The demand for distilled alcoholic beverages in Vietnam has seen significant fluctuations over the past decade. In 2014, the demand was 361.0 thousand metric tons, peaking at 399.0 thousand metric tons in 2016. However, since then, there has been a general downward trend, with the demand reaching 257.0 thousand metric tons in 2023, marking a year-on-year decrease of 2.28%. Over the past five years, the compound annual growth rate (CAGR) has been -2.12%. Moving into future forecasts, the demand is expected to continue declining, hitting an estimated 224.0 thousand metric tons in 2028 with a forecasted five-year CAGR of -2.17%.

Future trends to watch for:

Changes in consumer behavior towards healthier lifestyles and reduced alcohol consumption.
Government regulations and taxes impacting the alcoholic beverage industry.
Potential market shifts due to economic changes or advancements in non-alcoholic alternatives.