Opportunities in the Global Spirits Sector: Analysis of Opportunities Offered by High Growth Economies

  • ID: 4339275
  • Report
  • Region: Global
  • 158 pages
  • GlobalData
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FEATURED COMPANIES

  • 3 Medronhos
  • AF INTERNATIONAL CORP
  • Aguardiente Llanero
  • Akwawit-Polmos S.A
  • Bacardi Limited
  • Blavod Drinks Ltd.
  • MORE
Opportunities in the Global Spirits Sector: Analysis of Opportunities Offered by High Growth Economies


Summary

Global Spirits sector was valued at US$627.6 Billion in 2016 and is forecast to record a CAGR of 8.7% in value terms during 2016-2021. Asia- Pacific was the largest global market for Spirits, accounting for a 51.4% share of total value sales in 2016. Additionally, the region is forecast to record the fastest value growth at a CAGR of 12.9% during 2016-2021. A growing population of youngsters reaching the legal drinking age (LDA), improving economy, and the rising middle income population across APAC, MEA, and LATAM regions will remain the primary factors driving growth in the sector globally. With drinking viewed as a way to unwind & relax after a long day, the large working population worldwide will continue to support growth in demand for Spirits.

Value share of Spirits in the global alcoholic beverages industry is forecast to increase during 2016-2021, led by rising share in Asia-Pacific and North America. However, the value share of Spirits in the overall alcoholic beverages industry is set to witness a decline in the Middle East & Africa, Latin America, Western Europe and Eastern Europe, driven by growing share of Beer & Cider in these regions.

The top 10 high potential countries included Australia, South Korea, the UAE, Brazil, Chile, the US, Canada, Romania, France, and Germany. In Asia- Pacific, Australia emerged as the top high potential country with the largest risk-reward score, while the US emerged as the largest market in North America region. Romania is set to record the fastest CAGR of 5.8% during 2016-2021 in the Eastern Europe region, while Brazil represented the largest market in the Latin American region with a value share of 66.4% in 2016. Germany emerged as the largest market in Western Europe with a value share of 22.4% in 2016, while the UAE was the largest in the MEA region with a value share of 63% in 2016.

Global Spirits sector was dominated by brands based out of the Asia-Pacific region. South Korea based Jinro emerged as the leading Spirits brand in the global Spirits sector with a volume share of 2.6% in 2016. India based Officers Choice was the second largest brand globally with a volume share of 1.2%, followed by China based brands - Red Star Er Guo Tou (1.1%) and Niu Lan Shan (1%).

Hypermarkets & Supermarkets was the leading distribution channel for the global Spirits sector, with a volume share of 36.4% in 2016, followed by Food & Drinks Specialists with a 32.6% share of total volume sales. Large share of Hypermarkets & Supermarkets channel in the distribution of Spirits can be attributed to the developed organized retail industry in major countries, where most consumers prefer to buy Spirits.

The report "Opportunities in the Global Spirits Sector" report brings together multiple data sources to provide a comprehensive overview of the global Spirits sector as part of our global series. It includes an analysis on global Spirits sector with consumption analysis highlighted for all regions. The report also identifies high potential countries by region that have been identified by creating a risk-reward analysis with multiple parameters.

Companies mentioned in this report: Agave Loco LLC, Alberta Distillers Limited, Asbach Gmbh, Bacardi Limited, Bardinet S.A.S, Blavod Drinks Ltd., Bodegas Rey Fernando de Castilla, Bodegas Williams & Humbert, Brooklyn Gin, Brown-Forman Corporation, Camus, Carrington Distillers (Ont) Ltd, Jun, "OAK POLAND" General Partnership Jerzy Markiewicz, 3 Medronhos, AB Stumbras, AF INTERNATIONAL CORP, Agave Industries India Ltd., Agave Tequilana Prod. Y Comercializadores, S.A. C.V., Agropecuária Grande Sul Ltda, Aguardiente Llanero, Aivy Vodka, Akwawit-Polmos S.A, Diageo plc, Pernod Ricard and Brown-Forman Corp.

Scope
  • The report provides an overview of global and regional markets covering - Asia-Pacific, Middle East & Africa, North America, Latin America, Western Europe, and Eastern Europe - highlighting sector size, growth drivers, latest developments, and future inhibitors for the region.
  • It also identifies top ten high potential countries and provides deep dive analysis of top countries in each region.
  • The report draws on the sector data by analyzing key distribution channels for Spirits in the global market.
  • Sector data is also used for studying the level of competition in the sector by identifying the top brands at a global and regional level with insights on sector shares of private label products.
Reasons to buy
  • To have a thorough fact based analysis with information about the global Spirits sector across the six regions in value terms and the underlying factors that are driving the sales
  • To gain confidence to make the correct business decisions based on a detailed analysis of the global Spirits sector and to identify high potential countries over the next 5 years
  • The analysts have placed a significant emphasis on the mega trends that drive consumer choice and will provide a clear picture about the future opportunities that can be explored across the region, resulting in revenue expansion
  • To gain competitive intelligence about leading brands in the Spirits sector at global and regional level with information about their sector share, business descriptions and product profiles.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3 Medronhos
  • AF INTERNATIONAL CORP
  • Aguardiente Llanero
  • Akwawit-Polmos S.A
  • Bacardi Limited
  • Blavod Drinks Ltd.
  • MORE
Executive Summary
Sector Overview
Current scenario and future outlook
Global Spirits sector overview - what are the growth drivers, latest developments, and future inhibitors
Regional Spirits sector overview - what are the growth drivers, latest developments, and future inhibitors
Key challenges in the global Spirits sector
Shift in alcohol Consumption Patterns
Change in consumption levels in the overall alcoholic beverage industry, 2011-2021
Reasons for shift in consumption patterns
Identifying high potential countries
Analysis of 10 countries on the basis of Risk-Reward analysis (market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure)
Analysis across regions - Asia-Pacific, North America, Latin America, Western Europe and Eastern Europe
High potential country analysis
Future outlook
Case Studies
Competitive Landscape
Leading brands by region
Leading brands by market
Market Share of Private Label
Key Distribution Channels
Share of key distribution channels - global and regional level
Key Packaging Formats
Analysis on usage of key packaging material, closure and outer type
Appendix
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  • Agave Loco LLC
  • Alberta Distillers Limited
  • Asbach Gmbh
  • Bacardi Limited
  • Bardinet S.A.S
  • Blavod Drinks Ltd.
  • Bodegas Rey Fernando de Castilla
  • Bodegas Williams & Humbert
  • Brooklyn Gin
  • Brown-Forman Corporation
  • Camus
  • Carrington Distillers (Ont) Ltd
  • Jun
  • OAK POLAND - General Partnership Jerzy Markiewicz
  • 3 Medronhos
  • AB Stumbras
  • AF INTERNATIONAL CORP
  • Agave Industries India Ltd.
  • Agave Tequilana Prod. Y Comercializadores S.A. C.V.
  • Agropecuária Grande Sul Ltda
  • Aguardiente Llanero
  • Aivy Vodka
  • Akwawit-Polmos S.A
  • Diageo plc
  • Pernod Ricard and Brown-Forman Corp.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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