Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Dark Spirits Market Size

The global dark spirits market attained a value of nearly USD 98.69 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.5% to reach about USD 173.93 billion by 2032. 

 

The Dark Spirits Industry in the Asia Pacific to Grow at a Robust Pace

The Asia Pacific grew at a robust pace within the global dark spirits industry and is expected to continue to witness a healthy growth in the coming years. The market in the Asia Pacific is being aided by the healthy production of dark spirits in the developing countries of the Asia Pacific like India. Further, the demand in the premium section has shown a witnessable rise over the past few years as with rising purchasing power, many customers are developing their taste in the premium section that offers unique and classic experiences. Due to rapid urbanisation and an increase in disposable incomes of the consumers, the dark spirits industry in the Asia Pacific is expected to witness a robust growth over the forecast period.

 

Dark Spirits Market Report Snapshots

Dark Spirits Market Size

Dark Spirits Market Growth

Dark Spirits Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the market attained a value of nearly USD 98.69 billion.

The market is projected to grow at a CAGR of 6.5% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach almost USD 173.93 billion by 2032.           

The major market drivers include the rising population, growing urbanisation, and the growing demand for craft spirits among millennials.

The key trends guiding the market growth are the rising demand for clean labelled, organic, natural, additive-free, and GMO-free alcohol and the introduction of new product variants that meet evolving consumer demands.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The various dark spirit types considered in the market report are whiskey, rum, and brandy.

The leading distribution channels of dark spirits are on-trade and off-trade.

The major players in the market are Anheuser-Busch InBev SA/NV, Asahi Group Holdings, Ltd., Kirin Brewery Company, Limited, Suntory Holdings Limited, and Diageo Plc, among others.

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