Lewes, DE -- (SBWire) -- 04/01/2016 --Report forecast the global specialty spirits market to grow at a CAGR of 1.05% during the period 2016-2020.
Specialty spirits are region-specific traditional spirits. Baijiu in China, soju in South Korea, sochu in Japan, Cachaça in Brazil, and raki in Turkey are some of the popular specialty spirits.
The global specialty spirits market is dominated by APAC. China is the largest market for specialty spirits. Rising disposable incomes, especially in developing nations, coupled with increased expenditure on alcohol has fueled the global specialty spirits market.
The report covers the present scenario and the growth prospects of the global specialty spirits market for the period 2016-2020. The market size and forecasts provided in this report are in terms of revenue and volume and are calculated on the basis of retail sales of specialty spirits.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, specialty spirits from different regions have grown in popularity in recent years; cachaça in Brazil, baijiu in China, and raki in Turkey are some of the spirits that are gaining in popularity. Baijiu, which is popular in Asia, has seen increasing demand from consumers in the US. Baiju has an alcohol content similar to that of vodka. Vendors have introduced flavored varieties such as cinnamon, pear, ginger, and honey to cater to consumer preferences.
Further, the report states that the campaigns against alcohol consumption launched by various organizations in many countries are another challenge hindering market growth.
Global Specialty Spirits Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the Global Specialty Spirits Market: HiteJinro, IRB Tatuzinho 3 Fazendas (Tatuzinho), Kirishimashuzo, Kumbokju, Lotte, Luzhou Laojiao, Sanwa Shurui, and Takara Shuzo.
Other Prominent Vendors in the market are: Asahi Breweries, Beam Suntory, Beijing Red Star, Companhia Müller de Bebidas, Diageo, Engarrafamento Pitu, Kweichow Moutai, and Wuliangye.
Market driver
- High demand in APAC and other developing markets
- For a full, detailed list, view our report
Market challenge
- Campaigns against alcohol consumption
- For a full, detailed list, view our report
Market trend
- Increasing online sales of specialty spirits
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 66 pages and 41 Exhibit "Global Specialty Spirits Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Market segmentation distribution, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-specialty-spirits-market-2016-2020
Find all Alcoholic Beverages report at: http://www.marketresearchreports.com/alcoholic-beverages
About Market Research Reports, Inc.
Market Research Reports, Inc. is the world's leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.
Yearly/Quarterly Report Subscription: http://www.marketresearchreports.com/subscriptions
