Liqueurs Market - Forecast(2021 - 2026)
Liqueurs Market Overview: According to Global Status Report on Alcohol and Health 2018, published by World Health Organization, pure alcohol consumption per year averages around 6.4 liters per person, if the population above 15 years of age is taken into account. This statistic is reflective of the demand for alcohol in the world that has remained virtually constant without facing any noticeable downsides. Liqueur is an alcoholic drink that is normally sweet as opposed to its bitter and pungent counterpart: liquor. It is made out of fruits, flowers, seeds, and herbs. A typical bottle of liqueur may contain added sugar and the alcoholic content ranges between 15%--55%. The global demand for liqueur will help the already existing high market revenue to grow at a compound annual growth rate (CAGR) of 1.80% during the forecast period 2019-2025, a noticeable growth over its 2018 market size, which stood at $86 billion. Request Sample Based on category, the market can be divided into coffee