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 Type
By Distribution Channel
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- 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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Vodka Market, by Type
1.4.2 Asia Pacific Vodka Market, by Distribution Channel
1.4.3 Asia Pacific Vodka Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Jan – 2023, Mar) Leading Players
Chapter 4. Asia Pacific Vodka Market by Type
4.1 Asia Pacific Non-Flavored Market by Country
4.2 Asia Pacific Flavored Market by Country
Chapter 5. Asia Pacific Vodka Market by Distribution Channel
5.1 Asia Pacific On-Trade Market by Country
5.2 Asia Pacific Off-Trade Market by Country
Chapter 6. Asia Pacific Vodka Market by Country
6.1 China Vodka Market
6.1.1 China Vodka Market by Type
6.1.2 China Vodka Market by Distribution Channel
6.2 Japan Vodka Market
6.2.1 Japan Vodka Market by Type
6.2.2 Japan Vodka Market by Distribution Channel
6.3 India Vodka Market
6.3.1 India Vodka Market by Type
6.3.2 India Vodka Market by Distribution Channel
6.4 South Korea Vodka Market
6.4.1 South Korea Vodka Market by Type
6.4.2 South Korea Vodka Market by Distribution Channel
6.5 Singapore Vodka Market
6.5.1 Singapore Vodka Market by Type
6.5.2 Singapore Vodka Market by Distribution Channel
6.6 Malaysia Vodka Market
6.6.1 Malaysia Vodka Market by Type
6.6.2 Malaysia Vodka Market by Distribution Channel
6.7 Rest of Asia Pacific Vodka Market
6.7.1 Rest of Asia Pacific Vodka Market by Type
6.7.2 Rest of Asia Pacific Vodka Market by Distribution Channel
Chapter 7. Company Profiles
7.1 Diageo plc
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Acquisition and Mergers:
7.1.5.3 Geographical Expansions:
7.2 Pernod Ricard S.A.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Recent strategies and developments:
7.2.3.1 Partnerships, Collaborations, and Agreements:
7.2.3.2 Acquisition and Mergers:
7.3 Brown-Forman Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Recent strategies and developments:
7.3.4.1 Acquisition and Mergers:
7.3.4.2 Geographical Expansions:
7.4 Constellation Brands, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Partnerships, Collaborations, and Agreements:
7.4.4.2 Product Launches and Product Expansions:
7.5 Proximo Spirits, Inc. (BECLE, S.A.B. DE C.V.)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Recent strategies and developments:
7.5.4.1 Partnerships, Collaborations, and Agreements:
7.6 Belvedere Vodka (LVMH SE)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.7 Distell Group Limited
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.8 Bacardi Limited
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Acquisition and Mergers:
7.9 Stoli Group (SPI Group)
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
7.9.2.2 Product Launches and Product Expansions:
7.10. Iceberg Vodka Corporation
7.10.1 Company Overview
TABLE 1 Asia Pacific Vodka Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Vodka Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Vodka Market
TABLE 4 Product Launches And Product Expansions– Vodka Market
TABLE 5 Acquisition and Mergers– Vodka Market
TABLE 6 geographical expansions – Vodka Market
TABLE 7 Asia Pacific Vodka Market by Type, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Vodka Market by Type, 2023 - 2029, USD Million
TABLE 9 Asia Pacific Non-Flavored Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Non-Flavored Market by Country, 2023 - 2029, USD Million
TABLE 11 Asia Pacific Flavored Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Flavored Market by Country, 2023 - 2029, USD Million
TABLE 13 Asia Pacific Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 15 Asia Pacific On-Trade Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific On-Trade Market by Country, 2023 - 2029, USD Million
TABLE 17 Asia Pacific Off-Trade Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Off-Trade Market by Country, 2023 - 2029, USD Million
TABLE 19 Asia Pacific Vodka Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Vodka Market by Country, 2023 - 2029, USD Million
TABLE 21 China Vodka Market, 2019 - 2022, USD Million
TABLE 22 China Vodka Market, 2023 - 2029, USD Million
TABLE 23 China Vodka Market by Type, 2019 - 2022, USD Million
TABLE 24 China Vodka Market by Type, 2023 - 2029, USD Million
TABLE 25 China Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 26 China Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 27 Japan Vodka Market, 2019 - 2022, USD Million
TABLE 28 Japan Vodka Market, 2023 - 2029, USD Million
TABLE 29 Japan Vodka Market by Type, 2019 - 2022, USD Million
TABLE 30 Japan Vodka Market by Type, 2023 - 2029, USD Million
TABLE 31 Japan Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 32 Japan Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 33 India Vodka Market, 2019 - 2022, USD Million
TABLE 34 India Vodka Market, 2023 - 2029, USD Million
TABLE 35 India Vodka Market by Type, 2019 - 2022, USD Million
TABLE 36 India Vodka Market by Type, 2023 - 2029, USD Million
TABLE 37 India Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 38 India Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 39 South Korea Vodka Market, 2019 - 2022, USD Million
TABLE 40 South Korea Vodka Market, 2023 - 2029, USD Million
TABLE 41 South Korea Vodka Market by Type, 2019 - 2022, USD Million
TABLE 42 South Korea Vodka Market by Type, 2023 - 2029, USD Million
TABLE 43 South Korea Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 44 South Korea Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 45 Singapore Vodka Market, 2019 - 2022, USD Million
TABLE 46 Singapore Vodka Market, 2023 - 2029, USD Million
TABLE 47 Singapore Vodka Market by Type, 2019 - 2022, USD Million
TABLE 48 Singapore Vodka Market by Type, 2023 - 2029, USD Million
TABLE 49 Singapore Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 50 Singapore Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 51 Malaysia Vodka Market, 2019 - 2022, USD Million
TABLE 52 Malaysia Vodka Market, 2023 - 2029, USD Million
TABLE 53 Malaysia Vodka Market by Type, 2019 - 2022, USD Million
TABLE 54 Malaysia Vodka Market by Type, 2023 - 2029, USD Million
TABLE 55 Malaysia Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 56 Malaysia Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 57 Rest of Asia Pacific Vodka Market, 2019 - 2022, USD Million
TABLE 58 Rest of Asia Pacific Vodka Market, 2023 - 2029, USD Million
TABLE 59 Rest of Asia Pacific Vodka Market by Type, 2019 - 2022, USD Million
TABLE 60 Rest of Asia Pacific Vodka Market by Type, 2023 - 2029, USD Million
TABLE 61 Rest of Asia Pacific Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 62 Rest of Asia Pacific Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 63 Key Information – Diageo plc
TABLE 64 Key Information – Pernod Ricard S.A.
TABLE 65 Key Information – Brown-Forman Corporation
TABLE 66 Key Information – Constellation Brands, Inc.
TABLE 67 Key Information – Proximo Spirits, Inc.
TABLE 68 Key Information – Belvedere Vodka
TABLE 69 Key Information – Distell Group Limited
TABLE 70 Key Information – Bacardi Limited
TABLE 71 Key Information – Stoli Group
TABLE 72 Key Information – Iceberg Vodka Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Jan – 2023, Mar) Leading Players
FIG 5 Asia Pacific Vodka Market share by Type, 2022
FIG 6 Asia Pacific Vodka Market share by Type, 2029
FIG 7 Asia Pacific Vodka Market by Type, 2019 - 2029, USD Million
FIG 8 Asia Pacific Vodka Market share by Distribution Channel, 2022
FIG 9 Asia Pacific Vodka Market share by Distribution Channel, 2029
FIG 10 Asia Pacific Vodka Market by Distribution Channel, 2019 - 2029, USD Million
FIG 11 Asia Pacific Vodka Market share by Country, 2022
FIG 12 Asia Pacific Vodka Market share by Country, 2029
FIG 13 Asia Pacific Vodka Market by Country, 2019 - 2029, USD Million
FIG 14 Recent strategies and developments: Diageo plc
FIG 15 Recent strategies and developments: Pernod Ricard S.A.
FIG 16 Recent strategies and developments: Brown-Forman Corporation