Company: AGCC
Filing Date: 2025-10-22
Form Type: 424B4
Source: 0001213900-25-101076
Chunk: 102

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-10-22
Form: 424B4
Chunk 102
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 accounting for around 70% of total spirit sales, remain significant barriers for international brands. Singapore Singapore’s whisky market is characterized by a discerning consumer base that values premium and luxury brands, establishing the city -stateas a regional hub for whisky enthusiasts. The thriving bar scene, along with numerous whisky festivals and tasting events, underscores this status. According to the Census Bureau, exports to Singapore increased by 31%, reaching over GBP380 million (US$478.61 million) in the 12 months leading up to October 2023. The market is driven by robust demand for premium and super -premiumwhiskies, which account for approximately 60% of total whisky sales. Consumers show a growing interest in exploring various whisky expressions, which has led

70 to heightened enthusiasm for craft and boutique distilleries, while tourism also plays a significant role in bolstering the demand for high -endalcoholic beverages. E -commerceis gaining traction, with projections indicating an annual growth rate of 15%, offering consumers with easy access to a diverse range of whiskies. Furthermore, regulatory support for responsible drinking, coupled with well -structureddistribution channels, enhances market growth. Singapore is also home to over 200 bars specializing in whisky, attracting thousands of attendees to its festivals each year. Japan Japan has a rich whisky heritage and is renowned for producing some of the world’s finest whiskies, with a market size valued at around US$4.3 billion in 2024. Japanese consumers have a profound appreciation for quality and craftsmanship, driving strong demand for both domestic and imported whiskies. The market is experiencing a renaissance, characterized by the emergence of innovative distilleries and the expansion of offerings from traditional brands. Exports have surged by over 200% in the past decade, establishing Japanese whisky as one of the country’s most sought -afterproducts on the international stage. Domestic consumption is also on the rise, particularly among younger drinkers, with single malts gaining significant popularity. Approximately 25% of Japanese consumers express interest in trying new whiskies, prompting distilleries to innovate. However, the industry faces challenges such as fluctuating production costs and the need for sustainable sourcing practices, which pose potential risks, particularly as demand for high -qualityingredients continues to grow. India India’s whisky market is among the largest globally, with a projected market size of approximately US$3.8 billion in 2024. This growth is fueled by a robust domestic production base and a growing preference for premium and imported brands among urban consumers,