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Distilled Spirits Market

The global distilled spirits market is estimated to grow at a CAGR of 3.3% during the forecast period. The global distilled spirits industry valued at $384.2 billion in 2018 and is estimated to reach $478.4 billion in 2025. There has been a gradual shift of consumersu2019 preference from beer and wine to spirits; as well as from illicit alcohol across Africa, which is a long-term trend. By volume, spirits are 53% of total alcoholic beverages, up from 48% in 2009.

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Distilled Spirits Market

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  1. The global distilled spirits market is estimated to grow at a CAGR of 3.3% during the forecast period. The global distilled spirits industry valued at $384.2 billion in 2018 and is estimated to reach $478.4 billion in 2025. There has been a gradual shift of consumers’ preference from beer and wine to spirits; as well as from illicit alcohol across Africa, which is a long-term trend. By volume, spirits are 53% of total alcoholic beverages, up from 48% in 2009. For instance, gin is a category benefiting from switching, starting in Europe and now accelerating in markets such as Australia, South Africa, and Brazil. In Brazil, consumer spend on the gin category has grown over 100% a year in the last five years. Due to this, the company has driven growth through the Tanqueray brand. (Get 15% Discount on Buying this Report) Get Report Sample Copy @https://www.omrglobal.com/request-sample/distilled-spirits- market The adoption of distilled spirits is being significantly driven by the rising purchasing power of consumers and increasing demand for beverages with natural flavors. The spirits sector is led by millennials and the young-age population who demand innovative and higher-end products. Therefore, the companies are adding natural flavors to improve the quality of the flavor of alcoholic drinks. Currently, there is a wide range of flavors available for use in spirits, beer, cider, and wine. Distilled spirits are flavored utilizing herbs, fruits, chocolates, botanicals and spices, to offer special taste in their alcoholic beverages and meet customers’ requirement. The increasing availability of distilled spirits with innovative natural flavors is leading to a significant range of options for consumers that allows consumers to opt for the alcoholic beverage of their choice. A Full Report of Global IoT Sensors Market is Available at: https://www.omrglobal.com/industry-reports/distilled-spirits-market Market Segmentation Global Distilled Spirits Market by Type Whiskey Vodka Rum

  2. Gin Tequila Brandy Others Global Distilled Spirits Market by Distribution Channel Online Offline Regional Analysis North America US Canada Europe UK Germany Spain Italy France Rest of Europe Asia-Pacific China Japan India Rest of Asia-Pacific Rest of the world Company Profiles

  3. Anheuser-Busch InBev Asahi Group Holdings, Ltd. Bundaberg Brewed Drinks Pvt. Ltd. Carlsberg Breweries A/S Constellation Brands Inc. DGB (Pty) Ltd. Diageo PLC Halewood International, Ltd. Heineken Holding N.V. Reasons to Buying From us – 1. We cover more than 15 major industries, further segmented into more than 90 sectors. 2. More than 120 countries are for analysis. 3. Over 100+ paid data sources mined for investigation. 4. Our expert research analysts answer all your questions before and after purchasing your report. For https://www.omrglobal.com/report-customization/distilled-spirits-market More Customized Data, Request for Report Customization @ About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: anurag@omrglobal.com Contact no: +91 780-304-0404

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