Vietnam Spirits Market 2024

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The Vietnam spirits market is poised for remarkable growth, forecasted to jump from USD 906.8 million in 2023 to USD 1,770.8 million by 2029, reflecting a CAGR of 11.8% throughout the evaluation period. Vietnam’s spirits market is growing rapidly, spurred by an expanding middle class and rising disposable income. Whiskey, beer, and local spirits such as ruou are the most consumed alcoholic beverages in the country. The growing urbanization and an increasing young consumer base are driving demand for imported, premium spirits, particularly whisky and rum. Additionally, the rise of social drinking occasions, alongside an evolving drinking culture, is contributing to higher spirits consumption. The growing presence of international spirits brands and the burgeoning craft spirits segment is helping to diversify the market, making a wider range of options available to Vietnamese consumers.

The report provides a comprehensive analysis of the Vietnam spirits industry, presenting detailed market data including historical market size, growth rates, and future forecasts. It offers an in-depth examination of various market categories and subcategories, with a particular focus on key factors such as product type and distribution channel. The insights gained from this evaluation help reveal the growth potential within the spirits sector.


Market Segmentation


The segmentation of the Vietnam spirits market is outlined below:
Product type: brandy and cognac, liqueurs, 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

The segmentation of the Vietnam spirits market product type and distribution channel. The market is classified by product type into brandy and cognac, liqueurs, 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.


Competitive Landscape


Prominent players in the spirits market include William Grant & Sons Ltd., The Edrington Group Limited, SPI Group, Remy Cointreau Group, Pernod Ricard Group, Mast-Jagermeister SE, LVMH Moet Hennessy Louis Vuitton SA (LVMH), Lotte Corporation, HITEJINRO CO. LTD., Hanoi Beer Alcohol and Beverage Joint Stock Corporation (Habeco), Diageo plc, Chateau de Laubade, Camus la Grande Marque S.A., Bacardi Limited and Angostura Ltd.

This report presents an extensive analysis of major entities in the spirits market, focusing on their performance from 2019 to 2023. Findings showcase changes in market share, recognizing both long-standing leaders and new challengers.


Why Buy This Report?


Obtain precise statistical data and forecasts for the Vietnam spirits market.
Gain in-depth analysis and forecasts for the key segments of the Vietnam spirits market: 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 Vietnam spirits market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Vietnam 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
Vietnam Spirits Market – Product Type Analysis
Vietnam Spirits Market – Distribution Channel Analysis
Key Players and Market Share
– William Grant & Sons Ltd.
– The Edrington Group Limited
– SPI Group
– Remy Cointreau Group
– Pernod Ricard Group
– Mast-Jagermeister SE
– LVMH Moet Hennessy Louis Vuitton SA (LVMH)
– Lotte Corporation
– HITEJINRO CO., LTD.

Macroeconomic Data and Forecast
Disclaimer

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


Companies Mentioned


William Grant & Sons Ltd.
The Edrington Group Limited
SPI Group
Remy Cointreau Group
Pernod Ricard Group
Mast-Jagermeister SE
LVMH Moet Hennessy Louis Vuitton SA (LVMH)
Lotte Corporation
HITEJINRO CO., LTD.
Hanoi Beer Alcohol and Beverage Joint Stock Corporation (Habeco)
Diageo plc
Chateau de Laubade
Camus la Grande Marque S.A.
Bacardi Limited
Angostura Ltd.


Product Type

Industry Statistics

Region

Asia Pacific

Published Date

2024

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