Grand View Research’s white spirits industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.
Access the Global White Spirits Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies.
Vodka Market Report Highlights
The global vodka market size was estimated to reach USD 40.25 billion in 2030 and is expected to expand at a CAGR of 5.6% over the forecast period. Millennials have accounted for a significant percentage of alcohol drinkers in the recent past and this trend is anticipated to continue over the forecast period.
• Non-Flavored segment held the largest share of over 65% in 2022. The demand for non-flavored vodka can be attributed to the growth in health consciousness which encourages the consumption of alcohol made with natural ingredients
• On-Trade segment held a significant market share of more than 67% in 2022. The growth of the segment can be attributed to the growing number of pubs and expanding hospitality industry
• Europe is expected to register a significant CAGR of 5.8% during the forecast period. The rising demand for premium vodka and the growing cocktail culture are the key drivers for the growth of the vodka market in the region.
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Rum Market Report Highlights
The global rum market size is expected to reach USD 16.08 billion by 2028, registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc.
• The offline trading segment accounted for the highest share of over 75% of the global revenue in 2021 and is expected to grow significantly over the forecast period due to greater customer inclination toward supermarkets/hypermarkets
• The dark and golden rum segment contributed the largest share of over 45% of the global revenue in 2021 owing to the growing demand for the type from millennials
• Asia Pacific accounted for the largest market share of over 40% of the global revenue in 2021, primarily due to the increasing urban population, rise in disposable income, and rising popularity of spirits among the younger generation
• North America is estimated to be the fastest-growing market from 2022 to 2028, owing to the presence of a large number of global producers, rising demand for premium spirits, and increased consumption of flavored and spiced spirits in cocktails
Gin Market Report Highlights
The gin market is witnessing tremendous change as many distilleries are emerging in different parts of the world. This shift can be attributed to a big increment in the drinking habit of young adults and millennials who highly prefer the alcoholic drink−gin. While there are manifold choices within the alcoholic beverage industry, like beer, wine, and spirits, gin has captured significant focus, especially in foreign markets. Interesting trends within the gin beverages market include enthusiastic exploration of innovative and varied drink options. Therefore, demand for gin cocktails is rising.
Go through the table of content of White Spirits Industry Data Book to get a better understanding of the Coverage & Scope of the study.
Competitive Landscape
Key players operating in the White Spirits Industry are –
• Diageo plc
• Rémy Cointreau
• Bacardi Limited
• Pernod Ricard
• Beam Suntory, Inc.
• Radico Khaitan
• Stock Spirits Group
• Hite Jinro Co Ltd
• Constellation Brands Inc
• MIGUEL TORRES SA
• Brown‑Forman
• Proximo Spirits, Inc.
• Distell Limited
• Suntory Beverage and & Food Limited
• Alberta Distillers, LTD
• William Grant & Sons
• San Miguel Food and Beverage, Inc.
• DESI DARU LTD
• AMBER BEVERAGE GROUP
• JACOB RIEGER & CO.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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