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Study: Worldwide consumption of alcohol drops 1.6% in 2018

An IWSR study found that alcohol consumption declined 1.6% globally in 2018 versus the previous year. However, the authors project that the value of wine will grow in 2019, and state that "the global market for beverage alcohol in 2018 was just over $1 trillion, a number which the IWSR expects to grow 7% by 2023 as consumers continue to trade up to higher-quality products."

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