Global Spirits
SummaryGlobal Spirits industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The spirits market consists of the sale of whiskey, vodka, brandy, liqueurs, rum, gin & genever, and others. The scope of others includes tequila & mezcal, local spirits, and non - alcoholic spirits drinks.
- The global spirits market recorded revenues of $589,512.3 million in 2024, representing a negative compound annual growth rate (CAGR) of 2.4% between 2019–24.
- Market consumption volumes declined with a negative CAGR of 1.1% between 2019–24, reaching a total of 23,584.2 million liters in 2024.
- The contraction of the global spirits market during 2019–24 as domestic production and sales volumes of spirits declined across the region such as Asia-Pacific and Europe, as overall consumption patterns change, with younger and more health-conscious consumers drinking less strong liquor and more diverse, lighter alcoholic alternatives, while traditional banquet and gifting occasions that used to drive high-end spirits have diminished under cultural and economic pressures.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the spirits market in the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global spirits market
- Leading company profiles reveal details of key spirits market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Global spirits market with five year forecasts by both value and volume
Reasons To Buy
- What was the size of the Global spirits market by value in 2024?
- What will be the size of the Global spirits market in 2029?
- What factors are affecting the strength of competition in the Global spirits market?
- How has the market performed over the last five years?
- Who are the top competitors in the global's spirits market?
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