Speciality Spirits Market Overview
Speciality Spirits Market size is estimated to be $93 billion in 2019, growing at a CAGR of 7.1% during the forecast period 2020-2025. Increasing awareness of nutritional benefits from Speciality Spirits, rising demand of flavored drinks is a significant factor driving the Speciality Spirits Market during the forecast period 2020-2025.Futhermore, Speciality drinks helps in weight loss, regulates blood pressure, relieves pressure, lowers fever, improve digestion and soothes toothache. Moreover, Stoelzle Glass Group is one of the leading manufacturer of high end-bottles for premium spirits and liquors. In addition Stoelzle has a great expertise in custom design and standard glass containers. With a larger section of the employed population, the demand for convenience flavored alcoholic beverages, non-alcoholic spirits, distilled spirits is higher which is likely to boost the economic income of the Speciality Spirits market in the coming years.
The report: “Speciality Spirits Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Speciality Spirits Market.
By Product-Baijiu, Shochu, Sake, Soju, Raki, Cachaca and Others.
By Geography-North America, Europe, Asia-Pacific and Rest of the World.
- Baijiu is projected to be the fastest growing segment with a CAGR of 6.4% during the forecast period 2020-2025.
- North America dominated the Speciality Spirits Market in 2019 owing the increasing awareness of nutrition benefits, increasing demand of flavored drinks & beverages in that region.
- Increasing awareness among consumers regarding nutritional benefits of alcoholic beverages is a significant factor driving the Speciality Spirits market during the forecast period 2020-2025.
By Product- Segment Analysis
By Product the Speciality Spirits Market is segmented into Baijiu, Shochu, Soju, Raki, Sake, Cachaca and Others. Among these Baijiu accounted for the largest market share in 2019 owing to the increasing health-conscious population and the growing demand of flavored drinks and alcoholic-beverages across the world. Furthermore, baijiu has also great benefit of preventing cardiovascular diseases by effectively reducing cholesterol deposition in the coronary arteries. Since low-density lipoprotein in the human body, has the potential to cause cardiovascular diseases, it is beneficial to drink baijiu as it increases the amount of high-density lipoprotein which transfer low-density lipoprotein from blood vessels and coronary arteries. Moreover, Chinese baijiu is very beneficial to the circulatory system and cardiovascular system as it expands small blood vessels, promote blood circulation and delays the deposition of cholesterol and other lipids in the blood vessels wall. These are the key benefits which are further driving the Speciality Spirits market during the forecast period 2020-2025.
Geography- Segment Analysis
North America accounts for 43% of the Speciality Spirits Market share in 2019 owing the increasing awareness of nutrition benefits, increasing demand of flavored drinks & beverages in that region. Moreover, Marcott is the most popular American drinks is a liquor distilled from potatoes or grains that was often infused with wormwood. The drink is characterized by its sharp flavor and a long bitter aftertaste. Furthermore, the presence of major players such as Fazenda Futuro and Takaro Bio is also contributing to its market growth.
Drivers – Speciality Spirits Market
- Increasing Awareness Among Consumer Regarding Nutritional Benefits of Speciality Spirits
Increasing awareness among consumers regarding nutritional benefits of alcoholic beverages is a significant factor driving the Speciality Spirits market during the forecast period 2020-2025. Furthermore the increasing demand of beer and vodka is also contributing to its market growth. Growing developments and product launches by major players is a significant factor driving the Speciality Spirits Market during the forecast period 2020-2025.
- Increasing Demand of Baijiu
Increasing demand of baijiu is a major factor driving the Speciality Spirits Market during the forecast period 2020-2025. Changing lifestyle along with the growing the health concern and hectic schedules of people around the world is further driving its market. Furthermore, the wide acclamation in celebratory events and household occasion there is a demand for drinks which is further contributing to its market growth.
Challenges – Speciality Spirits Market
- High Cost of Speciality Spirits
Some of the factors that may impede the growth of Speciality Spirits Market are high cost of Speciality Spirits during the forecast period 2020-2025.High cost of liquor coupled with some of major road accidents by people who are drinks is a significant factor hampering its market growth.
Speciality Spirits Market Industry Outlook
Product Launches, Merger & Acquistion, joint ventures and R&D activities are key strategies adopted by the players in Speciality Spirits Market. Speciality Spirits Market top 10 companies are IRB Tatuzinho 3 Fazendas, Hite Jinro, Lotte, Luzhou Laojiao, Sanwa Shurui, Takara Shuzo, Fazenda Futuro, Prohibition Spirits Distillery, International Wines & Craft Beer and Craft Distillers .
- April 2019: Prohibition Distillery announced Travel Bar Restoration Project.
1. Speciality Spirits Market Overview
1.1 Definitions and Scope
2. Speciality Spirits Market - Executive Summary
2.1 Market Revenue and Key Trends
2.2 Key trends by Product
2.3 Key trends by Geography
3. Speciality Spirits Market –Comparative Analysis
3.1 Product Benchmarking - Key companies
3.2 Financials Analysis - Key Companies
3.3 Market Share Analysis- Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis
4. Speciality Spirits Market- Startup companies Scenario Premium (Premium)
4.1 Key Startup Company Analysis by
4.1.3 Application Analysis
4.1.4 Venture Capital and Funding Scenario
5. Speciality Spirits Market – Industry Market Entry Scenario Premium (Premium)
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Speciality Spirits Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters Five Force Model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Speciality Spirits Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
8. Speciality Spirits Market – By Product(Market Size –$Million/$Billion)
9. Speciality Spirits Market - By Geography (Market Size -$Million/$Billion)
9.1 North America
9.2.6 Rest of Europe
9.3.3 South Korea
9.3.5 Australia & New Zealand
9.3.6 Rest of Asia-Pacific
9.4 Rest of the World
9.4.1 Middle East
9.4.3 South America
10. Speciality Spirits Market - Entropy
11. Speciality Spirits Market – Industry/Segment Competition Landscape (Premium)
11.1. Market Share Analysis
11.1.1 Global Market Share – Key Companies
11.1.2 Market Share by Region – Key companies
11.1.3 Market Share by Country- Key companies
11.1.4 Best Practices for Companies
12. Speciality Spirits Market – Key Company List by Country Premium (Premium)
13. Speciality Spirits Market Company Analysis
13.1 Company Revenue, Products, M&A, Developments
13.2 IRB Tatuzinho 3 Fazendas
13.3 Hite Jinro
13.5 Luzhou Laojiao
13.6 Sanwa Shurui
13.7 Takara Shuzo
13.8 Fazenda Futuro
13.9 Prohibition Spirits Distillery
13.10 International Wines & Craft Beer
13.11 Craft Distillers
*Financials for private companies would be provided on a best efforts basis”.