Alcoholic Beverage Projected for Steady Growth: Valued at USD 1.41 Trillion in 2022, Expected to Reach USD 1.81 Trillion by 2030 with a CAGR of 3.16%
The Alcoholic Beverage Market Growth is on an upward trajectory, valued at USD 1.41 trillion in 2022 and projected to reach USD 1.81 trillion by 2030. This growth represents a compound annual growth rate (CAGR) of 3.16% during the...
SWOT Analysis
Strength: Distilled spirits have wide acceptability and are popularly consumed during social occasions and festivities. This gives them an established position.Weakness: Increased health awareness and social ills related to excessive drinking are forcing some consumers to switch to low-alcohol or alcohol-free beverages. Opportunity: Emerging markets like Asia Pacific present vast...
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