Forecast: Spirits Market Size Value in Spain

The spirits market in Spain has experienced various fluctuations over the past decade. From a value of €1.7914 billion in 2013, it declined to €1.6586 billion in 2014, saw a mild oscillation until 2016, followed by another fall in 2017. It reached €1.745 billion in 2018, struggled slightly in subsequent years, and was significantly impacted by the pandemic, dropping to €1.4226 billion in 2020. Recovery began in 2021 with a rise to €1.6175 billion, and by 2023, it stood at €1.6804 billion. Forecasts from 2024 to 2028 project a steady decline, with an anticipated average annual decrease of -0.54%, reflecting an overall reduction of -2.66% over five years.

Future trends to watch for include the impact of changing consumer preferences towards premium and craft spirits, growing health consciousness affecting spirit consumption, and potential economic factors influencing disposable income and spending patterns. The market may also be affected by regulatory changes and trends towards sustainability and ecological packaging.

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