Liqueurs Market to Witness Outstanding Growth of USD 163.4 Billion by 2032, at a CAGR of 2.5%

𝐆𝐥𝐨𝐛𝐚𝐥 𝐋𝐢𝐪𝐮𝐞𝐮𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬: 𝐔𝐒𝐃 𝟏𝟔𝟑.𝟒 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐕𝐚𝐥𝐮𝐞 𝐛𝐲 𝟐𝟎𝟑𝟐

𝐋𝐢𝐪𝐮𝐞𝐮𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

𝐒𝐮𝐦𝐦𝐚𝐫𝐲:

● The global liqueurs market size reached USD 128.1 Billion in 2023.
● The market is expected to reach USD 163.4 Billion by 2032, exhibiting a growth rate (CAGR) of 2.5% during 2024-2032.
● Region-wise, the market has been divided into North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
● Neutrals/bitters account for the majority of the market share in the type segment due to their essential role in a wide variety of classic and contemporary cocktails. 
● Glass holds the largest share in the liqueurs industry.
● Off-trade (hypermarkets and supermarkets, grocery stores, convenience stores, and others) remain a dominant segment in the market.
● The rise in a shift in consumer preferences towards premium and craft liqueurs is a primary driver of the liqueurs market.
● The increasing interest in mixology and cocktail culture is reshaping the liqueurs market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭:  https://www.imarcgroup.com/liqueurs-market/requestsample

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

● 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐏𝐨𝐩𝐮𝐥𝐚𝐫𝐢𝐭𝐲 𝐨𝐟 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐚𝐧𝐝 𝐂𝐫𝐚𝐟𝐭 𝐋𝐢𝐪𝐮𝐞𝐮𝐫𝐬

The shift in consumer preferences toward premium and craft liqueurs is driving market growth. Modern consumers seek high-quality, artisanal products that offer unique flavors and authentic experiences. This trend stems from a desire for sophistication and a willingness to pay more for superior taste and craftsmanship. Distilleries and brands are responding by innovating with exotic ingredients, traditional production methods, and limited-edition releases that cater to discerning palates. The rise of social media and influencer marketing amplifies the visibility of premium liqueurs, making them desirable status symbols. This trend not only boosts sales but also fosters brand loyalty, as consumers associate higher quality with better value.

● 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐨𝐟 𝐌𝐢𝐱𝐨𝐥𝐨𝐠𝐲 𝐚𝐧𝐝 𝐂𝐨𝐜𝐤𝐭𝐚𝐢𝐥 𝐂𝐮𝐥𝐭𝐮𝐫𝐞

The growing interest in mixology and cocktail culture is fueling market growth. As consumers explore creative ways to enjoy alcoholic beverages, liqueurs play a key role in crafting sophisticated and flavorful cocktails. The rise of cocktail bars, craft pubs, and home bartending drives demand for a wide range of liqueurs that offer versatility and distinct taste profiles. Educational platforms, such as online tutorials and mixology workshops, empower enthusiasts to experiment with different ingredients, increasing the use of various liqueurs. Collaborations between liqueur brands and renowned mixologists lead to innovative cocktail recipes that highlight the unique qualities of these spirits. This relationship enhances consumer engagement and drives sales as individuals seek to recreate their favorite drinks at home.

● 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐄-𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐚𝐧𝐝 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭𝐢𝐧𝐠 𝐂𝐡𝐚𝐧𝐧𝐞𝐥𝐬

The expansion of e-commerce and effective use of digital marketing channels are key factors boosting market growth. Online platforms provide consumers with convenient access to a wide range of liqueurs, overcoming geographical limitations and expanding market reach. The ease of online shopping, along with detailed product information and customer reviews, enhances the purchasing experience and encourages consumers to explore new brands and flavors. Additionally, digital marketing strategies, including social media campaigns, influencer partnerships, and targeted advertising, significantly increase brand visibility and consumer engagement. E-commerce platforms often offer personalized recommendations and promotional deals, driving higher sales volumes. The integration of mobile commerce and easy payment options makes purchasing liqueurs more accessible and efficient. Tracking consumer behavior and preferences through data analytics helps brands tailor their offerings and marketing efforts effectively.

𝐁𝐮𝐲 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/checkout?id=7715&method=502

𝐋𝐢𝐪𝐮𝐞𝐮𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐲 𝐓𝐲𝐩𝐞:

● Neutrals/Bitters
● Creams
● Fruit Flavored
● Others

Neutrals/bitters represent the largest segment due to their versatility in cocktails and mixology, appealing to a wide range of consumers with different taste preferences.

𝐁𝐲 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐓𝐲𝐩𝐞:

● Glass
● PET Bottle
● Metal Can
● Others

Glass accounts for the majority of the market share as it offers a premium and aesthetically pleasing presentation, which aligns with the perceptions of consumers about quality and luxury for liqueur products.

𝐁𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥:

● On-Trade
● Off-Trade
● Hypermarkets and Supermarkets
● Grocery Stores
● Convenience Stores
● Others 

Off-trade exhibits a clear dominance in the liqueurs market owing to the convenience and accessibility, allowing people to purchase liqueur products from retail outlets, such as supermarkets, liquor stores, and online platforms, for consumption at home or social gatherings.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

● North America (United States, Canada)
● Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
● Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
● Latin America (Brazil, Mexico, Others)
● Middle East and Africa

Region-wise, the market has been divided into North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.

𝐓𝐨𝐩 𝐋𝐢𝐪𝐮𝐞𝐮𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐋𝐞𝐚𝐝𝐞𝐫𝐬:

The liqueurs market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

● Amarula Cream
● Beam Suntory Inc.
● Brown-Forman Corporation
● Davide Campari-Milano N.V
● Diageo Plc
● Girolamo Luxardo S.p.A
● Koninklijke De Kuyper B.V.
● Lucas Bols B.V.
● Mast-Jägermeister SE
● Pernod Ricard SA
● Remy Cointreau
● Sazerac Company
● Stock Spirits Group

𝐈𝐟 𝐲𝐨𝐮 𝐫𝐞𝐪𝐮𝐢𝐫𝐞 𝐚𝐧𝐲 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐜𝐨𝐯𝐞𝐫𝐞𝐝 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞 𝐬𝐜𝐨𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐰𝐞 𝐰𝐢𝐥𝐥 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐭𝐡𝐞 𝐬𝐚𝐦𝐞 𝐚𝐬 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐁𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩:

𝐅𝐢𝐧𝐢𝐬𝐡𝐞𝐝 𝐕𝐞𝐡𝐢𝐜𝐥𝐞𝐬 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.einpresswire.com/article/720556932/finished-vehicles-logistics-market-demand-share-analysis-forecast-2024-2032

𝐆𝐚𝐬 𝐌𝐞𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.einpresswire.com/article/720850107/gas-meter-market-growth-demand-trends-analysis-forecast-2024-2032

𝐒𝐩𝐨𝐫𝐭𝐬 𝐔𝐭𝐢𝐥𝐢𝐭𝐲 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.einpresswire.com/article/723321389/sports-utility-vehicle-market-trends-growth-opportunity-2024-2032

𝐂𝐨𝐧𝐯𝐞𝐲𝐨𝐫 𝐎𝐯𝐞𝐧 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.einpresswire.com/article/724248443/conveyor-oven-market-demand-growth-trends-opportunity-2024-2032

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

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