The global botanical spirits market is experiencing significant growth, driven by a surge in consumer demand for natural, plant-based alcoholic beverages. In 2024, the market was valued at USD 91.61 million and is projected to reach USD 153.21 million by 2032, growing at a CAGR of 6.64%. Botanical spirits, particularly gin, currently dominate the market, accounting for over 53% of total revenues. This rise is attributed to increasing interest in premium, artisanal, and craft spirits, with consumers seeking unique flavor profiles and authenticity. The trend is further fueled by the popularity of mixology culture and at-home experimentation, making botanical spirits a core ingredient in modern drinking rituals.
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