Vodka Market Size, Share, Growth Analysis, By Type(Flavored, non-flavored), By Quality(Ultra-premium, super-premium, premium, standard), By Region - Industry Forecast 2024-2031

Vodka Market size was valued at USD 11.63 billion in 2019 and is poised to grow from USD 12.99 billion in 2023 to USD 31.09 billion by 2031, growing at a CAGR of 11.52% in the forecast period (2024-2031).

Vodka is typically made from fermented potatoes and grain and has a standard alcohol content of 40% ABV. It is made up of ethanol and water. Growing demand for cocktails in both developed and developing countries is a major factor driving the global vodka market's expansion. Furthermore, rapidly changing lifestyles and growing urbanization, combined with their high disposable income, are propelling the global vodka market forward. Furthermore, rising demand for fruit-based and healthy vodka is expected to drive the global vodka market forward. Growing cocktail culture among consumers and increasing demand for premium vodka across the globe are likely to propel the vodka market.

Increasing investment from major player to acquire superior quality blueberry vodka products is propelling market growth. Major players are obtaining high-quality crushed ruby red grapefruit cocktails. Growing global demand for organic infusions of white spirits is propelling the industry forward. Furthermore, premium brands are focusing on introducing flavored vodkas that are both delicious and crispy in taste and have quickly gained popularity.

US Vodka Market  is poised to grow at a sustainable CAGR for the next forecast year.