Report: Spirits market trends analysis & forecast to 2020
on 05/05/15 at 8:58 amIndustry
Spirit, also known as distilled beverage, is an alcoholic beverage manufactured by distillation (process of separating component substances from a liquid mixture by using process of vaporization and condensation) of a mixture produced from alcoholic fermentation.
Distillation process is used to purify the mixture and to remove diluting components like water from the mixture for the purpose of increasing its proportion of alcohol content (alcohol by volume (ABV)).
Spirit is known by different name in different region such as hard liquor and liquor in general. North Americans use the term hard liquor to distinguish distilled beverage from non-distilled one.
Distilled beverages having more than 10% alcoholic content falls under spirit category. Beer, wine and cider are not considered as spirit as alcoholic content in these products is less than 10%.
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Global spirit market is bifurcated in various alcoholic products which includes vodka, gin, tequila, rum, whisky, brandy, cane, natural spirits and flavored spirits. Vodka leads the global spirit market followed by whisky.