Distilled Spirits Market - Demand From The Millennial Population And A Flourishing Tourism Sector

The history of distilled spirits dates back to the middle Ages. After Columbus brought sugarcane to the Caribbean, local plantations began distilling large quantities of rum. Ships from Colonial America also visited the Caribbean region, where the slave trade grew. By the 1660s, a rum-producing industry was established in New England. However, it is believed that British soldiers first encountered gin in Holland during the 1580s. There are seven main types of distilled spirits. Each has a distinct taste and distillation process. Learning about each type of liquor will make it easier to mix the perfect cocktail. While all types of alcohol contain alcohol, not all are spirits. Some are more common than others, and have different uses. For instance, tequila is made from a single grain, while rum is distilled from sugar cane juice.

The progressive increase in the global distilled spirits market is predicted to be fueled by rising disposable income, expanding acceptability of alcoholic drinks in social circles, and a shift in consumer taste for premium types of spirits. The growing desire for imported beer among the millennial demographic is projected to boost the global distilled spirits market.

Key companies contributing to the global distilled spirits market include Brown-Forman Corporation, Constellation Brands Inc., Pernod-Ricard SA, Diageo plc, Berentzen-Gruppe AG, Lapostolle SA, Marie Brizard Wine & Spirits, and Remy Cointreau SA.