Dark Spirits Market Update 2024: Predicted to Achieve US$ 149.6 Billion Revenue by 2032 - IMARC Group

According to IMARC Group's latest report, titled "Dark Spirits Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.' offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

How Big is the Dark Spirits Market?

The global dark spirits market size reached US$ 95.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 149.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.99% during 2024-2032.

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What is Dark Spirits?

Dark spirits are distilled alcoholic beverages that are aged and produced in barrels for the desired coloring. It is commonly available in whiskey, rum, brandy, scotch and cognac variants that are infused with fermented ingredients, such as grapes, sugarcane molasses, wheat and barleycorn. It is stored in recycled barrels to enhance the texture and flavor. Dark spirits are a rich source of antioxidants that can aid in preventing infections and maintaining warm body temperatures. They are widely served across restaurants, hotels, microbreweries, cafes, pubs and bars on special occasions, events and parties.

Dark Spirits Market Trends:

The global dark spirits market is primarily being driven by the increasing preference for premium alcoholic beverages among the masses, especially millennials. In line with this, the rising number of distilleries that offer a variety of dark spirits-based experimental cocktails is also providing a thrust to the market growth. Various product innovations, such as the launch of genetically modified organisms (GMO)- and additive-free and organic and botanical flavored variants, are favoring the market growth. Other factors, including extensive promotional activities by product manufacturers on social media platforms, along with the increasing expenditure capacities of the consumers, are creating a positive outlook for the market.

Dark Spirits Market 2024-2032 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the dark spirits market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Anheuser-Busch InBev SA/NV
• Asahi Group Holdings ltd.
• Bacardi Limited
• Brown-Forman Corporation
• Diageo plc
• Kirin Brewery Company Limited
• LT Group Inc
• Pernod Ricard
• Rémy Cointreau
• Suntory Holdings Limited (Kotobuki Realty Co. Ltd.).

Key Market Segmentation:

The report has segmented the dark spirits market on the basis of fuel type, distribution channel and region.

Breakup by Type:

• Whiskey
• Rum
• Brandy

Breakup by Distribution Channel:

• On Trade
• Off Trade

Breakup by Application:

• Bars
• Restaurants
• Pubs
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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