Top Premium Spirit Companies

Global Premium Spirit Market size was valued at USD 232.84 Billion in 2024 and is poised to grow from USD 256.82 Billion in 2025 to USD 562.65 Billion by 2033, growing at a CAGR of 10.3% during the forecast period (2026–2033). 

The market is highly competitive with so many competitors functioning on a global scale. The sales of the firms' high-end products have significantly increased over time. Diageo's premium-and-above brands, for instance, had their best year ever in developed markets in 2019. The "Reserve" collection from these brands increased by 11%. Pernod Ricard, Rémy Cointreau, and Suntory Group are focusing on premiumization in a manner similar to this because they are also seeing rapid expansion in the high-end market segments. 'Kweichow Moutai (China) ', 'Anheuser-Busch InBev (Belgium) ', 'Wuliangye (China) ', 'Diageo (United Kingdom) ', 'Heineken (Netherlands) ', 'Constellation Brands (United States) ', 'Ambev (Brazil) ', 'Pernod Ricard (France) ', 'Brown-Forman (United States) ', 'Luzhou Laojiao (China) ', 'HITEJINRO Co., Ltd. (South Korea) ', 'Beam Suntory (United States) ', 'Bacardi Limited (Bermuda) ', 'Remy Cointreau (France) ', 'Campari Group (Italy) ', 'William Grant & Sons (United Kingdom) ', 'Sapporo Holdings Limited (Japan) ', 'Asahi Group Holdings, Ltd. (Japan) ', 'Suntory Holdings Limited (Japan) ', 'Kirin Holdings Company, Limited (Japan) '

Growing discretionary income has shown that adults in prosperous societies prefer to spend money on more expensive food and drink goods like premium brand wines and spirits. Adults are spending a lot more money on luxury spirits for themselves and their visitors' amusement and occasionally even to display their standards, which will support the market's growth.

It is expected the millennials will continue to represent a sizable portion of the alcohol market over the forecast period, as they did in recent years. The generation has substantial purchasing power and is of legal drinking age (LDA). Premium spirits also have superior quality compared to conventional alcohol since they're made with natural ingredients. During the projected period, these factors are estimated to spur the market forward.

In 2021, the Asia Pacific region had the largest volume share, which was over 40.0%. Premium spirits are more in demand now than ever before thanks to rising social media usage and greater public awareness of local health problems. Real cocktails with low alcohol are what consumers are looking for. The development of bar cultures in developing countries like China, India, and Thailand has contributed to the expansion of the regional sector. Together with rising disposable money, another important factor is the rise of the region's capacity to consume upmarket spirits of premium quality.