The demand for distilled spirits in the alcoholic beverages industry is relatively high, owing to shift toward high-grade spirit variants. The consumption of hybrid, mixed, and flavored spirits is expected to increase in the near future, due to the consumer demand shift from beer. The global alcoholic beverages market was valued at $1,439 billion in 2017, and …
Tag Archives: Alcoholic Beverages Market Demand
Alcoholic Beverages Industry is Expected to Grow with High Probability Business Opportunity by 2025
According to a new report published by Allied Market Research titled, Alcoholic Beverages Market, the alcoholic beverages market was valued at $1,438 billion in 2017, and is projected to reach $1,684 billion by 2025, growing at a CAGR of 2.0% from 2018 to 2025. In 2017, Asia-Pacific dominates the alcoholic beverages market in both volume and …