Global spirits market led by Smirnoff vodka as the best selling brand

Global spirits market led by Smirnoff vodka as the best selling brand
2012-12-14 17:48:11 - Global spirits market led by Smirnoff vodka as the best selling brand

The global spirits market grew by 3.2% in 2010 to reach a value of $262,491.4 million. By 2015, this has been forecast to increase to a market value of $306,388.5 million, which would show a compound annual growth rate (CAGR) of 16.7% since 2010.In volume terms, the spirits industry has been projected to increase from a volume of 19,114.8 million



litres in 2010, to hit 21,189.4 million litres over the same time frame.The global spirits industry refers to the manufacturing of spirits, with companies involved in distilling and blending liquors, blending and mixing liquors with other ingredients, and distilling potable liquors. Spirits manufacturers use ingredients such as grains to distill into alcoholic spirit beverages, which they then package and sell to various types of outfits like restaurants, clubs, bars, retail stores, liquor wholesalers, hotels and casinos.The spirits industry is on the path to recovery following a hard 2009 during which many markets were affected by the credit crunch. Several countries and categories are returning to stability or growth over the coming years, but the time and speed of recovery will vary considerably depending on local circumstances.2011 continued to see further consolidation in global spirits, with the top 10 companies increasing their share of the category to almost 26%. Growth was driven by a mixture of organic growth, and through notable company acquisitions.Smirnoff vodka took the top spot when it comes to the best selling ´international spirits brand´ in 2010/2011. Bacardi rum and Johnnie Walker Scotch whisky placed second and third, while Green Mark Russian vodka edged out Absolut vodka for fourth largest selling international brand.For more information on the global spirits market, see the latest research: Global Spirits MarketFollow us on Twitter @CandMResearch

Click for news details: ..

Browse all Food and Drink C&M News ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Mike King
Telefon: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.