Asia Pacific Dominates the Liqueurs Market, Growing at a CAGR of 4.66% Over the Forecast Period

Global LiqueursMarket Overview

According to Global Market Monitor, the global liqueurs market size is $134.35 billion in 2024 with a CAGR of 4.18% from 2024 to 2029.

A liqueur is an alcoholic beverage made from a distilled spirit flavored with either fruit, cream, herbs, spices, flowers or nuts, and is bottled with added sugars and other sweeteners. Liqueurs are typically sweet. Liqueurs are not aged for a large amount of time once the ingredients are mixed. A resting period during the production process allows the flavors to mingle. In some areas of the United States and Canada, liqueurs are also referred to as cordials or schnapps, though the terms refer to different beverages elsewhere.

Regional Market

Most people around the world drink alcohol, and before sugar was introduced to Europe, universities, and monasteries in Salerno and Bologna in Italy and Leiden in the Netherlands were producing liqueur made from complex herbal and secret ingredients to treat diseases.

Asia Pacific dominates the global liqueur market and is expected to grow at a CAGR of 4.66% over the forecast period. The consumption of liqueurs in the Asia-Pacific region is expected to increase due to a growing young adult population and increased consumption of high-quality liqueurs. During the forecast period, demand for liqueurs in emerging markets such as China and India is expected to grow at the highest level as disposable income increases significantly.

Market Drivers and Constraints

The surging global young adult population, coupled with high disposable income, and consumer demand for premium/ultra-premium products are driving the global liqueurs market. However, due to health concerns, insufficient penetration in emerging countries and the growth of the sports drink market are expected to limit the growth of the market in the future.

Market Segment analysis

The neutral/Bitters segment dominated the global market in 2023 and is expected to maintain its dominance throughout the forecast period.

Leading glass bottle market share in 2023. Glass is durable, non-porous, oxygen impermeable, high temperature resistant, and can accurately preserve and present the original flavor, so consumers prefer liqueur in glass bottles. Consumers mainly choose reliable, healthy, sustainable and high-quality liqueur beverages, which will continue to maintain strong market demand for glass bottle packaging.

By Type	Neutral/Bitters
	Cream Wine
	Fruit Wine
By Application	Glass Bottle
	PET Bottle
	Metal Canning
By Sales Channel	Convenience Store
	Tradesman
	Supermarket