The Global Spirits Market Report by The Business Research Company covers spirits market drivers and restraints, spirits market size, major players, and the impact of COVID-19 on the spirits market.

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.

Spirits manufacturers are now offering ready-to-mix hybrid beverages to cater to changing consumer tastes and preferences.

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%.

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Some spirits market trends include spirits manufacturers offering ready-to-mix hybrid beverages to cater to changing consumer tastes and preferences. Hybrid beverages are a blend of alcoholic drinks from multiple beverage categories. They are prepared by using unique flavor combinations, ingredients and production methods from multiple drinks.

Global spirits market segments include:

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.

Subsegments Covered: Single Malt, Other Whiskey.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global spirits market share.

Read More On The Spirits Global Market Report 2021: COVID-19 Impact and Recovery to 2030 At:

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The Spirits Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides spirits market overviews, analyzes and forecasts market size, share, spirits market players, spirits market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The spirits market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Spirits Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.

Market Players Covered: United Spirits Ltd (A Diageo Company), United Breweries Ltd (UB), Radico Khaitan Ltd, Globus Spirits Ltd, GM Breweries Ltd.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Spirits Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Spirits Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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