Spirits - Ukraine

  • Ukraine
  • Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Spirits market amounts to US$2,105.0m in 2024.
  • Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$165.8m in 2024.
  • Revenue, combined amounts to US$2,271.0m in 2024.
  • The revenue, at home is expected to grow annually by -3.17% (CAGR 2024-2029).
  • In global comparison, most revenue, at home is generated in China (US$146,400m in 2024).
  • In relation to total population figures, the average revenue per capita, at home of US$55.48 are generated in 2024.
  • In the Spirits market, volume, at home is expected to amount to 187.9m L by 2024.
  • Volume, out-of-home is expected to amount to 10,850.0k L in 2024.
  • Volume, combined is expected to amount to 198.8m L in 2024.
  • The Spirits market is expected to show a volume growth, at home of -10.3% in 2025.
  • The average volume per person, at home in the Spirits market is expected to amount to 4.95L in 2024.

Key regions: United States, United Kingdom, Worldwide, United Kingdom, Australia

 
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Analyst Opinion

The Spirits market in Ukraine has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances.

Customer preferences:
Ukrainian consumers have shown a growing interest in premium and craft spirits, as they seek unique and high-quality products. This shift in preferences can be attributed to a desire for more sophisticated and diverse options, as well as a willingness to spend more on premium spirits. Additionally, there is an increasing demand for flavored spirits, such as fruit-infused vodkas, which offer a refreshing twist to traditional spirits.

Trends in the market:
One of the key trends in the Ukrainian Spirits market is the rise of local craft distilleries. These small-scale producers are gaining popularity among consumers who value authenticity and support local businesses. Craft spirits often offer unique flavors and production methods, appealing to those seeking a more personalized drinking experience. Furthermore, there is a growing trend towards organic and natural spirits, as consumers become more health-conscious and environmentally aware.

Local special circumstances:
Ukraine has a long-standing tradition of producing and consuming spirits, particularly vodka. This cultural affinity for spirits has created a strong domestic market that continues to thrive. Additionally, the country's abundant agricultural resources, such as grains and fruits, provide a solid foundation for the production of spirits. The local climate and fertile soil contribute to the cultivation of high-quality ingredients, ensuring the production of premium spirits.

Underlying macroeconomic factors:
The Spirits market in Ukraine is also influenced by macroeconomic factors. The country's improving economic conditions, including rising disposable incomes and a growing middle class, have contributed to increased consumer spending on spirits. As Ukrainians have more purchasing power, they are able to afford higher-priced spirits and indulge in premium offerings. Furthermore, the government's efforts to promote the local spirits industry through favorable regulations and incentives have also played a role in the market's growth. In conclusion, the Spirits market in Ukraine is experiencing growth due to changing customer preferences, emerging trends, and local special circumstances. The demand for premium and craft spirits, flavored spirits, and organic/natural options reflects consumers' desire for unique and high-quality products. The rise of local craft distilleries and the country's cultural affinity for spirits further contribute to the market's development. Additionally, favorable macroeconomic conditions, including rising disposable incomes and government support, have fueled the market's growth. Overall, the Spirits market in Ukraine presents opportunities for both domestic and international players to tap into a growing consumer base and meet evolving preferences.

Methodology

Data coverage:
The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Modeling approach:
Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on alcoholic beverages, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.

Overview

  • Revenue
  • Volume
  • Price
  • Sales Channels
  • Global Comparison
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
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