openPR Logo
Press release

Distilled Spirits Market to Witness Growth Acceleration by 2031/ Anheuser-Busch InBev, Asahi Group Holdings, Ltd., Bundaberg Brewed Drinks Pvt. Ltd.

04-17-2024 12:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Distilled Spirits Market to Witness Growth Acceleration

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. 

The adoption of distilled spirits is being significantly driven by the rising purchasing power of consumers and increasing demand for beverages with natural flavours. 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 flavour of alcoholic drinks. Currently, there is a wide range of flavours available for use in spirits, beer, cider, and wine. Distilled spirits are flavoured 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 flavours is leading to a significant range of options for consumers that allows consumers to opt for the alcoholic beverage of their choice.

To Request a Sample of our Report on Distilled Spirits Market:  https://www.omrglobal.com/request-sample/distilled-spirits-market

 Distilled Spirits Market Segmentation

By Type

Whiskey
Vodka
Rum
Gin
Tequila
Brandy
Others

By Distribution Channel

Online
Offline

A full Report of Distilled Spirits Market is Available @  https://www.omrglobal.com/industry-reports/distilled-spirits-market

Regional Analysis

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

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.
Kirin Holdings Co. Ltd.
Kweichow Moutai Co., Ltd.
Molson Coors Brewing Co.
Pernod Ricard S.A.
SABMiller PLC
Suntory Holdings, Ltd.
Thai Beverage PLC
The Boston Beer Company, Inc.
Tsingtao Beer (H.K.) Trading Co., Ltd.
United Breweries, Ltd.
Wuliangye Yibin Co., Ltd.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Distilled Spirits Market to Witness Growth Acceleration by 2031/ Anheuser-Busch InBev, Asahi Group Holdings, Ltd., Bundaberg Brewed Drinks Pvt. Ltd. here

News-ID: 3467141 • Views: …

More Releases from Orion Market Research

Advanced Analytics Market Size Report Predicts Healthy Growth with Demand & Forecasts by 2024-2031
Advanced Analytics Market Size Report Predicts Healthy Growth with Demand & Fore …
The global advanced analytics market is anticipated to grow at a considerable CAGR of 21.8% during the forecast period. The healthcare sector is expected to grow during the forecast period due to increasing utilization and demand for advanced analytics. Healthcare analytics is a critical section of analysis that mostly focuses on contribution insights into costs, hospital management, diagnoses, patient records, and numerous other data. This field comprises every segment of…
Anomaly Detection Market Size Report Predicts Healthy Growth with Demand & Forecasts by 2024-2031
Anomaly Detection Market Size Report Predicts Healthy Growth with Demand & Forec …
The global anomaly detection market is anticipated to grow at a considerable CAGR of 15.8% during the forecast period. The key players across the globe are launching new platforms with improving capabilities supporting the anomaly detection market over the forecast period. For instance, in February 2022, Zenoss Inc., a leader in AI-driven full-stack monitoring, announced a major update to existing anomaly detection capabilities for preventing outages in modern IT environments. To…
Augmented Analytics Market Size Report Predicts Healthy Growth with Demand & Forecasts by 2024-2031
Augmented Analytics Market Size Report Predicts Healthy Growth with Demand & For …
The global augmented analytics market is anticipated to grow at a substantial CAGR of 30.8% during the forecast period. The major factor driving the global augmented analytics market demand includes rising integration of technology elements by various organizations for managing and operating several business processes. This has led to the creation of extensive amounts of data, which contains substantial information. Storing and gaining knowledge from such data is a topic…
Cloud Accounting Service Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031
Cloud Accounting Service Market Size, Trends, Latest Insights, Analysis and Fore …
The global cloud accounting service market is anticipated to grow at a CAGR of 9.8% during the forecast period. The growth of the market is attributed to the factors including acquisitions, collaborations, and product launches adopted by the key market players. For instance, in March 2023, Focus Softnet launched FocusLyte, a new accounting software which is a cloud-based system that assists in handling company's invoices and payments. The software is…

All 5 Releases


More Releases for Distilled

The Endoscope Repair Market to Get Digitally Distilled
The Endoscope Repair Market is all set to go great guns in the forecast period. Big data makes way for real-time data visualization, thereby identifying the high-risk populations. Healthcare organizations are into sharing more data. This creation and collection of bigger datasets are likely to increase precision and help organizations in spotting trends. These trends are expected to keep the entire healthcare vertical on the toes. Increasing demand for endoscopic procedures,…
Distilled Tall Oil (DTO) Market 2022 | Detailed Report
The Distilled Tall Oil (DTO) research report undoubtedly meets the strategic and specific needs of the businesses and companies. The report acts as a perfect window that provides an explanation of market classification, market definition, applications, market trends, and engagement. The competitive landscape is studied here in terms of product range, strategies, and prospects of the market's key players. Furthermore, the report offers insightful market data and information about the…
The Neuroscience Market to Get Digitally Distilled
The Neuroscience Market is slated to grow unstoppably in the years to come. The healthcare providers are, of late, making way for more specialized and timely treatment through same-day surgeries, outpatient surgeries, and likewise. ASCs (Ambulatory Surgical Centers) are preferred over conventional hospital settings. As such, cost-effective medical services could be provided. This type of customization is expected to take the healthcare vertical by storm in the future. With healthy CAGR…
Drinking Distilled Water Market Growth 2020-2025
GLOBAL INFO RESEARCH added a new research report to its exhaustive repository. The research report, titled [Global and China Drinking Distilled Water Market 2020 by Manufacturers, Type and Application, Forecast to 2025], presents an unbiased approach at understanding the market trends and dynamics. Analysts have studied the historical data pertaining to the market and compared it to the current market trends to paint an object picture of the market's trajectory. The…
Distilled Monoglycerides Market Intelligence Report Offers Growth Prospects
Distilled Monoglycerides Market: Introduction Distilled monoglycerides are made of glycerol and a fatty acid chain and are produced by biological or industrial chemical processes. They are used as emulsifiers to blend ingredients such as oily materials and water. Distilled monoglycerides are utilized in many areas including desserts, dairy products, baked foods, gum, oils and others. A wide variety of food products contain monoglycerides, such as margarine, nut butters, mayonnaise, frozen meals,…
US Distilled Liquor Market, 2025
IndexBox has just published a new report "U.S. Distilled Liquor, Excluding Brandy Market. Analysis And Forecast to 2025" ( http://www.indexbox.co.uk/store/us-distilled-liquor-excluding-brandy-market-analysis-and-forecast-to-2020?utm_source=opr ). This report is best suitable for you if you: • Are planning to enter a new geographical market and wish to know which one is best for your product • Are planning to enter a new product market and want to have a detailed overview of the market before entering • Already work…