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Global Arak Market to reach USD XX billion by the end of 2029.

Global Arak Market Size study & Forecast, by Raw Material (Grapes, Aniseed, Others ) Application (Commercial, Residential) Distribution Channel (Retail Stores, Bar/Pubs, Online Stores) and Regional Analysis, 2022-2029

Product Code: OIRFB-35062086
Publish Date: 8-02-2023
Page: 200

Global Arak Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. 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 player 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.

Global Arak Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Raw Material, Application, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

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

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Arak Market, by Region, 2019-2029 (USD Billion)
1.2.2. Arak Market, by Raw Material, 2019-2029 (USD Billion)
1.2.3. Arak Market, by Application, 2019-2029 (USD Billion)
1.2.4. Arak Market, by Distribution Channel, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Arak Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Arak Market Dynamics
3.1. Arak Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing consumption of alcoholic beverages
3.1.1.2. Growing awareness towards traditional drinks
3.1.1.3. Strategic initiatives from market players
3.1.2. Market Challenges
3.1.2.1. Increased competition
3.1.2.2. Availability of other alcoholic beverages
3.1.3. Market Opportunities
3.1.3.1. Growing travel & tourism sector
3.1.3.2. Rising emergence of online distribution channels
Chapter 4. Global Arak Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Arak Market, by Raw Material
6.1. Market Snapshot
6.2. Global Arak Market by Raw Material, Performance – Potential Analysis
6.3. Global Arak Market Estimates & Forecasts by Raw Material 2019-2029 (USD Billion)
6.4. Arak Market, Sub Segment Analysis
6.4.1. Grapes
6.4.2. Aniseed
6.4.3. Others
Chapter 7. Global Arak Market, by Application
7.1. Market Snapshot
7.2. Global Arak Market by Application, Performance – Potential Analysis
7.3. Global Arak Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Arak Market, Sub Segment Analysis
7.4.1. Commercial
7.4.2. Residential
Chapter 8. Global Arak Market, by Distribution Channel
8.1. Market Snapshot
8.2. Global Arak Market by Distribution Channel, Performance – Potential Analysis
8.3. Global Arak Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Billion)
8.4. Arak Market, Sub Segment Analysis
8.4.1. Retail Stores
8.4.2. Bar/Pubs
8.4.3. Online Stores
Chapter 9. Global Arak Market, Regional Analysis
9.1. Arak Market, Regional Market Snapshot
9.2. North America Arak Market
9.2.1. U.S. Arak Market
9.2.1.1. Raw Material breakdown estimates & forecasts, 2019-2029
9.2.1.2. Application breakdown estimates & forecasts, 2019-2029
9.2.1.3. Distribution Channel breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Arak Market
9.3. Europe Arak Market Snapshot
9.3.1. U.K. Arak Market
9.3.2. Germany Arak Market
9.3.3. France Arak Market
9.3.4. Spain Arak Market
9.3.5. Italy Arak Market
9.3.6. Rest of Europe Arak Market
9.4. Asia-Pacific Arak Market Snapshot
9.4.1. China Arak Market
9.4.2. India Arak Market
9.4.3. Japan Arak Market
9.4.4. Australia Arak Market
9.4.5. South Korea Arak Market
9.4.6. Rest of Asia Pacific Arak Market
9.5. Latin America Arak Market Snapshot
9.5.1. Brazil Arak Market
9.5.2. Mexico Arak Market
9.5.3. Rest of Latin America Arak Market
9.6. Rest of The World Arak Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Lebanese Arak Corporation
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. KawarArak
10.2.3. AbiRaad Group Sarl
10.2.4. Eagle Distilleries
10.2.5. Haddad Distilleries
10.2.6. Chateau Ksara
10.2.7. Lebanese Fine Wines Ltd.
10.2.8. Dominae des Tourelles
10.2.9. LibanonWeine
10.2.10. El Massaya
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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