Food & Drink

The 10 Largest Spirits Companies In The World

Largest Spirits Companies Research Summary

The largest spirits company in the world is LVMH Moët Hennessy Louis Vuitton, with a revenue of $79.2 billion.
As of 2022, the global spirits industry has a market size of $484.40 billion.
Czechia has the highest alcohol consumption in the world, averaging 14.26 liters per person per year.
The global spirits market is expected to grow at a CAGR of 7.58% through 2030.

The spirits industry encompasses the production and sale of alcoholic beverages worldwide, including ethyl alcohol, liquors, and grain alcohol. These companies manage distilleries to process and package various products such as vodka, rum, whiskey, gin, tequila, and other spirits.

Within the global spirits market, certain regions dominate. Asia is the leading continent, capturing an impressive 58% of the total market share. Following it, North America holds 22% of the global spirits market, while the Middle East remains the least prolific in alcohol sales.

Recent trends in the spirits market focus on flavor experimentation and innovative production methods. The popularity of flavored alcoholic seltzers has surged, leading to the emergence of hybrid drinks that combine different types of alcohol for unique ready-to-drink experiences.

Several key players are driving industry growth. In this article, we will explore the top ten largest spirits companies globally as of 2026, based on their current market capitalization.

North American controls 22% of the global spirits market

10 Largest Spirits Companies in the World

LVMH Moët Hennessy Louis Vuitton. Paris, France.

Market Cap: $493.97 billion
2022 Annual Revenue: $79.2 billion

LVMH is a French multinational corporation formed from the merger of luxury fashion brand Louis Vuitton, Champagne producer Moët Chandon, and cognac producer Hennessy in 1987. The company manages prestigious brands such as Givenchy, Marc Jacobs, Veuve Clicquot, and Dom Pérignon.

Despite a challenging sales environment for wine and spirits in 2020, LVMH’s luxury fashion segment thrived, demonstrating the company’s resilience and broad market influence.
Kweichow Moutai. Maotai, China.

Market Cap: $311.67 billion
2022 Annual Revenue: $18.88 billion

Kweichow Moutai, founded in 1999, is one of China’s largest liquor companies, specializing in Maotai baijiu, a traditional fermented sorghum spirit. The majority of its revenue is generated in mainland China, where its products are often viewed as luxury investments.
Jiangsu Yanghe Brewery. Suqian, China

Market Cap: $225.99 billion
2022 Annual Revenue: $3.84 billion

Jiangsu Yanghe Brewery ranks as the third-largest spirits producer in China. Established in 2002, this company produces various types of liquor, particularly baijiu, and has seen significant growth in its stock price over the past year.
Anheuser-Busch. Leuven, Belgium.

Market Cap: $130.37 billion
2022 Annual Revenue: $57.78 billion

Anheuser-Busch InBev, or AB InBev, is a major player in the global spirits market, formed in 2008 through the merger of Belgian InBev and American Anheuser-Busch. The company boasts a diverse portfolio that includes iconic brands like Budweiser and Corona.

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Diageo North America. London, England

Market Cap: $106.45 billion
2021 Annual Revenue: $17.137 billion

Diageo Plc, the largest British spirits company, employs approximately 27,775 people worldwide and produces renowned brands such as Johnnie Walker and Guinness. Though it held the title of the largest spirits company for years, it has recently been surpassed by competitors.

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Wuliangye Yibin Co. Ltd. Yibin, China.

Market Cap: $99.63 billion
2022 Annual Revenue: $11.01 billion

Wuliangye Yibin Co. Ltd. is a state-owned enterprise specializing in baijiu production. Founded in 1998, it primarily caters to the Chinese market, where its products are highly sought after.
Altria. Richmond, Virginia.

Market Cap: $83.36 billion
2022 Annual Revenue: $25.1 billion

Altria Group, known for its cigarette production, also has a stake in the spirits market through its wine subsidiary. Despite challenges in the wine segment, Altria remains a key player in the industry.

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Pernod Ricard USA. Paris, France.

Market Cap: $60.59 billion
2022 Annual Revenue: $11.17 billion

Pernod Ricard, founded in 1975, is a significant player in the spirits market, known for brands like Absolut and Jameson. The company continues to expand its global reach and brand portfolio.

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Constellation Brands. Victor, New York.

Market Cap: $41.49 billion
2022 Annual Revenue: $9.55 billion

Founded in 1945, Constellation Brands has carved out a significant niche in the spirits market, boasting a portfolio that includes Robert Mondavi and Modelo Especial. The company has experienced substantial growth in recent years.

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Brown-Forman. Louisville, Kentucky.

Market Cap: $30.80 billion
2022 Annual Revenue: $3.933 billion

Brown-Forman, one of the oldest companies on our list, was founded in 1870 and is known for its flagship brands like Jack Daniel’s and Old Forester. This company maintains a strong global presence and continues to innovate.

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Spirits Industry FAQ

How are spirits classified?

Spirits are classified based on the fermentable material from which they are distilled. Common categories include whiskies, vodka, gin, brandy, and various types of schnapps. Most spirits are distilled from grains, while brandy is made from fermented fruits.
Who is the largest exporter of spirits?

The United Kingdom holds the title of the largest exporter of spirits globally. In 2021, the UK exported $7.67 billion in spirits. France follows closely as the second-largest exporter, with $6.08 billion in exports. Notably, France is home to LVMH, the largest spirits company in the world.

Food & Drink

Author

Chris Kolmar

Chris Kolmar is a co-founder of Zippia and the editor-in-chief of the Zippia career advice blog. He has hired over 50 people in his career, been hired five times, and wants to help you land your next job. His research has been featured on the New York Times, Thrillist, VOX, The Atlantic, and a host of local news. More recently, he's been quoted on USA Today, BusinessInsider, and CNBC.

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