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According to Future Market Insights (FMI), the global spirits market reached an estimated value of US$ 59,408 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of approximately 4% through the forecast period. By 2033, FMI anticipates the market to achieve a significant milestone, reaching a total sales value of approximately US$ 90,288.9 million. This growth trajectory underscores the increasing demand for spirits globally, driven largely by expanding consumer bases and heightened consumption, particularly among younger demographics influenced by Western cultural
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