Global Alcohol Sales Bounce Back to $1.17 Trillion in 2021 with Whiskey Set To Pass Vodka In The U.S.

When the Covid-19 pandemic hit in 2020, its impact on the alcohol industry was impossible to ignore, with the hospitality, entertainment, and recreation industries losing almost half of their workforces. The result for the global beverage alcohol industry was a volume loss of over six percent and a value loss of over four percent.

However, according to new data released by the IWSR Drinks Market Analysis, global beverage alcohol volume grew by three percent in 2021 and total global beverage alcohol value grew by 12 percent, reaching $1.17 dollars — making up twofold for Covid-driven losses.

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