Global Vodka Market size was valued at US$ 53.26 Bn. in 2023 and the total revenue is expected to grow at 8.94% through 2024 to 2030, reaching nearly US$ 96.98 Bn.Vodka Market Overview:
The Vodka is a very popular distilled alcoholic drink which was firstly discovered in Poland, Sweden, and Russia. Vodka primarily comprises water and ethanol and is made from fermented cereal grains. Most recently, potatoes are being used to produce vodka by some famous brands, and fruits, honey, and maple sap are used to create flavored vodkas. Vodka comprises 40% alcohol by volume which is higher content than beer and other alcoholic beverages.To know about the Research Methodology :- Request Free Sample Report
Vodka Market Dynamics:
With the rising demand for alcoholic beverages and cocktail drinks in millennials and working professionals in urban cities, tremendous growth has been seen in the alcohol industry especially in the Vodka segment. Drinks have a status symbol in terms of socializing formally or professionally. Vodka has taken the market by storm due to various preferences of usage in raw or in cocktails which has a large variety and trending in young crowd, Premium Brands are coming up with flavored vodkas which are tasty and crispy on the taste palette and have become very popular in a short time. Brands like Smirnoff, Absolute, and Russian Standards have various flavors like Coffee, Chocolate, Apple, Orange, and peach. Due to tasty flavors brands have seen sudden demand. Growing purchasing power and high standard of living enables to spend on leisure hence the global ultra-premium vodka demand has grown. Absolute vodka recorded over 9.2 million 9 liter cases worldwide with constant demand continuation.Vodka Market Segment Analysis:
By Type, Flavored Vodka market is dominating segment in Global Market. With a market share of 30.6% and it is expected to grow at a CAGR of xx% during the forecast period. Major vodka manufacturers have influenced the market with premium quality vodkas with the addition of different base flavor vodka which have increased demand. Plain Vodkas are generally used in cocktails as a base drink. Smirnoff was the first brand to introduce flavored vodka with over 23 million 9 liters. Fruit Vodkas are among recent popular options among the young population which boosted the demand in the global market.. By Quality, Ultra-premium is the dominating segment in the global market with more than 30% of the market share with brands like Smirnoff, Russian Standard, Absolute, and Grey goose producing ultra-premium vodkas which are of high quality for selected consumers who can afford such products.The super-premium and premium segment is running products in urban cities which are used in restaurants, pubs, bars, and lounges. Pricing of premium and super-premium are moderate to high. Standard vodka has a low price and compromised quality which is targeted at the low-income population.
Regional Insights:
North America dominates the global vodka market with total revenue generated of 19.37 billion in the year 2023. The Major sale is generated from the retail sale which is generally for home consumption. The surge in the growth of vodka markets is due to increased vodka consumption and new market trends in the northern region. North America has become the hub of vodka manufacturing and to keep the high demand new distilleries are being set up which eventually boosts the North American market. The Asia Pacific is expected to be an emerging market with a major share by China is expected to reach xx billion by 2030 with a CAGR of 5.2% Japan and Canada are the two main significant markets with expected to grow 2% and 2.6% accordingly. The objective of the report is to present a comprehensive analysis of the Global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Vodka market dynamics, structure by analyzing the market segments and projecting the Global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global market make the report investor’s guide.Global Vodka Market Scope: Inquire before buying
Global Vodka Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 53.26 Bn. Forecast Period 2024 to 2030 CAGR: 8.94% Market Size in 2030: US $ 96.98 Bn. Segments Covered: by Type Plain vodka Flavored Vodka Fruit Vodka by Quality Premium Standard Super premium Ultra-premium by Distribution Channel Off-trade On-trade Vodka Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Vodka Market Key Players are:
1. Brown-Forman 2. Diageo 3. Gruppo Campari 4. Pernod Ricard 5. Russian Standard 6. Bacardi 7. Central European Distribution 8. Constellation Spirits 9. Distell Group 10. Iceberg Vodka 11. Proximo Spirits 12. Savor Stoli 13. Shiva Distilleries 14. Soyuz Victim 15. Suntory FAQ 1] What segments are covered in the Global Vodka Market report? Ans. The segments covered in the Global Vodka Market report are based on Type ,Distribution Channel and Quality. 2] Which region is expected to hold the highest share in the Global Vodka Market? Ans. North America region is expected to hold the highest share in the Global Vodka Market. 3] What is the market size of Global Vodka Market by 2030? Ans. The market size of the Global Vodka Market by 2030 is US $ 96.98 Bn. 4] Who are the top key players in the Global Vodka Market? Ans. Brown-Forman, Diageo, Gruppo Campari, Pernod Ricard, Russian Standard, Bacardi, Central European Distribution, Constellation Spirits, Distell Group, Iceberg Vodka, Proximo Spirits, Savor Stoli, Shiva Distilleries, Soyuz Victim, Suntory 5] What was the market size of the Global Vodka Market in 2023? Ans. The market size of the Global Vodka Market in 2023 was US $ 53.26 Bn.
1. Vodka Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Vodka Market: Dynamics 2.1. Vodka Market Trends by Region 2.1.1. North America Vodka Market Trends 2.1.2. Europe Vodka Market Trends 2.1.3. Asia Pacific Vodka Market Trends 2.1.4. Middle East and Africa Vodka Market Trends 2.1.5. South America Vodka Market Trends 2.2. Vodka Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Vodka Market Drivers 2.2.1.2. North America Vodka Market Restraints 2.2.1.3. North America Vodka Market Opportunities 2.2.1.4. North America Vodka Market Challenges 2.2.2. Europe 2.2.2.1. Europe Vodka Market Drivers 2.2.2.2. Europe Vodka Market Restraints 2.2.2.3. Europe Vodka Market Opportunities 2.2.2.4. Europe Vodka Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Vodka Market Drivers 2.2.3.2. Asia Pacific Vodka Market Restraints 2.2.3.3. Asia Pacific Vodka Market Opportunities 2.2.3.4. Asia Pacific Vodka Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Vodka Market Drivers 2.2.4.2. Middle East and Africa Vodka Market Restraints 2.2.4.3. Middle East and Africa Vodka Market Opportunities 2.2.4.4. Middle East and Africa Vodka Market Challenges 2.2.5. South America 2.2.5.1. South America Vodka Market Drivers 2.2.5.2. South America Vodka Market Restraints 2.2.5.3. South America Vodka Market Opportunities 2.2.5.4. South America Vodka Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Vodka Industry 2.8. Analysis of Government Schemes and Initiatives For Vodka Industry 2.9. Vodka Market price trend Analysis (2021-22) 2.10. Vodka Market Trade Analysis 2.10.1. Global Import Analysis 2.10.1.1. Top Importer of Vodka 2.10.2. Global Export Analysis 2.10.2.1. Top Exporter of Vodka 2.11. Vodka Production Analysis 2.12. The Global Pandemic Impact on Vodka Market 3. Vodka Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value and Volume) 2023-2030 3.1. Vodka Market Size and Forecast, by Type (2023-2030) 3.1.1. Plain vodka 3.1.2. Flavored Vodka 3.1.3. Fruit Vodka 3.2. Vodka Market Size and Forecast, by Quality (2023-2030) 3.2.1. Premium 3.2.2. Standard 3.2.3. Super premium 3.2.4. Ultra-premium 3.3. Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 3.3.1. Off-trade 3.3.2. On-trade 3.4. Vodka Market Size and Forecast, by Region (2023-2030) 3.4.1. North America 3.4.2. Europe 3.4.3. Asia Pacific 3.4.4. Middle East and Africa 3.4.5. South America 4. North America Vodka Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 4.1. North America Vodka Market Size and Forecast, by Type (2023-2030) 4.1.1. Plain vodka 4.1.2. Flavored Vodka 4.1.3. Fruit Vodka 4.2. North America Vodka Market Size and Forecast, by Quality (2023-2030) 4.2.1. Premium 4.2.2. Standard 4.2.3. Super premium 4.2.4. Ultra-premium 4.3. North America Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 4.3.1. Off-trade 4.3.2. On-trade 4.4. North America Vodka Market Size and Forecast, by Country (2023-2030) 4.4.1. United States 4.4.1.1. United States Vodka Market Size and Forecast, by Type (2023-2030) 4.4.1.1.1. Plain vodka 4.4.1.1.2. Flavored Vodka 4.4.1.1.3. Fruit Vodka 4.4.1.2. United States Vodka Market Size and Forecast, by Quality (2023-2030) 4.4.1.2.1. Premium 4.4.1.2.2. Standard 4.4.1.2.3. Super premium 4.4.1.2.4. Ultra-premium 4.4.1.3. United States Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 4.4.1.3.1. Off-trade 4.4.1.3.2. On-trade 4.4.2. Canada 4.4.2.1. Canada Vodka Market Size and Forecast, by Type (2023-2030) 4.4.2.1.1. Plain vodka 4.4.2.1.2. Flavored Vodka 4.4.2.1.3. Fruit Vodka</em 4.4.2.2. Canada Vodka Market Size and Forecast, by Quality (2023-2030) 4.4.2.2.1. Premium 4.4.2.2.2. Standard 4.4.2.2.3. Super premium 4.4.2.2.4. Ultra-premium 4.4.2.3. Canada Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 4.4.2.3.1. Off-trade 4.4.2.3.2. On-trade 4.4.3. Mexico 4.4.3.1. Mexico Vodka Market Size and Forecast, by Type (2023-2030) 4.4.3.1.1. Plain vodka 4.4.3.1.2. Flavored Vodka 4.4.3.1.3. Fruit Vodka 4.4.3.2. Mexico Vodka Market Size and Forecast, by Quality (2023-2030) 4.4.3.2.1. Premium 4.4.3.2.2. Standard 4.4.3.2.3. Super premium 4.4.3.2.4. Ultra-premium 4.4.3.3. Mexico Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 4.4.3.3.1. Off-trade 4.4.3.3.2. On-trade 5. Europe Vodka Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 5.1. Europe Vodka Market Size and Forecast, by Type (2023-2030) 5.2. Europe Vodka Market Size and Forecast, by Quality (2023-2030) 5.3. Europe Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 5.4. Europe Vodka Market Size and Forecast, by Country (2023-2030) 5.4.1. United Kingdom 5.4.1.1. United Kingdom Vodka Market Size and Forecast, by Type (2023-2030) 5.4.1.2. United Kingdom Vodka Market Size and Forecast, by Quality (2023-2030) 5.4.1.3. United Kingdom Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 5.4.2. France 5.4.2.1. France Vodka Market Size and Forecast, by Type (2023-2030) 5.4.2.2. France Vodka Market Size and Forecast, by Quality (2023-2030) 5.4.2.3. France Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 5.4.3. Germany 5.4.3.1. Germany Vodka Market Size and Forecast, by Type (2023-2030) 5.4.3.2. Germany Vodka Market Size and Forecast, by Quality (2023-2030) 5.4.3.3. Germany Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 5.4.4. Italy 5.4.4.1. Italy Vodka Market Size and Forecast, by Type (2023-2030) 5.4.4.2. Italy Vodka Market Size and Forecast, by Quality (2023-2030) 5.4.4.3. Italy Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 5.4.5. Spain 5.4.5.1. Spain Vodka Market Size and Forecast, by Type (2023-2030) 5.4.5.2. Spain Vodka Market Size and Forecast, by Quality (2023-2030) 5.4.5.3. Spain Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 5.4.6. Sweden 5.4.6.1. Sweden Vodka Market Size and Forecast, by Type (2023-2030) 5.4.6.2. Sweden Vodka Market Size and Forecast, by Quality (2023-2030) 5.4.6.3. Sweden Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 5.4.7. Austria 5.4.7.1. Austria Vodka Market Size and Forecast, by Type (2023-2030) 5.4.7.2. Austria Vodka Market Size and Forecast, by Quality (2023-2030) 5.4.7.3. Austria Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 5.4.8. Rest of Europe 5.4.8.1. Rest of Europe Vodka Market Size and Forecast, by Type (2023-2030) 5.4.8.2. Rest of Europe Vodka Market Size and Forecast, by Quality (2023-2030) 5.4.8.3. Rest of Europe Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 6. Asia Pacific Vodka Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 6.1. Asia Pacific Vodka Market Size and Forecast, by Type (2023-2030) 6.2. Asia Pacific Vodka Market Size and Forecast, by Quality (2023-2030) 6.3. Asia Pacific Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 6.4. Asia Pacific Vodka Market Size and Forecast, by Country (2023-2030) 6.4.1. China 6.4.1.1. China Vodka Market Size and Forecast, by Type (2023-2030) 6.4.1.2. China Vodka Market Size and Forecast, by Quality (2023-2030) 6.4.1.3. China Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.2. S Korea 6.4.2.1. S Korea Vodka Market Size and Forecast, by Type (2023-2030) 6.4.2.2. S Korea Vodka Market Size and Forecast, by Quality (2023-2030) 6.4.2.3. S Korea Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.3. Japan 6.4.3.1. Japan Vodka Market Size and Forecast, by Type (2023-2030) 6.4.3.2. Japan Vodka Market Size and Forecast, by Quality (2023-2030) 6.4.3.3. Japan Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.4. India 6.4.4.1. India Vodka Market Size and Forecast, by Type (2023-2030) 6.4.4.2. India Vodka Market Size and Forecast, by Quality (2023-2030) 6.4.4.3. India Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.5. Australia 6.4.5.1. Australia Vodka Market Size and Forecast, by Type (2023-2030) 6.4.5.2. Australia Vodka Market Size and Forecast, by Quality (2023-2030) 6.4.5.3. Australia Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.6. Indonesia 6.4.6.1. Indonesia Vodka Market Size and Forecast, by Type (2023-2030) 6.4.6.2. Indonesia Vodka Market Size and Forecast, by Quality (2023-2030) 6.4.6.3. Indonesia Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.7. Malaysia 6.4.7.1. Malaysia Vodka Market Size and Forecast, by Type (2023-2030) 6.4.7.2. Malaysia Vodka Market Size and Forecast, by Quality (2023-2030) 6.4.7.3. Malaysia Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.8. Vietnam 6.4.8.1. Vietnam Vodka Market Size and Forecast, by Type (2023-2030) 6.4.8.2. Vietnam Vodka Market Size and Forecast, by Quality (2023-2030) 6.4.8.3. Vietnam Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.9. Taiwan 6.4.9.1. Taiwan Vodka Market Size and Forecast, by Type (2023-2030) 6.4.9.2. Taiwan Vodka Market Size and Forecast, by Quality (2023-2030) 6.4.9.3. Taiwan Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 6.4.10. Rest of Asia Pacific 6.4.10.1. Rest of Asia Pacific Vodka Market Size and Forecast, by Type (2023-2030) 6.4.10.2. Rest of Asia Pacific Vodka Market Size and Forecast, by Quality (2023-2030) 6.4.10.3. Rest of Asia Pacific Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 7. Middle East and Africa Vodka Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 7.1. Middle East and Africa Vodka Market Size and Forecast, by Type (2023-2030) 7.2. Middle East and Africa Vodka Market Size and Forecast, by Quality (2023-2030) 7.3. Middle East and Africa Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 7.4. Middle East and Africa Vodka Market Size and Forecast, by Country (2023-2030) 7.4.1. South Africa 7.4.1.1. South Africa Vodka Market Size and Forecast, by Type (2023-2030) 7.4.1.2. South Africa Vodka Market Size and Forecast, by Quality (2023-2030) 7.4.1.3. South Africa Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 7.4.2. GCC 7.4.2.1. GCC Vodka Market Size and Forecast, by Type (2023-2030) 7.4.2.2. GCC Vodka Market Size and Forecast, by Quality (2023-2030) 7.4.2.3. GCC Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 7.4.3. Nigeria 7.4.3.1. Nigeria Vodka Market Size and Forecast, by Type (2023-2030) 7.4.3.2. Nigeria Vodka Market Size and Forecast, by Quality (2023-2030) 7.4.3.3. Nigeria Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 7.4.4. Rest of ME&A 7.4.4.1. Rest of ME&A Vodka Market Size and Forecast, by Type (2023-2030) 7.4.4.2. Rest of ME&A Vodka Market Size and Forecast, by Quality (2023-2030) 7.4.4.3. Rest of ME&A Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 8. South America Vodka Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 8.1. South America Vodka Market Size and Forecast, by Type (2023-2030) 8.2. South America Vodka Market Size and Forecast, by Quality (2023-2030) 8.3. South America Vodka Market Size and Forecast, by Distribution Channel(2023-2030) 8.4. South America Vodka Market Size and Forecast, by Country (2023-2030) 8.4.1. Brazil 8.4.1.1. Brazil Vodka Market Size and Forecast, by Type (2023-2030) 8.4.1.2. Brazil Vodka Market Size and Forecast, by Quality (2023-2030) 8.4.1.3. Brazil Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 8.4.2. Argentina 8.4.2.1. Argentina Vodka Market Size and Forecast, by Type (2023-2030) 8.4.2.2. Argentina Vodka Market Size and Forecast, by Quality (2023-2030) 8.4.2.3. Argentina Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 8.4.3. Rest Of South America 8.4.3.1. Rest Of South America Vodka Market Size and Forecast, by Type (2023-2030) 8.4.3.2. Rest Of South America Vodka Market Size and Forecast, by Quality (2023-2030) 8.4.3.3. Rest Of South America Vodka Market Size and Forecast, by Distribution Channel (2023-2030) 9. Global Vodka Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2023) 9.3.5. Production of 2023 9.3.6. Company Locations 9.4. Leading Vodka Market Companies, by market capitalization 9.5. Analysis of Organized and Unorganized Key Players in Vodka Industry 9.6. Market Structure 9.6.1. Market Leaders 9.6.2. Market Followers 9.6.3. Emerging Players 9.7. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Brown-Forman 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Diageo 10.3. Gruppo Campari 10.4. Pernod Ricard 10.5. Russian Standard 10.6. Bacardi 10.7. Central European Distribution 10.8. Constellation Spirits 10.9. Distell Group 10.10. Iceberg Vodka 10.11. Proximo Spirits 10.12. Savor Stoli 10.13. Shiva Distilleries 10.14. Soyuz Victim 10.15. Suntory 11. Key Findings 12. Industry Recommendations 13. Vodka Market: Research Methodology 14. Terms and Glossary