Global Flavored Spirits Market Research Report—Forecast till 2026

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The Global Flavored Spirits Market is anticipated to exhibit a CAGR of 4.28% and surpass USD 32,768.7 Million during the review period.

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Global Flavored Spirits Market Research Report—Forecast till 2026

Market Overview
The Global Flavored Spirits Market is anticipated to exhibit a CAGR of 4.28% and surpass USD 32,768.7 Million during the review period. Flavored spirits are distilled beverages with specific flavors such as fruits, spices, herbs, or nuts. The foodservice sector is one of the largest end-users of flavored spirits due to the rising consumer preference towards sophisticated lifestyle. Additionally, the surge in the consumption of cocktails and mocktails at social events, corporate conferences, and concerts is expected to expand the global flavored spirit market. However, the adoption of growth strategies by major manufacturers is expected to create a path for market players to expand and grow.
Global Flavored Spirits Market is set to witness healthy growth during the review period owing to the continuous product innovation with flavor variant. The global market growth is attributed to the rising adoption of a new culture, awareness about global trends, eagerness to experiment with new food & beverage choices, and changing lifestyles. The accelerating foodservice industry is expected to impact positively on the global flavored spirits market. Furthermore, expansion of the organized retail sector, in developing economies is expected to fuel the market growth during the study. However, the growing demand for non-alcoholic beverages and the increasing focus of non-alcoholic beverage manufacturers on new product development are expected to restrain the growth of the market for flavored spirits in the future.
Market Segmentation
Global Flavored Spirits Market has been divided Based on Type and distribution channel. Based on type segment the global market has been classified into Whiskey, Rum, Vodka, Gin, and Others.
In terms of distribution channels, the global flavored spirits market has been classified into food retail, supermarket and hypermarket, and food service. The food retail segment is further classified into supermarkets & hypermarkets, specialty stores, and others.
Regional Analysis
Geographically, the Global Flavoured Spirit Market has been classified into North America, Europe, Asia-Pacific, and the Rest of the World.
Europe is expected to contribute to the largest market with a 37.38% share of the market in 2019. The regional market is driven by the leading market of Germany. The regional market is expected to register a healthy CAGR of 4.06% during the review period.
The regional market growth is attributed to the presence of some of the key global manufacturers of flavored spirits and organized retail infrastructure. Further, the key players in the region are making a series of new product developments, partnerships, mergers, and acquisitions to gain the significant revenue of flavored spirits in the region.
Major Players
The Key Players in the Global Flavored Spirits Market are Bacardi Limited (Bermuda), The Brown-Forman Corporation (France), Pernod Ricard (France), Diageo PLC (UK), Suntory Beverage & Food Limited (Japan), Constellation Brands, Inc. (US), Distell Group Limited (South Africa), William Grant & Sons (Scotland), Asahi Group Holdings, Ltd (Japan), and San Miguel Corporation (Philippines).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

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Table of Contents

TABLE OF CONTENT
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 15

1.1.1 GLOBAL FLAVORED SPIRITS MARKET, BY PRODUCT TYPE 15

1.1.2 GLOBAL FLAVORED SPIRITS MARKET, BY DISTRIBUTION CHANNEL 16

1.1.3 GLOBAL FLAVORED SPIRITS MARKET, BY REGION 17

2 MARKET INTRODUCTION
2.1 DEFINITION 18

2.2 SCOPE OF THE STUDY 18

2.3 RESEARCH OBJECTIVE 18

2.4 MARKET STRUCTURE 19

2.5 KEY BUYING CRITERIA 19

3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 20

3.2 PRIMARY RESEARCH 21

3.3 SECONDARY RESEARCH 22

3.4 MARKET SIZE ESTIMATION 22

3.5 FORECAST MODEL 24

3.6 LIST OF ASSUMPTIONS & LIMITATIONS 25

4 MARKET INSIGHTS
5 MARKET DYNAMICS
5.1 INTRODUCTION 28

5.2 DRIVERS 29

5.2.1 PRODUCT INNOVATION 29

5.2.2 GROWTH OF THE FOODSERVICE INDUSTRY 29

5.2.3 GROWTH OF THE ORGANIZED RETAIL SECTOR 29

5.2.4 DRIVERS IMPACT ANALYSIS 30

5.3 RESTRAINT 30

5.3.1 SURGING DEMAND FOR NON-ALCOHOLIC BEVERAGES 30

5.3.2 RESTRAINT IMPACT ANALYSIS 31

5.4 OPPORTUNITIES 31

5.4.1 ADOPTION OF GROWTH STRATEGIES 31

6 MARKET FACTOR ANALYSIS
6.1 VALUE CHAIN ANALYSIS 33

6.1.1 RAW MATERIAL PROCUREMENT 34

6.1.2 PROCESSING 35

6.1.3 PACKAGING 35

6.2 SUPPLY CHAIN ANALYSIS 36

6.3 PORTER’S FIVE FORCES MODEL 37

6.3.1 THREAT OF NEW ENTRANTS 37

6.3.2 BARGAINING POWER OF SUPPLIERS 38

6.3.3 THREAT OF SUBSTITUTES 38

6.3.4 BARGAINING POWER OF BUYERS 38

6.3.5 RIVALRY 38

7 IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL FLAVORED SPIRITS MARKET
8 GLOBAL FLAVORED SPIRITS MARKET, BY PRODUCT TYPE
8.1 OVERVIEW 41

8.1.1 GLOBAL FLAVORED SPIRITS MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2018–2026 42

8.2 WHISKEY 42

8.2.1 WHISKEY: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 42

8.3 RUM 43

8.3.1 RUM: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 43

8.4 VODKA 43

8.4.1 VODKA: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 44

8.5 GIN 44

8.5.1 GIN: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 44

8.6 OTHERS 45

8.6.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 45

9 GLOBAL FLAVORED SPIRITS MARKET, BY DISTRIBUTION CHANNEL
9.1 OVERVIEW 46

9.1.1 GLOBAL FLAVORED SPIRITS MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2018–2026 47

9.2 FOOD RETAIL 47

9.2.1 FOOD RETAIL: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 47

9.3 FOODSERVICE 48

9.3.1 FOODSERVICE: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 48

10 GLOBAL FLAVORED SPIRITS MARKET, BY REGION
10.1 OVERVIEW 49

10.2 NORTH AMERICA 51

10.2.1 US 53

10.2.2 CANADA 54

10.2.3 MEXICO 55

10.3 EUROPE 56

10.3.1 GERMANY 58

10.3.2 UK 59

10.3.3 FRANCE 60

10.3.4 SPAIN 61

10.3.5 ITALY 62

10.3.6 REST OF EUROPE 63

10.4 ASIA-PACIFIC 64

10.4.1 CHINA 66

10.4.2 JAPAN 67

10.4.3 INDIA 68

10.4.4 AUSTRALIA & NEW ZEALAND 69

10.4.5 REST OF ASIA-PACIFIC 70

10.5 REST OF THE WORLD 71

10.5.1 SOUTH AMERICA 73

10.5.2 MIDDLE EAST 74

10.5.3 AFRICA 75

11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION 76

11.1.1 MARKET STRATEGY ANALYSIS 76

11.2 COMPETITIVE BENCHMARKING 77

11.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 78

11.3.1 PRODUCT LAUNCH 78

11.3.2 EXPANSIONS 79

11.3.3 AGREEMENT 79

11.3.4 PARTNERSHIP 80

11.3.5 ACQUISITION 80

12 COMPANY PROFILES
12.1 BACARDI LIMITED 81

12.1.1 COMPANY OVERVIEW 81

12.1.2 FINANCIAL OVERVIEW 81

12.1.3 PRODUCTS OFFERED 81

12.1.4 KEY DEVELOPMENTS 82

12.1.5 SWOT ANALYSIS 83

12.1.6 KEY STRATEGIES 83

12.2 THE BROWN-FORMAN CORPORATION 84

12.2.1 COMPANY OVERVIEW 84

12.2.2 FINANCIAL OVERVIEW 84

12.2.3 PRODUCTS OFFERED 85

12.2.4 KEY DEVELOPMENTS 85

12.2.5 SWOT ANALYSIS 86

12.2.6 KEY STRATEGIES 86

12.3 PERNOD RICARD 87

12.3.1 COMPANY OVERVIEW 87

12.3.2 FINANCIAL OVERVIEW 87

12.3.3 PRODUCTS OFFERED 88

12.3.4 KEY DEVELOPMENTS 88

12.3.5 SWOT ANALYSIS 89

12.3.6 KEY STRATEGIES 89

12.4 DIAGEO PLC 90

12.4.1 COMPANY OVERVIEW 90

12.4.2 FINANCIAL OVERVIEW 90

12.4.3 PRODUCTS OFFERED 91

12.4.4 KEY DEVELOPMENTS 91

12.4.5 SWOT ANALYSIS 92

12.4.6 KEY STRATEGIES 92

12.5 SUNTORY BEVERAGE AND FOOD LIMITED 93

12.5.1 COMPANY OVERVIEW 93

12.5.2 FINANCIAL OVERVIEW 93

12.5.3 PRODUCTS OFFERED 94

12.5.4 KEY DEVELOPMENTS 94

12.5.5 SWOT ANALYSIS 95

12.5.6 KEY STRATEGIES 95

12.6 CONSTELLATION BRANDS, INC. 96

12.6.1 COMPANY OVERVIEW 96

12.6.2 FINANCIAL OVERVIEW 96

12.6.3 PRODUCTS OFFERED 97

12.6.4 KEY DEVELOPMENTS 97

12.6.5 KEY STRATEGIES 97

12.7 DISTELL GROUP LIMITED 98

12.7.1 COMPANY OVERVIEW 98

12.7.2 FINANCIAL OVERVIEW 98

12.7.3 PRODUCTS OFFERED 99

12.7.4 KEY DEVELOPMENTS 99

12.7.5 KEY STRATEGIES 99

12.8 WILLIAM GRANT & SONS 100

12.8.1 COMPANY OVERVIEW 100

12.8.2 FINANCIAL OVERVIEW 100

12.8.3 PRODUCTS OFFERED 100

12.8.4 KEY DEVELOPMENTS 101

12.8.5 KEY STRATEGIES 101

12.9 ASAHI GROUP HOLDINGS, LTD 102

12.9.1 COMPANY OVERVIEW 102

12.9.2 FINANCIAL OVERVIEW 102

12.9.3 PRODUCTS OFFERED 103

12.9.4 KEY DEVELOPMENTS 103

12.9.5 KEY STRATEGIES 103

12.10 SAN MIGUEL CORPORATION 104

12.10.1 COMPANY OVERVIEW 104

12.10.2 FINANCIAL OVERVIEW 104

12.10.3 PRODUCTS OFFERED 105

12.10.4 KEY DEVELOPMENTS 105

12.10.5 KEY STRATEGIES 105

13 REFERENCES