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Spirits revenue is US$ 537.10 billion in 2023 and the market is expected to grow at a CAGR of 5.97% per annum (CAGR 2023-2025). In global comparison, most of the revenue is generated in China (US$ 164,400.00 million in 2023). 

By 2025, 29% of spending and 8% of consumption by volume will be attributable to out-of-home consumption (such as in bars and restaurants). In addition, volume is expected to reach 37,676.5ML by 2025, with volume growth of 1.3% in 2024.

The global spirits market has been driven primarily by premiumization as volume demand has been declining in developed markets.

Source: Statista