Asia-Pacific Distilled Spirits Market Growth, Trends, Industry Perspective, Comprehensive Analysis Up To 2019–2025

The Asia-Pacific distilled spirits market is estimated to grow at a CAGR of 3.8% during the forecast period. The Asia-Pacific distilled spirits industry valued at $138.3 billion in 2018 and is estimated to reach $178.3 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 emerging economies. The adoption of distilled spirits is being significantly driven by the rising purchasing power of consumers and increasing demand for beverages with natural flavors.

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The presence of several distilled spirit manufacturers includes Remy Cointreau SA, Pernod-Ricard SA, Brown-Forman Corp., Diageo plc, Marie Brizard Wine & Spirits, Lapostolle SA, Constellation Brands Inc.,

The increasing disposable income, growing acceptance of alcoholic beverages in social circles, and inclining consumer preference toward premium varieties of spirits is expected to result in gradual growth in favor of premium brands. Distilled spirits consist of brown spirits such as whiskey, rum, and brandy; and white spirits such as gin, vodka, and white rum. Imported alcoholic beverages are consumed less than locally manufactured brands in some countries such as India and Australia. The imported brands are mostly preferred by the rich and upper-middle-class in urban cities and are also popular among young professionals and entrepreneurs. Thus, the increasing demand for imported bands by these individuals is further expected to contribute to the growth of the Asia-Pacific distilled spirits market in the near future.

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The presence of several distilled spirit manufacturers includes Remy Cointreau SA, Pernod-Ricard SA, Brown-Forman Corp., Diageo plc, Marie Brizard Wine & Spirits, Lapostolle SA, Constellation Brands Inc., and Berentzen-Gruppe AG among others is further anticipated to make a significant contribution to the growth of the distilled spirit market. These major market players are constantly focusing on new product launches and widening their product lines to remain competitive in the market. For instance, in April 2019, Diageo along with Jiangsu Yanghe Distillery Co. Ltd. announced the launch of two new whiskeys that are specially crafted by master blenders and distillers from China and Scotland, which will help the company to expand its products offerings in the alcoholic beverage.

Asia-Pacific Distilled Spirits Market Segmentation

Asia-Pacific Distilled Spirits Market by Type

• Whiskey
• Vodka
• Rum
• Gin
• Tequila
• Brandy
• Others

Asia-Pacific Distilled Spirits Market by Distribution Channel

• Online
• Offline

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