Vodka Market Size 2023-2028

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Global Vodka Market Research Report:

According to the latest report by IMARC Group, titled “ Vodka Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” the global vodka market reached a strong growth in 2022.

Vodka is a strong, clear, colorless, distilled spirited beverage that is traditionally manufactured by fermenting or distilling liquids produced from molasses, fruits, potato, and various grains, including corn, rye, wheat, and rice. During its production, malt is further incorporated, which acts as an active condiment that helps in converting grain starch into sugars. These ingredients are further sealed in barrels to produce ethyl alcohol, which is then heated to the final product. Moderate consumption of vodka positively influences sleep quality, lowers cholesterol levels, maintains oral hygiene, stimulates hair growth, prevents blood clotting, improves cardiovascular health, and helps in de-stressing by offering a relaxing experience. As a result, vodka is extensively consumed as a recreational or rejuvenating drink and to enhance the aroma and flavor of cooked sauces.

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Global Vodka Market Trends :

The increasing consumption of alcoholic beverages and the shifting consumer inclination toward premium and ultrapremium drinks represent some of the key factors driving the market toward growth. In line with this, rapid urbanization and the growing trend of socializing and casual drinking in bars, restaurants, and clubs, especially amongst the young population at events and social gatherings, is acting as another growth-inducing. Additionally, the escalating acceptance of flavored vodka in varying tastes, including cranberry, lime, and raspberry, along with the rising adoption of grain-based product variants due to their authentic and natural flavor, are supporting the market growth. This can be further attributed to the augmenting demand for citrus cocktails products on account of the widespread adoption of non-alcoholic beverages. This, in turn, has encouraged manufacturers to launch fruit-based vodka with minimal alcohol content, thus driving the market growth. Furthermore, the extensive utilization of online distribution channels to purchase vodka instead of brick-and-mortar alcohol shops, especially during the COVID-19 pandemic, are favoring the market growth. Apart from this, large-scale product endorsements, continuous investments to supplement the production of beverages, the easy product availability at affordable costs, the increasing establishment of breweries, and the advent of handcrafted superior-quality vodka by key players are positively impacting the market growth.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

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Market Summary:

Type Insights:

• Flavored

• Non-Flavored

Quality Insights:

• Standard

• Premium

• Ultra-Premium

Distribution Channel Insights:

• Off Trade

• On Trade

Regional Insights:

• North America

• United States

• Canada

• Asia Pacific

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• China

• Japan

• India

• South Korea

• Australia

• Indonesia

• Others

• Europe

• Germany

• France

• United Kingdom

• Italy

• Spain

• Russia

• Others

• Latin America

• Brazil

• Mexico

• Others

• Middle East and Africa

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Note: We are updating our reports, If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report.

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Competitive Landscape with Key Players: Bacardi Limited?etc.

Becle SAB de CV

Brown–Forman Corporation

Constellation Brands Inc.

Davide Campari-Milano N.V. (Lagfin S.C.A.)

Diageo plc

Distell Group Limited

Iceberg Vodka Corporation

LVMH Moet Hennessy Louis Vuitton

Pernod Ricard

Russian Standard Vodka LLC

Stoli Group S. à r.l.

Suntory Holdings Limited,Kindly note that this only represents a partial list of companies

• the complete list has been provided in the report

View Full Report with TOC & List of Figure: https://www.imarcgroup.com/vodka-market

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Partial List of Clients

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