Specialty spirits are region-specific traditional spirits. Baijiu in China, soju in South Korea, sochu in Japan, Cachaça in Brazil, and raki in Turkey are some of the popular specialty spirits.
The APAC region has the biggest market share in the specialty spirits market with China and Thailand as the largest markets. Even with the ban on advertising alcohol, specialty spirits are doing well based on personal recommendations. The introduction of new brands and flavors, which specifically targets the female consumer demographic, is an important growth-promoting factor for this market. Artisan brands are also gaining ground in this region due to their unique flavor.
Of all the specialty spirits available on the market, Baijiu is the most purchased and consumed. The Chinese drink a lot of it through the year on special occasions, and there are several flavors to try. The Chinese consumer is gravitating towards imported spirits, and the competition is pretty stiff, thanks to a multitude of products. Drinks like Shochu and Soju are also catching on with consumers around the world thanks to clever advertising and product placement.
The Global Specialty Spirits Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023-2030.

In the global Specialty Spirits Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-
HiteJinro
IRB Tatuzinho 3 Fazendas
Kirishimashuzo
Kumbokju
Lotte
Luzhou Laojiao
Sanwa Shurui
Takara Shuzo.
Craft Distillers
French Libation
Alcan Smokehouse
TX Spirits Geek
Prohibition Spirits Distillery
Sidetrack Distillery
Riverside Foods
International Wines & Craft Beer

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :
Baijiu
Shochu and Soju
Cachaca
Other

In Market segmentation by applications :
Commercial Use
Household
Other

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Specialty Spirits Market for the forecast period 2023-2030?
• What are the driving forces in the Specialty Spirits Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Specialty Spirits industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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