PUBLISHER: MarketLine | PRODUCT CODE: 1590378
PUBLISHER: MarketLine | PRODUCT CODE: 1590378
Global Spirits industry profile provides top-line qualitative and quantitative summary information including: market share, Market size (value and volume , and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Market.
The spirits market consists of the sale of brandy, gin & genever, liqueurs, rum, specialty spirits, tequila & mezcal, vodka and whiskey. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 exchange rates.
The global Spirits market had total revenues of $811,261.0 million in 2023, representing a compound annual growth rate (CAGR) of 3.2% between 2018 and 2023.
Market consumption volume increased with a CAGR of 2.5% between 2018 and 2023, to reach a total of 38,108 million liters in 2023.
The performance of the market is forecast to accelerate, with an anticipated CAGR of 10.1% for the five-year period 2023-28, which is expected to drive the market to a value of $1,310,592.9 million by the end of 2028.