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Report

Global Liqueur Market Report and Forecast 2024-2032

Market Report I 2024-01-04 I 167 Pages I EMR Inc.

Global Liqueur Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global liqueur market reached a value of USD 142.96 billion in 2023. Aided by the growing popularity of flavoured liqueur and the growing demand for innovative fruit-based liqueur cocktails, the market is further expected to grow at a CAGR of 4.10% between 2024 and 2032, to reach a value of USD 206.62 billion by 2032.
Liqueur is an alcoholic beverage made from distilled spirits that have been flavoured with fruit, cream, herbs, spices, flowers, or nuts and typically sweetened. It plays an essential role in the beverage industry, finding extensive use in cocktails, cooking, and dessert recipes. Apart from its role in gastronomy, liqueur also boasts cultural significance in many regions, making it an important part of social and traditional gatherings.
The increasing consumer preference for flavoured alcoholic beverages is a primary factor driving the global liqueur market growth. As consumer tastes evolve, there has been a significant shift towards exotic and diverse flavours, leading to a surge in demand for various types of liqueurs. The mixology trend, which has led to the rise of craft cocktails, further fuels this demand, as liqueurs are essential components in many innovative drink recipes.
The expanding applications of liqueur in various industries also significantly contribute to the liqueur market expansion. In the food industry, liqueurs are used for their unique flavours and aromatic properties in the creation of a multitude of dishes and desserts. Moreover, liqueurs are often employed in confectionery for their taste-enhancing qualities in chocolates and other sweets.
The hospitality and tourism sectors provide a robust platform for the market development. The rise of themed restaurants, bars, and hotels that offer speciality drinks, including those made from liqueurs, amplify the demand for these products. As global travel recovers and food tourism gains traction, this segment is expected to propel the market further.
Furthermore, the innovation in product offerings, branding, and marketing strategies have led to an enhanced focus on liqueurs as a promising category within the alcoholic beverages market. The rise of craft distilleries and premium product launches have made liqueurs more appealing to consumers, especially millennials and gen-z consumers who are known for their adventurous palate and curiosity for novel experiences, boosting the liqueur market demand.
Market Segmentation
The market can be divided based on type, packaging, distribution channel, and region.
Market Breakup by Type
- Neutrals/Bitters
- Creams
- Fruit Flavoured
- Others
Market Breakup by Packaging
- Glass
- PET Bottle
- Metal Can
- Others
Market Breakup by Distribution Channel
- Convenience Stores
- On-Premises
- Retailers
- Supermarkets
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global liqueur market. Some of the major players explored in the report by Expert Market Research are as follows:
- Brown-Forman Corporation
- Bacardi Limited
- Terra Ltd.
- Beam Suntory Inc.
- Diageo Plc
- William Grant & Sons Limited
- Davide Campari-Milano S.p.A.
- Girolamo Luxardo S.p.A.
- Lucas Bols B.V.
- Pernord Ricard S.A.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Liqueur Market Analysis
8.1 Key Industry Highlights
8.2 Global Liqueur Historical Market (2018-2023)
8.3 Global Liqueur Market Forecast (2024-2032)
8.4 Global Liqueur Market by Type
8.4.1 Neutrals/Bitters
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Creams
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Fruit Flavoured
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Liqueur Market by Packaging
8.5.1 Glass
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 PET Bottle
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Metal Can
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Liqueur Market by Distribution Channel
8.6.1 Convenience Stores
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 On-Premises
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Retailers
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Supermarkets
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.7 Global Liqueur Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
9 North America Liqueur Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Liqueur Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Liqueur Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Liqueur Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Liqueur Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code- 220870)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Brown-Forman Corporation
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Bacardi Limited
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Terra Ltd.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Beam Suntory Inc.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Diageo Plc
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 William Grant & Sons Limited
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Davide Campari-Milano S.p.A.
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Girolamo Luxardo S.p.A.
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 Lucas Bols B.V.
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Pernord Ricard S.A.
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 Others
19 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Liqueur Market: Key Industry Highlights, 2018 and 2022
2. Global Liqueur Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Liqueur Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Liqueur Historical Market: Breakup by Packaging (USD Million), 2018-2023
5. Global Liqueur Market Forecast: Breakup by Packaging (USD Million), 2024-2032
6. Global Liqueur Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7. Global Liqueur Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8. Global Liqueur Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Liqueur Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Liqueur Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Liqueur Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Liqueur Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Liqueur Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Liqueur Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Liqueur Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Liqueur Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Liqueur Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Liqueur Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Liqueur Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Major Importing Countries by Volume
21. Major Exporting Countries by Volume
22. Major Importing Countries by Value
23. Major Exporting Countries by Value
24. Global Liqueur Market Structure

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