Global Citrus-based Alcohol Market By Product Type (Spirits, Wine and Beer), By Citrus (Lemon, Lime, Orange, Grapefruit, Mandarin, etc.), By Packaging (Glass Bottles, Cans and Plastic Bottles), By Distribution Channel (Specialty, Stores, Hotels/Restaurant

Global Citrus-based Alcohol Market By Product Type (Spirits, Wine and Beer), By Citrus (Lemon, Lime, Orange, Grapefruit, Mandarin, etc.), By Packaging (Glass Bottles, Cans and Plastic Bottles), By Distribution Channel (Specialty, Stores, Hotels/Restaurants/Bars, local shops, online stores and others) By region (North America, Latin America, Europe, Asia. Pacific, Middle East and Africa) Industry trends and forecast to 2030.

Global Citrus-based Alcohol Market

Global Citrus-based Alcohol Market is expected to reach USD 9520.33 million by 2022, which will reach USD 6903.11 million in 2030, registering a CAGR of 3.93% during the forecast period 2023-2030.

Citrus-based alcohols are made primarily from citrus fruits such as lemon, lime, grapefruit and orange. Because of its flavor and strong acidity, citrus fruits have become an integral part of alcoholic beverages, including beer and spirits such as wine, rum and gin, and are used to balance cocktails. Citrus alcohol is also used as a base and flavor additive in the production of alcohol. Citrus-based alcoholic beverages inherit the nutritional profile of the citrus fruits from which they are made, such as lemon, lime, orange, grapefruit, tangerine and others. Citrus fruits are rich in vitamin C, a powerful antioxidant that protects cells from free radical damage and plays an important role in preventing diseases such as diabetes, cancer and neurological diseases.

Market Drivers

The growing trend of craft spirits and the adoption of cost-effective ingredients. As the beverage industry continues to expand and evolve, the rise of craft spirits among craft beers and ciders cannot be ignored. From rum to gin: "There are many craft spirits available both online and in stores, each embodying something different. So much so that many prefer craft spirits to more traditional commercial brands, which is also likely due to the trend of consumers buying locally from smaller distilleries and breweries. Rapid demand for quality craft spirits due to the changing cultural attitudes of the young and affluent population is a key factor driving the growth of the craft spirits market worldwide. Craft consumers prefer products made with natural or organic flavors, while small-scale distillers are distinguishing themselves with clean labels, authentic, hand-picked ingredients like spring water and GMO-free grains, and unique flavor combinations. The most popular craft rum is spiced rum, with various spices added such as cinnamon, ginger, vanilla, nutmeg and pepper. This use of ingredients is healthier and more cost effective for making craft spirits. An increase in disposable income increases alcohol consumption

But today, alcohol has become more affordable in most countries due to the increase in people's disposable income. The change in real income was greater than the change in the relative price of alcohol. This shows that real income growth has been the main driver of affordability. The increase in alcohol consumption is high in the 18-80 age group. Especially among young people.

Market Restraints

Price fluctuation of citrus fruits. The prices of citrus fruits, or raw materials, in the global citrus-based alcohol market are rising, because the use of citrus spices in alcohol produces and sells significantly healthier and tastier drinks. The increase in alcohol consumption worldwide is also increasing the consumption of citrus-based alcoholic beverages due to their naturally fruity citrus blend. The main raw material for the production of alcohol based on citrus fruits is citrus fruits. Citrus fruits include oranges, lemons, limes and grapefruit. Despite the wide availability of these citrus fruits in the market, the price is significantly influenced and caused by inflation in several countries, climatic conditions, import and export laws and taxes, prices of petroleum products used for transportation and other factors. variations the purpose of the strict rules is to limit alcohol consumption. The main strict policies used to reduce alcohol consumption include the use of multiple "countries" to target alcohol prices, such as unit tax, special (volume) tax and other all alcohol excise taxes. In addition to these taxes, some governments have become increasingly interested in minimum unit pricing (MUP). The MUP is a policy tool that sets a mandatory minimum price per unit of alcohol or a standard drink for cheap alcoholic beverages. Several countries, including Canada, have implemented MUP.

Market Opportunities

The demand for innovative alcoholic flavors is growing. There are many ways to enhance pure alcohol with fruit flavors. Citrus oils are widely used to flavor beverages. This fruit belongs to the Rutaceae family and consists of about 140 tribes and 1300 species, such as green lemon, grapefruit, oranges, yellow lemon, tangerines, pomelo, bergamot and lemon. Citrus oils are stored in leaves, peels and juice. Terpenes, sesquiterpenes, aldehydes, alcohols, esters and sterols are among the many chemicals in these wonderful essential oils. They are also known as hydrocarbon mixtures, oxygen containing chemicals and non-volatile residual compounds. Citrus flavors are popular in beverages, especially wheat beer. One of the fermentation products of wheat beer are esters, which give the beer itself a fruity taste and aroma, which is why it goes perfectly with citrus flavors and almost hides the taste and aroma provided by hops. The most popular beer cocktails are mixed with citrus fruits such as lemon, orange juice or spices. A key manufacturer's growing focus on upgrading existing technologies

The alcoholic beverage market is changing rapidly as the consumption of citrus-based spirits increases. The production technology of citrus-based fermented alcoholic beverages such as citrus wine and citrus brandy, which is part of the deep processing of citrus fruits, uses citrus fruits as raw materials and includes the following steps: juice pressing, centrifugation, standing and clarification, sugar-acid ratio control and low temperature. Primary fermentation, secondary fermentation, filtration and aging, blending, freezing and filtration, ultra-high temperature flash pasteurization and thermal bottling to produce citrus fermented wine; and then the production of dry type citrus fermented wine goes through the processes of distillation, brewing, filtering, aging, mixing, freezing and filtering to obtain the invented citrus brand. The aforementioned citrus brandy is clear and transparent, with a citrus aroma and natural color, and a rich and rich taste. Other existing technologies are also available for the production of citrus-based alcoholic beverages.

Market Segmentation

Global Citrus-based Alcohol Market is segmented on the basis of By Product Type, By Citrus, By Packaging, By Distribution Channel

Based on the By Product Type market is segmented into Spirits, Wine and Beer. Further market is segmented into By Citrus market is segmented into Lemon, Lime, Orange, Grapefruit, Mandarin, etc. By Packaging market is segmented into Glass Bottles, Cans and Plastic Bottles. By Distribution Channel market is segmnetd into Specialty, Stores, Hotels/Restaurants/Bars, local shops, online stores and others.

Regional Analysis

Global Citrus-based Alcohol Market is segmented into five main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. In the Asia-Pacific region, South Korea is expected to dominate the market due to its high consumption of alcoholic beverages. In Europe, France is expected to dominate the market due to the growing trend of craft spirits. In North America, the US is expected to dominate the market due to rising consumer disposable income.

Key Players.

Various key players are listed in this report such as Anheuser-Busch InBev, Constellation Brands, Heineken N.V, The Coca-Cola Company, ASAHI GROUP HOLDINGS, LTD, Anheuser-Bush Companies, The BOSTON BEER COMPANY, Diageo, Beam Suntory, Inc, Radico Khaitan Ltd.

Market Taxonomy

By Product Type

• Spirits
• Wine and Beer

By Citrus

• Lemon
• Lime
• Orange
• Grapefruit
• Mandarin

By Packaging

• Glass Bottles
• Cans and Plastic Bottles

By Distribution Channel

• Specialty
• Stores
• Hotels/Restaurants/Bars
• local shops
• online stores and others

By Region

• North America
• U.S.
• Canada
• Mexico
• Latin America
• Brazil
• Argentina
• Colombia
• Peru
• Chile
• Venezuela
• Rest of Latin America
• Europe
• Germany
• France
• UK
• Russia
• Italy
• Spain
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• New Zealand
• Singapore
• Malaysia
• Rest of Asia Pacific
• Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest Middle East & Africa

Key Questions Addressed by the Report

• What are the Key Opportunities in Global Citrus-based Alcohol Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?

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