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May 30, 2022 View:

IWSR 2020 spirits to grow 32.7%

International Wine & Spirits Data Analytics (IWSR) has released the Low and Non-Alcoholic Beverage Strategy Study 2021, which reports that the low and non-alcoholic beverage category maintained positive growth in 2020, with a growth rate of approximately 1%, and is expected to grow at a CAGR of 7%-8% between 2020 and 2024. Spirits sales, on the other hand, grew by 32.7% in 2020 and are expected to grow at a CAGR of 14% from 2020-2024.

Although everyone"s health consciousness is getting stronger, prompting the continuous development of low-alcohol, non-alcoholic categories, but drinking if not drink with degrees, also lost the pleasure of drinking, so still can not resist the growth of high-alcohol spirits ah!