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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Leading Manufacturers in the Vodka Market
Key companies and major distributors are catering to specific preferences of consumers by focusing on their primary ingredients.
Diageo PLC: Founded in 1997, with its headquarters in the United Kingdom, a major distributor, owns distilleries producing 40% of Scotch whisky and several renowned spirits brands globally.
Pernod Ricard Group: Founded in 1975, with its headquarters in France, is the world's second-largest wine and spirits seller and is renowned for its anise-flavoured pastis apéritifs, including Pernod and Ricard.
Grey Goose: Founded in 1997, with its headquarters in France, a vodka brand created in the 1990s by American businessman Sidney Frank, Grey Goose, was acquired by Bacardi in 2004.
Fifth Generation, Inc.: Founded in 1997, with its headquarters in the United States, developed its high-quality vodka brand called TITO’s Vodka, focusing on producing vodka using yellow corn as the primary ingredient.
Other global vodka market key players are Polmos Zyrardów Sp. z o.o. , William Grant & Sons Ltd., Stoli Group USA, LLC, Russian Standard Vodka LLC, Brown-Forman, and Wodka Company Ltd, among others.
Vodka Market Report Snapshots
Vodka Market Regional Analysis
*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
The vodka market was valued at USD 40.12 billion in 2023.
The market is projected to grow at a CAGR of 6.7% between 2024 and 2032.
The revenue generated from the vodka market is expected to reach USD 71.92 billion in 2032.
The major market drivers are the increasing preference of flavoured vodka among the young generation, the use of vodka in cocktails, and the rising consumer disposable income, along with the growing culture of clubbing.
Companies are actively shifting towards the production of flavoured vodkas and procurement of quality materials to make vodkas or infused cocktails and spirits, which are the key trends guiding the market growth.
Russia is known to consume more vodka than any other country in the world.
Vodka accounts for a healthy share of the global alcohol market, with its sales volume increasing by several million cases and contributing to the total liquor sales.
The market key players are Diageo PLC, Pernod Ricard Group, Grey Goose, Polmos Zyrardów Sp. z o.o., William Grant & Sons Ltd., Stoli Group USA, LLC, Russian Standard Vodka LLC, Brown-Forman, Fifth Generation, Inc., and Wodka Company Ltd, among others.
The market is categorised according to the type, which includes plain vodka, flavoured vodka, and fruit vodka.
Based on the distribution channel, the market is divided into off-trade and on-trade.
The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
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+91-858-608-1494
Philippines
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+63 287899028, +63 967 048 3306
United Kingdom
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+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124