Projected 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-state’s vibrant nightlife scene, paired with an increasing number of international cocktail bars and luxury lounges, is driving demand for premium and artisanal spirits. Additionally, Singapore’s status as a regional hub for tourism and international business is boosting the market for high-end spirits, as both locals and visitors seek out premium whisky, gin, and rum options. The rise of health-conscious drinking, with the growing demand for low-alcohol and non-alcoholic alternatives, is also contributing to the market’s evolution.
The report delivers an in-depth analysis of the Singapore 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, product type 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 Singapore spirits market:
Product type: brandy and cognac, liqueurs, non-alcoholic spirits, rum, tequila and mezcal, whiskies, white spirits, others
Product type: craft, non-craft
Distribution channel: convenience stores, supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, others
The Singapore market for spirits is divided based on product type, product type 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. Product type categories include 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
Within the competitive landscape, significant companies profiled in the report include William Grant & Sons Ltd., The Edrington Group Limited, Suntory Holdings Limited, SPI Group, Remy Cointreau Group, Pernod Ricard Group, LVMH Moet Hennessy Louis Vuitton SA (LVMH), Lucas Bols B.V., Lotte Corporation, HITEJINRO CO. LTD., Diageo plc, Coolpotions Pte. Ltd., Choya Umeshu Co. Ltd., Brown-Forman Corporation, Becle S.A.B. de C.V., 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 Singapore spirits market.
Gain in-depth analysis and forecasts for the key segments of the Singapore spirits market: product type, product type and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Singapore spirits market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Singapore 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
Singapore Spirits Market – Product Type Analysis
Singapore Spirits Market – Product Type Analysis
Singapore Spirits Market – Distribution Channel Analysis
Key Players and Market Share
– William Grant & Sons Ltd.
– The Edrington Group Limited
– Suntory Holdings Limited
– SPI Group
– Remy Cointreau Group
– Pernod Ricard Group
– LVMH Moet Hennessy Louis Vuitton SA (LVMH)
– Lucas Bols B.V.
– Lotte Corporation
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Singapore Spirits Market 2019-2029
Chart Singapore Spirits Market, Net Growth, 2019-2029
Chart Singapore Spirits Market, Growth Rates, 2019-2029
Table Singapore Spirits Market by Product Type, 2019-2029
Chart Singapore Spirits Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Singapore Spirits Market by Product Type, 2019-2029
Table Singapore Spirits Market by Product Type, 2019-2029
Chart Singapore Spirits Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Singapore Spirits Market by Product Type, 2019-2029
Table Singapore Spirits Market by Distribution Channel, 2019-2029
Chart Singapore Spirits Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Singapore Spirits Market by Distribution Channel, 2019-2029
Table Singapore Spirits Market Share (%), by Companies, 2019-2023
Chart Singapore Spirits Market, by Companies, 2023
Table Singapore Spirits Market Share (%), by Brands, 2019-2023
Chart Singapore Spirits Market, by Brands, 2023
Table Singapore – Population (Millions) and Forecast
Table Singapore – Consumer Price Index (CPI) and Forecast
Table Singapore – Gross Domestic Product and Forecast
Table Singapore Spirits Market: Spend as a Proportion of GDP (%)
Table Singapore Spirits Market: Consumption per Capita (Population)
Companies Mentioned
William Grant & Sons Ltd.
The Edrington Group Limited
Suntory Holdings Limited
SPI Group
Remy Cointreau Group
Pernod Ricard Group
LVMH Moet Hennessy Louis Vuitton SA (LVMH)
Lucas Bols B.V.
Lotte Corporation
HITEJINRO CO., LTD.
Diageo plc
Coolpotions Pte. Ltd.
Choya Umeshu Co., Ltd.
Brown-Forman Corporation
Becle, S.A.B. de C.V.
Bacardi Limited
Asahi Group Holdings, Ltd.