Grain Neutral Spirits Market: Rise in Demand for High Purity Alcohols to Drive Growth
The global alcohol consumption has been increasing continuously, especially in developed regions of North America and Europe. Though the consumption share of beer is higher, the wine and spirit segment has been witnessing faster growth in terms of consumption. The revenue sales of spirits in the global stage increased by 43% over a five-year timeline, i.e. between 2007 and 2011. Owing to changing trend of consumption of spirits, a rise in demand for high purity alcohols, especially from the manufacturers'...
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