Global market review of functional soft drinks ... - Just-Drinks
Global market review of functional soft drinks ... - Just-Drinks
Global market review of functional soft drinks ... - Just-Drinks
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Chapter 5 Fruit-based spirits<br />
Chapter 5 Fruit-based spirits<br />
Limoncello<br />
Definition<br />
Limoncello is a lemon liqueur produced from lemon rinds, alcohol, water and<br />
sugar. Limoncello is produced in various areas <strong>of</strong> southern Italy, but the<br />
original and most prestigious production area is around Sorrento, just south <strong>of</strong><br />
Naples. Despite being a relatively new product, limoncello is Italy’s thirdlargest<br />
spirits category, following grappa and bitters.<br />
It is difficult to estimate the total size <strong>of</strong> the <strong>market</strong> given the large amount <strong>of</strong><br />
local production by small manufacturers, especially in the south. However, a<br />
rough estim ate for total production in Italy is xxxm nine -litre cases, <strong>of</strong> which<br />
around xxxxxxx is Lim oncello di Sorrento IGP [source: Consorzio di Tutela<br />
Limoncello di Sorrento].<br />
Industry structure<br />
Overall, limoncello is not a particularly branded <strong>market</strong>. There is a lot <strong>of</strong> home<br />
production, which is unbranded and sells mostly to the on-trade and to<br />
neighbours.<br />
The leading brand, Lim oncé, has a xxxx% m ark et share and is produced and<br />
distributed by Stock (owned by investment managers Oak Tree Capital<br />
Management), according to The IWSR’s estimates. The number two brand is<br />
Villa Massa, an IGP brand, with a m ark et sh are <strong>of</strong> xxx%. I Siciliani, owned b y<br />
Illva, has rapidly become the number three brand on the <strong>market</strong> despite only<br />
being launched in 2005. Limoncello di Capri, also an IGP brand, is part-owned<br />
and distributed by Molinari.<br />
Over xx% <strong>of</strong> the m ark et consists <strong>of</strong> sm aller fam ily owned producers.<br />
Averna export manager Michel Jordens says that the proliferation <strong>of</strong> limoncello<br />
products by a multitude <strong>of</strong> producers is problematic. “When we entered the<br />
category about ten years ago, it was just a fad. It really consolidated and<br />
became bigger. Unfortunately every Italian liqueurs producer has tapped into<br />
it. The consumer is getting confused by the array <strong>of</strong> products on <strong>of</strong>fer. Not<br />
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