Distilled Spirits Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2024 to 2031)
Distilled spirits market is estimated to grow at a CAGR of 3.3% during the forecast period. The global distilled spirits industry valued at $384.2 billion in 2018 and is estimated to reach $478.4 billion in 2025. There has been a gradual shift of consumers’ preference from beer and wine to spirits; as well as from illicit alcohol across Africa, which is a long-term trend. By volume,...
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