market Share (%), by Companies, 2019-2023
Chart Hong Kong Spirits Market, by Companies, 2023
Table Hong Kong Spirits Market Share (%), by Brands, 2019-2023
Chart Hong Kong Spirits Market, by Brands, 2023
Table Hong Kong – Population (Millions) and Forecast
Table Hong Kong – Consumer Price Index (CPI) and Forecast
Table Hong Kong – Gross Domestic Product and Forecast
Table Hong Kong Spirits Market: Spend as a Proportion of GDP (%)
Table Hong Kong Spirits Market: Consumption per Capita (Population)
Companies Mentioned
William Grant & Sons Ltd.
The Edrington Group Limited
Suntory Holdings Limited
SPI Group
Sazerac Company, Inc.
S.V.S. La Martiniquaise
Remy Cointreau Group
Pernod Ricard Group
LVMH Moet Hennessy Louis Vuitton SA (LVMH)
HITEJINRO CO., LTD.
Diageo plc
Brown-Forman Corporation
Bacardi Limited
Asahi Group Holdings, Ltd.