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

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

  • July 2017
  • 158 pages
  • ID: 5026551
In this report:
Falling unemployment rate (from ##.##% in Feb 2016 to ##% in Feb 2017), and the resulting increase in spending power is allowing consumers to enjoy premium blends and special editions of Spirits in the region The youth population (##-## years) accounting for nearly ##% of the EU-## population, forms the largest consumers of Spirits.

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

Brief

Overall Spirits sector was valued at US$627.6 Billion in 2016 and is forecast to record a Compound annual growth rate of 8.70 percent in value terms during 2016-2021. Asia- Pacific was the biggest overall market for Spirits, accounting for a 51.40 percent share of global value sales in 2016. On top of, the region is forecast to record the quickest value growth at a compound annual growth rate (CAGR) of 12.90 percent during 2016-2021. An increasing population of youngsters reaching the legal drinking age, improving economy, and the growing 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 important working population worldwide will continue to support increase in demand for Spirits.

Value share of Spirits in the overall alcoholic beverages industry is forecast to increase during 2016-2021, led by increasing share in Asia-Pac and North America (NA). However, the value share of Spirits in the global alcoholic beverages industry is set to witness a decline in the Middle East (ME) & African continent, Latin America area, Western Europe and Eastern Europe, driven by increasing share of Beer & Cider in these regions.

The best 10 high plausible countries included Australia (AU), South Korea (KR), the UAE, Brazil (BR), Chile, the U.S., Canada (CA), Romania (RO), France (FR), and Germany (DE). In Asia- Pacific, Australia (AU) emerged as the most important high thinkable country with the most important risk-reward score, while the U.S. emerged as the biggest market in North America region. Romania (RO) is set to record the quickest Compound annual growth rate of 5.80 percent during 2016-2021 in the Eastern Europe region, while Brazil (BR) represented the most important market in the Latin American region with a value share of 66.40 percent in 2016. Germany (DE) emerged as the biggest market in Western Europe with a value share of 22.40 percent in 2016, while the UAE was the most important in the MEA region with a value share of 63.0 percent in 2016.

Overall 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 overall Spirits sector with a volume share of 2.60 percent in 2016. India based Officers Choice was the second biggest brand globally with a volume share of 1.20 percent, followed by China based brands - Red Star Er Guo Tou (1.10 percent) and Niu Lan Shan (1.0 percent).

Hypermarkets & Supermarkets was the leading distribution channel for the overall Spirits sector, with a volume share of 36.40 percent in 2016, followed by Food & Drinks Specialists with a 32.60 percent share of global volume sales. Big share of Hypermarkets & Supermarkets channel in the distribution of Spirits can be attributed to the developed organized retail industry in main countries, where most consumers prefer to buy Spirits.

The industry report "Alternatives in the Global Spirits Sector" report offers together multiple data sources to provide A detailed overview of the overall Spirits sector as part of our overall series. It includes an analysis on overall Spirits sector with consumption analysis highlighted for all regions. The study also identifies high plausible countries by region that have been identified by creating a risk-reward analysis with multiple parameters.

Firms mentioned in this industry 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 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.

Overview

- The analysis offers an overview of overall and regional markets covering - Asia Pacific (APAC), Middle East & African continent, North America continent, Latin America area, Western Europe, and Eastern Europe - highlighting sector size, growth drivers, recent developments, and future inhibitors for the region.

- It also identifies best ten high thinkable countries and provides deep dive analysis of most important countries in each region.

- The market research draws on the sector data by analyzing main distribution channels for Spirits in the overall market.

- Sector data is also used for studying the level of competition in the sector by identifying the best brands at a overall and regional level with business insights on sector shares of private label products.

Great reasons to purchase

- To have a thorough fact based analysis with data about the overall 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 established on An in-depth study of the overall Spirits sector and to identify high plausible countries over the next 5 years

- The analysts have placed a meaningful 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 ambitious intelligence about dominant brands in the Spirits sector at overall and regional level with info about their sector share, business descriptions and product profiles.

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