Spirits are alcoholic beverages produced by distillation of a mixture produced from alcoholic fermentation. This process purifies it and removes diluting components like water, for the purpose of increasing its proportion of alcohol content.
Market Analysis and Insights: Global Spirits Market
Due to the COVID-19 pandemic, the global Spirits market size is estimated to be worth US$ 235540 million in 2021 and is forecast to a readjusted size of US$ 271200 million by 2028 with a CAGR of 2.0% during the forecast period 2022-2028.
Spirits industry has low technology barrier and is labor intensive industry. Currently, there are many producing companies in the world spirits industry. The main market players are Diageo, Pernod Ricard, Brown Forman, Bacardi Limited and LVMH, with about 14% market shares.
Global Spirits Scope and Market Size
The global Spirits market is segmented by region (country), company, by Type and by Application. Players, stakeholders, and other participants in the global Spirits market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
Brandy
Tequila
Liquor and Spirits(Baijiu)
Rum
Vodka
Whisky
Others
Segment by Application
Household Application
Commercial Application
By Company
Diageo
Pernod Ricard
Brown Forman
Bacardi Limited
LVMH
Beam Suntory
William Grant & Sons
Remy Cointreau
The Edrington Group
Kweichow Moutai Group
Wuliangye
Yanghe Brewery
Daohuaxiang
Luzhou Laojiao
Jose Cuervo
Patrón
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E