Ardent Spirits Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026
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• The Ardent spirit market is projected to grow at a CAGR of 6.1% during the forecast period 2021-2026, and is poised to contribute a market value equivalent of $25 Billion by 2026. Ardent spirits are a category of ethyl alcohol that are fermented from vegetables and fruits and go through several rounds of distillations. After the entire process of distillation, each product type is aged according to the standard and requirement. Ardent Spirits consist of gin, vodka, tequila, rum and whiskey along with others are considered in alcoholic drinks. Each product type has different distillation and fermentation process, and each of them contains a specific alcohol content that differs from the others. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Key Takeaways • In the year 2020, North America owed the maximum share in the market of ardent spirits, owing to a surge in demand in the beverages industry and also due to a surge in the sale of mezcal products, that are a type of spirit closely related to tequila. • Increasing preferences of the millennial generation for fair trade products and the premiumization of premium drinks would drive the Asia-Pacific region revenues in the projected period. • An in-depth SWOT Analysis, i.e., Strength, Weakness, Opportunities and Threats would be provided in the market report of Ardent Spirits Market.
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By Distribution Channel- Segment Analysis By product type, the ardent spirit market is bifurcated into gin, whiskey, rum, brandy, tequila, and vodka. Amongst the following, Vodka dominated the ardent spirit industry in the year 2020. The associated reason for such demand is owing to multiple factors, firstly, Vodka offers various flavors and varieties like citrus, orange, green apple, coconut and various others which appeal to the younger adults. Another reason for the surge in recent years is attributed to the premiumization of vodka by the millennials, making it a popular choice in cocktails and other drinks. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Ardent Spirits Market Industry Outlook
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Diageo Pernod Ricard Tito’s Handmade Vodka HITEJINRO CO., LTD Brown Forman Corporation Bacardi Limited Tanduay Distillers, Inc.
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Ardent Spirits Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026 Learn More About the Report
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