Asia Pacific Spirits Market 2024

Description

Forecasts highlight a favorable growth outlook for the Asia Pacific spirits market, with a projected increase of USD 120.6 billion and a compound annual growth rate (CAGR) close to 5.9% through 2029. In Asia Pacific, the spirits market is booming, driven by rapid urbanization, increasing disposable income, and an expanding middle class. China and India are witnessing a surge in demand for premium spirits, particularly whiskey, as the rising affluence of younger generations fuels interest in luxury and aspirational consumption. The region’s deep-rooted alcohol culture, combined with Western influence, is also contributing to the popularity of international spirits brands, especially in metropolitan areas. Moreover, the growing trend of cocktail culture in countries like Japan and South Korea is contributing to an uptick in spirits consumption. The rise of craft distilleries and local spirits is also gaining momentum, reflecting both a desire for cultural identity and increasing sophistication in consumer preferences.

The report offers a comprehensive evaluation of the Asia Pacific spirits market, presenting crucial data on historical market size, growth patterns, and future projections. It provides a thorough breakdown of market segments and sub-segments, with a focus on key variables such as product type, distribution channel and country. This comprehensive evaluation aids in identifying the growth potential within the spirits industry.

Market Segmentation

The Asia Pacific spirits market is classified into the following segments:
Product type: brandy and cognac, liqueurs, non-alcoholic spirits, rum, tequila and mezcal, whiskies, white spirits, others
Distribution channel: convenience stores, supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, others
Country: Australia, China, India, Indonesia, Japan, Philippines, South Korea, Thailand, Vietnam, others

The Asia Pacific spirits market is segmented by product type, distribution channel and country. In terms of product type, the market is segmented into brandy and cognac, liqueurs, non-alcoholic spirits, rum, tequila and mezcal, whiskies, white spirits, and others. Distribution channel segmentation includes convenience stores, supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, and others. Geographically, the market includes Australia, China, India, Indonesia, Japan, Philippines, South Korea, Thailand, Vietnam and others.

Competitive Landscape

The competitive landscape of the spirits market has been analyzed, with a focus on key players such as Yuyuan Inc., Thai Beverage Public Company Limited, Takara Holdings Inc., Suntory Holdings Limited, Sichuan Yibin Wuliangye Distillery Co. Ltd., Sichuan Jiannanchun Group Co. Ltd., Shaanxi Xifeng Liquor Co. Ltd., San Miguel Corporation, Radico Khaitan Limited (RKL), Pernod Ricard Group, LVMH Moet Hennessy Louis Vuitton SA (LVMH), Luzhou Laojiao Co. Ltd., Lotte Corporation, Lang Jiu Group, Kweichow Moutai Co. Ltd., Jing Brand Co. Ltd., Jiangsu Yanghe Distillery Co. Ltd., Jiangsu King’s Luck Brewery JSC Ltd., Inbrew Holdings Pte. Ltd., Hunan Jiugui Liquor Co. Ltd., HITEJINRO CO. LTD., Hebei Hengshui Laobaigan Liquor Co. Ltd., Fenjiu Group, Diageo plc, Beijing Shunxin Agriculture Company Limited, Asahi Group Holdings Ltd., Anhui Yingjia Distillery Co. Ltd., Anhui Kouzi Distillery Co. Ltd., Anhui Gujing Group Co. Ltd. and Allied Blenders and Distillers Pvt. Ltd. (ABD).

This analysis offers a comprehensive overview of the main players in the spirits market, evaluating their performance trends from 2019 to 2023. Key findings illustrate shifts in market share, identifying both dominant firms and rising competitors.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Asia Pacific spirits market.
Gain in-depth analysis and forecasts for the key segments of the Asia Pacific spirits market: product type, distribution channel and country.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Asia Pacific spirits market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Asia Pacific spirits market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
A single unlimited user license within the same organization, with no additional charges for extra users.

Table of Contents

TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Asia Pacific Spirits Market – Product Type Analysis
Asia Pacific Spirits Market – Distribution Channel Analysis
Asia Pacific Spirits Market – Country Analysis
Key Players and Market Share
– Yuyuan Inc.
– Thai Beverage Public Company Limited
– Takara Holdings Inc.
– Suntory Holdings Limited
– Sichuan Yibin Wuliangye Distillery Co., Ltd.
– Sichuan Jiannanchun Group Co., Ltd.
– Shaanxi Xifeng Liquor Co., Ltd.
– San Miguel Corporation
– Radico Khaitan Limited (RKL)
…
Macroeconomic Data and Forecast
Disclaimer

FIGURES AND TABLES
Table Asia Pacific Spirits Market 2019-2029
Chart Asia Pacific Spirits Market, Net Growth, 2019-2029
Chart Asia Pacific Spirits Market, Growth Rates, 2019-2029
Table Asia Pacific Spirits Market by Product Type, 2019-2029
Chart Asia Pacific Spirits Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Asia Pacific Spirits Market by Product Type, 2019-2029
Table Asia Pacific Spirits Market by Distribution Channel, 2019-2029
Chart Asia Pacific Spirits Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Asia Pacific Spirits Market by Distribution Channel, 2019-2029
Table Asia Pacific Spirits Market by Country, 2019-2029
Chart Asia Pacific Spirits Market by Country, CAGR Historic and Forecast, 2019-2029
Chart Asia Pacific Spirits Market by Country, 2019-2029
Table Asia Pacific Spirits Market Share (%), by Companies, 2019-2023
Chart Asia Pacific Spirits Market, by Companies, 2023
Table Asia Pacific Spirits Market Share (%), by Brands, 2019-2023
Chart Asia Pacific Spirits Market, by Brands, 2023
Table Asia Pacific – Population (Millions) and Forecast
Table Asia Pacific – Consumer Price Index (CPI) and Forecast
Table Asia Pacific – Gross Domestic Product and Forecast
Table Asia Pacific Spirits Market: Spend as a Proportion of GDP (%)
Table Asia Pacific Spirits Market: Consumption per Capita (Population)

Companies Mentioned

Yuyuan Inc.
Thai Beverage Public Company Limited
Takara Holdings Inc.
Suntory Holdings Limited
Sichuan Yibin Wuliangye Distillery Co., Ltd.
Sichuan Jiannanchun Group Co., Ltd.
Shaanxi Xifeng Liquor Co., Ltd.
San Miguel Corporation
Radico Khaitan Limited (RKL)
Pernod Ricard Group
LVMH Moet Hennessy Louis Vuitton SA (LVMH)
Luzhou Laojiao Co., Ltd.
Lotte Corporation
Lang Jiu Group
Kweichow Moutai Co., Ltd.
Jing Brand Co., Ltd.
Jiangsu Yanghe Distillery Co., Ltd.
Jiangsu King’s Luck Brewery JSC Ltd.
Inbrew Holdings Pte. Ltd.
Hunan Jiugui Liquor Co., Ltd.
HITEJINRO CO., LTD.
Hebei Hengshui Laobaigan Liquor Co., Ltd.
Fenjiu Group
Diageo plc
Beijing Shunxin Agriculture Company Limited
Asahi Group Holdings, Ltd.
Anhui Yingjia Distillery Co., Ltd.
Anhui Kouzi Distillery Co., Ltd.
Anhui Gujing Group Co., Ltd.
Allied Blenders and Distillers Pvt. Ltd. (ABD)