Introduction
The global spirits market is experiencing a significant shift in consumer preferences, driven by increasing demand for premium and sustainable products. The trend is expected to continue, with consumers becoming more discerning about the origin, production methods, and environmental impact of the spirits they purchase.
Market Trends
According to recent data, the global spirits market is projected to grow at a CAGR of 4.5% from 2023 to 2028. The market is driven by the increasing popularity of premium spirits, with consumers willing to pay more for high-quality products. The trend is particularly evident in the whiskey and gin markets, with consumers seeking out unique and craft products.
Consumer Insights
Consumers are becoming more educated about the spirits they purchase, with a growing interest in the origin, production methods, and sustainability of the products. The trend is driven by the increasing awareness of environmental issues and the desire to support small, craft producers.
Interested in the full story?
