Flavored Spirits Market Share, Growth, Statistics, COVID-19 Impact, and Forecasts
Market Highlight Market Research Future (MRFR) studied the global Flavored Spirits Market 2020 along the review period till 2026. MRFR study states that the Flavored Spirits Market Share is anticipated to surge at 4.28% CAGR during the forecast period (from 2018 to 2026). By 2026, the Flavored Spirits Market value can touch USD 32,768.7 Mn. The expansion of the global Flavored Spirits Market can be credited to product innovation, expansion of foodservice industry, and increase in number of organized retail center. The change in consumer preference is contributing to the introduction of new flavors by marketers that can support the global flavored spirit market as they can create new investment scopes. The adoption of cost-effective and beneficial growth strategies can add impetus to the market upsurge. However, increase in demand for non-alcoholic beverages among people can hinder the market growth in the years to come. Hike in annual income, westernization, and expansion of consumer...