LONDON, Oct. 17, 2018 /PRNewswire/ -- Opportunities in
the Global Spirits Sector: Analysis of Opportunities Offered by
High Growth Economies
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Summary
A growing population of youngsters reaching the legal drinking age
(LDA), improving economy, and the rising middle income population
across APAC and MEA regions will remain the primary factors driving
growth in the sector globally. With drinking viewed as a way to
unwind and relax after a long day, the large working population
worldwide will continue to support growth in demand for
spirits.Global Spirits sector was valued at US$689.1 billion in 2017 and is forecast to
record a CAGR of 4.5% in value terms during 2017-2022. Asia-Pacific was the largest global market for
spirits, accounting for a 57.8% share of total value sales in 2017.
Additionally, the region is forecast to record the second-fastest
value growth at a CAGR of 5.4% during 2017-2022.
The value share of spirits in the global alcoholic beverages
industry is forecast to increase during 2017-2022, led by rising
share in Asia-Pacific and
Americas, MEA, and Western Europe.
However, the value share of spirits in the overall alcoholic
beverages industry is set to witness a decline in the Eastern Europe, driven by growing share of
beer & cider in these regions.The UK emerged as the largest
market in Western Europe with a
value share of 24.4% in 2017, while the UAE was the largest in the
MEA region with a value share of 61% in 2017. The overall share for
private label products in the global spirits sector stood at 5.8%
estimated at 1,892.3 million liters in 2017, up from 1,574.3
million liters in 2012.
Hypermarkets & supermarkets was the leading distribution
channel for the global spirits sector, with a volume share of 40.9%
in 2017, followed by food & drinks specialists with a 31.3%
share of total volume sales. Glass was the most commonly used
package material in the spirits sector, accounting for 99.8% of the
volume share in 2017.
The report "Opportunities in the Global Spirits Sector", provides
an overview of global and regional markets covering - Asia-Pacific, Middle
East & Africa,
Americas, Western Europe, and
Eastern Europe - highlighting
sector size, growth drivers, latest developments, and future
inhibitors for the region.
It also identifies top ten high potential countries and provides
deep dive analysis of top countries in each region.The report draws
on the sector data by analyzing key distribution channels for
prepared meals in the global market.
Sector data is also used for studying the level of competition in
the sector by identifying the top brands at a global and regional
level with insights on sector shares of private label products.
The report specifically covers -
- Sector overview: provides an overview of current sector scenario
regarding the future outlook in terms of ingredients, product
claims, labeling, and packaging. The analysis also covers regional
overview across five regions - Asia-Pacific, Middle
East & Africa, the
Americas, Western Europe, and
Eastern Europe - highlighting
sector size, growth drivers, latest developments, and future
inhibitors for the region.
- Change in consumption: provides a shift in the consumption of
spirits as compared to other major sectors such as beer &
cider, and wine during 2012-2022 at global and regional level.
- High potential countries: provides risk-reward analysis of top 4
high potential countries by region, based on market assessment,
economic development, socio-demographic, governance indicators, and
technological infrastructure.
- Country and regional analysis: provides deep-dive analysis of 10
high potential countries across the regions covering value growth
during 2017-2022, key challenges, consumer demographics, and key
trends. It also includes regional analysis covering future outlook
for the region.
- Competitive landscape: provides an overview of leading brands at
global and regional level, besides analyzing the product profile,
country level presence, market share, and growth of private labels
in each region.
- Key distribution channels: provides analysis on the leading
distribution channels in the global spirits sector in 2017. It
covers four distribution channels: hypermarkets & supermarkets,
food & drinks specialists, on -trade, and others, which
includes convenience stores, e-retailers, department stores, cash
& carries & warehouse clubs, "dollar stores", variety
stores & general, merchandise retailers, drug stores &
pharmacies, and vending machines.
- Preferred packaging formats: the report provides percentage share
(in 2017) and growth analysis (during 2012-2022) for various
package materials, pack types, closures, and primary outer types
based on the volume sales (by pack units) of spirits products.
Companies Mentioned: Diageo plc, PernodRicard SA, HITEJINRO CO LTD,
Thai Beverage Company, Beijing Red Star Co Ltd, NiuLan Shan
Distillery, Lotte Co., Ltd., Suntory Holdings Ltd, Allied Blenders
And Distillers Pvt. Ltd., Emperador Distillers, Inc., Jiangsu
Yanghe Group Co.,Ltd., Bacardi Limited, Ginebra San Miguel Inc.,
RadicoKhaitan Ltd, Sichuan YibinWuliangye Distillery Co Ltd,
Brown-Forman Corporation, Russian Standard Corporation, Shanxi
XinghuaCun Fen Jiu Group Co., Ltd, takarashuzo co ltd, Davide
Campari-Milano S.p.A.
Scope
- The report provides an overview of global and regional markets
covering - Asia-Pacific,
Middle East & Africa, Americas, Western Europe, and Eastern Europe - highlighting sector size,
growth drivers, latest developments, and future inhibitors for the
region.
- It also identifies top ten high potential countries and provides
deep dive analysis of top countries in each region.
- The report draws on the sector data by analyzing key distribution
channels for prepared meals in the global market.
- Sector data is also used for studying the level of competition in
the sector by identifying the top brands at a global and regional
level with insights on sector shares of private label products.
Reasons to buy
- To have a thorough fact based analysis with information about the
global spirits sector across the five regions in value terms and
the underlying factors that are driving the sales
- To gain confidence to make the correct business decisions based
on a detailed analysis of the global spirits sector and to identify
high potential countries over the next 5 years
- The analysts have placed a significant emphasis on the mega
trends that drive consumer choice and will provide a clear picture
about the future opportunities that can be explored across the
regions, resulting in revenue expansion
- To gain competitive intelligence about leading brands in the
spirits sector at global and regional level with information about
their sector share, business descriptions and product profiles.
Download the full report:
https://www.reportbuyer.com/product/5026551
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