Asia Pacific Dairy Free Cream Liqueur Market Size, Share & Industry Trends Analysis Report By Distribution Channel (Off-trade and On-trade), By Source (Almond, Oat, Coconut and Others), By Flavor, By Country and Growth Forecast, 2023 - 2029
Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Get in-depth analysis of the COVID-19 impact on the Asia Pacific Dairy Free Cream Liqueur Market
Market Report Description
The Asia Pacific Dairy Free Cream Liqueur Market would witness market growth of 10.5% CAGR during the forecast period (2023-2029).
For dairy free cream liqueur, tastes including mint, banana, spices, tropical fruits, and others are available. The popularity of strawberries is mostly due to both tart and sweet flavor combinations and their attractive hues, which appeal to younger generations that favor sweeter flavors. Manufacturers are experimenting with different flavor pairings and recipes to create distinctive and novel flavors that appeal to customers, helping to expand the dairy free cream liqueur market size. As a result, these flavors for dairy free cream liqueurs are getting more popular.
Due to its thickness and the numerous health advantages of coconut, coconut milk is becoming increasingly popular for dairy free cream liqueurs. Dairy free cream liqueurs can also be made using soy milk, cashew milk, rice milk, and other milk alternatives. Due to potential qualities that make them unsuitable for some liqueurs, they are employed less frequently in creating dairy free cream liqueur, but their use is expanding.
The demand for luxury alcoholic beverages is increasing significantly in Asia-Pacific. A sizable millennial customer base can be found in the region. This supports the demand for premium alcoholic beverages by motivating key companies to broaden their consumer bases and geographic reach. To satisfy the needs of Asian consumers, who seek variety in premium alcoholic beverages, a wide range of flavors are utilized in alcoholic beverages with a tinge of fruits, chocolates, and soy. Due to its increased exposure to Western lifestyles and cultures and growing skepticism of indigenous alcohol, China is predicted to experience a considerable increase in demand in the future years. As a result, the consumption of high-end alcoholic beverages is becoming more popular in the area.
The China market dominated the Asia Pacific Dairy Free Cream Liqueur Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $196.5 million by 2029. The Japan market is experiencing a CAGR of 9.8% during (2023 - 2029). Additionally, The India market would exhibit a CAGR of 11.1% during (2023 - 2029).
Based on Distribution Channel, the market is segmented into Off-trade and On-trade. Based on Source, the market is segmented into Almond, Oat, Coconut and Others. Based on Flavor, the market is segmented into Chocolate, Caramel, Vanilla, Strawberry and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Dairy Free Cream Liqueur Market is Projected to reach USD 2.8 Billion by 2029, at a CAGR of 9.8%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Bar Napkin Spirits, LLC, Bottega SPA, Buglisi Recobs Group Corp. (Misunderstood Whiskey Co.), Diageo plc, Panther Milk, Tokaj Spirit Kft., WALDERS, Distell Group Limited, Zamora Company Holding and Dirty Cow Chocolate Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Off-trade
- On-trade
By Source
- Almond
- Oat
- Coconut
- Others
By Flavor
- Chocolate
- Caramel
- Vanilla
- Strawberry
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Bar Napkin Spirits, LLC
- Bottega SPA
- Buglisi Recobs Group Corp. (Misunderstood Whiskey Co.)
- Diageo plc
- Panther Milk
- Tokaj Spirit Kft.
- WALDERS
- Distell Group Limited
- Zamora Company Holding
- Dirty Cow Chocolate Ltd
Unique Offerings from KBV Research
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Related Reports:
Global Dairy Free Cream Liqueur Market Report 2023-2029
North America Dairy Free Cream Liqueur Market Report 2023-2029