Alcoholic spirit is most commonly known as ‘Hard liquor’ or ‘liquor.’ These distilled spirits are made from grains, fruits, or other sugar sources by the process of fermentation followed by distillation in a heating and cooling process that is meant to concentrate the alcohol. The distillation process involves heating the fermented alcohol and simultaneously capturing the steam that is released, after which the steam is cooled to obtain the distillate with more percentage of alcohol.
According to the new market research report “Global Alcoholic Spirits Market Report 2023-2029”, published by QYResearch, the global Alcoholic Spirits market size is projected to reach USD 641.25 billion by 2029, at a CAGR of 3.7% during the forecast period.
Figure. Global Alcoholic Spirits Market Size (US$ Million), 2018-2029
Figure. Global Alcoholic Spirits Top 12 Players Ranking and Market Share（Based on data of 2021, Continually updated）
The global key manufacturers of Alcoholic Spirits include Maotai, Wuliangye, Diageo, Pernod Ricard, Bacardi, Brown-Forman, Suntory, LVMH, William Grant & Sons, Edrington, etc. In 2021, the global top five players had a share approximately 10.0% in terms of revenue.
For more information, please contact the following e-mail address:
Email: global@qyresearch.com
Website: https://www.qyresearch.com
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.