Asia Pacific Ardent Spirits Market growth and opportunities – Market Asia Pacific Ardent Spirits Market growth and oppo

The Asia Pacific Ardent Spirits Market was worth USD XX.XX billion in 2016 and estimated to be growing
at a CAGR of X.XX%, to reach USD XX.XX billion by 2021. The definition of Ardent Spirits are those liquors
which are obtained after repeated distillations from fermented vegetables. They are flammable liquids
and can fuel a fire and that is the source of the name.
Ardent Spirits have high alcohol content and are made by distillation. Common examples of ardent
spirits include whiskey, brandy and gin. Most governments also get a reliable source of income in the
form of taxation on ardent spirits. The tax rates are high in order to discourage people from consuming
alcoholic drinks over ambitiously.
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market-4786/
The major factors affecting the Ardent Spirits market is the increasing consumer demand for alcoholic
beverages. The major demand for the same comes from hotels, bars and even convenience stores
selling alcoholic drinks. As for the restraints of the market, the high degree of taxation on alcoholic
products and their high costs in general and major turnoffs for the market. Also the dangers posed by
improper preparation also hamper the market growth.
The Asia Pacific Ardent Spirits market is broadly classified by Applications into Supermarket, Monopoly
Stores and Online Sales and on the basis of Type into Gin, Whisky, Brandy, Vodka, Rum, Tequilla, Baijiu
and Sake. Based on geography, the Asia-Pacific market is divided into India, China, South Korea, Japan
and Australia. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high
CAGR value for the region. In addition to having the highest growth rate, the region also has the third
highest market share. The rapid growth of the region can be attributed to the developing stature of
countries such as India and China.
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spirits-market-4786/request-sample
The Ardent Spirits market is highly competitive with a large number of players. Key market players
dominating the market with their products are Diageo, LVMH, Brown Forman, Absolut, Bacardi Limited,
Perood Ricard, The Patron Spirit Company, Beam Suntory and Mast gagermeister.
Market Segmentation
1)Application
 Introduction
 Supermarket
 Monopoly Stores
 Online Sales
 Y-o-Y Growth Analysis, By Application
 Market Attractiveness Analysis, By Application
 Market Share Analysis, By Application
2)Type
 Introduction
 Gin
 Whisky