Vodka Market Growth, Opportunities, Consumption, Revenue And Forecast To 2027

 Market Overview

Vodka is an alcoholic beverage, which is made through distillation process. The raw material used for preparation of vodka include starches or sugar plants, such as wheat and vegetables such as potatoes. Vodka is a clear beverage with indistinguishable taste, which was originated in Russia and Poland and got its name from the Russian word ‘voda’ (water). Vodka is commonly used in cocktails as it’s colourless and has a clean taste which pairs well with any flavour. 

The market is expected to witness significant growth, owing to the increase in varieties of Vodka available out for consumers. Today, consumers prefer low-calorie products and superior ingredients due to the rise in health consciousness especially in the younger generation. Therefore, food & beverage industry is facing a challenge to continuously align itself to consumer preferences.

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Market Dynamics

Global vodka market is driven by the rising interest in cocktails culture among millennial consumers. Companies are now experimenting with innovative flavours for vodka cocktails which is drawing consumers towards exploring more expensive alcoholic beverages. Key players are launching new products to align with these rapid changes in consumer preferences. For instance, in 2019 Pernod Ricard launched, a Caviar-infused vodka called L’Orbe. Moreover, Hilton Head Distillery also launched ‘Aermoor’, a vodka that tastes like birthday cake.

Market Taxonomy

On the basis of flavor type, the global vodka market is segmented into:

  • Flavored

    Non-flavored

On the basis of distribution channel, the global vodka market is segmented into:

  • Restaurants and Bars

    Specialty Stores

    Supermarkets and Hypermarkets

    Online Stores

    Others

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Key players operating in the global vodka market include Belvedere, Brown-Forman, Diageo, Gruppo Campari, Pernod Ricard, Russian Standard, Bacardi, Central European Distribution, Constellation Spirits,

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