Premium-and-Above Spirits Predicted to Eclipse Low-Priced Spirit Sales

Dear Client:We previously reported the premium-and-above ($20+) Champagne and spirits category has nearly tripled in value over the last ten years worldwide. Looking forward, it is also predicted to be the fastest-growing of all the pricing segments over the next five years, according to IWSR forecasts. Ultra-premium, super-premium and prestige segments are forecasted to outpace standard, value and low priced products as well. The US is the largest market for premium-and-above spirits and is forecasted to be the largest growing