Gin Market 2023- Size, Growth, Opportunity and Forecast 2028
According to the latest report by IMARC Group, titled “ Gin Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 .' the global gin market size reached US$ 15.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.6% during 2023-2028. Gin refers to an alcoholic drink that is created through the distillation of grains and botanicals, particularly juniper berries. The combination of these ingredients produces a clear spirit with a distinct, slightly bitter taste that is often balanced by sweetness or other flavors. Gin is a popular ingredient in cocktails, particularly in classics like martinis and gin and tonics, and can also be enjoyed on its own. The production process for gin may vary depending on the brand, but the use of juniper berries remains a defining characteristic of the drink. With its unique flavor profile and versatility in cocktails, gin has become a...