Global spirits sector was valued at US$689.1 billion in 2017 and is forecast to record a CAGR of 4.5% in value terms during 2017–2022. Asia-Pacific was the largest global market for spirits, accounting for a 57.8% share of total value sales in 2017. Additionally, the region is forecast to record the second-fastest value growth at a CAGR of 5.4% during 2017–2022.
The UK emerged as the largest market in Western Europe with a value share of 24.4% in 2017, while the UAE was the largest in the MEA region with a value share of 61% in 2017. The overall share for private label products in the global spirits sector stood at 5.8% estimated at 1,892.3 million liters in 2017, up from 1,574.3 million liters in 2012. Hypermarkets & supermarkets was the leading distribution channel for the global spirits sector, with a volume share of 40.9% in 2017, followed by food & drinks specialists with a 31.3% share of total volume sales. Glass was the most commonly used package material in the spirits sector, accounting for 99.8% of the volume share in 2017.
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Published: Sept 2018
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