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Spirit Production in Italy - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

IT-C1101 July 2024 Factsheet

Revenue

€3.7bn

2019-2024 3.4 %
2024-2029 X.X %

Employees

4,749

2019-2024 0.0 %
2024-2029 X.X %

Businesses

569

2019-2024 0.9 %
2024-2029 X.X %

Wages

€XXX.Xm

2019-2024 X.X %
2024-2029 X.X %

Spirit Production in Italy market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Italy compared to Europe?

Country Benchmarking

Industry Data Italy

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#4 In Europe
Business
#5 In Europe
Employees
#7 In Europe
Wages
#4 In Europe

View industry report for Europe

Europe has a large and developed spirit distilling industry, owing to its place in European tradition and large market of alcohol drinkers. Eight of the world's 10 top alcohol-consuming nations lie in Europe. However, the tide is turning, as alcohol consumption is declining across the continent, fuelled by increasing health consciousness. The World Health Organisation's 2021 European health report states that Europeans consume 9.5 litres of pure alcohol, down 21% on 2000. Revenue is projected to fall at a compound annual rate of 5.8% over the five years through 2024, including a 4.8% fall in 2024 to €34.4 billion.

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Enterprises
Number of businesses in 2024

Biggest companies in the Spirit Production in Italy

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Bacardi Ltd
3,871.0
766.0
19.8
Davide Campari-Milano NV
3,170.0
616.8
19.5
William Grant & Sons Distillers Ltd
560.7
157.2
28.0

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Top Questions Answered in this Report

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What is the market size of the Spirit Production industry in Italy in 2024?

The market size of the Spirit Production industry in Italy is €3.7bn in 2024.

How many businesses are there in the Spirit Production in Italy industry in 2024?

There are 569 businesses in the Spirit Production industry in Italy, which has grown at a CAGR of 0.9 % between 2019 and 2024.

Has the Spirit Production industry in Italy grown or declined over the past 5 years?

The market size of the Spirit Production industry in Italy has been growing at a CAGR of 3.4 % between 2019 and 2024.

What is the forecast growth of the Spirit Production industry in Italy over the next 5 years?

Over the next five years, the Spirit Production industry in Italy is expected to grow.

What are the biggest companies in the Spirit Production market in Italy?

The biggest companies operating in the Spirit Production market in Italy are Bacardi Ltd , Davide Campari-Milano NV and William Grant & Sons Distillers Ltd

What does the Spirit Production in Italy include?

Whiskey and Vodka are part of the Spirit Production industry.

Which companies have the highest market share in the Spirit Production in Italy?

The company holding the most market share in Italy is Bacardi Ltd .

How competitive is the Spirit Production industry in Italy?

The level of competition is moderate and steady in the Spirit Production industry in Italy.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Manufacturers in the industry are concerned with the end-to-end process of spirits production, focusing on distilling, blending and bottling.

Related Terms

DISTILSPIRITSALCOHOL

What's included in this industry?

WhiskeyVodkaGrape-based spiritsGinOther

Companies

Bacardi Ltd Davide Campari-Milano NVWilliam Grant & Sons Distillers Ltd

Industry Code

ISIC 2006

1101 - Distilling, rectifying and blending of spirits in Italy

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Spirit Production in Italy industry?


Outlook

Analysis

What's driving the Spirit Production in Italy industry outlook?


Volatility

Analysis

What influences volatility in the Spirit Production in Italy industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Spirit Production in Italy industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

The luxury market drives the whisky business. International distillers compete with local producers to tap into the high-end global demand for premium Scotch and Irish whiskey.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Spirit Production in Italy industry's products and services performing?

Analysis

What are innovations in the Spirit Production in Italy industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Spirit Production in Italy industry?


International Trade

Highlights

  • Total Imports into Italy
  • Total Exports into Italy
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Major manufacturers are hoarding popular brands. Manufacturers like Diageo and Pernod Richard own and operate many of the world's most popular brands across many varieties of liquor. Diageo alone produces 40% of all Scotch whisky.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Spirit Production in Italy located?

Companies

Data Tables

Top 3 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Sales and promotion are limited across Europe. Sales of spirits are banned for under 18s in most European countries and under 16 in the rest. Many countries, including Austria, Denmark, France and Ireland, ban or severely limit spirits advertising.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Spirit Production in Italy industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

On-trade sales slump slash distillery profit. Distilleries have seen significant reductions in earnings as the pandemic and subsequent economic issues have impacted Europeans' discretionary spending, particularly at hospitality venues, despite healthy profit from premium brands.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Spirit Production in Italy industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

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