Specialty Spirits Global Strategic Business Report 2024-2030: Organic, Biodynamic and Sustainably Sourced Spirits Grow in Prominence


Dublin, Sept. 10, 2024 (GLOBE NEWSWIRE) -- The "Specialty Spirits - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

The global market for Specialty Spirits was estimated at US$30.3 Billion in 2023, and is projected to reach US$36.7 Billion by 2030, growing at a CAGR of 2.8% from 2023 to 2030.

The growth in the specialty spirits market is driven by several factors, including increased global exposure through tourism, advancements in e-commerce, and shifting consumer preferences toward unique and ethically produced beverages. As international travel has expanded people's exposure to different cultures and their culinary and drinking traditions, there has been a corresponding increase in the appetite for bringing these experiences home. This demand has been met by the expansion of specialty spirits into global markets, often facilitated by advancements in e-commerce that allow consumers to purchase rare and exotic spirits from around the world more easily.

Additionally, the rise of social media has played a crucial role in educating consumers and raising awareness about specialty spirits, with platforms enabling enthusiasts to share tasting notes, cocktail recipes, and the heritage of lesser-known spirits.

Furthermore, there is a growing consumer preference for spirits that are perceived as being produced in a sustainable and ethical manner, reflecting broader concerns about environmental impact and sustainability practices in production. Together, these factors contribute to a dynamic and growing market for specialty spirits, ensuring their continued popularity and integration into mainstream drinking culture.



Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Baijiu Spirit segment, which is expected to reach US$16.8 Billion by 2030 with a CAGR of a 3.6%. The Shochu Spirit segment is also set to grow at 1.8% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $8.2 Billion in 2023, and China, forecasted to grow at an impressive 5.6% CAGR to reach $7.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Key Questions Answered:

  • How is the Global Specialty Spirits Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Branca International, Campari Group, Dillon's Small Batch Distillers, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.


Key Attributes:

Report AttributeDetails
No. of Pages278
Forecast Period2023 - 2030
Estimated Market Value (USD) in 2023$30.3 Billion
Forecasted Market Value (USD) by 2030$36.7 Billion
Compound Annual Growth Rate2.8%
Regions CoveredGlobal



Key Topics Covered:

MARKET OVERVIEW

  • World Market Trajectories
  • Global Economic Update
  • Specialty Spirits - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

FOCUS ON SELECT PLAYERS

  • Branca International
  • Campari Group
  • Dillon's Small Batch Distillers
  • Haworth Wine & Spirits
  • LOTTE Corp.
  • Luzhou LaoJiao Co.
  • Mythology Distillery
  • Only Bitters
  • Pernod Ricard
  • Potomac Wines And Spirits
  • Prohibition Liquor Co.
  • Sanwa Shurui Co.
  • Specialty Spirits & Fine Wine
  • Suntory Holdings Limited
  • Takara Holdings Inc.

MARKET TRENDS & DRIVERS

  • Revival of Artisanal and Craft Production Techniques Strengthens Specialty Spirits Market
  • Consumer Interest in Unique and Exotic Spirits With Botanicals and Herbal Infusions Expands Global Market Opportunities
  • Rise in Cocktail Culture and Mixology Drives Demand for Diverse Specialty Spirits
  • Influence of Travel and Global Exposure on Spirit Preferences
  • Consumer Shifts Toward Low-alcohol and Health-conscious Drinking Options
  • Cultural Festivals and Events Promoting Regional Specialty Spirits Bodes Well for Market Growth
  • Social Media Influence on Trend Setting and Brand Engagement
  • Organic, Biodynamic, and Sustainably Sourced Spirits Grow in Prominence

For more information about this report visit https://www.researchandmarkets.com/r/vg20k8

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

 
Global Specialty Spirits Market

Contact Data