Opportunities in the Global Spirits Sector Summary The global spirits sector was valued at $783.5 billion in 2021 and is forecast to post a CAGR of 6.5% during 2021-2026 to reach $1,073.0 billion in 2026. Asia-Pacific represented the largest region for the global spirits sector in 2021, with a value...
Opportunities in the Eastern Europe Spirits Sector Summary The global spirits sector was valued at $783,457.1 million in 2021 and is forecast to record a CAGR of 6.5% during 2021-2026, to reach $1,073,042.9 million in 2026. Eastern Europe was the fourth-largest region for spirits, valued at $63,446.8...
Opportunities in the Americas Spirits Sector Summary The global spirits sector was valued at $783,457.1 million in 2021 and is expected to record a CAGR of 6.5% during 2021-2026 to reach $1,073,042.9 million by 2026. The Americas was the second-largest market in the global spirits sector with value...
Opportunities in the Western European Spirits Sector Summary The Western Europe region accounted for a value share of 12.2% in the spirits sector in 2021. It is forecast to record a value CAGR growth of 6.4% during 2021-2026. The region posted a volume sales of 2,239.0 million liters in 2021. Whiskey...
Opportunities in the Asia-Pacific Spirits Sector Summary This report brings together multiple data sources to provide a comprehensive overview of the Asia-Pacific spirits sector. It includes market overview, high growth country analysis, top companies, key distribution channels, packaging formats...
Another round: Industry demand will likely be sustained by growing interest from younger consumers Abstract Distilleries in the US The Distilleries industry has experienced robust growth over the five years to 2018 due to favorable economic conditions, including an increase in consumer spending on alcohol....
Spirits consumption in the Dominican Republic is dominated by rum consumption; however, in 2021 the category was negatively impacted by the illegal use of empty bottles to sell counterfeit rum. Big efforts have been made to shut down the illegal market and to properly identify the product, but illegal sales of rum boomed during the first semester...
Spirits returned to volume growth in 2021, having experienced three consecutive years of decline including a sharp fall in sales in the previous year in the midst of the COVID-19 crisis. In 2020, total volume sales of spirits witnessed double-digit decline due largely to the fall in on-trade sales brought about by the closure of bars, restaurants...
With the government continuing to use movement restrictions in 2021 to control the spread of COVID-19, home consumption of spirits continued to grow in popularity as consumers looked for ways to entertain themselves while stuck at home. Aside from the restrictions, consumers also found it more affordable to drink spirits at home as off-trade...
Total volume sales of spirits witnessed a double-digit decline in total volume terms in 2020. This was largely due to the decline in on-trade sales brought about by the closure of bars, restaurants and other on-trade venues following the outbreak of COVID-19, with disruption to these outlets continuing through most of the year. In 2021, the...