Spirits in Singapore
SummarySpirits in Singapore 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 Singaporean spirits market recorded revenues of $1,838.5 million in 2024, representing a compound annual growth rate (CAGR) of 8.4% between 2019–24.
- Market consumption volume increased with a CAGR of 5.8% between 2019–24, reaching a total of 12.3 million liters in 2024.
- The Singaporean spirits market registered strong growth during 2019–24, primarily driven by Singapore’s affluent, urban, and cosmopolitan population continued to drink more premium and diverse spirit products, supported by rising disposable incomes, a vibrant hospitality and nightlife scene, and its position as a regional hub for both business and tourism.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the spirits market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the spirits market in Singapore
- 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 Singapore spirits market with five year forecasts by both value and volume
Reasons To Buy
- What was the size of the Singapore spirits market by value in 2024?
- What will be the size of the Singapore spirits market in 2029?
- What factors are affecting the strength of competition in the Singapore spirits market?
- How has the market performed over the last five years?
- Who are the top competitors in Singapore's spirits market?
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