Premium Alcohol Market - Forecasts from 2025 to 2030

The global premium alcohol market is estimated to attain US$950.838 billion by 2030, growing at a CAGR of 9.76% from US$596.767 billionin 2025.

An alcohol or alcoholic beverage is a type of beverage that contains ethanol, a kind of alcohol. There are three basic types of alcoholic beverages: beer, wine, and spirits. Premium alcohol is a type of specially crafted and generally expensive category of alcoholic beverages that offers superior taste and drinking experience. Premium alcoholic beverages feature various characteristics. For instance, the production process of these types of spirits or alcoholic beverages follows a refined process and is made using superior-quality ingredients. This alcohol also offers ahigher level of purity and clarity in its form and is produced with ahigher aging duration compared to regular alcohol.

The increasing production and consumption of alcoholic beverages worldwide is expected to propel the global premium alcohol market forward. The global consumption of alcoholic beverages witnessed substantial growth over the years, pushing the international sales of alcoholic beverages. The production of alcoholic beverages also grew significantly over the years. The European Commission, in its report, stated that in 2023, about 32.5 billion liters of alcoholic beer were produced in the region. The agency further stated that in 2023, Germany was the biggest beer producer, producing about 7.2 billion liters, which accounted for 22.3% of the market share in theEU. Spain and Poland produced about 4 billion liters and 3.4 billion liters, respectively.

The global premium alcohol market is expected to witness a significant change with the introduction of stringent policies and taxes by the government to discourage the consumption of alcohol in the population. Various global countries, like the USA, India, Japan, and the UK, are among the few countries among many which introduced heavy taxes on the purchase of alcohol. For instance, in India, an 18% GST, or goods service tax, is liable for alcoholic liquor, which is among the higher GST rates. Similarly, various governments have introduced policies to reduce the consumption of alcohol.

Global Premium Alcohol Market Drivers

Increasing global consumption of alcoholic beverages.

A major factor that is forecasted to boost the global premium alcohol market forward is estimated to be the increasing consumption of alcoholic beverages in the worldwide market. Alcohol is among the most consumed beverages globally in the food and beverage industry. With the increased consumption of alcoholic beverages, the demand for premium alcohol is expected to rise. Various companies and brands worldwide have also introduced thepremium alcoholic beverage category to attract new consumers.

Agriculture and Agri-Food Canada, in its report, stated that the consumption of alcoholic beverages in India witnessed a significant increase over thepast few years. The agency said that in 2021, a total of 5.17 billion liters of alcoholic beverages were consumed in the nation, which increased to 6.21 billion liters in 2022. In 2021 consumption, spirits accounted for themaximum market share, followed by beer; about 2.96 billion liters of spirits were consumed, whereas about 2.78 billion liters of beer were consumed. In 2022, the consumption of spirits increased to 3.33 billion liters, and that of beer reached 2.78 billion liters.

Similarly, theDistilled Spirits Council of the United States stated that the nation's market share of alcohol and spirits witnessed steady growth. The agency said that in the USA, vodka witnessed the maximum market revenue of about US$7.2 billion, followed by US$6.5 million in tequila. The American whiskey and cordials witnessed a total revenue of about US$5.3 billion and US$2.9 billion, respectively.

Global Premium Alcohol Market geographical outlook

Europe is forecasted to hold a major share of the Global Premium Alcohol market.

Europe is among the biggest producers and consumers of alcoholic beverages globally. Countries like Germany, Spain, the Netherlands, and Belgium are among the biggest producers of alcoholic beverages across the globe.

The Brewers of Europe, a beer brewery association of Europe, stated that in 2.02 trillion HL of beer were produced in the region, which is a significant increase from 387.87 million HL in 2021. Similarly, the consumption of beer in the region also increased from 354.10 million HL in 2021 to about 366.93 million HL in 2022.

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Report Coverage:

• Historical data & forecasts from 2022 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

Global Premium Alcohol Market is segmented and analyzed as follows:

By Type:

• Wine
• Beer
• Spirits

By Distribution Channel:

• On-Trade
• Off-Trade

By Geography:

• North America
• South America
• Europe
• Middle East and Africa
• Asia-Pacific