Uganda Spirits Market Report 2022-2027 Size, Share, Growth, Trends, Analysis
According to the latest report by IMARC Group, titled " Global Uganda Spirits Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027 ", Uganda spirits market reached a value of US$ 1.62 Billion in 2021 . Looking forward, IMARC Group expects the market to reach a value of US$ 2.28 Billion by 2027 , growing at a CAGR of around 5.7% during 2022-2027. Spirits, also known as hard liquors, are alcoholic beverages prepared by distillation of fermented sugar derived from cereal grains, fruits, or vegetables. Some of the most popular spirits include whiskey, gin, rum, vodka, brandy, and tequila. They are adequately aged and stored in sealed barrels to obtain the desired taste, color, and alcohol content. Many tribes in Uganda traditionally produce grain-based alcoholic beverages with a composition similar to spirits. As a result, spirits are widely consumed in the country due to the traditional outlook toward alcohol consumption among the masses. We are re...