PUBLISHER: IMARC | PRODUCT CODE: 1642787
PUBLISHER: IMARC | PRODUCT CODE: 1642787
The global dark spirits market size reached USD 100.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 155.0 Billion by 2033, exhibiting a growth rate (CAGR) of 4.74% during 2025-2033. The increasing consumers' interest in premium and craft spirits, expanding cocktail culture, rising disposable income, extensive celebrity endorsements, innovative marketing strategies, and a preference for aged and flavored-variety spirits among diverse demographics worldwide are some of the key factors influencing the market growth.
Dark spirits refer to distilled liquors that turn darker in appearance with adequate aging in sealed barrels. Some of the commonly available dark spirits include rum, brandy, cognac, bourbon and scotch whiskey and wine. They are produced in distilleries by fermenting sugarcane molasses, barley, corn, wheat and grapes. The spirits are stored in recycled barrels with charred interiors to enhance the taste and color. Dark spirits are also processed with congeners to improve the fermentation process. They are also utilized in the manufacturing of liquor chocolates, candies, sauces and marinades. Moderate consumption of dark spirits can aid in pain management, increasing bone mineral density, preventing common cold and peripheral artery diseases and maintaining warm body temperatures.
Significant growth in the food and beverage industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the increasing preference for premium craft spirits, especially among the millennials, is providing a thrust to the market growth. Dark spirits are widely served across restaurants, hotels, bars and pubs and combined with exotic flavored juices and sparkling water to provide innovative experiences to the consumers. Additionally, the advent of online delivery services for alcohol is acting as another growth-inducing factor. Brands and retailers are participating in online promotional campaigns through social media platforms to increase the brand awareness among the consumers. Product manufacturers are also launching clean label dark spirits manufactured using organic, genetically modified organism (GMO)-free, additive-free and naturally sourced ingredients to meet the requirements of health-conscious consumers. Other factors, including significant growth in the spirit tourism industry, along with rising expenditure capacities of the consumers, are anticipated to drive the market toward growth.
Whiskey
Rum
Brandy
On Trade
Off Trade
Bars
Restaurants
Pubs
Others
North America
United States
Canada
Asia-Pacific
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
The competitive landscape of the industry has also been examined along with the profiles of the key players being Anheuser-Busch InBev SA/NV, Asahi Group Holdings ltd., Bacardi Limited, Brown-Forman Corporation, Diageo plc, Kirin Brewery Company Limited, LT Group Inc, Pernod Ricard, Remy Cointreau and Suntory Holdings Limited (Kotobuki Realty Co. Ltd.).