The term “spirits” refers to an alcoholic beverage that has been distilled, contains no added sugar, and has at least 20 percent alcohol by volume. The term is derived from the medieval practice of alchemy and refers to the essential liquid element obtained from a substance through distillation, the “spirit” of the substance, so to speak. Popular spirits include whiskey, rum, vodka, tequila, and gin, among others. Spirits include distilled alcoholic beverages with an alcohol content that typically ranges from 20 to 50 vol%. or more. The market here is structured into the subsegments Whisky, Vodka, Rum, Gin, and Brandy as well as Liqueurs & Other Spirits. Ready-to-drink cocktails and mixed drinks like Alcopops are included in the last subsegment.