Market Overview:
The global flavored spirit market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for flavored spirits across the globe, especially in developing countries. In terms of type, whiskey is expected to dominate the global flavored spirit market during the forecast period owing to its high demand in North America and Europe. However, rum is projected to grow at a highest CAGR during the forecast period due to its growing popularity among consumers in Latin America and Asia Pacific regions. In terms of application, store-based segment is anticipated to hold major share in global flavored spirit market followed by non-store based segment during 2018-2030.
Product Definition:
A flavored spirit is a distilled beverage that has been flavored with natural or artificial flavors. The flavorings can be added during the distillation process or after. Flavored spirits are often used in cocktails, mixed drinks, and shooters.
Whiskey:
Whiskey is a distilled alcoholic beverage, which is made from several types of grains. The grain can be either a cereals like maize or wheat or it can be derived from the starchy parts of the barley such as “bread” and “flour”. The fermentation process helps to transform sugar found in the grains into ethanol, which is also known as ethyl alcohol.
Rum:
The term rum has been used for many products over the years. The most common usage of the term refers to a spirit produced from sugarcane or sugar beets. However, in today's market, it also includes spirits derived from wheat, maize (corn), barley and rye. Rums that are made solely from sugarcane are known as white rums; whereas those that are made using other grains/ cereals are termed as colored or flavored rums.
Application Insights:
Non-store based applications accounted for the largest revenue share of over 70% in 2017. Non-store based application includes bars, pubs, clubs and other similar venues. These venues primarily serve alcohol beverages such as whiskey, rum and vodka which contributes to the high demand from this segment. Flavored spirits are also consumed at home or during social gatherings especially among millennials who prefer flavored vodkas and gins over their original counterparts due to their popularity among young people.
The store based application is expected to witness significant growth with a CAGR of XX% from 2018 to 2030 owing to increasing retail outlets particularly in developing countries like India, China Japan etc where drinking culture is strong amongst millennials & generation Z consumers respectively.
Regional Analysis:
North America dominated the global flavored spirit market in 2017. The U.S., in particular, is one of the largest consumers of flavored spirits globally accounting for more than 50% of the overall consumption on account of high demand from millennials and Gen X drinkers as well as a rise in social gatherings among friends and colleagues.
Asia Pacific is expected to be one of the fastest-growing regional markets over the forecast period owing to rising disposable income levels, changing lifestyles, increasing popularity for various sports including cricket and football which has led to an increase in alcohol consumption across countries such as India, China, Australia etc.
Growth Factors:
- Increasing demand for flavored spirits in the cocktails and mixed drinks industry.
- Growing popularity of flavored spirits among millennials and female consumers.
- Innovative flavor combinations and marketing by spirit brands.
- Rising disposable income of consumers in developing countries. 5) increasing demand from the hospitality sector for flavored spirits
Scope Of The Report
Report Attributes
Report Details
Report Title
Flavored Spirit Market Research Report
By Type
Whiskey, Rum, Vodka, Tequila, Gin, Others
By Application
Store Based, Non-Store Based
By Companies
Constellation Brands Inc., Davide Campari-Milano S.p.A., Lapostolle SA, Diageo plc, The Brown-Forman Corporation, Pernod Ricard, Mast-Jägermeister SE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Flavored Spirit Market Report Segments:
The global Flavored Spirit market is segmented on the basis of:
Types
Whiskey, Rum, Vodka, Tequila, Gin, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Store Based, Non-Store Based
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Constellation Brands Inc.
- Davide Campari-Milano S.p.A.
- Lapostolle SA
- Diageo plc
- The Brown-Forman Corporation
- Pernod Ricard
- Mast-Jägermeister SE
Highlights of The Flavored Spirit Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Whiskey
- Rum
- Vodka
- Tequila
- Gin
- Others
- By Application:
- Store Based
- Non-Store Based
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Flavored Spirit Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Flavored spirit is a type of alcoholic beverage that typically contains fruit or vegetable juices, sugar, and alcohol.
Some of the key players operating in the flavored spirit market are Constellation Brands Inc., Davide Campari-Milano S.p.A., Lapostolle SA, Diageo plc, The Brown-Forman Corporation, Pernod Ricard, Mast-JƒÂ¤germeister SE.
The flavored spirit market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Flavored Spirit Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Flavored Spirit Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Flavored Spirit Market - Supply Chain
4.5. Global Flavored Spirit Market Forecast
4.5.1. Flavored Spirit Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Flavored Spirit Market Size (000 Units) and Y-o-Y Growth
4.5.3. Flavored Spirit Market Absolute $ Opportunity
5. Global Flavored Spirit Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Flavored Spirit Market Size and Volume Forecast by Type
5.3.1. Whiskey
5.3.2. Rum
5.3.3. Vodka
5.3.4. Tequila
5.3.5. Gin
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Flavored Spirit Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Flavored Spirit Market Size and Volume Forecast by Application
6.3.1. Store Based
6.3.2. Non-Store Based
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Flavored Spirit Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Flavored Spirit Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Flavored Spirit Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Flavored Spirit Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Flavored Spirit Demand Share Forecast, 2019-2026
9. North America Flavored Spirit Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Flavored Spirit Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Flavored Spirit Market Size and Volume Forecast by Application
9.4.1. Store Based
9.4.2. Non-Store Based
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Flavored Spirit Market Size and Volume Forecast by Type
9.7.1. Whiskey
9.7.2. Rum
9.7.3. Vodka
9.7.4. Tequila
9.7.5. Gin
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Flavored Spirit Demand Share Forecast, 2019-2026
10. Latin America Flavored Spirit Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Flavored Spirit Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Flavored Spirit Market Size and Volume Forecast by Application
10.4.1. Store Based
10.4.2. Non-Store Based
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Flavored Spirit Market Size and Volume Forecast by Type
10.7.1. Whiskey
10.7.2. Rum
10.7.3. Vodka
10.7.4. Tequila
10.7.5. Gin
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Flavored Spirit Demand Share Forecast, 2019-2026
11. Europe Flavored Spirit Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Flavored Spirit Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Flavored Spirit Market Size and Volume Forecast by Application
11.4.1. Store Based
11.4.2. Non-Store Based
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Flavored Spirit Market Size and Volume Forecast by Type
11.7.1. Whiskey
11.7.2. Rum
11.7.3. Vodka
11.7.4. Tequila
11.7.5. Gin
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growh Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Flavored Spirit Demand Share, 2019-2026
12. Asia Pacific Flavored Spirit Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Flavored Spirit Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Flavored Spirit Market Size and Volume Forecast by Application
12.4.1. Store Based
12.4.2. Non-Store Based
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Flavored Spirit Market Size and Volume Forecast by Type
12.7.1. Whiskey
12.7.2. Rum
12.7.3. Vodka
12.7.4. Tequila
12.7.5. Gin
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Flavored Spirit Demand Share, 2019-2026
13. Middle East & Africa Flavored Spirit Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Flavored Spirit Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Flavored Spirit Market Size and Volume Forecast by Application
13.4.1. Store Based
13.4.2. Non-Store Based
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Flavored Spirit Market Size and Volume Forecast by Type
13.7.1. Whiskey
13.7.2. Rum
13.7.3. Vodka
13.7.4. Tequila
13.7.5. Gin
13.7.6. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Flavored Spirit Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Flavored Spirit Market: Market Share Analysis
14.2. Flavored Spirit Distributors and Customers
14.3. Flavored Spirit Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Constellation Brands Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Davide Campari-Milano S.p.A.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Lapostolle SA
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Diageo plc
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. The Brown-Forman Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Pernod Ricard
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mast-Jägermeister SE
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook