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Flavored Spirits Market is Projected to Reach USD 48.45 Billion by 2030: Cognitive Market Research

Flavored Spirits Market is Projected to Reach USD 48.45 Billion by 2030: Cognitive Market Research

Flavored Spirits Market is Projected to Reach USD 48.45 Billion by 2030: Cognitive Market Research

Market Overview:
What are Flavored Spirits?
Flavored Spirits are alcoholic beverages that have been infused or flavored with additional ingredients such as fruits, herbs, spices, or other flavorings. These added flavors can enhance the taste of the original spirit or create a completely new flavor profile. Examples of flavored spirits include flavored vodka, such as raspberry or vanilla vodka, and flavored whiskey, such as honey or cinnamon whiskey. Flavored tequila, gin, and rum are also popular. Flavored spirits can be enjoyed on their own or used as a base for cocktails. They have become increasingly popular in recent years, as consumers look for more variety and unique flavors in their alcoholic beverages.

Summary:
As per the study of CMR, the Global Flavored Spirits Market was valued at USD 17.43 Billion in 2022 and will reach USD 48.45 Billion by 2030 and is expected to grow at a CAGR of 13.8% during the forecast period (2023-2030).

To know more about The Flavored Spirits Market statistics click here: https://www.cognitivemarketresearch.com/flavored-spirit-market-report

Market Dynamics:
What are the driving factors for the Flavored Spirits Market?
The key drivers for the global flavoured spirits market include rising demand for premium flavoured spirits, particularly among young people, changing lifestyles, and novel product advancements by producers.
Additionally, boosting research and development spending in the food processing sector may open up profitable business opportunities for the world market for flavoured spirits. Government policies governing the high development of alcohol, however, may limit market expansion.

Flavored Spirits Market Segmentation:
Form:
• Rum
• Tequila
• Whiskey
• Vodka
• Gin
• Others

Flavors:
• Fruits
• Nuts & Seeds
• Herbs & Spices
• Others

Distribution channel:
• Specialty Retailers
• E-Commerce
• Supermarket/Hypermarket
• Convenience Stores
• Others

Competitive Analysis of the Flavored Spirits Market: Constellation Brands Inc., Davide Campari Milano S.p.A., Lapostolle SA, Diageo plc, The Brown Forman Corporation, Pernod Ricard, Mast Jägermeister SE

Get free sample pages of the latest published Flavored Spirits Market Report: https://www.cognitivemarketresearch.com/flavored-spirit-market-report#request_sample

Flavored Spirits Market Regional Analysis:
According to the CMR analysis, the APAC area is leading the flavored spirits industry due to rising alcohol consumption, a younger population, and high demand for craft beers that have been Westernized. A movement in customer tastes away from traditional alcohol and towards imported alcohol has been one of the causes propelling the region's alcoholic beverage market growth. Wines from renowned gr-ape regions like Bordeaux are preferred by consumers in nations like China because of their illustrious legacy and prestige.

Flavored Spirits Market News:
Radico Khaitan launched a flavored rum variant (September 2022)
Alcohol business Radico Khaitan has introduced its first flavor-infused rum under the "1965 Spirit of Victory" brand in an effort to expand its presence in the rum and white spirits markets.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Flavored Spirit Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Flavored Spirit Market Segmentation
1.5.1 Flavored Spirit Market Regional Fragmentation
1.5.1 Flavored Spirit Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Flavored Spirit Market
• 3.1 Global Flavored Spirit Market Size 2018 - 2030, (USD Million)
• 3.2 Global Flavored Spirit Value, Absolute & Opportunity Analysis
• 3.3 Global Flavored Spirit Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Flavored Spirit Market Statistics 2022: Snapshot
Chapter 4 Global Flavored Spirit Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Flavored Spirit Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Flavored Spirit Market by Flavors Segmentation Analysis (2018-2030)
Chapter 11 Global Flavored Spirit Market by Distribution channel Segmentation Analysis (2018-2030)
Chapter 12 Global Flavored Spirit Market Regional Analysis
Chapter 13 North America Flavored Spirit Market Outlook (2018 - 2030)
Chapter 14 Europe Flavored Spirit Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Flavored Spirit Market Outlook (2018 - 2030)
Chapter 16 Latin America Flavored Spirit Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Flavored Spirit Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)

To know more about The Flavored Spirits Market TOC click here: https://www.cognitivemarketresearch.com/flavored-spirit-market-report#table_of_contents

Related Report:
• Carbonated Beverages Market- https://www.cognitivemarketresearch.com/carbonated-beverages-market-report
• Flavored Cigar Market- https://www.cognitivemarketresearch.com/flavored-cigar-market-report
• Dairy Alternative Beverages Market- https://www.cognitivemarketresearch.com/dairy-alternative-beverages-market-report
• Alcoholic and Non Alcoholic Beer Market- https://www.cognitivemarketresearch.com/alcoholic-and-non-alcoholic-beer-market-report

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us

About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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