liqueur market 1

Liqueur Market is expected to register a CAGR of 3.19% from 2019
to 2024
Liqueur Market Research Report - Global
Forecast till 2024
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Liqueur Market is expected to register a CAGR of 3.19% from 2019
to 2024
Liqueur Market Scenario
The Global Liqueur Market witnesses a thriving growth all over the world. Clearly, there is
huge consumer demand, and for a good reason. Liquor stores have shelves lined with a
seemingly endless range of flavored vodka, rum, bourbon, and tequila. The main processes
of production of Liqueurs are infusions, maceration, and or distillation of herbs, spices, fruits,
etc. or just flavored alcohol with highly concentrated extracts.
According to Market Research Future (MRFR), the global Liqueur Market is expected to reach
USD 114.29 BN by the end of 2024. In its recently published analysis, MRFR also asserts
that the market would register a CAGR of 3.19% over the forecast period (from 2019 to
2024). Changing consumption patterns and augmenting demand for new flavors and
ingredients drive the growth of the market.
Market players strategies to launch a new product is also encouraging the growth of the
Liqueur Industry. Innovations in distillation techniques and increasing consumer
preferences help in market expansion. Besides, substantial initiatives in R&D to develop a
new technology or distinctive tastes and flavors drive the growth of the global liqueur
market. Rapidly growing youth population and the increasing disposable income impacts the
market growth, positively.
Despite the growth opportunities, Liqueur as a category faces a lot of challenges. The primary
issue is the shifting alcohol consumption patterns; for instance; younger generations are
switching to alcoholic beverages of lighter taste, alcohol amount, calories, etc. Low abv
beers, flavored ciders, mixed drinks, brown spirits popularity, gin resurrection are just a few
of the examples of lighter alcoholic beverages.
Industry/ Innovation/ Related News:
August 28, 2019 ----- Pernod Ricard (France), a leading global producer of wines &
spirits announced the acquisition of Castle Brands (the US), a leading global developer and
marketer of premium & super premium alcoholic beverages. Through this acquisition, a great
brand portfolio Jefferson’s bourbon whiskey, is adding to the Pernod Ricard family. Bourbon
is a major category in the US which is the most important market for Pernod.
This deal aligns well with Pernod’s consumer-centric strategy to offer its consumers the
broadest line-up of high-quality premium brands. As with Pernod’s American whiskeys, it
would provide a reliable route to market, while remaining true to its authentic and innovative
character.
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Liqueur Market is expected to register a CAGR of 3.19% from 2019
to 2024
Major Players:
Players leading the Liqueur Market include Beam Suntory, Inc. (US), Bacardi Limited
(Bermuda), The Brown–Forman Corporation (US), Davide Campari-Milano S.p.A. (Italy),
Diageo plc (UK), Girolamo Luxardo S.p.A (Italy), Amarula Cream (South Africa), Lucas Bols
BV (Netherlands), Empee Distilleries (India), Pernod Ricard SA (France), Mast-Jägermeister
SE (Germany), Remy Cointreau (France), United Breweries Holdings Limited (India),
DeKuyper Royal Distillers (France), and Globus Spirits Ltd. (India), among others.
For More Information @
https://www.marketresearchfuture.com/reports/liqueur-market-4606
Liqueur Market – Regional Analysis
North America dominates the global Liqueur Market due to the high disposable income in the
region. The rising demand for Liqueur from the hospitality industry and as well as
households, is a key driving force. Furthermore, relaxation in liqueur production regulations
is expected to support the regional market in creating larger revenue pocket.
The region would hold on to its dominance over the global Liqueur Market throughout the
forecast period.
Europe is another lucrative market for liqueurs, globally. The presence of key market players
and high consumption of the liqueurs in these regions is a significant tailwind thrusting the
regional market forward. Besides, rising per capita income and liqueur enthusiasts,
alongside, the influence of media industry impacts the regional market growth positively.
Liqueur Market – Competitive Analysis
Fiercely competitive, the Liqueur Market appears to be fragmented due to the presence of
several large and small-scale players. Growth in terms of product innovations and distillation
techniques and technologies are also expected to create strong investment opportunities for
these players. Focused on improving their market performance, these players acquire
promising companies to expand in the fast-growing markets.
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Copyright © 2017 Market Research Future.

Liqueur Market is expected to register a CAGR of 3.19% from 2019
to 2024
P a g e | 4
sales@marketresearchfuture.com
Copyright © 2017 Market Research Future.