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Vodka Market Size, Share & Trends Analysis Report By Type (Flavored, Non-Flavored), By Distribution Channel (Off-Trade, On-Trade), By Region (North America, Europe, Asia Pacific, Middle East & Africa), And Segment Forecasts, 2025 - 2030

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    Report

  • 110 Pages
  • March 2025
  • Region: Global
  • Grand View Research
  • ID: 5648082
The global vodka market size is expected to reach USD 40.25 billion by 2030, registering a CAGR of 6.5% from 2025 to 2030. Millennials have accounted for a significant percentage of alcohol drinkers in the recent past and this trend is anticipated to continue over the forecast period. The generation exhibits significant purchasing power and represents a major demographic for the alcoholic beverages market as they form a major percentage of consumers frequently visiting restaurants and pubs. As a result, they appear to be the most powerful buyers of various food and drink items, including vodka.

Vodka-based Ready to Drink (RTD) beverages such as pre-mixed cocktails, spirits, and hard seltzers are witnessing a huge increase in new product development, which is expected to drive the market. For example, in March 2022, under the Svedka brand, Constellation Brands launched a canned vodka line. The Tea Spritz line is described as a spirit-based hard seltzer that combines real tea, sparkling water, and natural tropical fruit flavors and is available in three flavors: Orange Mango, Pineapple Guava (both of which include turmeric), and Raspberry Kiwi.

Unlike beer and wine, vodka consumption at restaurants and bars has been growing. The growth is expected to continue outpacing on-premise consumption. With consumers' return to bars following the COVID-19 disruptions, vodka's on-premise consumption has been fueled, and this trend is anticipated to continue. According to IWSR Drinks Market Analysis in 2019, total vodka on-premise sales increased by 5.9% in the U.S. Grey Goose, for example, saw a 181% increase in on-premises sales in 2021, presenting lucrative opportunities for premium vodka manufacturers.

The flavored segment is anticipated to witness the fastest growth rate during the forecast period owing to the growing demand for high-end flavored vodka, especially among the millennial population. key companies are trying to offer a variety of vodka products and pioneer the ‘ready-to-shake’ drinks category. The newly launched product line includes the ‘Whisky Sour’ with DEWAR’S Blended Scotch whisky, ‘Rum Daiquirí’ made with BACARDÍ rum, and the ‘Espresso Martini Cocktail’ and ‘Passion Fruit Martini Cocktail’ made with 42BELOW vodka. With such initiatives

The off-trade segment is expected to register significant growth during the forecast period owing to the discounts and promotional offers provided by the retail outlets. The ease of accessing different varieties of alcohol at the outlets is expected to notable growth during the forecast period.

Asia Pacific is expected to register a significant CAGR of 6.1% during the forecast period. Asia Pacific is one of the leading markets for vodka owing to increased spending from people on better quality beverages in the region. In China, there has been a well-documented shift to buying alcohol online since the start of the pandemic. According to the study published by IWSR, the data shows that from 2019-2020, the value of China’s alcohol e-commerce sector grew by approximately 20%. The increased penetration of online sales of alcohol in China is driving the growth of the vodka market.

Leading manufacturers are Diageo, Bacardi Limited, and Pernod Ricard. Large players in the market are also setting the trend of acquiring regional brands that serve multiple states. Players are recognizing the importance and dominance of regional brands, not just in terms of scaling their businesses but also in terms of the positive impact of consistent service on customers.

Vodka Market Report Highlights

  • Based on type, the non-flavored vodka segment led the market with the largest revenue share of 64.9% in 2024. The flavored market is projected to grow at the fastest CAGR of 7.3% from 2025 to 2030.
  • Based on distribution channel, the on-trade segment led the market with the largest revenue share of 67.5% in 2024. The off-trade segment is projected to grow at the fastest CAGR of 7.5% from 2025 to 2030.
  • North America vodka market dominated with the largest revenue share of 34.9% in 2024. North America's robust cocktail culture and high demand for premium and flavored vodkas are major contributors to this dominance.
  • The vodka market in Asia Pacific is projected to grow at a significant CAGR of 7.0% from 2025 to 2030. Urbanization and economic development in the region have led to increased disposable incomes, enabling consumers to spend more on premium spirits such as vodka.

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This Report Addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets

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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Type Outlook
2.3. Distribution Channel Outlook
2.4. Regional Outlook
Chapter 3. Vodka Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Trends
3.2.2. Sales Channel Analysis
3.2.3. Profit Margin Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Industry Challenges
3.3.4. Industry Opportunities
3.4. Business Environment Analysis - Porter’s Analysis
3.5. Market Entry Strategies
3.6. Vodka Retail Pricing Analysis by Country, 2024 (USD)
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Vodka Market: Type Estimates & Trend Analysis
5.1. Type Movement Analysis & Market Share, 2024 & 2030
5.2. Flavored
5.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.3. Non-Flavored
5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 6. Vodka Market: Distribution Channel Estimates & Trend Analysis
6.1. Distribution Channel Movement Analysis & Market Share, 2023 & 2030
6.2. Off-Trade
6.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
6.3. On-Trade
6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 7. Vodka Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2024 & 2030
7.2. Regional Movement Analysis & Market Share, 2024 & 2030
7.3. North America
7.3.1. U.S.
7.3.1.1. Key country dynamics
7.3.1.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.2. Canada
7.3.2.1. Key country dynamics
7.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.4. Europe
7.4.1. Germany
7.4.1.1. Key country dynamics
7.4.1.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.4.2. UK
7.4.2.1. Key country dynamics
7.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.4.3. France
7.4.3.1. Key country dynamics
7.4.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.4.4. Italy
7.4.4.1. Key country dynamics
7.4.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.4.5. Russia
7.4.5.1. Key country dynamics
7.4.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.5. Asia Pacific
7.5.1. China
7.5.1.1. Key country dynamics
7.5.1.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.5.2. Japan
7.5.2.1. Key country dynamics
7.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.5.3. India
7.5.3.1. Key country dynamics
7.5.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.6. Latin America
7.6.1. Brazil
7.6.1.1. Key country dynamics
7.6.1.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.6.2. Argentina
7.6.2.1. Key country dynamics
7.6.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.7. Middle East & Africa
7.7.1. South Africa
7.7.1.1. Key country dynamics
7.7.1.2. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 8. Competitive Analysis
8.1. Recent developments & impact analysis, by key market participants
8.2. Company Categorization
8.3. Participant’s Overview
8.4. Financial Performance
8.5. Product Benchmarking
8.6. Company Market Share Analysis, 2024 (%)
8.7. Company Heat Map Analysis
8.8. Strategy Mapping
8.9. Company Profiles
8.9.1. Brown-Forman Corporation
8.9.1.1. Company Overview
8.9.1.2. Financial Performance
8.9.1.3. Product Portfolios
8.9.1.4. Strategic Initiatives
8.9.2. Diageo
8.9.2.1. Company Overview
8.9.2.2. Financial Performance
8.9.2.3. Product Portfolios
8.9.2.4. Strategic Initiatives
8.9.3. Pernod Ricard
8.9.3.1. Company Overview
8.9.3.2. Financial Performance
8.9.3.3. Product Portfolios
8.9.3.4. Strategic Initiatives
8.9.4. Belvedere Vodka
8.9.4.1. Company Overview
8.9.4.2. Financial Performance
8.9.4.3. Product Portfolios
8.9.4.4. Strategic Initiatives
8.9.5. Bacardi Limited
8.9.5.1. Company Overview
8.9.5.2. Financial Performance
8.9.5.3. Product Portfolios
8.9.5.4. Strategic Initiatives
8.9.6. Constellation Brands, Inc.
8.9.6.1. Company Overview
8.9.6.2. Financial Performance
8.9.6.3. Product Portfolios
8.9.6.4. Strategic Initiatives
8.9.7. Proximo Spirits, Inc.
8.9.7.1. Company Overview
8.9.7.2. Financial Performance
8.9.7.3. Product Portfolios
8.9.7.4. Strategic Initiatives
8.9.8. Distell Limited
8.9.8.1. Company Overview
8.9.8.2. Financial Performance
8.9.8.3. Product Portfolios
8.9.8.4. Strategic Initiatives
8.9.9. Stoli Group
8.9.9.1. Company Overview
8.9.9.2. Financial Performance
8.9.9.3. Product Portfolios
8.9.9.4. Strategic Initiatives
8.9.10. Iceberg Vodka Corporation
8.9.10.1. Company Overview
8.9.10.2. Financial Performance
8.9.10.3. Product Portfolios
8.9.10.4. Strategic Initiatives
List of Tables
Table 1 Global vodka market - Key market driver analysis
Table 2 Global vodka market - Key market restraint analysis
Table 3 Global vodka market estimates and forecast 2018 - 2030 (USD Million)
Table 4 Global vodka market estimates and forecast by type 2018 - 2030 (USD Million)
Table 5 Global vodka market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
Table 6 Global vodka market revenue estimates and forecast by region, 2018 - 2030 (USD Million)
Table 7 North America vodka market revenue estimates and forecast by country, 2018 - 2030 (USD Million)
Table 8 U.S. macro-economic outlay
Table 9 U.S. vodka market estimates and forecast, 2018 - 2030 (USD Million)
Table 10 U.S. vodka market estimates and forecast by type 2018 - 2030 (USD Million)
Table 11 U.S. vodka market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
Table 12 Canada macro-economic outlay
Table 13 Canada vodka market estimates and forecast, 2018 - 2030 (USD Million)
Table 14 Canada vodka market estimates and forecast by type 2018 - 2030 (USD Million)
Table 15 Canada vodka market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
Table 16 Europe vodka market estimates and forecast, 2018 - 2030 (USD Million)
Table 17 UK macro-economic outlay
Table 18 UK vodka market estimates and forecast, 2018 - 2030 (USD Million)
Table 19 UK vodka market estimates and forecast by type 2018 - 2030 (USD Million)
Table 20 UK vodka market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
Table 21 Germany macro-economic outlay
Table 22 Germany vodka market estimates and forecast 2018 - 2030 (USD Million)
Table 23 Germany vodka market estimates and forecast by type 2018 - 2030 (USD Million)
Table 24 Germany vodka market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
Table 25 France macro-economic outlay
Table 26 France vodka market estimates and forecast 2018 - 2030 (USD Million)
Table 27 France vodka market estimates and forecast by type 2018 - 2030 (USD Million)
Table 28 France vodka market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
Table 29 Italy macro-economic outlay
Table 30 Italy vodka market estimates and forecast 2018 - 2030 (USD Million)
Table 31 Italy vodka market estimates and forecast by type 2018 - 2030 (USD Million)
Table 32 Italy vodka market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
Table 33 Russia macro-economic outlay
Table 34 Russia vodka market estimates and forecast 2018 - 2030 (USD Million)
Table 35 Russia vodka market estimates and forecast by type 2018 - 2030 (USD Million)
Table 36 Russia vodka market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
Table 37 Asia Pacific vodka market estimates and forecast, 2018 - 2030 (USD Million)
Table 38 China macro-economic outlay
Table 39 China vodka market estimates and forecast, 2018 - 2030 (USD Million)
Table 40 China vodka market estimates and forecast by type 2018 - 2030 (USD Million)
Table 41 China vodka market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
Table 42 India macro-economic outlay
Table 43 India vodka market estimates and forecast 2018 - 2030 (USD Million)
Table 44 India vodka market estimates and forecast by type 2018 - 2030 (USD Million)
Table 45 India vodka market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
Table 46 Japan macro-economic outlay
Table 47 Japan vodka market estimates and forecast 2018 - 2030 (USD Million)
Table 48 Japan vodka market estimates and forecast by type 2018 - 2030 (USD Million)
Table 49 Japan vodka market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
Table 50 Latin America vodka market estimates and forecast, 2018 - 2030 (USD Million)
Table 51 Brazil macro-economic outlay
Table 52 Brazil vodka market estimates and forecast, 2018 - 2030 (USD Million)
Table 53 Brazil vodka market estimates and forecast by type 2018 - 2030 (USD Million)
Table 54 Brazil vodka market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
Table 55 Argentina macro-economic outlay
Table 56 Argentina vodka market estimates and forecast, 2018 - 2030 (USD Million)
Table 57 Argentina vodka market estimates and forecast by type 2018 - 2030 (USD Million)
Table 58 Argentina vodka market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
Table 59 Middle East & Africa vodka market estimates and forecast, 2018 - 2030 (USD Million)
Table 60 South Africa macro-economic outlay
Table 61 South Africa vodka market estimates and forecast, 2018 - 2030 (USD Million)
Table 62 South Africa vodka market estimates and forecast by type 2018 - 2030 (USD Million)
Table 63 South Africa vodka market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Vodka market snapshot
Fig. 2 Vodka market segmentation & scope
Fig. 3 Vodka market penetration & growth prospect mapping
Fig. 4 Vodka market value chain analysis
Fig. 5 Vodka market dynamics
Fig. 6 Vodka market Porter's Five Forces analysis
Fig. 7 Vodka market: Type movement analysis, 2023 & 2030 (%)
Fig. 8 Flavored vodka market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 9 Non-flavored vodka market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 10 Vodka market: Distribution channel movement analysis, 2023 & 2030 (%)
Fig. 11 Vodka market estimates and forecast, through off-trade, 2018 - 2030 (USD Million)
Fig. 12 Vodka market estimates and forecast, through on-trade, 2018 - 2030 (USD Million)
Fig. 13 Vodka market: Regional movement analysis, 2023 & 2030 (%)
Fig. 14 North America vodka market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 15 U.S. vodka market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 16 Canada vodka market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 17 Europe vodka market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 18 Germany vodka market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 19 UK vodka market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 20 Russia vodka market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 21 Italy vodka market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 22 France vodka market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 23 Asia Pacific vodka market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 24 China vodka market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 25 India vodka market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 26 Japan vodka market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 27 Latin America vodka market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 28 Brazil vodka market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 29 Argentina vodka market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 30 Middle East & Africa vodka market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 31 South Africa vodka market estimates and forecast, 2018 - 2030 (USD Million)

Companies Mentioned

  • Brown-Forman Corporation
  • Diageo
  • Pernod Ricard
  • Belvedere Vodka
  • Bacardi Limited
  • Constellation Brands, Inc.
  • Proximo Spirits, Inc.
  • Distell Limited
  • Stoli Group
  • Iceberg Vodka Corporation

Methodology

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Table Information