Global Vodka Market Overview:
Vodka, a clear unaged spirit, mixture of purified water and rectified ethyl alcohol (ethanol) with ingredients that have fermentable sugars and it is produced all over the world. The rising demand for premium vodka and the growing cocktail culture are major driving factors in the growth of the very market. The region is witnessing a growth in bars exclusively dedicated for cocktails. For instance, some of the favourite vodka-based cocktails are Screwdriver, Bloody Mary, and others
- Growing Cocktail Culture in Emerging Economies
- Rapid Urbanization, the Changing Lifestyles and High Disposable Incomes
- Increasing Popularity of Wine Products
- Increasing Demand for Fruits Based and Healthy Vodka
- Heavy Taxation and Legal Regulations by Governments
- The Growing Popularity of Craft Beer
- Increasing Consumption of Vodka by the Millenials in Both Developed and Developing Countries
- High Competition from Non-alcoholic Beverages
- Availability of Counterfeit Products
Some of the key players profiled in the report are Belvedere (Poland), Brown-Forman (United States), Diageo (United Kingdom), Gruppo Campari (Italy), Pernod Ricard (France), Russian Standard (Russia), Bacardi (Bermuda), Brown-Forman (United States), Central European Distribution Corporation (United States), Constellation Spirits (United States), Distell Group (South Africa), IceBerg Vodka (Canada) and Proximo Spirits (United States). Additionally, following companies can also be profiled that are part of our coverage like Savor Stoli (United States), Shiva Distilleries (India), Soyuz Victan (United States), Suntory (Japan) and Tilak Nagar Industries (India). Analyst at AdvanceMarketAnalytics see Global Vendors to retain maximum share of Global Vodka market by 2024. Considering Market by Packaging Type, the sub-segment i.e. Glass will boost the Vodka market. Considering Market by Production, the sub-segment i.e. Macro-brewery will boost the Vodka market.
The main bone of contention between European Union member states was the definition of vodka, in what has been dubbed the “vodka war” (EURACTIV 1/02/07). Traditional vodka-producing countries such as Poland, Sweden and Finland argued strongly that only spirits distilled from cereals or potatoes should be labelled as vodka. The new regulations passed with Finland, Poland and Sweden, Vodka based on other raw materials, meanwhile, will bear the indication “produced from” supplemented by the name of the raw material used. The Commission and Council agree on the need for the rules for labelling ingredients for the spirit
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Vodka market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Vodka market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Vodka Manufacturers, Suppliers/Distributors, Bars/Hotels, Vodka Retailers, Government Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.