Arak Market worth $1.47 billion by 2030, growing at a CAGR of 4.39% - Exclusive Report by 360iResearch

The "Arak Market by Raw Material (Aniseed, Dates, Dried Flowers, Herbs and Fruits), Alcohol Content (31% to 45%, 46% to 70%, Above 70%), Distribution Channel - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Arak Market to grow from USD 1.09 billion in 2023 to USD 1.47 billion by 2030, at a CAGR of 4.39%.

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Arak is an alcoholic beverage traditionally made in the Middle East, particularly in countries such as Lebanon, Syria, Iran, and Iraq. It is a clear, unsweetened, distilled spirit that is usually derived from dates, grapes, or other fruits. Arak is typically distilled twice and then infused with aniseed for flavor and is mostly enjoyed by people throughout the region on special occasions and has several health benefits owing to its natural ingredients. The arak is experiencing a surge in popularity, with a growing interest in traditional and craft beverages. Consumers increasingly seek unique and culturally significant drinks, leading to a rise in the demand for arak. Additionally, the international trade activities surrounding arak have expanded, facilitating its distribution and accessibility in global markets. This increased trade has allowed arak to reach a broader audience and cater to the growing interest in Middle Eastern alcoholic beverages. Furthermore, new production technologies bring advancements to the traditional manufacturing process to enhance the production efficiency and quality of arak, leading to improved products for consumers. Simultaneously, there is a growing emphasis on brand building within the arak as producers diversify their offerings by incorporating new flavors and ingredients into arak and focusing on brand building. Moreover, the Arak market is facing challenges due to the fluctuating cost of raw materials and the easy availability of substitute products. Arak producers need to carefully navigate these factors by managing costs effectively and implementing strategies to differentiate arak from other alcohol spirits and emphasize its unique qualities to maintain consumer preference and its easy availability.

The Arak market in the Americas is a niche, driven by Middle Eastern communities. The U.S., Canada, and Mexico have a presence of Iranian, Lebanese, and Syrian communities showing interest in arak. Arak brands such as Razzouk and Gantous & Abou Raad are preferred, although limited branding and awareness hinder market penetration. Furthermore, in the APAC, there is a growing interest in arak and Middle Eastern alcoholic beverages among certain communities and establishments in the region. Australia has witnessed a rise in the availability and consumption of arak, particularly in cities with diverse culinary scenes and a growing interest in international spirits. However, in cosmopolitan cities with diverse populations and culinary scenes, such as Singapore, Hong Kong, and Dubai, it is possible to find arak in specialty liquor stores or establishments that cater to international spirits. Moreover, the geographic landscape of arak in the EMEA region is diverse, with significant variations in arak production, consumption, and availability across different countries. It is deeply rooted in the Middle Eastern drinking culture and is primarily consumed in countries such as Lebanon, Syria, Iran, and Iraq. Countries such as Germany, France, and the United Kingdom have also witnessed a growing demand for arak, often driven by consumers exploring unique spirits from around the world. The availability and consumption of arak in different countries within the EMEA region can vary, and it is often influenced by factors such as cultural ties, diaspora communities, and international trade.

Market Segmentation & Coverage:

This research report categorizes the Arak Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Raw Material, market is studied across Aniseed, Dates, Dried Flowers, Herbs and Fruits, and Grapes. The Aniseed commanded largest market share of 25.03% in 2023, followed by Grapes.

Based on Alcohol Content, market is studied across 31% to 45%, 46% to 70%, Above 70%, and Less than 30%. The 31% to 45% commanded largest market share of 39.03% in 2023, followed by 46% to 70%.

Based on Distribution Channel, market is studied across Distilleries, Duty-free Stores, Liquor Stores, Online Retailers, and Restaurants & Bars. The Restaurants & Bars commanded largest market share of 36.56% in 2023, followed by Distilleries.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 68.97% in 2023, followed by Asia-Pacific.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Arak Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Arak Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Arak Market, highlighting leading vendors and their innovative profiles. These include Arak Fakra, Bandesh Wine & Spirits, Chateau Ksara, Domaine des Tourelles, Domaine Wardy, Eagle Distilleries, Evaton Inc., Haddad Distilleries, Iberian Coppers Lda, Karam Wines, Kawar, LAC Products, Lebanese Fine Wines Ltd., Massaya, Miami Arak, Muaddi Craft Distillery, Ltd., RIACHI, Victor Kosher Wine, VOS Selections, and Zumot.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Arak Market, by Raw Material
7. Arak Market, by Alcohol Content
8. Arak Market, by Distribution Channel
9. Americas Arak Market
10. Asia-Pacific Arak Market
11. Europe, Middle East & Africa Arak Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Arak Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Arak Market?
3. What is the competitive strategic window for opportunities in the Arak Market?
4. What are the technology trends and regulatory frameworks in the Arak Market?
5. What is the market share of the leading vendors in the Arak Market?
6. What modes and strategic moves are considered suitable for entering the Arak Market?

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