Global Industry Analysis of Arak Market Report Displays Positive Results, Estimated To Grow At A CAGR Of 3.6% By 2024


Published on : Feb 22, 2017

Albany, New York, February 22, 2017: The primary objective of the report is to present important insights on the anticipated future growth of the global arak market. The global market of arak has been escalating at a solid pace due to its increasing status between the younger generations. Market Research Hub (MRH) just added a new research report into its mighty database and termed report as “Global Industry Analysis of Arak Market” – Forecast 2016-2024.

Geographically, this report analysis discusses important regional trends which are contributing to the development of the global arak market. The important regions considered in this report are Europe, Asia-Pacific, Middle East & Africa, North America and Latin America. While, profits from sales of natural materials is anticipated to rise significantly in nations like India, Israel, Syria, Palestine and Lebanon over the forecast period. It also analyzes the global market of arak in terms of value and the findings shows that the market is expected to roll a CAGR of 3.6% during the forecast period 2016-2024.

A Levantine alcoholic spirit, Arak (also written as araq) is a colorless, unsweetened, and clear anise-flavored distilled alcoholic drink. It is usually mixed in quantities of roughly one-third arak and two-thirds water in a customary Eastern Mediterranean water basin so-called Abarik, then the combination is discharged into small cups along with ice cubes.

The main expected factors, which can drive the growth of the global arak market for the forecast period, is increasing as per the local demand of arak in numerous developing and developed nations. The prime challenge in the global arak market is the unstable administrative condition in Syria, which has significantly elevated the actual values of raw ingredients compulsory for manufacturing the arak.

The report specifically analyze the global arak market in terms of the distribution channel is divided into; the

Supermarket,

Travel retail,

Liquor shop,

Bar and

Pub.

As of 2015, the supermarket section was worth US $13.0 billion. The extensive reach of supermarkets, facility to deliver a larger variety of products and unpackaged storage are expected to work in favor of this section.

As a consequence of growing demand for local arak in numerous Middle Eastern and Asia Pacific (ME&AP) nations, generating opportunities for countless companies in the global arak market.

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Main companies in the global arak market covered in this report, it includes;

Kawar Arak,

Abi Raad Group Sarl,

Haddad Distilleries,

Domaine des Tourelles,

Lebanese Arak Corporation,

Lebanese Fine Wines Ltd,

Eagle Distilleries Co, and

Château Ksara.

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