Alcoholic Spirits Market, Global Outlook and Forecast 2025-2032
MARKET INSIGHTS Download FREE Sample of this Report @ https://www.statsmarketresearch.com/download-free-sample/8057023/global-alcoholic-spirits-forecast-market Global alcoholic spirits market was valued at USD 449.35 billion in 2024 and is projected to reach USD 596.15 billion by 2032, growing at a CAGR of 4.2% during the forecast period. The market expansion is driven by rising premiumization trends, increasing disposable incomes, and growing cocktail culture worldwide. Alcoholic spirits, commonly referred to as hard liquor, are distilled beverages produced through fermentation of grains, fruits, or other sugar sources followed by distillation. This process involves heating fermented alcohol to separate and concentrate the ethanol content, resulting in spirits with typically 35-60% alcohol by volume (ABV). Major spirit categories include whiskey, vodka, rum, tequila, gin, brandy, and specialty products like Chinese baijiu, each with distinct production methods and flavor profile...