Spirits (Distilleries) Market Trends, Market Share, Industry Size, Opportunities

Posted by ramtbrc on November 9th, 2020

The Business Research Company’s latest report Spirits (Distilleries) Global Market Report 2020 covers Spirits (Distilleries) market drivers, Spirits (Distilleries) market trends, Spirits (Distilleries) market segments, Spirits (Distilleries) market growth rate, Spirits (Distilleries) market major players, and Spirits (Distilleries) market size. The report provides in-depth analysis of the impact of COVID-19 on the Spirits (Distilleries) industry, along with revised market numbers due to the effects of the coronavirus.

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Spirits (Distilleries) Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

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The global distilleries market is expected to grow from 2 billion in 2019 to 9 billion in 2020 at a compound annual growth rate (CAGR) of 5%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 10% from 2021 and reach 5.3 billion in 2023.

The report covers the Spirits market’s segments-

1) By Type: Whiskey, Vodka, Rum, Tequila, Gin, Others - Spirits (Distilleries)

2) By Distribution Channel: Off-Trade Channels, On-Trade Channels

3) By Category: Mass, Premium.

Subsegments covered: Single Malt, Others - Whiskey, Polish Vodka, Russian Vodka, Swedish Vodka, Craft Vodka, Others - Vodka, White Rum, Black Rum, Blanco, Joven, Mixto Gold, Reposado, Anejo, Others - Tequila, 36%-40% ABV Gin, 40%-45% ABV Gin, 45%-50% ABV Gin.

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The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.  

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