Jiangsu Yanghe delivers products both across China and internationally. They are most well known for producing baijiu at various price points and other liquor types. This company was founded in 2002 and manufactures food and tobacco products along with alcoholic beverages. They also produce non-alcoholic beverages such as energy drinks.Ĭoming in at a close number nine is Jiangsu Yanghe Brewery, the third largest spirits producer in China. AB InBev controls several notable beverage brands, including Budweiser, Corona, Hoegaarden, Modelo, Shock Top, and more. This company was formed in 2008 through the Belgian-based InBev’s acquiring of American company Anheuser-Busch. This multinational corporation serves consumers across the globe and has offices located in New York City, Mexico City, São Paulo, London, Johannesburg, and more. Still, the global influence of this corporation cannot be denied.Īnheuser-Busch InBev., also known as AB InBev, is the fourth largest global and largest Belgian spirits and alcohol company. With this in mind, LVMH might be questionable at our number two largest spirits company spot. However, its luxury fashion brands saw an increase of 18% in the same year, which may be surprising to some, given our global situation in 2020. Unfortunately for LVMH, sales of wine and spirits decreased by 14% in 2020. This conglomerate was formed in 1987 and manages notable luxury brands such as Givenchy, Marc Jacobs, Veuve Clicquot, Bulgari, Dom Pérignon, etc.
LVMH is a French multinational corporation born out of a merger between luxury fashion goods brand Louis Vuitton, Champagne producer Moët Chandon, and cognac producer Hennessy. In this article, we will go over the top ten largest spirits companies globally in 2020.ġ0 Largest Spirits Companies in the World However, certain companies are most responsible for pushing the industry forward when it comes to current growth. As flavored alcoholic seltzers grow in popularity, so do other “hybrid” drinks, which blend alcoholic beverages of different kinds in different ways to create unique ready-to-drink experiences. Trends within the spirits market have to do mostly with experimentation around flavor and production. The region of the middle east is the least-prolific alcohol seller. The second-largest region for spirits, by a wide margin, is the continent of North America, with a hold on 22% of the market. The continent of Asia is the global leader, with control over an impressive 58% of the total market in 2020. When looking at the global spirits market, some geographic regions account for a larger share than others. With the mandatory closing of bars and restaurants, social distancing and remote working requirements, and the closing of commercial activities, spirits companies saw seen significant decreases in profit through 2020. Though spirits companies have been helping us all get through this pandemic, the industry, like most others, was dealt a massive blow by COVID-related restrictions. These products include anything from vodka, rum, whiskey, gin, tequila, or other spirits. These companies may also be manufacturing this alcohol through distilleries where alcohol is processed and packaged. The spirits industry is responsible for selling alcoholic drinks globally, including ethyl alcohol, potable liquors, and grain alcohol. The global spirits market is projected to grow at a CAGR of 7.58% through 2030.
The largest spirit company in the world is LVMH Moët Hennessy Louis Vuitton, with a revenue of $66.30 billion.Īs of 2022, the global spirits industry has a market size of $484.40 billion.Ĭzechia Has the highest alcohol consumption in the world, at an average of 14.26 liters per person per year.
Largest Spirits Companies Research Summary
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