Liqueur Market Overview
The liqueur market is expected to register a CAGR of 3.19% by the end of the forecast period and is expected to reach a value of USD 170.09 billion.
The Asia-Pacific liqueur market is witnessing growth, driven by factors such as the rising popularity of cocktails and mixed drinks, increasing urbanization, and a growing trend towards premiumization in the alcoholic beverage sector. Consumers in the region are seeking new and innovative flavors, driving the demand for a variety of liqueurs.
Cocktails made with premium spirits and other tastes are known as mixers. A rapidly growing youth population, paired with rising disposable income, is predicted to propel the market forward. Liqueurs have distinct tastes and flavours, which pique purchasers' interest in mixers. The liqueur sector is expected to benefit from the other industry's rapid growth, which can be attributed to the growing demand for sporting activities. In addition, the changing style of life and increased acceptance of cocktails in non-industrialized countries are projected to aid market growth. However, the high cost of liqueurs in many countries throughout the world will most likely stifle the growth of the liqueur market.
COVID-19 is a one-of-a-kind global public health hazard that has impacted practically every industry, and its long-term impacts are expected to have an impact on corporate growth during the assessment period. The continuous inquiry enhances our evaluation design to ensure that basic COVID-19 issues and common paths forward are considered.
Competitive Landscape
The liqueur key market players are E & J Gallo, William Grant & Sons, Boston Beer, Miller Coors, Diageo, Treasury Wine Estates, Jose Cuervo, Constellation Brands, Beam-Suntory, Mast-Jaegermeister, Bacardi, Pernod Ricard, Edrington Group, Brown-Forman, Pabst Brewing, Anheuser-Busch, Carlsberg, China Resource Enterprise, Accolade Wines, Vina Concha y Toro, Torres, Heineken, The Wine Group, Craft Brew Alliance Inc., Molson Coors Brewing Co., Hazelwood International Holdings Plc., and Bundaberg Brewed Drinks Pty Ltd.
Liqueur Market shows the competitive landscape by providing facts about a competitor, such as business profile, revenue generated, market potential, company financials, R&D investment, new market efforts, and so on. The data supplied is only relevant to the companies' emphasis on the liqueur beverages industry.
Market Segmentation
Based on type, the liqueur market has been segmented into coffee, fruit, creme & cream, herbs & spices, chocolate, and others.
Based on the distribution channels, the market has been segmented into supermarkets & hypermarkets, retail, food service, specialty stores, and others.
Based on market region, the market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
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