Industry Analysis & Industry Trends
As disposable income levels began to recover at the beginning of the five years to 2014, consumers began spending on discretionary items again, helping drive demand for value, premium and super premium spirit brands. Moreover, revenue grew at a double-digit rate, partly due to a strengthening economy and pent-up demand from the recession. Additionally, rising spirits consumption in emerging markets and increasing demand for higher-value spirits in developed markets is expected to result in solid revenue growth during the next five years... read more
Europe is the dominant region within the industry due to high spirits consumption and a strong spirits exporting industry. However, aging populations have curbed volume growth in most European countries. Additionally, repressed economic growth in the region is expected to significantly curb consumer spending on spirits.
Growth in disposable income and population is rapidly boosting industry revenue generated in Asia. The region is also gaining a greater acceptance of female drinking, which can potentially double the market size for distillers. Locally produced white spirits dominate the market, although the fastest growth is in international whiskey brands... read more