Global Arak Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Arak Market by region.
Global Arak Market is valued approximately USD $$ billion in 2022 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2030.
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Arak is a type of anise-based distilled beverage that is served without added sugar. The traditional alcoholic drink known as arak is considered the national beverage of Lebanon in Western Asia. The major ingredients of the beverage are grapes and aniseed from the anise plant, which gives the beverage its licorice flavour thanks to the chemical anethole. Arak was traditionally prepared and consumed in the past, but as technology and ingenuity advanced, commercial production of the beverage became commonplace. The drink is made using a triple distillation process and fermentation, and some variants additionally include the addition of dates, sugar, plums, figs, and molasses. Arak often has an alcohol level between 40 to 60%. The increasing consumption of alcoholic beverages and growing awareness towards traditional drinks as well as strategic initiatives from market players are key factors driving the market growth.
The increasing consumption of alcoholic beverages is contributing to the growth of the Global Arak Market. For instance, as per Statista – in 2020, the consumption of alcoholic beverages in India was estimated at 4.86 billion liters, and the consumption is projected to grow to 6.21 billion liters by 2024. Moreover, according to Statista – as of 2022, the revenue in the Alcoholic Drinks market is estimated at USD 1,484 billion, and the market is expected to grow annually by 10.01% (CAGR 2022-2025) to reach to USD 1975.74 billion by 2025. Also, growing travel & tourism sector and rising emergence of online distribution channels would create lucrative growth prospectus for the market over the forecast period. However, increased competition and availability of other alcoholic beverages stifle the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Arak Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Middle East and Africa (MEA) dominated the market in terms of revenue, owing to the dominance of leading market players and increasing consumption of Arak drink in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising popularity of traditional alcoholic beverages and increasing number of pubs and bars in the region.
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Major market players included in this report are:
Lebanese Arak Corporation
KawarArak
AbiRaad Group Sarl
Eagle Distilleries
Haddad Distilleries
Chateau Ksara
Lebanese Fine Wines Ltd.
Dominae des Tourelles
LibanonWeine
El Massaya
Recent Developments in the Market:
In August 2021, Tempo’s Masterpiece Team has announced launch of a new premium arak brand named NAOH 12 in Tel Aviv, Israel. This new premium drink is produced at the Kawar distillery in northern Israel using traditional distillation in copper boilers.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
By Raw Material
Grapes
Aniseed
Others
By Application
Commercial
Residential
By Distribution Channel
Retail Stores
Bar/Pubs
Online Stores
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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Scope of the Report:
The scope of this report encompasses a comprehensive analysis of the market growth expected to occur from 2023 to 2030. Through meticulous research, we have organized data pertaining to the evolving market structures that exert influence on industries, markets, technologies, and capabilities. Our report presents a thorough examination of relevant statistics, opportunities, challenges, drivers, restraints, limits, market size, share, and trends. By delivering valuable insights, we aim to provide a comprehensive understanding of the market landscape.
Our Arak Market Report is divided into several chapters to provide readers with a comprehensive understanding of the market.
Chapter 1 includes the scope of the report, research methodology, and other relevant information regarding the report’s contents.
Chapter 2 provides an executive summary, including the global Arak market size, sales and revenue, and compound annual growth rate (CAGR). It also includes the Arak market size by region, type, and application, historical data from 2018 to 2023, and a forecast until 2030.
Chapter 3 focuses on Arak market sales, revenue, average price, global market share, and industry ranking by company from 2018 to 2023.
Chapter 4 presents global Arak Market sales and revenue by region and country. It provides country-specific data and market value analysis for regions including the U.S., Canada, Europe, China, Japan, South Korea, Southeast Asia, India, Latin America, and the Middle East and Africa.
Chapters 5 through 8 delve deeper into the market, focusing on sales segments by country and type for each region including the Americas, APAC, Europe, and the Middle East and Africa.
Chapter 9 analyzes current market trends, market forecasts, opportunities, and economic trends that may affect the future of the marketplace.
Chapter 10 examines the manufacturing cost structure analysis of the market.
Chapter 11 explores sales channels, distributors, and customers.
Chapter 12 presents a world forecast review for geographic regions.
Chapter 13 analyzes key players in the market.
Chapter 14 provides research findings and a conclusion.
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