Company: AGCC
Filing Date: 2025-10-22
Form Type: 424B4
Source: 0001213900-25-101076
Chunk: 101

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-10-22
Form: 424B4
Chunk 101
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 -7 | % |     |     -3 | % |     |       +19 | % |     |     +8 | % |     |    +1 | % |     |   -22 | % |     |      -2 | % |     |    +7 | % |     |    -3 | % |     |    +24 | % |

____________ Source: Scotch Whisky Association and Migo Whisky & Other Alcoholic Beverages Resale Market in Asia Taiwan According to Migo, the whisky market in Taiwan is experiencing significant growth, with annual sales increasing by approximately 20%, driven by a shift in consumer preferences towards premium and imported spirits. Taiwanese consumers are increasingly interested in high -qualitywhiskies for personal enjoyment and as gifts, contributing to whisky accounting for 19.5 million liter or around 23% of the total spirits market as of November 2024. Taiwan boasts a vibrant bar culture with extensive whisky selections, and its dense network of nearly 12,000 convenience stores facilitates easy access to a wide range of alcoholic beverages, including whisky. The rise of home drinking, particularly during and after the pandemic, has further boosted sales as consumers seek to recreate bar experiences at home. Promotions and tasting events play a crucial role in educating consumers and encouraging exploration within the whisky segment, particularly among young consumers aged 25 -35, around 40% of whom have expressed interest in exploring new whisky brands. This trend highlights a clear shift towards premiumization in the market. China China represents one of the largest and most dynamic alcoholic beverage markets in Asia, with the whisky segment rapidly expanding as younger consumers develop a taste for international brands. While historically smaller compared to spirits like baijiu, the whisky market is driven by a growing middle class, increased disposable income, and changing social norms around drinking. Projections indicate an annual growth rate of around 15% through 2025. In 2023, whisky sales reached approximately GBP920 million (US$1,158.74 million), with imported whisky accounting for about 30% of the market. E -commercehas become a vital channel for whisky sales, as consumers increasingly turn to online platforms for convenience and variety, with sales expected to grow by over 25% annually. Additionally, the growing popularity of whisky cocktails is diversifying the market, particularly among millennials and Generation Z, who are driving demand for premium and craft whiskies. However, challenges such as regulatory complexities and competition from local spirits, which currently dominate the market,