IMARC Group, a leading market research company, has recently releases report titled “Vodka Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global vodka market 2023 trends, share, size, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Industry Overview of Vodka Market

vodka refers to a strong, clear, colorless, distilled spirited beverage that is generally made by fermenting or distilling liquids produced from molasses, fruits, potatoes, and numerous grains, including corn, rye, wheat, rice, etc. During its production, malt is further integrated that acts as an active condiment that aids in transforming grain starch into sugars. Moderate vodka intake influences sleep quality, lowers cholesterol levels, maintains oral hygiene, improves cardiovascular health, and assists in de-stressing by offering a relaxing experience. Therefore, the product is gaining immense popularity across the globe.

How Big Is the Vodka Market?

The global vodka market size reached US$ 44.54 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 65.44 Billion by 2028 exhibiting a CAGR of 6.52% during 2023-2028.

Vodka Market Trends and Drivers:

The increasing consumption of alcoholic beverages and the shifting consumer preferences toward superior and ultra-premium drinks are among the key factors stimulating the vodka market. Moreover, the growing urbanization levels and the emerging trend of socializing and casual drinking in bars, restaurants, and clubs, especially amongst the young population at events and social gatherings, are also propelling the market growth. Besides this, the widespread adoption of citrus cocktails items, owing to the escalating demand for non-alcoholic beverages, is acting as another significant growth-inducing factor. Furthermore, the introduction of fruit-based vodka with minimal alcohol content is further fueling the global market. Apart from this, the inflating utilization of online distribution channels to purchase the drink instead of brick-and-mortar alcohol shops, especially during the COVID-19 pandemic, is positively influencing the market growth. Additionally, large-scale product endorsements, continuous investments to supplement the production of beverages, easy availability of the item at reasonable prices, the establishment of breweries by key players are anticipated to fuel the vodka market over the forecasted period.

Global Vodka Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report are: BAE Systems Plc, Barnard Microsystems Ltd, Eos Technologie, Sunlight Aerospace, UAV Instruments S.L, Xsun.

The report segmented the market based on type, quality and distribution channel.

Type Insights:

• Flavored
• Non-Flavored

Quality Insights:

• Standard
• Premium
• Ultra-Premium

Distribution Channel Insights:

• Off Trade
• On Trade

Regional Insights:

• 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