According to BlueWeave Consulting, the Global Liquor Market is projected to grow at a significant rate during the forecast period. The Global Liquor Market was valued at a rate of $1,439 billion in 2018 and is expected to reach the valuation of $1,684 billion by the year 2025, registering a steady growth rate of CAGR of 2.0% during the forecast period 2019 to 2025.
Liquor market: competitive landscape
Major players in the Global Liquor Market includes prominent names like Marston’s Plc, Stock Spirits Group, Hite Jinro Co Ltd, The Wine Group Inc, Constellation Brands Inc, Gruppo Campari, Amvyx SA and Miguel Torres SA, Diageo Plc, Remy Cointreau, Bacardi Limited, Pernod Ricard, Brown-Forman, Radico Khaitan, Suntory Spirits Ltd, among others.
The distilled spirits segment from the type section is expected to hold a major share in the Global Liquor Market during the forecast period
The distilled spirits segment represented more than 33% of the global liquor market share. Regarding volume, this fragment held roughly 28% offer in the general market, credited to increment in premium/ too premium bourbon utilization and the demand shift, which includes the move from beer to refined spirits, for example, rum, bourbon, vodka, and others. Therefore, this section is foreseen to give high solidness as far as to request alongside noteworthy degree of profitability for the partners, attributable to its high development rate and huge income contribution.
The supermarket segment from the distribution section is expected to hold a major share in the Global Liquor Market during the forecast period
The number of supermarkets is on a consistent increase in practically all significant urban areas, with quick urbanization in different rising economies. Also, accessibility of items requiring little to no cost and availability to a wide assortment of mixed liquor accessible in general stores fuel the development of this portion. Besides, high permeability and alluring combination of mixed drinks, increment in extra cash of purchasers alongside changes in inclinations toward premium items help the development of this distribution section.
Scope of the Report
- Distilled Spirits
- Beer, Wine
By Distribution Channel
- Convenience Stores
- Liquor Stores
- Internet Retailing
- Grocery Shops
- North America
- Asia Pacific
- Latin America
- Middle East & Africa