The global distilled spirits market is estimated to grow at a CAGR of 3.3% during the forecast period. The global distilled spirits industry valued at $384.2 billion in 2018 and is estimated to reach $478.4 billion in 2025. There has been a gradual shift of consumers’ preference from beer and wine to spirits; as well as from illicit alcohol across Africa, which is a long-term trend. By volume, spirits are 53% of total alcoholic beverages, up from 48% in 2009. For instance, gin is a category benefiting from switching, starting in Europe and now accelerating in markets such as Australia, South Africa, and Brazil. In Brazil, consumer spend on the gin category has grown over 100% a year in the last five years. Due to this, the company has driven growth through the Tanqueray brand.
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The adoption of distilled spirits is being significantly driven by the rising purchasing power of consumers and increasing demand for beverages with natural flavors. The spirits sector is led by millennials and the young-age population who demand innovative and higher-end products. Therefore, the companies are adding natural flavors to improve the quality of the flavor of alcoholic drinks. Currently, there is a wide range of flavors available for use in spirits, beer, cider, and wine. Distilled spirits are flavored utilizing herbs, fruits, chocolates, botanicals and spices, to offer special taste in their alcoholic beverages and meet customers’ requirement. The increasing availability of distilled spirits with innovative natural flavors is leading to a significant range of options for consumers that allows consumers to opt for the alcoholic beverage of their choice.
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Market Segmentation
Global Distilled Spirits Market by Type
- Whiskey
- Vodka
- Rum
- Gin
- Tequila
- Brandy
- Others
Global Distilled Spirits Market by Distribution Channel
- Online
- Offline
Regional Analysis
North America
- US
- Canada
Europe
- UK
- Germany
- Spain
- Italy
- France
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the world
Company Profiles
- Anheuser-Busch InBev
- Asahi Group Holdings, Ltd.
- Bundaberg Brewed Drinks Pvt. Ltd.
- Carlsberg Breweries A/S
- Constellation Brands Inc.
- DGB (Pty) Ltd.
- Diageo PLC
- Halewood International, Ltd.
- Heineken Holding N.V.
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