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Published: May, 2019 | Pages:
75 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)
The global white spirits market size is expected to reach USD 67.6 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 4.0% over the forecast period. Increasing cocktail consumption as well as improved standard of living in countries, such as China and India, are the key factors responsible for the growth of the market. Growing population at a global level, coupled with rising per capita income, have induced consumers with aspirational drinking among the cosmopolitan consumers. Increasing acceptance of shim drinks focusing on lower-alcohol content is driven majorly by millennials on account of choosing premium products of spirits and cocktails. Premiumization is expected to be a prominent trend influencing the alcohol market, particularly in the market of Europe. The market of Europe, particularly in U.K., witnessed growing demand for gin spirits, whereas surge in demand for vodka was observed in North America, particularly in U.S. Consumer preference for fruit flavored alcohol is witnessing a surge in the vodka spirit market. In June 2018, Pernod Ricard brand Absolut introduced flavored drinks from fruit juice and Licor 43 launched its new line extension made from coffee. Key industry players are striving for product innovation and new product launches as consumers are focusing on the ingredients of alcoholic drinks. For instance, in March 2019, White Claw Hard Seltzer launched a limited-edition variant of alcoholic seltzer. Asia Pacific held the largest market share and is expected to grow due to improving living standards and increasing per capita income, especially in China and India. Moreover, growing population in the region with more number of younger population will fuel the industry expansion over the coming years. Further key findings from the study suggest:: • In terms of revenue, the gin product segment is projected to exhibit a CAGR of 3.7% over the forecast period. Vodka dominated the global market with 60.4% share of the overall revenue in 2018 • Asia Pacific dominated the global market in 2018 and constituted 28.7% share of the overall revenue • The market is anticipated to witness growth due to increasing consumption of vodka in countries such as U.S., India, and China • On-trade distribution channel is expected to witness the highest growth over the forecast period due to higher penetration of clubs, bars, and brews • The industry is highly competitive in nature and is marked by the presence of companies such as Diageo plc; Remy Cointreau; Bacardi Limited; Pernod Ricard; Beam Suntory, Inc.; and The Brown-Forman • Various manufacturers are concentrating on new product launches and inclusion of fruit flavor.
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Snapshot
Chapter 3. White Spirits Market Variables, Trends & Scope
3.1. Market Segmentation & Scope
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Raw Material Outlook
3.5. Regulatory Framework
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.7. Industry Analysis - Porter's Five Forces
3.8. PESTEL Analysis
Chapter 4. White Spirits Market: Product Estimates & Trend Analysis
4.1. Product Movement Analysis & Market Share, 2018 & 2025
4.2. Vodka
4.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
4.2.2. Market estimates and forecast, by region, 2015 - 2025 (USD Billion)
4.3. Rum
4.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
4.3.2. Market estimates and forecast, by region, 2015 - 2025 (USD Billion)
4.4. Gin
4.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
4.4.2. Market estimates and forecast, by region, 2015 - 2025 (USD Billion)
4.5. Others
4.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
4.5.2. Market estimates and forecast, by region, 2015 - 2025 (USD Billion)
Chapter 5. White Spirits Market: Distribution Channel Estimates & Trend Analysis
5.1. Distribution Channel Movement Analysis & Market Share, 2018 & 2025
5.2. On-Trade
5.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
5.2.2. Market estimates and forecast, by region, 2015 - 2025 (USD Billion)
5.3. Off-Trade
5.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
5.3.2. Market estimates and forecast, by region, 2015 - 2025 (USD Billion)
Chapter 6. White Spirits Market: Regional Estimates & Trend Analysis
6.1. Regional Movement Analysis & Market Share, 2018 & 2025
6.2. North America
6.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
6.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
6.2.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
6.2.4. U.S.
6.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
6.2.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
6.2.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
6.3. Europe
6.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
6.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
6.3.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
6.3.4. U.K.
6.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
6.3.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
6.3.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
6.4. Asia Pacific
6.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
6.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
6.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
6.4.4. China
6.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
6.4.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
6.4.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
6.4.5. India
6.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
6.4.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
6.4.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
6.5. Central & South America
6.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
6.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
6.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
6.5.4. Brazil
6.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
6.5.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
6.5.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
6.6. Middle East & Africa (MEA)
6.6.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
6.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
6.6.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
Chapter 7. Competitive Landscape
7.1. Vendor Landscape
7.2. Competitive Environment
7.3. Company Market Positioning
7.4. Strategy Framework
Chapter 8. Company Profiles
8.1. Diageo plc
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Remy Cointreau
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Bacardi Limited
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Pernod Ricard
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Beam Suntory, Inc.
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Radico Khaitan
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. Stock Spirits Group
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Hite Jinro Co Ltd
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. Constellation Brands Inc
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. MIGUEL TORRES SA
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
List of Tables 1. White spirits - Key market driver analysis 2. White spirits - Key market restraint analysis 3. Global vodka white spirits market estimates and forecast, 2015 - 2025 (USD Billion) 4. Global rum white spirits market estimates and forecast, 2015 - 2025 (USD Billion) 5. Global gin white spirits market estimates and forecast, 2015 - 2025 (USD Billion) 6. Global others white spirits market estimates and forecast, 2015 - 2025 (USD Billion) 7. Global white spirits market estimates and forecast in on-trade distribution channel, 2015 - 2025 (USD Billion) 8. Global white spirits market estimates and forecast in off-trade distribution channel, 2015 - 2025 (USD Billion) 9. North America white spirits market estimates and forecast, 2015 - 2025 (USD Billion) 10. North America white spirits market revenue by product, 2015 - 2025 (USD Billion) 11. North America white spirits market revenue by distribution channel, 2015 - 2025 (USD Billion) 12. U.S. white spirits market estimates and forecast, 2015 - 2025 (USD Billion) 13. U.S. white spirits market revenue by product, 2015 - 2025 (USD Billion) 14. U.S. white spirits market revenue by distribution channel, 2015 - 2025 (USD Billion) 15. Europe white spirits market estimates and forecast, 2015 - 2025 (USD Billion) 16. Europe white spirits market revenue by product, 2015 - 2025 (USD Billion) 17. Europe white spirits market revenue by distribution channel, 2015 - 2025 (USD Billion) 18. U.K. white spirits market estimates and forecast, 2015 - 2025 (USD Billion) 19. U.K. white spirits market revenue by product, 2015 - 2025 (USD Billion) 20. U.K. white spirits market revenue by distribution channel, 2015 - 2025 (USD Billion) 21. Asia Pacific white spirits market estimates and forecast, 2015 - 2025 (USD Billion) 22. Asia Pacific white spirits market revenue by product, 2015 - 2025 (USD Billion) 23. Asia Pacific white spirits market revenue by distribution channel, 2015 - 2025 (USD Billion) 24. China white spirits market estimates and forecast, 2015 - 2025 (USD Billion) 25. China white spirits market revenue by product, 2015 - 2025 (USD Billion) 26. China white spirits market revenue by distribution channel, 2015 - 2025 (USD Billion) 27. India white spirits market estimates and forecast, 2015 - 2025 (USD Billion) 28. India white spirits market revenue by product, 2015 - 2025 (USD Billion) 29. India white spirits market revenue by distribution channel, 2015 - 2025 (USD Billion) 30. Central & South America white spirits market estimates and forecast, 2015 - 2025 (USD Billion) 31. Central & South America white spirits market revenue by product, 2015 - 2025 (USD Billion) 32. Central & South America white spirits market revenue by distribution channel, 2015 - 2025 (USD Billion) 33. Brazil white spirits market estimates and forecast, 2015 - 2025 (USD Billion) 34. Brazil white spirits market revenue by product, 2015 - 2025 (USD Billion) 35. Brazil white spirits market revenue by distribution channel, 2015 - 2025 (USD Billion) 36. MEA white spirits market estimates and forecast, 2015 - 2025 (USD Billion) 37. MEA white spirits market revenue by product, 2015 - 2025 (USD Billion) 38. MEA white spirits market revenue by distribution channel, 2015 - 2025 (USD Billion)
List of Figures 1. White spirits market snapshot 2. White spirits market segmentation & scope 3. White spirits market penetration & growth prospect mapping 4. White spirits value chain analysis 5. White spirits market dynamics 6. White spirits market Porter's analysis 7. White spirits market PESTEL analysis 8. White spirits market: Product movement analysis 9. White spirits market: Application movement analysis 10. White spirits market: Regional movement analysis
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