Global Premium Spirit Market Size & Outlook
The premium spirit industry worldwide is expected to reach a projected revenue of US$ 235,737.1 million by 2027. A compound annual growth rate of 10.3% is expected of the worldwide premium spirit industry from 2020 to 2027.
Revenue, 2019 (US$M)
$107,744.1
Forecast, 2027 (US$M)
$235,737.1
CAGR, 2020 - 2027
10.3%
Report Coverage
Worldwide
Global premium spirit market, 2016-2027 (US$M)
Related Markets
Global premium spirit market highlights
- The global premium spirit market generated a revenue of USD 107,744.1 million in 2019 and is expected to reach USD 235,737.1 million by 2027.
- The market is expected to grow at a CAGR (2020 - 2027) of 10.3% by 2027.
- In terms of segment, vodka accounted for a revenue of USD 32,189.4 million in 2019.
- Tequila is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2019.
- Country-wise, Brazil is expected to register the highest CAGR from 2020 to 2027.
Global data book summary
| Market revenue in 2019 | USD 107,744.1 million |
| Market revenue in 2027 | USD 235,737.1 million |
| Growth rate | 10.3% (CAGR from 2019 to 2027) |
| Largest segment | Vodka |
| Fastest growing segment | Tequila |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vodka, Whisky, Gin, Tequila, Rum, Brandy |
Other key industry trends
- In terms of revenue, the North America accounted for 24.7% of the global premium spirit market in 2019.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2027.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 8,148.1 million by 2027.
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Premium Spirit Market Scope
Premium spirit market segmentation & scope
Premium Spirit Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global premium spirit market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to premium spirit market will help companies and investors design strategic landscapes.
vodka was the largest segment with a revenue share of 29.88% in 2019. Horizon Databook has segmented the Global premium spirit market based on vodka, whisky, gin, tequila, rum, brandy covering the revenue growth of each sub-segment from 2016 to 2027.
- Global Premium Spirit Product Outlook (Revenue, USD Million, 2016-2027)
- Vodka
- Whisky
- Gin
- Tequila
- Rum
- Brandy
- Others
- Global Premium Spirit Distribution Channel Outlook (Revenue, USD Million, 2016-2027)
- On-trade
- Off-trade
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global premium spirit market databook
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Our clientele includes a mix of premium spirit market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global premium spirit market , including forecasts for subscribers. This global databook contains high-level insights into Global premium spirit market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
Global premium spirit market size statistics, by regions, 2016-2027 (US$M)
Top 10 countries: Premium spirit market size size, 2019 (USD Million)
Top 10 countries: Premium spirit market size size, 2019 (USD Million)
Global premium spirit market, by region, 2019 (US$M)
Related regional statistics
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