Forecasted to grow at a moderate pace, the Malaysia spirits market size is expected to reach USD 1,308.9 million by 2029, up from USD 742.9 million in 2023, resulting in a CAGR of 9.9%. In Malaysia, the spirits market is experiencing growth driven by a rising middle class and a greater appreciation for international alcoholic beverages. Whiskey and rum are gaining popularity among the younger demographic, particularly in urban centers. The growing focus on premium spirits, coupled with the increase in social drinking occasions and the nightlife scene in cities like Kuala Lumpur, is expected to drive further growth. Additionally, the expanding tourism industry and the rise of mixology culture are fostering demand for spirits, with more people seeking out unique and sophisticated drinking experiences.
The report delivers an in-depth analysis of the Malaysia 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 Malaysia spirits market:
Product type: brandy and cognac, liqueurs, rum, tequila and mezcal, whiskies, white spirits, others
Category: craft, non-craft
Distribution channel: supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, others
The segmentation of the Malaysia spirits market product type, category and distribution channel. By product type, the market is categorized into brandy and cognac, liqueurs, rum, tequila and mezcal, whiskies, white spirits, and others. Category segments encompass craft, and non-craft. Distribution channel segmentation includes supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, and others.
Competitive Landscape
In examining the competitive landscape, key players in the spirits market include William Grant & Sons Ltd., The Edrington Group Limited, Thai Seng Liquor Sdn. Bhd., Suntory Holdings Limited, Remy Cointreau Group, Pernod Ricard Group, LVMH Moet Hennessy Louis Vuitton SA (LVMH), Lotte Corporation, 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 Malaysia spirits market.
Gain in-depth analysis and forecasts for the key segments of the Malaysia 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 Malaysia spirits market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Malaysia 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
Malaysia Spirits Market – Product Type Analysis
Malaysia Spirits Market – Category Analysis
Malaysia Spirits Market – Distribution Channel Analysis
Key Players and Market Share
– William Grant & Sons Ltd.
– The Edrington Group Limited
– Thai Seng Liquor Sdn. Bhd.
– Suntory Holdings Limited
– Remy Cointreau Group
– Pernod Ricard Group
– LVMH Moet Hennessy Louis Vuitton SA (LVMH)
– Lotte Corporation
– HITEJINRO CO., LTD.
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Malaysia Spirits Market 2019-2029
Chart Malaysia Spirits Market, Net Growth, 2019-2029
Chart Malaysia Spirits Market, Growth Rates, 2019-2029
Table Malaysia Spirits Market by Product Type, 2019-2029
Chart Malaysia Spirits Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Malaysia Spirits Market by Product Type, 2019-2029
Table Malaysia Spirits Market by Category, 2019-2029
Chart Malaysia Spirits Market by Category, CAGR Historic and Forecast, 2019-2029
Chart Malaysia Spirits Market by Category, 2019-2029
Table Malaysia Spirits Market by Distribution Channel, 2019-2029
Chart Malaysia Spirits Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Malaysia Spirits Market by Distribution Channel, 2019-2029
Table Malaysia Spirits Market Share (%), by Companies, 2019-2023
Chart Malaysia Spirits Market, by Companies, 2023
Table Malaysia Spirits Market Share (%), by Brands, 2019-2023
Chart Malaysia Spirits Market, by Brands, 2023
Table Malaysia – Population (Millions) and Forecast
Table Malaysia – Consumer Price Index (CPI) and Forecast
Table Malaysia – Gross Domestic Product and Forecast
Table Malaysia Spirits Market: Spend as a Proportion of GDP (%)
Table Malaysia Spirits Market: Consumption per Capita (Population)
Companies Mentioned
William Grant & Sons Ltd.
The Edrington Group Limited
Thai Seng Liquor Sdn. Bhd.
Suntory Holdings Limited
Remy Cointreau Group
Pernod Ricard Group
LVMH Moet Hennessy Louis Vuitton SA (LVMH)
Lotte Corporation
HITEJINRO CO., LTD.
Diageo plc
Brown-Forman Corporation
Bacardi Limited
Asahi Group Holdings, Ltd.