(Food-Beverage-News.Com, November 27, 2017 ) The definition of Ardent Spirits are those liquors which are obtained after repeated distillations from fermented vegetables. They are flammable liquids and can fuel a fire and that is the source of the name.
Ardent Spirits have high alcohol content and are made by distillation. Common examples of ardent spirits include whiskey, brandy and gin. Most governments also get a reliable source of income in the form of taxation on ardent spirits. The tax rates are high in order to discourage people from consuming alcoholic drinks over ambitiously.
The major factors affecting the Ardent Spirits market is the increasing consumer demand for alcoholic beverages. The major demand for the same comes from hotels, bars and even convenience stores selling alcoholic drinks. As for the restraints of the market, the high degree of taxation on alcoholic products and their high costs in general and major turnoffs for the market. Also the dangers posed by improper preparation also hamper the market growth.
The North America Ardent Spirits market is broadly classified by Applications into Supermarket, Monopoly Stores and Online Sales and on the basis of Type into Gin, Whisky, Brandy, Vodka, Rum, Tequilla, Baijiu and Sake. Based on geography, the North America market is analysed under USA and Canada. The North American market has the largest market share globally inspite of the having a low growth rate in recent years. This is expected as the scope for development in the region is quite low and the entrant of new players into the market is not encouraged by the presence of major market players native to the region.
The Ardent Spirits market is highly competitive with a large number of players. Key market players dominating the market with their products are Diageo, LVMH, Brown Forman, Absolut, Bacardi Limited, Perood Ricard, The Patron Spirit Company, Beam Suntory and Mast gagermeister.
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