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Spirits (Distilleries) Market Report Explored In Latest Research 2020–2030 | Covid 19 Impact and Recovery | TBRC Reports
Spirits (Distilleries) Market
The global spirits (distilleries) market is expected to grow from $142 billion in 2019 to $149 billion in 2020 at a compound annual growth rate (CAGR) of 5%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 10% from 2021 and reach $195.3 billion in 2023.
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The spirits (distilleries) market consists of sales of potable liquors, ethyl alcohol, grain alcohol and spirits by entities (organizations, sole traders and partnerships) that distil and blend liquors. The companies in the distilleries industry process raw materials into potable liquors, ethyl alcohol, grain alcohol and spirits, package and distribute them through various distribution channels to both individual customers and commercial establishments.
Micro-distilled/artisan spirits is increasingly becoming popular in many developed and developing countries. Micro-distilled or artisan spirits are liquors that use local ingredients that give alcohol a unique flavor. Major alcohol companies are expected to purchase craft distillers, wineries, breweries and brands to capitalize on the demand for artisan spirits. According to the American Distilling Institute (ADI), in 2005 there were only 50 craft distillers compared to over 600 in 2013.
Spirits (Distilleries) Market Segmentation:
By Type
1.Whiskey
2.Vodka
3.Rum
4.Tequila
5.Gin and Others - Spirits (Distilleries)
By Distribution Channel
1.0Off-Trade Channels
2.On-Trade Channels
By Category
1.Mass
2.Premium
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Spirits (Distilleries) Market Characteristics
4. Spirits (Distilleries) Market Product Analysis
5. Spirits (Distilleries) Market Supply Chain
...
21. Key Mergers And Acquisitions In The Spirits (Distilleries) Market
22. Market Background: Alcoholic - Beverages Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
The report covers the trends and market dynamics of the spirits (distilleries) market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the spirits (distilleries) market are United Spirits Ltd (A Diageo Company), United Breweries Ltd (UB), Radico Khaitan Ltd, Globus Spirits Ltd, GM Breweries Ltd
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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