Arak Market by Raw Material and Geography - Forecast and Analysis 2022-2026
| Published: Jul 2022 | Pages: 115 | SKU: IRTNTR73915 |
The arak market share is expected to increase to USD 2.63 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.32%.
This arak market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers arak market segmentation by raw material (grapes, aniseed, and others) and geography (Middle East and Africa, North America, Europe, APAC, and South America). The arak market report also offers information on several market vendors, including Chateau Ksara, Domaine des Tourelles, El Massaya, Haddad Distilleries, Kawar Arak, Lebanese Arak Corp., Lebanese Fine Wines Ltd., LibanonWeine, and Zumot Distilleries among others.
What will the Arak Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Arak Market Size for the Forecast Period and Other Important Statistics
Arak Market: Key Drivers, Trends, and Challenges
The increasing number of distilleries and growth in exports of arak is notably driving the arak market growth, although factors such as fluctuations in raw material price may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the arak industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Arak Market Driver
The increasing number of distilleries and growth in exports of arak is one of the key drivers supporting the arak market growth. 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.
Key Arak 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.
Key Arak Market Challenge
Fluctuations in raw material price is one of the factors impeding the arak market growth. Primarily, the raw materials used for the production of arak are grapes, aniseeds, rice, or sugarcanes. However, they are prone to damage due to natural disasters and adverse weather conditions, such as heavy rainfall, drought, flood, earthquake, frost, and pestilence. This affects the yield and quality of raw materials, which are used as ingredients in the production of arak. Besides, the total lockdown in various countries globally during the pandemic hindered the cultivation of raw materials such as grapes, aniseeds, and rice, which, in turn, led to disruption of the supply chains of raw materials required to produce arak. Such factors may impede the market growth during the forecast period.
This arak market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global arak market as a part of the global distillers and vintners market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the arak market during the forecast period.
Who are the Major Arak Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Chateau Ksara
- Domaine des Tourelles
- El Massaya
- Haddad Distilleries
- Kawar Arak
- Lebanese Arak Corp.
- Lebanese Fine Wines Ltd.
- LibanonWeine
- Zumot Distilleries
This statistical study of the arak market encompasses successful business strategies deployed by the key vendors. The arak market is concentrated and the vendors are deploying growth strategies such as type, price, and quality of products to compete in the market.
Product Insights and News
- Chateauksara.com - The company offers arak products such as Chateau ksara ksarak arak 750ml.
- Domainedestourelles.com - The company offers arak products such as arak Brun 350ml.
- Massaya.com - The company offers arak products such as El Massaya arak 750ml.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The arak market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Arak Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the arak market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Arak Market?
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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. Market growth in this region will be faster than the growth of the market in North America and South America.
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. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The growth of the arak market was negatively impacted owing to the outbreak of COVID-19 in MEA. However, the initiation of vaccination drives, along with the reopening of distilleries in the region, led to the growth of the market in focus in MEA. Moreover, the growing focus on the tourism and wellness sector in Saudi Arabia and the UAE will create further demand for alcoholic drinks from tourists, thus driving the growth of the regional market during the forecast period.
What are the Revenue-generating Raw Material Segments in the Arak Market?
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The arak market share growth by the grapes segment will be significant during the forecast period. Grapes accounted for the largest revenue share in the global arak market in 2021. The major raw material required to produce arak is grapevines which are produced by crushing the grapes. Then, the grapevine production process is followed by several processes, including primary fermentation, pressing, secondary fermentation, first distillation, and second distillation. Moreover, the high consumption of the arak spirits in countries such as Lebanon, Syria, Israel, and Iraq will drive the segment growth in the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the arak market size and actionable market insights on post COVID-19 impact on each segment.
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Arak Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.32% |
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Market growth 2022-2026 |
$ 2.63 billion |
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Market structure |
Concentrated |
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YoY growth (%) |
3.12 |
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Regional analysis |
Middle East and Africa, North America, Europe, APAC, and South America |
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Performing market contribution |
Middle East and Africa at 47% |
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Key consumer countries |
US, Canada, Lebanon, Jordan, and Japan |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Chateau Ksara, Domaine des Tourelles, El Massaya, Haddad Distilleries, Kawar Arak, Lebanese Arak Corp., Lebanese Fine Wines Ltd., LibanonWeine, and Zumot Distilleries |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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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. |
What are the Key Data Covered in this Arak Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive arak market growth during the next five years
- Precise estimation of the arak market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the arak industry across Middle East and Africa, North America, Europe, APAC, and South America
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of arak market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
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
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
arak market market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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