Global Vermouth Industry: Key Statistics and Insights in 2025-2033
Summary:
- The global vermouth industry size reached USD 11.8 Billion in 2024.
- The market is expected to reach USD 20.4 Billion by 2033, exhibiting a growth rate (CAGR) of 6.22% during 2025-2033.
- Europe leads the market, accounting for the largest vermouth market share.
- Sweet vermouth is the most popular vermouth because it can be used with many different types of alcohol and mixers.
- Off-trade holds the biggest market share due to the rising focus on enhanced convenience among individuals.
- The growing demand for vermouth due to the increasing health consciousness among consumers is offering a positive market outlook.
- The escalating demand for vermouth on account of the rising demand for premium products is propelling the growth of the market.
Industry Trends and Drivers:
- Rising Health Consciousness:
The positive effects of the market are attributed to the rising number of health-conscious consumers who require the products to make vermouth. Further, increasing awareness of low alcohol and calorie products is driving the growth of the market. Apart from this, vermouth contains less alcohol than the regular spirits, thus being quite appealing to the customers that switched to lighter drinks. Also important to note, is the fact that there are botanical additions to vermouth as well as herbal infusions which are also relevant to the new trends associated with natural products with extra functionality.
- Increasing Demand for Premium Products:
The increase in the consumption rate for vermouth because of the surge in the requirement for quality vermouth is boosting the growth of the market. As such, the consumer is now more willing to spend his money on quality and craft vermouths that contain natural ingredients. This is paving way for introducing new vermouth brands that consist of different taste and quality production process. Besides this, quantity has given way to quality and people are now looking for products that would give that special taste experience to people.
- Culinary Trends:
This strategic increase in the use of an ingredient such as vermouth in different uses is driving the market. The industry and many resident cooks are beginning to discover this potential use of rose water in cooking; it can be used as a sauce base, a marinade, a glaze or a dessert ingredient. Besides this, it uses of vermouth also intensifies the taste of a variety of recipes. This culinary exploration helps the vodka brand in the process of widening tertial appeal of vermouth beyond the bar category, attracting those customer segments that value the role of this component in the creation of both savory and sweet flavors. In addition, there is a rising use of cafe, hotels, bar and club services that is positively impacting the growth of the market.
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Vermouth Market Report Segmentation:
By Product:
- Dry Vermouth
- Sweet Vermouth
Sweet vermouth represents the largest segment as it can complement a wide range of spirits and mixers.
By Distribution Channel:
- Off-Trade
- On-Trade
Off-trade holds the biggest market share due to the rising focus on enhanced convenience among individuals.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Europe enjoys a leading position in the vermouth market, which can be attributed to changing preferences of individuals.
Top Vermouth Market Leaders:
The vermouth market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
- Atsby Vermouth
- Bacardi Limited
- Bodegas Martinez Lacuesta La Rioja Haro
- Branca International S.p.A.
- Contratto
- Davide Campari-Milano N.V. (Lagfin S.C.A.)
- Giulio Cocchi Spumanti Srl
- La Quintinye Vermouth Royal
- Quady Wines, Ransom Spirits
- Uncouth Vermouth,
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