Flavored Spirits Market Size: Industry Analysis and Opportunity and Forecast to 2027
Market Highlights Global Flavored Spirits Market Size is projected to be valued at USD 32,768.7 Million by 2026, expanding at a CAGR of 4.28% during the forecast period . Flavored spirits are distilled alcoholic beverages to which a specific flavor profile has been infused or added. Spirits infused with artificial or natural flavors are referred to as flavored spirits. The growth of the global Flavored Spirits Market Size is driven by product innovation, the growth of the foodservice industry, and the growth of the organized retail sector. Players operating in the global Flavored Spirits Market Size are expected to witness lucrative opportunities owing to the adoption of various growth strategies. However, surging demand for non-alcoholic beverages is restricting market growth. Europe constituted a dominant share of the flavored spirits industry in 2019, owing to the highest consumption of alcoholic beverages across the globe. According to the World Health Organization, the E