$128.9bn
$XX.Xbn
333k
16,703
$XX.Xbn
The Global Spirits Manufacturing industry has benefited from premiumization trends in both developed and emerging economies over the past five years. Emerging markets like China and India have picked up the slack from Eastern European declines resulting from political tensions and government intervention. Spirit consumption in emerging markets has flourished alongside population growth and urbanization, while consumers in developed economies have spent more on spirits by trading up to premium products. The rising trend of ready-to-drink cocktails has fueled growth in developed economies, staving off competition from substitute beverages like wine and beer. However, COVID-19 put a slight damper on revenue in 2020, leading revenue for global spirits producers to drop at a CAGR of 2.0% to $128.9 billion in 2024 when revenue will inch down 1.0%.
Industry revenue has declined at a CAGR of 2.0 % over the past five years, to reach an estimated $128.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Bacardi Limited | 5,721.3 | N/A | N/A |
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Industry revenue is measured across several distinct product and services lines, including Whiskey, Rum and Tequila. Whiskey is the largest segment of the Global Spirits Manufacturing.
Canned cocktails' popularity bolsters white spirits
The Global Spirits Manufacturing industry consists of distilleries that purchase various ingredients, like grains and sugar and manufacture them into spirits. These spirits are bottled and sold to liquor wholesalers, bars, casinos, restaurants, hotels and other licensed retailers.
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Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Leading distilleries are innovating to meet consumer preferences for high-quality, sustainable liquor. They’ve invested in craft, ready-to-drink and nonalcoholic spirits, ref...
Learn about an industry's products and services, markets and trends in international trade.
Canned cocktails are gaining popularity in developed spirits markets, driven by younger consumers who value their convenience and versatility. The trend aligns with a broader...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Spirit sales in China have surged, driven notably by increased alcohol consumption among millennial women. Over the past five years, this demographic has significantly influe...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Price competition varies significantly between sub-premium and premium spirits. Sub-premium producers lure consumers with lower prices, whereas premium and super-premium dist...
Learn about the performance of the top companies in the industry.
Major distillers, adapting to evolving consumer preferences, have expanded their product portfolios. The rise of nonalcoholic beverages has led Diageo to launch its first-eve...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Global spirits manufacturers navigate stringent regulations regarding production, distribution and labeling. Most countries mandate that producers and distributors obtain a l...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Distillers' cost structures vary widely due to factors like the scale of operations, production facility locations, liquor type and local regulations. These elements signific...
Including values and annual change:
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The market size of the Global Spirits Manufacturing industry in Global is $128.9bn in 2024.
There are 16,703 businesses in the Global Spirits Manufacturing industry in Global, which has grown at a CAGR of 6.7 % between 2019 and 2024.
The market size of the Global Spirits Manufacturing industry in Global has been declining at a CAGR of 2.0 % between 2019 and 2024.
Over the next five years, the Global Spirits Manufacturing industry in Global is expected to grow.
The biggest company operating in the Global Spirits Manufacturing market in Global is Bacardi Limited
Producing whiskey and Producing vodka are part of the Global Spirits Manufacturing industry.
The company holding the most market share in Global is Bacardi Limited.
The level of competition is high and increasing in the Global Spirits Manufacturing industry in Global.