- Merwah Grapes
- Anise Seeds
Arak Market size was valued at USD 15.2 Bn in 2022, growing at a CAGR of 2.2% from 2023-2029. Arak is a Levantine alcoholic spirit in the anise drinks family. Arak is a colorless, clear, unsweetened distilled alcoholic drink with an anise flavor. Arak Saggi, a Persian version of arak does not contain the anise and is produced from sugarcane, raisins, and dates. It is a traditional alcoholic beverage in Iraq, Iran, Jordan, Lebanon, and Syria. COVID-19 is an unprecedented worldwide public health crisis that has impacted practically every business, and its long-term repercussions are expected to have an influence on industry growth during the projection period. This research report considers the influence of COVID-19 on the market and includes insights, analysis, projections, and predictions. The global Arak Market report covers exhaustive regional information, that includes North America (the USA and Canada), Europe (Germany, France, Italy, UK, Spain, Russia, Poland, and Rest of Europe), Asia-Pacific (Japan, China, India, Australia & New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentian, Venezuela, and Rest of Latin America), and the Middle East and Africa (Gulf Cooperation Council (GCC) Countries, Israel, South Africa, and Rest of the Middle East and Africa).
Fastest Growing Market
Increase in the arak popularity among younger individuals coupled with rise in adoption of arak in cocktails are expected to drive the growth of arak market. Moreover, increase in the production of arak by the market players, rise in number of restaurants, pubs, and bars around the globe, launch of innovative arak products with different flavors, and change in lifestyle are anticipated to fuel the global arak market over the forecast years. However, high production cost and selling prices, poor regulatory norms for the production of arak, and volatile political climate in Middle East countries such as Syria leads to increase in cost of raw materials, which may hinder the growth of arak market.
The arak market size was valued at USD 15.2 Bn in 2022.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
The arak market key players are: Abi Raad Group Sarl (Lebanon), Chateau Ksara (Lebanon), Domaine des Tourelles (Lebanon), Eagle Distilleries Co (Jordan), Haddad Distilleries (Jordan), Lebanese Arak Corporation (U.S.), Lebanese Fine Wines (U.K.)