Vermouth Market Size, Share, Trends, Growth and Forecast 2032

Vermouth Market Insights

Zion Market Research has published a report on the global Vermouth Market, estimating its value at USD 11.71 Billion in 2023, with projections indicating that it will reach USD 20.29 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 6.3% over the forecast period 2024-2032.

The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Vermouth industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Global Vermouth Market: Overview

Vermouth is a fortified white wine flavored with spices, roots, flowers, seeds, and barks.  Vermouth wines are sweet in taste and same as Martini and Cinzano. The product comprises of nearly 17% to 19% of alcohol as well as 7% to 9% of sugar. The manufacturing of the product includes a fortified base and infusing of herbs in it.

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Global Vermouth Market: Growth Factors

The massive rise in promotional activities is one of the major aspects that are likely to succor the growth of the vermouth industry in the upcoming years. In addition to this, the burgeoning need for new flavors in fortified wines based on consumer requirements, tastes, and preference will generate a profitable roadmap for the vermouth market in the near future. Furthermore, changing tastes of the customers and lucrative demand for exotic product flavors will drive the market demand. Nonetheless, levying of high taxes on the product along with strict legislation governing the use of the product will inhibit the business growth. Additionally, the easy availability of product substitutes along with a massive intake of craft beers will further obstruct the scope of growth for the vermouth industry.

Global Vermouth Market: Segmentation

The overall vermouth market can be classified based on packaging, product, distribution channel, and the end-use industry. In terms of packaging, the industry can be divided into glass bottles and plastic bottles. Among these segments, glass bottles packaging segment is likely to make major contributions towards the overall market growth during the analysis timeline. Based on the product, the industry can be segregated into dry vermouth and sweet & blanc vermouth. On the basis of the distribution channel, the vermouth market can be divided into direct and indirect distribution channels. An indirect distribution channel is further divided into online retailers, restaurants, convenience stores, modern trade, specialty stores, commercial, hotels, bars, and other retailing formats. Based on the end-use industry, the market is classified into the food sector, HoReCa, and beverage sector. Among the end-use industry segments, the beverage end-use industry segment is likely to dominate the overall market growth during the projected timeline.

Vermouth Market: Report Scope

Global Vermouth Market: Regional Analysis

Based on regions, the global vermouth market can be divided into four main regions: Asia Pacific, Europe, North America, and Latin America. Regionally, the continent of Europe is likely to make major contributions towards the overall market size during the review period due to massive product consumption in the region along with large product exports to the American continent.

Furthermore, the Asia Pacific industry is slated to experience a humungous surge over the upcoming years due to lifestyle changes of the consumers, social media impact, and rising trend of entertainments in lounges & clubs accelerating alcoholic drink sale. Additionally, swift urbanization and bulge in the middle-class population with rising disposable incomes will further steer the industry growth in the Asia Pacific region.

Global Vermouth Market: Competitive Players

Some of the major participants in the vermouth industry include-

• Giulio Cocchi Spumanti
• Bacardi
• Regal Rogue
• Quandy Winery
• David Campari-Milano
• Hotaling & Co.
• Fratelli Branca Distillerie
• Martinez Lacuesta.

The report segments the Global Vermouth market as follows:

Global Vermouth Market: Packaging Segment Analysis

• Glass bottles
• Plastic bottles

Global Vermouth Market: Product Segment Analysis

• Dry vermouth
• Sweet & blanc vermouth

Global Vermouth Market: Distribution channel Segment Analysis

• Direct distribution channels
• Indirect distribution channels
  • Online retailers
  • Restaurants
  • Convenience stores
  • Modern trade
  • Specialty stores
  • Commercial,
  • Hotels
  • Bars
  • Other retailing formats

Global Vermouth Market: End-use industry Segment Analysis

• Food sector
• HoReCa
• Beverage sector

Global Vermouth Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa