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RTD Spirit Market by Size | Growth | Analysis | Trends and Forecasts to 2019-2025
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Hard alcohol or hard liquor fortified with additional flavors is gaining acceptance globally. RTD spirits are nothing but the pre-mixed or prepared and packed form of flavored spirits for direct consumption. Flavored liquors majorly have a base of vodka, tequila Roman Polak Olympics Jersey , whiskey, rum, and others. Growing popularity of unique flavors in liquors is increasing the share of RTD spirits in the liquor market.
Europe has the dominant market share followed by North America. Developing economy has led to increase in disposable income due to which Europe is projected to generate a high revenue during the given forecast period. Changing consumer’s preferences amongst the alcoholic beverages will support the sale of RTD spirits in various regions during the forecast period. The major importers of flavored spirits include U.S. Jakub Nakladal Olympics Jersey , Spain, Germany, U.K Zbynek Michalek Olympics Jersey , and the Netherlands. Based on the higher demand for alcoholic beverages especially amongst the population of youth, the import and export of RTD spirits in the developed countries is found to rise at a steady growth rate.