Report Ocean introduces a fresh report examining the Global Arak Market, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
Obtain a comprehensive report on the Global Arak Market, which includes a full table of contents, over 200 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented 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 2023-2032.
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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.
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.
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
Reasons to Consider Purchasing the Arak Market Report:
Comprehensive Market Insights: Delve into the depths of the Arak Market Report to gain an all-encompassing and meticulous analysis of the market landscape. Uncover details such as market size, share, trends, and growth catalysts, which provide invaluable perspectives on both the present market scenario and its promising future prospects.
Reliable Projections: Rely on the report’s dependable forecasts and projections, which are underpinned by rigorous research methodologies, insights into industry expenditures, and assessments of market expansion rates. These foresights empower businesses to make well-informed decisions and chart out effective strategies for the times ahead.
In-depth Competition Analysis: Equip yourself with an extensive evaluation of key market players, their array of products, and the strategies they employ. This comprehensive understanding arms businesses with the knowledge needed to not only comprehend their rivals but also to craft strategies that position them ahead in the dynamic market arena.
Clear Market Scope and Segmentation: Gain clarity on the broad expanse of the market through the report’s clear delineation of market scope. With detailed insights into diverse market segments and their growth potential, businesses can discern and capitalize on opportunities that align with their objectives.
Insightful Regional Examination: Assess the market’s performance across different regions, enabling enterprises to pinpoint lucrative markets and tailor their approaches accordingly. With region-specific insights, businesses can adapt strategies that resonate with the unique dynamics of each area.
Evaluation of Industry Technology: Grasp the pulse of technological progress within the Arak market. The report dissects cutting-edge advancements and trends, providing businesses with a window into emerging technologies that have the potential to reshape the industry.
Dynamics of Supply and Demand: Acquire a profound comprehension of supply-demand dynamics. This understanding empowers businesses to optimize production, distribution, and inventory management processes, resulting in enhanced operational efficiency.
Informed Investment Decision Making: Leverage the report’s critical information and data-driven insights to facilitate informed investment choices within the Arak market. Equipped with this knowledge, businesses can confidently allocate resources to avenues with the greatest potential for returns.
Unveiling Long-Term Growth Avenues: Through the scrutiny of trends and growth stimulants, the report illuminates the enduring opportunities the Arak market holds. By identifying these sustainable growth prospects, businesses are poised to set a course for lasting success.
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