DUBLIN, Nov. 10, 2021 /PRNewswire/ — The “France Spirits Market (Whisky, Rum, Vodka & Liqueurs): Insights & Forecast with Potential Impact of COVID-19 (2020-2024)” report has been added to ResearchAndMarkets.com’s offering.
France spirits market is forecasted to reach US$7.96 billion in 2024, growing at a CAGR of 3.12% for the period spanning 2020-2024.
The factors such as rapid urbanization, increasing income, accelerating online spirits sales and peer influence on youngsters are expected to drive the market. However, the growth of the industry would be challenged by high competitive pressure and retail consolidations.
Few notable trends include growing demand for premium products and the emergence of cocktail culture. In 2020, the outbreak of the COVID-19 pandemic has created an unfavorable impact on the market as the great lockdown has suppressed population income and so the demand.
In France, Spirit is one…