Asia-Pacific distilled spirits market is estimated to grow at a CAGR of 3.8% during the forecast period. The Asia-Pacific distilled spirits industry valued at $138.3 billion in 2018 and is estimated to reach $178.3 billion in 2025. There has been a gradual shift of consumers’ preference from beer and wine to spirits; as well as from illicit alcohol across emerging economies. The adoption of distilled spirits is being significantly driven by the rising purchasing power of consumers and increasing demand for beverages with natural flavours.
The increasing disposable income, growing acceptance of alcoholic beverages in social circles, and inclining consumer preference toward premium varieties of spirits is expected to result in gradual growth in favour of premium brands. Distilled spirits consist of brown spirits such as whiskey, rum, and brandy; and white spirits such as gin, vodka, and white rum. Imported alcoholic beverages are consumed less than locally manufactured brands in some countries such as India and Australia. The imported brands are mostly preferred by the rich and upper-middle-class in urban cities and are also popular among young professionals and entrepreneurs. Thus, the increasing demand for imported bands by these individuals is further expected to contribute to the growth of the Asia-Pacific distilled spirits market in the near future.
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Asia-Pacific Distilled Spirits Market Segmentation
By Type
- Whiskey
- Vodka
- Rum
- Gin
- Tequila
- Brandy
- Others
By Distribution Channel
- Online
- Offline
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Regional Analysis
- China
- Japan
- India
Rest of Asia-Pacific
Company Profiles
- Anheuser-Busch InBev
- Asahi Group Holdings, Ltd.
- Bundaberg Brewed Drinks Pvt. Ltd.
- Carlsberg Breweries A/S
- Constellation Brands Inc.
- DGB (Pty) Ltd.
- Diageo PLC
- Halewood International, Ltd.
- Heineken Holding N.V.
- Kirin Holdings Co. Ltd.
- Kweichow Moutai Co., Ltd.
- Molson Coors Brewing Co.
- Pernod Ricard S.A.
- SABMiller PLC
- Suntory Holdings, Ltd.
- Thai Beverage PLC
- The Boston Beer Company, Inc.
- Tsingtao Beer (H.K.) Trading Co., Ltd.
- United Breweries, Ltd.
- Wuliangye Yibin Co., Ltd.
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