Flavored Spirits Market to Experience an Impressive Growth by 2026

Market Overview

Alcoholic spirits are popularly consumed by the youth generations which is a major driver of the flavored spirits market. Changing lifestyle and adoption of the modern trends has influenced the high sale of flavored sprits in the alcoholic beverages market. Increase in disposable income is having a positive impact on this market. Rising demands for fortified and refreshing flavored alcoholic beverages is anticipated to further have a positive impact on this market across the globe.

Due to increasing preference for flavored spirits, the market is growing at incremental pace of development on the global stage. 

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Major Key Players

The key players profiled in Flavored Spirits Market Report are LAPOSTOLLE SA (Paris), Constellation Brands Inc. (U.S.), Davide Campari-Milano S.p.A. (Italy), Diageo plc (U.K.), The Brown-Forman Corporation (U.S.), Pernod Ricard (France), and Mast-Jägermeister SE (Germany) among many others.

Market Segments

The global flavored spirits market has been divided into type, flavor, distribution channel, and region.

On The Basis Of Type: Whiskey, Rum, Vodka, Tequila, Gin, and Others

On The Basis Of Flavor: Herbs & Spices, Fruits, Nuts & Seeds, and others

On The Basis Of Distribution Channel: Store-Based, and Non-Store Based

Regional Analysis

The global flavored spirits market is segmented into North America, Europe, Asia Pacific, and Rest of the World (ROW). Europe has the major market share followed by North America. Developing economy has led to increase in disposable income due to which Europe is projected to generate a high revenue during the given forecast period. The Major importers of flavored spirits include U.S., Spain, Germany, U.K. and Netherlands. Based on the higher demand for alcoholic beverages especially amongst the population of youth, the import and export of flavored spirits in the developed countries is found to rise at a steady growth rate.

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