Arak Market to Grow by USD 2.63 Bn, Increasing Number Of Distilleries And Growth In Exports Of Arak to Boost Growth - Technavio

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Nov 02, 2022, 06:30 ET

NEW YORK, Nov. 2, 2022 /PRNewswire/ -- The arak market will be driven by factors such as the increasing number of distilleries and growth in exports of arak. Distilleries are increasing their footprint in North America due to the increase in demand for arak. For instance, in January 2020, Rechmaya Distillery, a Lebanon-based spirit distillery, announced to increase in their export of spirits, including arak, to the US. Moreover, a significant rise in the per capita income in developed and developing economies is increasing the demand for premium spirits among consumers. Thus, the growing demand for arak has led to an increase in the number of craft distillers globally, which will drive market growth during the forecast period.

Technavio has announced its latest market research report titled Global Arak Market 2022-2026

The arak market size is expected to grow by USD 2.63 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 3.32% during the forecast period, according to Technavio.

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Arak Market: Market Trend

Growing online sales is one of the key arak market trends contributing to the market growth. The Internet has become an important tool for sales and marketing activities in the alcoholic beverages industry. Moreover, online retailing has helped small businesses such as producers of arak to expose their brands to a larger consumer base. In addition, the use of e-commerce websites as a tool to engage consumers has increased. Vendors often organize various contests on their social media platforms and reward winners with gifts. Such initiatives help the vendors in enhancing consumer engagement. Meanwhile, during the outbreak of COVID-19, people and governments were focused on maintaining social distancing to contain the spread of the disease, which further boosted the sale of alcoholic beverages through online platforms. These factors are expected to have a positive impact on the market growth during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report

Arak Market: Segmentation Analysis

This report segments the arak market by raw material (grapes, aniseed, and others), and geography (Middle East and Africa, North America, Europe, APAC, and South America).

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47% of the market's growth will originate from Middle East and Africa during the forecast period. Lebanon and Jordan are the key markets for the arak market in Middle East and Africa. The increase in the number of local distillers and the increasing consumption of anise drinks will facilitate the arak market growth in Middle East and Africa over the forecast period. Lebanon, Jordan, Israel, Saudi Arabia, and Syria are the major contributors to the regional arak market. Arak consumption is mostly concentrated in the Middle East and is used in various cocktail drinks in Lebanon, Jordan, and other countries of the Middle East.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. Buy Now for Segment Analysis

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Arak Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 3.32%
Market growth 2022-2026	USD 2.63 billion
Market structure	Concentrated
YoY growth (%)	3.12
Regional analysis	Middle East and Africa, North America, Europe, APAC, and South America
Performing market contribution	Middle East and Africa at 47%
Key consumer countries	US, Canada, Lebanon, Jordan, and Japan
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	Chateau Ksara, Domaine des Tourelles, El Massaya, Haddad Distilleries, Kawar Arak, Lebanese Arak Corp., Lebanese Fine Wines Ltd., LibanonWeine, and Zumot Distilleries
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

1.1 Market Overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Raw Material
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market Definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Raw Material

5.1 Market segments

Exhibit 24: Chart on Raw Material - Market share 2021-2026 (%)
Exhibit 25: Data Table on Raw Material - Market share 2021-2026 (%)

5.2 Comparison by Raw Material

Exhibit 26: Chart on Comparison by Raw Material
Exhibit 27: Data Table on Comparison by Raw Material

5.3 Grapes - Market size and forecast 2021-2026

Exhibit 28: Chart on Grapes - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Grapes - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Grapes - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Grapes - Year-over-year growth 2021-2026 (%)

5.4 Aniseed - Market size and forecast 2021-2026

Exhibit 32: Chart on Aniseed - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Aniseed - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Aniseed - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Aniseed - Year-over-year growth 2021-2026 (%)

5.5 Others - Market size and forecast 2021-2026

Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.6 Market opportunity by Raw Material

Exhibit 40: Market opportunity by Raw Material ($ million)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 42: Chart on Market share by geography 2021-2026 (%)
Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 44: Chart on Geographic comparison
Exhibit 45: Data Table on Geographic comparison

7.3 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 46: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.4 North America - Market size and forecast 2021-2026

Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.5 Europe - Market size and forecast 2021-2026

Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.6 APAC - Market size and forecast 2021-2026

Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.7 South America - Market size and forecast 2021-2026

Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.8 Lebanon - Market size and forecast 2021-2026

Exhibit 66: Chart on Lebanon - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on Lebanon - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on Lebanon - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on Lebanon - Year-over-year growth 2021-2026 (%)

7.9 US - Market size and forecast 2021-2026

Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

7.10 Jordan - Market size and forecast 2021-2026

Exhibit 74: Chart on Jordan - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on Jordan - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on Jordan - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Jordan - Year-over-year growth 2021-2026 (%)

7.11 Canada - Market size and forecast 2021-2026

Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)

7.12 Japan - Market size and forecast 2021-2026

Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 87: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 89: Overview on factors of disruption

9.4 Industry risks

Exhibit 90: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 91: Vendors covered

10.2 Market positioning of vendors

Exhibit 92: Matrix on vendor position and classification

10.3 Chateau Ksara

Exhibit 93: Chateau Ksara - Overview
Exhibit 94: Chateau Ksara - Product / Service
Exhibit 95: Chateau Ksara - Key offerings

10.4 Domaine des Tourelles

Exhibit 96: Domaine des Tourelles - Overview
Exhibit 97: Domaine des Tourelles - Product / Service
Exhibit 98: Domaine des Tourelles - Key offerings

10.5 El Massaya

Exhibit 99: El Massaya - Overview
Exhibit 100: El Massaya - Product / Service
Exhibit 101: El Massaya - Key offerings

10.6 Haddad Distilleries

Exhibit 102: Haddad Distilleries - Overview
Exhibit 103: Haddad Distilleries - Product / Service
Exhibit 104: Haddad Distilleries - Key offerings

10.7 Kawar Arak

Exhibit 105: Kawar Arak - Overview
Exhibit 106: Kawar Arak - Product / Service
Exhibit 107: Kawar Arak - Key offerings

10.8 Lebanese Arak Corp.

Exhibit 108: Lebanese Arak Corp. - Overview
Exhibit 109: Lebanese Arak Corp. - Key offerings

10.9 Lebanese Fine Wines Ltd.

Exhibit 110: Lebanese Fine Wines Ltd. - Overview
Exhibit 111: Lebanese Fine Wines Ltd. - Product / Service
Exhibit 112: Lebanese Fine Wines Ltd. - Key offerings

10.10 LibanonWeine

Exhibit 113: LibanonWeine - Overview
Exhibit 114: LibanonWeine - Product / Service
Exhibit 115: LibanonWeine - Key offerings

10.11 Zumot Distilleries

Exhibit 116: Zumot Distilleries - Overview
Exhibit 117: Zumot Distilleries - Product / Service
Exhibit 118: Zumot Distilleries - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 119: Inclusions checklist
Exhibit 120: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 121: Currency conversion rates for US$

11.4 Research methodology

Exhibit 122: Research methodology
Exhibit 123: Validation techniques employed for market sizing
Exhibit 124: Information sources

11.5 List of abbreviations

Exhibit 125: List of abbreviations

About Technavio

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