Dublin, April 08, 2024 (GLOBE NEWSWIRE) -- The "Dark Spirits Market Report by Type (Whiskey, Rum, Brandy), Distribution Channel (On Trade, Off Trade), Application (Bars, Restaurants, Pubs, and Others), and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global dark spirits market size reached US$ 95.2 Billion in 2023. Looking forward, the market is projected to reach US$ 149.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2023-2032.
Significant growth in the food and beverage industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the increasing preference for premium craft spirits, especially among the millennials, is providing a thrust to the market growth. Dark spirits are widely served across restaurants, hotels, bars and pubs and combined with exotic flavored juices and sparkling water to provide innovative experiences to the consumers.
Additionally, the advent of online delivery services for alcohol is acting as another growth-inducing factor. Brands and retailers are participating in online promotional campaigns through social media platforms to increase the brand awareness among the consumers. Product manufacturers are also launching clean label dark spirits manufactured using organic, genetically modified organism (GMO)-free, additive-free and naturally sourced ingredients to meet the requirements of health-conscious consumers.
Other factors, including significant growth in the spirit tourism industry, along with rising expenditure capacities of the consumers, are anticipated to drive the market toward growth.
Key Market Segmentation
The report provides an analysis of the key trends in each sub-segment of the global dark spirits market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type, distribution channel, application, and region.
Breakup by Type:
- Whiskey
- Rum
- Brandy
Breakup by Distribution Channel:
- On Trade
- Off Trade
Breakup by Application:
- Bars
- Restaurants
- Pubs
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
- Anheuser-Busch InBev SA/NV
- Asahi Group Holdings Ltd.
- Bacardi Limited
- Brown-Forman Corporation
- Diageo plc
- Kirin Brewery Company Limited
- LT Group Inc.
- Pernod Ricard
- Remy Cointreau
- Suntory Holdings Limited (Kotobuki Realty Co. Ltd.)
Key Questions Answered in This Report:
1. What was the size of the global dark spirits market in 2023?
2. What is the expected growth rate of the global dark spirits market during 2024-2032?
3. What are the key factors driving the global dark spirits market?
4. What has been the impact of COVID-19 on the global dark spirits market?
5. What is the breakup of the global dark spirits market based on the type?
6. What is the breakup of the global dark spirits market based on the distribution channel?
7. What are the key regions in the global dark spirits market?
8. Who are the key players/companies in the global dark spirits market?
Key Attributes
| Report Attribute | Details |
| No. of Pages | 145 |
| Forecast Period | 2023-2032 |
| Estimated Market Value (USD) in 2023 | $95.2 Billion |
| Forecasted Market Value (USD) by 2032 | $149.6 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/8lf4em
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