Forecasting the Spirited Future: A Decade of Growth in the Global Spirits Market (2023-2033)
The number of spirits market is anticipated to increase globally from around US$ 59.4 billion in 2023 to approximately US$ 90.3 billion by 2033, mostly as a result of the expanding market potential and the influence of Western culture.
The value of the worldwide spirits market is expected to reach US$ 90,288.9 million by 2033 at a compound annual growth rate (CAGR) of 4%, from an estimated value of US$ 59,408 million in 2023. The main factor fueling this surge is the rise in alcohol consumption, especially among young people who
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