Arak Market Growth Report 2020-2025

1. Arak Market Overview Analysis: Arak Market was worth USD 22.32 billion in 2018 and estimated to be growing at a CAGR of 3.6%, to reach USD 26.64 billion by 2023. Arak is a Levantine alcoholic beverage in the anis drinks family. Arak is a clear, colourless, unsweetened anise-flavoured distilled alcoholic drink. Arak is the traditional alcoholic beverage in the Arab world, especially in the Levant/Mashriq and also in Iran and Turkey. Arak is usually mixed in proportions of approximately one third arak and two thirds water in a traditional Eastern Mediterranean water vessel called Abarik. Arak is commonly served with mezza, which may include dozens of small traditional dishes. In general, arak drinkers prefer to consume it this way, rather than alone. It is also consumed with barbecues, along with garlic sauce. Primary factors accounted for driving the market are increasing local demand for arak in various developed and developing countries, increasing trend of using arak as an ingredient in Cocktails, increasing disposable income, changing lifestyles. However, factors like strict regulations, health concerns due to long term use and increasing trend of other alcoholic beverages are restricting the growth of market. Browse Full Report @ https://www.marketdataforecast.com/market-reports/arak-market Arak Market Segmentation Analysis: The Global market for Arak is segmented based on Source Type and Distribution Channel. Based on Source Type – Obeidi or Merwah Grapes and Anise Seeds. Based on Distribution Channel – Supermarkets, Travel Retails, Liquor Shop, Bar/Pub and Others. Based on Geographical analysis the market is separated into regions of North America, Asia-Pacific, Europe, Latin America and Middle East and Africa. Middle East and Africa is dominating the market due to their religious obligation to consume the drink and presence of market leaders. Asia Pacific is expected to grow the fastest owing to its increasing disposable income and growing urban population. The Obeidi or merwah grape arak drink holds the major share in market while the anise seeds segment is expected to grow the fastest due to its increasing popularity. Based on distribution channel supermarkets hold the major share in the market while liquor shops segment is expected to grow the fastest. Arak Market Key Players: Some of the key players dominating this market include Abi Raad Group Sarl, Kawar Arak, Lebanese Fine Wines, Haddad Distilleries, Eagle Distilleries, Chateau Ksara, Lebanese Arak Corporation and Domaine des Tourelles. Download Sample Report @ https://www.marketdataforecast.com/market-reports/arak- market/request-sample About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Market Data Forecast Email: contact@marketdataforecast.com

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