Ardent Spirit Market Size to Grow at a CAGR of 6.1% During the Forecast Period 2021-2026

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Ardent Spirits Market - Forecast 2021 - 2026
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• The Ardent spirit market is projected to grow at
  a CAGR of 6.1 during the forecast period
  2021-2026, and is poised to contribute a market
  value equivalent of 25 Billion by 2026. 
• Ardent spirits are a category of ethyl alcohol
  that are fermented from vegetables and fruits and
  go through several rounds of distillations. After
  the entire process of distillation, each product
  type is aged according to the standard and
  requirement.

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• Key Takeaways
• In the year 2020, North America owed the maximum
  share in the market of ardent spirits, owing to a
  surge in demand in the beverages industry and
  also due to a surge in the sale of mezcal
  products, that are a type of spirit closely
  related to tequila.
• Increasing preferences of the millennial
  generation for fair trade products and the
  premiumization of premium drinks would drive the
  Asia-Pacific region revenues in the projected
  period.

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By Distribution Channel- Segment Analysis By
product type, the ardent spirit market is
bifurcated into gin, whiskey, rum, brandy,
tequila, and vodka. Amongst the following, Vodka
dominated the ardent spirit industry in the year
2020. The associated reason for such demand is
owing to multiple factors, firstly, Vodka offers
various flavors and varieties like citrus,
orange, green apple, coconut and various others
which appeal to the younger adults. Another
reason for the surge in recent years is
attributed to the premiumization of vodka by the
millennials, making it a popular choice in
cocktails and other drinks.
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• Ardent Spirits Market Industry Outlook 
• Diageo, Pernod Ricard
• Titos Handmade Vodka
• HITEJINRO CO., LTD
• Brown Forman Corporation
• Bacardi Limited
• Tanduay Distillers, Inc.

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Ardent Spirits Market - Forecast 2021 -
2026 Learn More About the Report _at_
https//www.industryarc.com/Report/17829/ardent-sp
irits-market.html
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