Global Vodka Market by Manufacturers, Regions, Type and Application, Forecast to 2023
Wiseguyreports.Com Adds “Vodka – Market Demand, Growth, Opportunities, Manufacturers and Analysis of Top Key Players to 2023” To Its Research Database.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Vodka in these regions, from 2012 to 2023 (forecast), covering
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Vodka market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer;
The Top Players Including
The origin of vodka is traced to Russia and Poland. This is a clear distilled beverage that is made mostly of water and ethanol. Most of the common products in the vodka market come with 40% alcohol by volume levels. The minimum quantity of alcohol in vodka is 37.5% in European markets and 40% in the United States. While many people drink vodka neat, the newer trend is to make tasty cocktails out of them. There are many ready mixed drinks with vodka in them available too.
To date, the growth of the vodka market had been slow and confusing. However, experts project a good growth phase for this industry in the coming years due to the demand for premium drinks. Drinking is globally accepted as a social thing and this is also positively affecting the market’s growth. The demand for vodka by the millennial generation is another factor that helps this market do well in the future. The number of craft distilleries is also increasing slowly.
One negative factor that affects the vodka market is the government regulations on alcohol consumption. This report picks up different market drivers that will make a change in the indsutry’s positioning. For the analysis, the years between 2012 and 2023 are considered. These years are split into historical, base and forecasted periods. The production, consumption, and sales of vodka globally and regionally are mentioned in millions in USD value. Vital insider information about key players and stakeholders are also a part of the study.
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There are three main types of vodka produced based on the region where it is from. This report studies Poland, Russia, and Sweden vodkas and their make and alcohol by volume figures. The demand that the vodka market creates for each of these types is identified in this report. The study also points out the type that will emerge the market leader in terms of the revenues generated. Based on the application areas or the selling channels, both direct and distribution selling types are included in the study. This report gives an understanding of the market share and the growth rate of both these types of channels.
The regions like North America, Europe, Asia Pacific, Middle East, and Africa and South America are included for analysis of the vodka market. Pop culture, the fast growing millennial generation and the acceptance of social drinking make North America a major player in the market. Europe also follows closely. Developing countries in Asia Pacific will also see considerable growth in their CAGR figures. The key players in each of these markets are identified and their new product launches and expansion plans are included in the study too. This report also picks up submarkets in each of these regions.
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In 2019, Indian liquor sales experienced a slump and reduced drastically when compared to previous years. The reasons stated for this are the floods, the general elections and the increase in taxes.
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