Leading Spirits Country Markets Databank
The Spirits market was valued at $231,800.0 Million in 2020, and is projected to reach $298,179.3 Million by 2029 growing at a CAGR of 2.88% from 2021 to 2029. North America is expected to be the highest contributor to this market, with $85,070.6 Million in 2020, and is anticipated to reach $104,528.2 Million by 2029, registering a CAGR of 2.35%. Asia-Pacific is anticipated to reach $72,135.0 Million by 2029 with the highest CAGR of 3.76%. North America and Europe collectively expected to account for about 67.0% share of the Spirits market in 2020, with the former constituting around 36.7% share. Asia-Pacific and North America are expected to witness significant growth rates at a CAGR of 3.76% and 2.35% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 59.1% in the overall Spirits market in 2020, and is anticipated to reach 59.2% by 2029.
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