Operators in the Vodka Distilleries industry produce a variety of vodkas, including traditional (non-flavored), flavored, craft and low-calorie varieties. Over the five years to 2018, the industry has experienced robust growth in both revenue and distillers. Consumers have increasingly gravitated toward alcoholic beverages that offer high quality, craft-based ingredients, and a new class of regional vodka distillers has emerged to satisfy this new consumer trend. As a result, industry revenue has increased during the current period. The introduction of new types of vodka styles, such as premium and ultra-premium brands, has also contributed to the industry's growth over the past five years. Over the five years to 2023, industry revenue is expected to continue increasing. This growth will stem from continued growth in per capita disposable income levels, greater increased expenditure on alcohol and continual declines in excise tax on distilled spirits. Moreover, sustained interest among consumers in a range of alcoholic beverages will benefit the industry throughout the outlook period.
This industry manufactures vodka from fermented potatoes or cereal grains to create traditional (i.e. not flavored), flavored, craft and low-calorie spirits for consumption.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook