Asia Pacific Vodka Market Size, Share & Industry Trends Analysis Report By Type (Non-Flavored and Flavored), By Distribution Channel (On-Trade and Off-Trade), By Country and Growth Forecast, 2023 - 2029
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Market Report Description
The Asia Pacific Vodka Market would witness market growth of 5.7% CAGR during the forecast period (2023-2029).
Vodka is a somewhat plain and flavorless spirit product made mostly from the fermentation as well as distillation of grains. The vodka manufacturer will begin the process once the grain or equivalent has been fermented and distilled into neutral alcohol. The methods of production used by various producers have varied. Some distillers may further distill the spirit or rectify it, only keeping the middle of the distillation for further processing.
Vodka gets its clear, smooth flavor from passing through carbon or charcoal filters, removing any lingering aromas and odors. It's crucial to consider the characteristics of the water used to dilute the resulting vodka to the necessary level for bottling. Water demineralization facilities now have more advanced technology that enables higher quality uniformity than previously. As a result, the final flavor of the product is significantly influenced by the water's quality.
Since vodka is necessarily a rectified drink, it frequently gets distilled a minimum of three times prior to sale. Some are five times or more distilled. An increasingly frequent practice is for vodka brands to advertise how many times their product has been distilled. The idea is that the greater the number of times it is distilled, the smoother and cleaner it becomes. This is typically accurate. The "heads" and "tails" are frequently taken off vodka as it passes through the still on each pass. These distillate components are located at the top & bottom of a completed batch. As a result, the vodka is made purer and with fewer impurities by simply using the "heart" of the distillation.
Greater developed nations and territories in the Asia Pacific have the highest alcohol consumption rates. For example, in Australia, New Zealand, and the Republic of Korea, adults 15 and older drank more than nine liters of alcohol per person in 2016. Five to seven liters of alcohol were consumed yearly in Japan, China, Lao PDR, Mongolia, and Thailand. The maximum per capita consumption of alcohol in South-East Asia is found in Thailand, where approximately one-third of adults drink. In this region, there is an increasing demand for vodka products made from agave in developing countries. The consumption of mint- and vivid lemonade-flavored vodka is becoming increasingly popular in China. Thus, all these elements aid in developing the regional market throughout the forecast period.
The China market dominated the Asia Pacific Vodka Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $2,730 million by 2029. The Japan market is experiencing a CAGR of 5.1% during (2023 - 2029). Additionally, The India market would exhibit a CAGR of 6.4% during (2023 - 2029).
Based on Type, the market is segmented into Non-Flavored and Flavored. Based on Distribution Channel, the market is segmented into On-Trade and Off-Trade. 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 Vodka Market is Projected to reach USD 35.4 Billion by 2029, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Brown-Forman Corporation, Diageo plc, Pernod Ricard S.A., Bacardi Limited, Constellation Brands, Inc., Distell Group Limited, Proximo Spirits, Inc. (BECLE, S.A.B. DE C.V.), Belvedere Vodka (LVMH SE), Stoli Group (SPI Group) and Iceberg Vodka Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Brown-Forman Corporation
- Diageo plc
- Pernod Ricard S.A.
- Bacardi Limited
- Constellation Brands, Inc.
- Distell Group Limited
- Proximo Spirits, Inc. (BECLE, S.A.B. DE C.V.)
- Belvedere Vodka (LVMH SE)
- Stoli Group (SPI Group)
- Iceberg Vodka Corporation
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