Press release
Spirits Market: Competitive Dynamics & Global Outlook 2023
Spirits are alcoholic beverages produced by distillation of a mixture produced from alcoholic fermentation. This process purifies it and removes diluting components like water, for the purpose of increasing its proportion of alcohol content.
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Global Spirits Market: Forecast by Type / Application / Region
Spirits has many types, which include brandy, tequila, baijiu, rum, vodka, whisky and others. As spirits is popular beverage, the downstream application industries will need more spirits products. So, spirits has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce fashionable and good taste spirits through improving technology.
The major raw materials for spirits are grain and packaging materials. Fluctuations in the price of the upstream product will impact on the production cost of spirits. The production cost of spirits is also an important factor which could impact the price of spirits. The spirits manufacturers are trying to reduce production cost by developing production method.
Over the next five years, LPI(LP Information) projects that Spirits will register a 0.4% CAGR in terms of revenue, reach US$ 235300 million by 2023, from US$ 231200 million in 2017.
Global Spirits Market: Key Players
Diageo
Pernod Ricard
Brown Forman
Bacardi Limited
LVMH
Beam Suntory
William Grant & Sons
Remy Cointreau
The Edrington Group
Kweichow Moutai Group
Wuliangye
Yanghe Brewery
Daohuaxiang
Luzhou Laojiao
Jose Cuervo
Patrón
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Related Information:
United States Spirits Market Research Report 2018
Europe Spirits Market Research Report 2018
North America Spirits Market Research Report 2018
Asia-Pacific Spirits Market Research Report 2018
China Spirits Market Research Report 2018
EMEA Spirits Market Research Report 2018
Global Spirits Market Research Report 2018
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