Global Spirits Market Value Expected To Reach $208.84 Billion By 2025

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The global spirits market is expected to grow from $143.31 billion in 2020 to $150.87 billion in 2021 at a compound annual growth rate (CAGR) of 5.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $208.84 billion in 2025 at a CAGR of 8%.

The Business Research Company offers " Spirits Global Market Report 2021" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trend s and strategies that players in the market can adopt.

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The spirits market consists of sales of potable liquors, ethyl alcohol, grain alcohol and spirits by entities (organizations, sole traders and partnerships) that distil and blend liquors. The companies in the distilleries industry process raw materials into potable liquors, ethyl alcohol, grain alcohol and spirits, package and distribute them through various distribution channels to both individual customers and commercial establishments. The spirits market is segmented into whiskey; vodka; rum; tequila; gin and other spirits.

Some of the key players involved in the Spirits Market are United Spirits Ltd (A Diageo Company); United Breweries Ltd (UB); Radico Khaitan Ltd; Globus Spirits Ltd; GM Breweries Ltd.

The countries covered in the global Spirits Market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.

The regions covered in the global Spirits Market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The global spirits market is segmented -
1) By Type: Whiskey, Vodka, Rum, Tequila, Gin, Other Spirits
2) By Distribution Channel: Off-Trade Channels, On-Trade Channels
3) By Category: Mass, Premium

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Few Points From Table Of Content
1.Executive Summary
2.Report Structure
3.Spirits Market Characteristics
4.Spirits Market Product Analysis
5.Spirits Market Supply Chain
......
22.Key Mergers And Acquisitions In The Spirits Market
23.Market Background: Alcoholic - Beverages Market
24.Recommendations
25.Appendix
26.Copyright And Disclaimer

The report covers the trends and market dynamics of the Spirits Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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