Singapore Spirits Market 2025

The Singapore spirits market is on track for slight growth, expected to expand from USD 1,763.7 million in 2024 to USD 2,206.0 million by 2030, with a CAGR of 3.8% during the evaluated period. Singapore’s spirits market is fueled by a high-income, cosmopolitan population and a growing affinity for premium products. The city-state’s vibrant nightlife scene, paired with an increasing number of international cocktail bars and luxury lounges, is driving demand for premium and artisanal spirits. Additionally, Singapore’s status as a regional hub for tourism and international business is boosting the market for high-end spirits, as both locals and visitors seek out premium whisky, gin, and rum options. The rise of health-conscious drinking, with the growing demand for low-alcohol and non-alcoholic alternatives, is also contributing to the market’s evolution.

Providing a strategic perspective on the Singapore spirits market, this report analyzes historical trends from 2020 to 2024 and forecasts market developments through 2030. It delves into market size, growth rates, and segment-level insights, uncovering the forces shaping the industry’s future. By examining product type, category and distribution channel, the report delivers a robust framework for understanding market dynamics and identifying pathways for growth.

Market Segmentation

The Singapore 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
Category: craft, non-craft
Distribution channel: convenience stores, supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, others

The segmentation of the Singapore spirits market product type, category and distribution channel. The market is classified by product type into brandy and cognac, liqueurs, non-alcoholic spirits, rum, tequila and mezcal, whiskies, white spirits, and others. Category segments encompass craft, and non-craft. Distribution channel segmentation includes convenience stores, supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, and others.

Competitive Landscape

Key players in the Singapore spirits market include William Grant & Sons Ltd., The Edrington Group Limited, Suntory Holdings Limited, SPI Group, Remy Cointreau Group, Pernod Ricard Group, LVMH Moet Hennessy Louis Vuitton SA (LVMH), Lucas Bols B.V., Lotte Corporation, HITEJINRO CO. LTD., Diageo plc, Coolpotions Pte. Ltd., Choya Umeshu Co. Ltd., Brown-Forman Corporation, Becle S.A.B. de C.V., Bacardi Limited and Asahi Group Holdings Ltd.

This analysis offers a comprehensive overview of the main players in the spirits market, evaluating their performance trends from 2020 to 2024. 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 Singapore spirits market.
Gain in-depth analysis and forecasts for the key segments of the Singapore spirits market: product type, category and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Singapore spirits market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Singapore spirits market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents

TABLE OF CONTENTS
Key Findings
Market Segmentation
Market Overview
Singapore Spirits Market – Product Type Analysis
Singapore Spirits Market – Category Analysis
Singapore Spirits Market – Distribution Channel Analysis
Company Shares Analysis
William Grant & Sons Ltd.
The Edrington Group Limited
Suntory Holdings Limited
SPI Group
Remy Cointreau Group
Pernod Ricard Group
LVMH Moet Hennessy Louis Vuitton SA (LVMH)
Lucas Bols B.V.
Lotte Corporation
…
Macroeconomic Data and Forecast
Research Methodology
Disclaimer

FIGURES AND TABLES
Table Singapore Spirits Market 2020-2030
Chart Singapore Spirits Market, Net Growth, 2020-2030
Chart Singapore Spirits Market, Growth Rates, 2020-2030
Table Singapore Spirits Market by Product Type, 2020-2030
Chart Singapore Spirits Market by Product Type, CAGR Historic and Forecast, 2020-2030
Chart Singapore Spirits Market by Product Type, 2020-2030
Table Singapore Spirits Market by Category, 2020-2030
Chart Singapore Spirits Market by Category, CAGR Historic and Forecast, 2020-2030
Chart Singapore Spirits Market by Category, 2020-2030
Table Singapore Spirits Market by Distribution Channel, 2020-2030
Chart Singapore Spirits Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Singapore Spirits Market by Distribution Channel, 2020-2030
Table Singapore Spirits Market Share (%), by Companies, 2020-2024
Chart Singapore Spirits Market, by Companies, 2024
Table Singapore Spirits Market Share (%), by Brands, 2020-2024
Chart Singapore Spirits Market, by Brands, 2024
Table Singapore – Population (Millions) and Forecast
Table Singapore – Consumer Price Index (CPI) and Forecast
Table Singapore – Gross Domestic Product and Forecast
Table Singapore Spirits Market: Spend as a Proportion of GDP (%)
Table Singapore Spirits Market: Consumption per Capita (Population)

Companies Mentioned

William Grant & Sons Ltd.
The Edrington Group Limited
Suntory Holdings Limited
SPI Group
Remy Cointreau Group
Pernod Ricard Group
LVMH Moet Hennessy Louis Vuitton SA (LVMH)
Lucas Bols B.V.
Lotte Corporation
HITEJINRO CO., LTD.
Diageo plc
Coolpotions Pte. Ltd.
Choya Umeshu Co., Ltd.
Brown-Forman Corporation
Becle, S.A.B. de C.V.
Bacardi Limited
Asahi Group Holdings, Ltd.