Arak - Global Strategic Business Report

The global market for Arak is estimated at US$15.2 Billion in 2023 and is projected to reach US$17.3 Billion by 2030, growing at a CAGR of 1.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the Arak market is driven by several factors, particularly cultural globalization which introduces Arak to new demographics beyond the Middle East. The growing interest in artisanal and craft spirits among consumers worldwide is also a significant driver, as is the impact of tourism and the influence of diaspora communities who introduce Arak to new markets. Social media and digital marketing play crucial roles in educating potential consumers about Arak’s heritage and unique aspects. Additionally, the evolving palates of global consumers, who are increasingly seeking exotic and diverse flavor profiles, boost Arak`s appeal. The incorporation of Arak into the international cocktail culture by innovative bartenders and regulatory changes that favor the production, distribution, and sale of traditional spirits further contribute to its growing popularity in the global spirits market.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Grapes-based Arak segment, which is expected to reach US$9.2 Billion by 2030 with a CAGR of a 2.2%. The Aniseed-based Arak segment is also set to grow at 1.6% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $4.1 Billion in 2023, and China, forecasted to grow at an impressive 4.0% CAGR to reach $3.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Arak Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Arak Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Arak Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Château Ksara, Clos St. Thomas, Domaine des Tourelles, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 25 Featured):

• Château Ksara
• Clos St. Thomas
• Domaine des Tourelles
• Eagle Distilleries
• Enab-Berlin
• Haddad Distilliries
• Ixsir
• Kawar Arak
• LAC Products
• Lebanese Fine Wines
• LibanonWeine
• Massaya
• Zumot Winery (Saint George Brand);