Leading White Spirits Product Markets Databank
The White Spirits market was valued at $51,910.0 Million in 2020, and is projected to reach $90,702.7 Million by 2029 growing at a CAGR of 6.45% from 2021 to 2029. Vodka segment is expected to be the highest contributor to this market, with $31,913.5 Million in 2020, and is anticipated to reach $55,985.7 Million by 2029, registering a CAGR of 6.50%. Rum segment is anticipated to reach $6,947.5 Million by 2029 with the highest CAGR of 6.57%. Vodka and Gin segments collectively expected to account for about 77.1% share of the White Spirits market in 2020, with the former constituting around 61.5% share. Rum and Gin segments are expected to witness significant growth rates at a CAGR of 6.57% and 6.52% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 23.2% in the overall White Spirits market in 2020, and is anticipated to reach 23.4% by 2029.
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