Global spirit market to continue growing despite slowdowns

This comprehensive publication enables readers the critical perspectives to be able to evaluate the world market for spirits.

Global spirit market refers to a large variety of alcoholic drinks that are sold all over the world. Majority of these drinks are spirit based- namely whiskey, rum, gin, and vodka. However, wine also has a fair share of the market. The spirit industry is expected to reach a value of USD 306 billion by the year 2015. The spirit market has largely remained unaffected by the global wave of recession, and is expected to continue growing. There have been some slowdowns due to lowering of sales in the baiju markets, and slowdown in the sale of alcohol in Russia. In spite of all that, the global consumption of alcohol is expected to increase by 290 million cases by 2018.

This report, Global Spirit Market to 2018 - Market Size, Growth, and Forecasts in 60 Countries covers the present scenario and the growth prospects of the global spirit market for the period 2007-2018. Providing details as how big the market size will be in 2018, the report also extensively provides details into the key regions for growth, the diverse nature of  the market, and the different groups in which the products belong. The report also provides details on the challenges that the industry is facing at the moment.

Key regions for growth

The major regions that are set to experience growth in this industry is Europe, Asia-Pacific, North America and includes markets in countries like France, Germany, UK, Italy, China, the US, India and Australia. At present, Asia-Pacific is the biggest market, followed by North America. The market in Europe comes at a close third. Brazil is also one of the major markets, and is predicted to reach the largest per capita consumption of whiskey in the next few tears.

Recent trends in the market

The spirit market has shown signs of slowdown in the last two years. The sale of Vodka has gone down in Russia, and this is counted as one of the major factors in the global market slowdown. Also, the baiju market, which is one of the biggest markets, have failed to match the sales with the predicted estimates. The rising health consciousness among people has also played its part in this slowdown. Recent reports have shown that 18% of the global annual death count are some way or the other because of alcohol consumption. However, the slowdown does not mean that the market is no longer growing. Interest in branded liquor has reached a high point and newer markets are opening up further possibilities.

For further insights,

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