Alcoholic Spirits Market to Hit USD1.8 Trillion by 2031 as Premiumization and Craft Boom Reshape Industry

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Postado 2025-04-17 13:53:13
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[Hyderabad, April 17th, 2025] – The global alcoholic spirits market, valued at USD 1.2 trillion in 2023, is projected to grow at a rate of 5.2%, reaching USD 1.8 trillion by 2031, according to ClearView Market Insights. Rising disposable incomes, premiumization trends, and innovations in ready-to-drink (RTD) products are driving this expansion.

Request Sample @ https://clearviewmarketinsights.com/report-details/global-alcoholic-spirits-market/

2024 Industry Milestones

  1. Premiumisation Wave
    • Sales of ultra-premium spirits increase by 25%, primarily driven by Japanese whisky and Scotch.
    • Diageo’s luxury portfolio grows by 40% annually.
  2. Sustainability Revolution
    • Bacardi plans to launch 100% biodegradable bottles by 2025.
    • Thirty percent of consumers now prefer eco-friendly brands.
  3. E-Commerce Boom
    • Online alcohol sales jump 30% post-pandemic.

Regional Leaders

  • North America (XX% share): Craft spirit capital.
  • Europe (XX%): Whisky and gin dominance.
  • Asia-Pacific (25%): India and China drive growth.

Executive Insights
“The spirits industry isn’t just selling drinks—it’s selling experiences.”
– Ivan Menezes, Former CEO, Diageo

Roadmap to 2031

  • 2025: RTD sector to surpass USD 50 Bn.
  • 2027: Asia-Pacific to overtake Europe in whisky consumption.
  • By 2030, sustainable packaging will become the industry standard.

For more insights, visit https://clearviewmarketinsights.com/report-store

About ClearView Market Insights

ClearView Market Insights specializes in food and beverage sector intelligence, covering over 150 alcohol market segments.

Media contact:

Bhavani K
Marketing and Sales Head
ClearView Market Insights
Mail: sales@clearviewmarketinsights.com
Phone: +1 917-993-7369

 

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