Global Arak Market was valued at USD 0.1 Billion in 2022 and is projected to reach USD 0.15 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
The Arak Market, a traditional Middle Eastern alcoholic beverage, has experienced significant growth in recent years. As of 2024, the global market size reached USD 16.1 billion, with projections estimating it will reach USD 21.0 billion by 2033, reflecting a compound annual growth rate (CAGR) of 3% during the forecast period. This growth is driven by the increasing popularity of ethnic cuisines and the rising demand for unique, artisanal spirits.
Arak is a distilled spirit made from grapes and flavored with aniseed, giving it a distinct licorice-like taste. It holds cultural significance in countries such as Lebanon, Syria, Jordan, and Iraq, where it is often consumed during social gatherings and celebrations. The beverage's rich heritage and unique flavor profile have contributed to its expanding appeal beyond its traditional markets.
Several key factors are influencing the growth of the Arak market:
Craft and Artisanal Production: There is a resurgence of craft and artisanal production methods, with small-batch distilleries and traditional techniques contributing to the creation of high-quality Arak. This appeals to connoisseurs seeking authenticity and unique flavor profiles.
Innovation in Flavors and Blends: Distillers are experimenting with variations, introducing new flavors by infusing Arak with herbs, fruits, and spices, offering a contemporary twist to traditional recipes.
Global Market Expansion: Arak's appeal has transcended its regional boundaries, gaining recognition and acceptance in international markets. Increased exposure and demand from consumers curious about diverse alcoholic beverages contribute to the market's expansion beyond its Middle Eastern origins.
Despite its growth, the Arak market faces challenges such as limited international recognition and competition from other spirits. However, targeted marketing campaigns and expanding distribution channels to introduce the drink to new regions are expected to strengthen the market over the forecasted period.
In summary, the Arak market is evolving, blending tradition with innovation to cater to changing consumer preferences and global demand. As craft distilleries preserve traditional production methods while exploring new flavors and blends, Arak maintains its appeal to consumers seeking authentic cultural experiences and unique alcoholic beverages.
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Lebanese Arak Corporation
Abi Raad Group Sarl
Kawar Arak
Eagle Distilleries
Haddad Distilleries
Lebanese Fine Wines
Domaine des Tourelles
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Arak Market
Supermarket
Travel Retail
Liquor Shop
Bar/Pub
Based on Types the Market is categorized into Below types that held the largest Arak market share In 2023.
Obeidi or Merwah Grapes
Anise Seeds
Powder
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Arak Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Arak Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Arak Market, By Type
6. Global Arak Market, By Application
7. Global Arak Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Arak Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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