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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 |
Global Flavoured Spirits Market |
Analysis Period |
2015 – 2026 |
Historic Data |
2015 – 2016 |
Base Year |
2017 |
Forecast Data |
2018 – 2026 |
Market Stratification |
Type, Flavours, Distribution Channel, Geography |
Regional Scope |
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA) |
Report Coverage |
Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis |
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
Market By Flavors
Market By Distribution Channel
Market By Geography
Customer Satisfaction
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