Alcoholic Beverages Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMFB191 | Last Updated On: Jun 03 2022 | Available Formats

> Global Alcoholic Beverages Market Expected to reach a high CAGR of 6% during the forecast period 2022-2029: DataM Intelligence

Global Alcoholic Beverages Market is segmented By Type (Beer, Distilled Spirits, Wine, and Others), By Distribution Channel (Convenience Stores, On-Premises, Liquor Stores, Grocery Shops, Internet Retailing, and Supermarkets), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global Alcoholic Beverages Market is expected to grow at a CAGR of 6% during the forecasting period (2022-2029).

What does this report deliver?

  • The report covers factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
  • The Global Alcoholic Beverages market share is divided among the top players in this market which include Bacardi, Beam-Suntory, Boston Beer, Brown-Forman, Constellation Brands, Diageo, E & J Gallo, Edrington Group, Jose Cuervo, Mast-Jaegermeister, Miller Coors, Pabst Brewing, Pernod Ricard, Treasury Wine Estates and William Grant & Sons.

Growth opportunities and restraints:

  • The rise in global young-adult demographic, growing expenditure on beverages coupled with high disposable income and increased consumer demand for premium/super-premium products provide excellent growth opportunities for the global alcoholic beverages market.
  • However, there are some factors restraining the market such as the high cost of premium/super-premium products, restrictions on advertisements, and escalation of non-alcoholic beverages market owing to health concerns.

“Increasing Expenditure on Entertainment” – The recent trend

  • Increasing social networking in youth, increasing family incomes, and ease of access to alcoholic beverages are driving the growth of the alcoholic beverages market.
  • The ever-growing urban populace and rising expendable earnings in developing economies are prompting generous spending on the excitement at clubs and night parties.
  • This alongside the impact of Western culture is largely profiting the alcoholic beverages market. The ubiquitous presence of Clubs, Night Bars, etc is widening the market and thus providing increased revenues.

“Restrictions on Alcoholic Advertisements” – The censorship saga

  • According to a report by the World Health Organization, 3.3 million deaths are recorded every year worldwide because of the excess utilization of alcohol.
  • Limitations on commercials of alcoholic beverages and limitations on alcoholic beverage makers for mark attention is affecting deals which are restraining the global alcoholic beverages market.

Market Outlook:

  • The market is segmented based on types of drinks such as Beer, Wine, Spirits, and Others (Cider, RTD).
  • Based on distribution channels, the market is segmented into Convenience Stores, Supermarkets/ Hypermarkets, Online Stores, Speciality Stores, and Others.

Regional Insights:

  • Geographically, the market is segmented into North America, South America, Europe, Asia Pacific, and RoW.
  • The alcoholic beverage market in Europe is one of the largest in the world. Western Europe represented a market value of approximately 330 billion USD in 2015 and is expected to increase by 350 billion USD.
  • The value of the Eastern European market amounted to approximately 84 billion USD in 2017; this is expected to rise to nearly 95 billion USD in 2020.

By Product Type, beer is the largest segment accounting for 43% of the market by 2016.

Key takeaways from this report:

The professional purchasing of this DMI report will be able to do the following:

  1. Visualize the composition of the Alcoholic Beverages in the market across each indication, in terms of type and applications, highlighting the key commercial assets and players.
  2. Identify commercial opportunities in Alcoholic Beverages by analyzing trends and co-development deals.
  3. Excel data sheet with thousands of data points of the Alcoholic Beverages market-level 4/5 segmentation
  4. A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
  5. Product mapping in excel for key Alcoholic Beverages products of all major market players.

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