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Citrus Elixir Unleashed: Tracking the Surge in Citrus Alcohol Industry

According to current market research by FMI, the citrus alcohol market is anticipated to grow at a CAGR of 7.9%. The market is anticipated to reach US$ 1,272 million in 2023. The figures are projected to reach US$ 2,276.9 million by 2033.

Inflation-driven urbanisation has increased disposable income. As a result, customer behaviours have changed. Many people have started consuming more citrus alcohol due to its distinct flavour.

The fact that these are healthy is one of the main factors driving the market. In fact, because citrus alcohol helps maintain a healthy heart, doctors advise using it in moderation. Alcohol with a citrus flavour significantly lowers the risk of cancer. Sales of citrus alcohol are predicted to rise as a result of all these variables during the projected timeframe.

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Key Takeaways:

The market is expected to advance at a CAGR of 7.9% from 2023 to 2033.
In 2023, the valuation is expected to be at US$ 1,272 million.
By 2033, the market size is expected to breach the mark of US$ 2,276.9 million.
On the basis of regional analysis, North America is expected to be the largest market.
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Competitive Landscape

The key players operating in the market are investing millions of dollars in mergers and acquisitions. The focus is to increase the market share and serve maximum regions. The manufacturers are also investing on sustainable development programs. Thus, there are a lot of initiatives pertaining to water conservation in particular.

Citrus Alcohol Market Segmentation

By Product Type:

Beer
Spirits
Wine
By Packaging Type:

Glass Bottles
Tins
Plastic Bottles