openPR Logo
Press release

APAC Region To Dominate Global Specialty Spirits Market

A new report, titled “Global Specialty Spirits Market 2016-2020,” added to the repository of market studies of MarketResearchReports.biz provides a holistic overview of the market for specialty spirits for the period between 2016 and 2021. Compiled with the intent of updating the stakeholders about the prevailing market dynamics, the report also presents insights into the growth drivers and key restraints impacting the market during the aforementioned forecast period.

Specialty spirits are region-specific spirits such as baijiu in China, sochu in Japan, soju in South Korea, raki in Turkey, and Cachaa in Brazil. The global market for specialty spirits is likely to exhibit a rather slow CAGR of 1.05% between 2016 and 2020. It is presently dominated by the APAC region, with China emerging as the largest market for specialty spirits. The rising disposable income of consumers, coupled with the increased expenditure on alcohol in emerging economies, has been a crucial factor fuelling demand from the global specialty spirits market.

The introduction of new flavors, exposure to different cultures, and opening up of new breweries are some of the other factors aiding the growth of the specialty spirits market. Furthermore, consumers have also become more open to trying new imported products, with countries such as Japan, China, and Korea promoting their traditional spirits at full swing. This has led to the high demand for specialty products in the APAC region. Additionally, despite advertising liquor or alcoholic drinks being regulated in many countries, the demand for Chinese baijiu in the U.S. is skyrocketing, which has been identified as a key reason behind the steady growth of the specialty spirits market in APAC.

For Sample Copy, click here: www.marketresearchreports.biz/analysis/668434

In the APAC region, Thailand and China have emerged as the largest markets for specialty spirits. Even with existing ban on advertising, the specialty spirits and alcohols market has been doing well due to personal recommendations. Furthermore, the introduction of new brands and flavors targeting particular consumer demographics has also helped the market register sustainable growth. Regionally, the report segments the global market into the Americas, EMEA, and APAC.

The report provides a holistic overview of the various factors that have been influencing the market. It also profiles the leading players operating in the market for the purpose of the study. These include IRB Tatuzinho 3 Fazendas, HiteJinro, Luzhou Laojiao, Kirishimashuzo, Takara Shuzo, Kumbokju, Sanwa Shurui¸ Lotte, and others. These companies are studied on the basis of financial overview, strategies adopted over the recent past, cost structure analysis, product portfolio, and recent developments. Using SWOT analysis, the report weighs the strengths and weaknesses of the companies profiled. The analysis also helps readers in identifying the threats and opportunities that these companies may face in the near future.

To order report Call Toll Free: 866-997-4948 or send an email on sales@marketresearchreports.biz

MarketResearchReports.biz supports your business intelligence needs with over 100,000 market research reports, company profiles, data books, and regional market data sheets in its repository. Our document database is updated by the hour, which means that you always have access to fresh data spanning over 300 industries and their sub-segments.

State Tower
90 State Street, Suite 700
Albany, NY 12207
United States

Toll Free: 866-997-4948
(USA-CANADA)

Tel: +1-518-621-2074
E: sales@marketresearchreports.biz

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release APAC Region To Dominate Global Specialty Spirits Market here

News-ID: 545182 • Views: 154

More Releases from MarketResearchReports.biz

Hydro-flyers Market: Moving Towards a Brighter Future
A hydro-flyer is an adventure sporting device which uses the propulsion of water jet technology to create continuous flight movement, where the lift and movement are controlled by the flyer. Hydro-flyers sporting devices make use of the flow of water power to drive the flyer to reach soaring heights. The rise in water sporting facilities is one of the major factors that promote the growth and demand for hydro-flyers in
Outdoor Floodlights: Technology and Market Dynamics
Outdoor floodlights is a reliable, highly efficient, and economical solution for a wide range of outdoor applications. These lights are resistant to temperature fluctuations and they remain stable even in extreme climatic conditions. Unlike the traditional lights, floodlights remain stable and functional even in harsh climatic conditions. This makes them ideal for use in any climate and any outdoor application. Outdoor floodlights save a significant amount of energy and consume
Snow Helmets Market Future Prospects and Regional Outlook
Riders are riding faster and getting bolder day by day. Hence, safety equipment need to be updated as per the requirement and changing time. Earlier, helmets were primarily used by extreme skiers and racers. They were used only on slopes. However, later, the use of helmets was made compulsory. Earlier, bulky black helmets were used by riders, which are outdated at present. Currently, new stylish helmets that can match with
Predictions for 2019: Global Sparkling Water Dispensers Industry Is Set to Boom
Sparkling water dispensers are equipment used for dispensing carbonated water. These dispensers mix the still, filtered water with carbon dioxide before dispensing. Sparkling water dispensers are mostly used in households and commercial establishments such as amusement parks, hotels, restaurants, and sports arenas. A sparkling water dispenser has separate outlets for hot water and cold water. The hot water outlet does not require a separate filtration process. However, cold water is

All 45700 Releases