Market Report

Ardent Spirits Market Overview 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. Ardent Spirits consist of gin, vodka, tequila , rum and whiskey along with others are considered in alcoholic drinks. Each product type has different distillation and fermentation process, and each of them contains a specific alcohol content that differs from the others. The demand of the ardent spirits industry is set to grow due to the rising demand for premium drinks from the millennial generation, and also due to the opening of various distilleries serving various craft drinks, thus curating a new taste amongst the population....