Flavored Spirits Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction

Flavored spirits are hard liquor or hard alcohol stimulated with supplementary flavors to make the alcohol unique as well as to raise its organoleptic characteristics. Numerous additives are added in order to make the spirits flavored. In certain cases, honey or sugar is also added to the liquor to augment its flavor. Flavored alcohols majorly have a base of whiskey, rum, tequila, vodka and others. Mounting acceptance of unique flavors in spirits is increasing the segment of flavored liquor in the spirits market. Additionally, consumer’s inclination towards experimental trials with new flavors has led high acceptance of flavored spirits in recent years.

Market Dynamics

Emerging economy and growing income have a key impact on this market. The amplified demand of liquor refreshment imparting unique flavors is also driving the growth of flavored spirits market globally. Change in standard of living and acceptance of the modern trends has inclined the high trade of flavored spirits market. Government rules and regulations for liquor in high progression market like India is expected to restraint the overall flavored spirit market. Sales of liquor in India are solitary restricted to government approved shops. Also, alcohol promotion is forbidden along with alcohol consumption in public places are projected to impact market growth adversely. Growing mandate for fortified and energizing flavored liquor beverages are expected to boost growth of this market in future years.

Market Classification

The market can be bifurcated on the basis of type, flavors, distribution channel and geography.By type,global flavored spirits market can be segmented into  vodka, rum, tequila, whiskey, gin and others. By flavors, global flavored spirits market can be segmented into fruits, nuts & seeds and herbs & spices. By distribution channel, global flavored spirits market can be segmented into supermarket/hypermarket, specialty retailers, convenience stores, e-commerce and others. On the basis of geography, the global flavored spirits market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

Report Coverage

Market Participants

Some of the major players involved in global flavored spirits market include Constellation Brands Inc., Diageo Plc, Marnier Lapostolle SA, Davide Campari-Milano S.p.A., Pernod Ricard, Mast-Jägermeister SE, and The Brown-Forman Corporation among others.

Market Segmentation

Market By Type

• Whiskey
• Rum
• Vodka
• Tequila
• Gin
• Others

Market By Flavors

• Herbs & Spices
• Fruits
• Nuts & Seeds
• Others

Market By Distribution Channel

• Supermarket/Hypermarket
• Specialty Retailers
• Convenience Stores
• E-Commerce
• Others

Market By Geography

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Chile
  • Rest of LATAM
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA