Alcoholic Beverages Market, Alcoholic Beverages Market Size, Alcoholic Beverages Market Trends, Alcoholic Beverages Market Forecast, Alcoholic Beverages Market Risks, Alcoholic Beverages Market Report, Alcoholic Beverages Market Share

According to a new report published by xResearch, titled, “Alcoholic Beverages Market 2022- Industry Insights, Trends, Opportunity & Forecast, 2021–2030,” the global alcoholic beverages market size is anticipated to witness moderate growth during the forecast period i.e. 2022-2030.

 

The rapid expansion of the food and beverage industry across the globe, the increasing focus of manufacturers on launching innovative drinks, the ever-growing global population leading to an enhanced demand for alcoholic beverages, the rising number of breweries and wineries across the globe, especially across the emerging nations, the elevating disposable incomes and beverage preferences of consumers, and the proliferating trend of mid-week/weekend parties among young and working professionals are among the major factors propelling the growth of the global alcoholic beverages market.

 

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According to type, the distilled spirits segment accounted for a significant portion of market share in the global alcoholic beverages market in 2021, after the beer segment. The segment is predicted to maintain its position further in the market during the forecast period of 2022-2030. According to distribution channel, the specialty stores segment dominated the market in 2021. The segment is projected to retain its dominance further in the market during the forecast period. On the other hand, the supermarket segment is anticipated to attain the highest CAGR in the market during the forecast period of 2022-2030. The increasing number of supermarkets across regions and the high visibility, and easy availability of alcoholic beverages at low cost in supermarkets are primary ascribed to the growth of this segment.

 

Geographically, the Asia Pacific region led the global alcoholic beverages market in 2021, followed by North America and Europe. The region is estimated to remain dominant throughout the forecast period of 2022-2030. India and China are among the key contributors to the growth of the market in the region. On the other hand, the European region is slated to experience the highest growth in the global alcoholic beverages during the forecast period, followed by LAMEA. The escalating alcohol drinking population and the fast-paced emergence of major market players in the region are key factors driving market’s high growth in the European region.

 

Some of the major alcoholic beverages companies profiled in the report include Heineken Holding Nv. (Heineken N.V.), Molson Coors Brewing Company, Pernod Ricard Sa, Anheuser-Busch Inbev, Bacardi Limited, Carlsberg Group, Constellation Brands Inc., Diageo Plc, Suntory Holdings Ltd. (Beam Suntory Inc.), and United Spirits Limited.

 

The global alcoholic beverages market is segmented into type, alcoholic content, flavor, packaging type, distribution channel, and region. Based on type, the market is bifurcated into beer, distilled spirits, wine, and others. Based on alcoholic content, it is classified into high, medium, and low. Based on flavor, it is classified into unflavored and flavored. Based on packaging type, it is classified into glass bottles, tins, plastic bottles, and others. Based on distribution channel, it is classified into convenience stores, specialty stores, on-premises, liquor stores, grocery shops, internet retailing, and supermarkets.

 

The global alcoholic beverages market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

 

 

Key Insights of Alcoholic Beverages Market

  • On the basis of type, the distilled spirits segment accounted for a significant portion of market share in the global alcoholic beverages market in 2021, after the beer segment. The segment is predicted to maintain its position further in the market during the forecast period of 2022-2030.
  • On the basis of distribution channel, the specialty stores segment dominated the market in 2021. On the other hand, the supermarket segment is anticipated to attain the highest CAGR in the market during the forecast period of 2022-2030.
  • On the basis of region, the Asia Pacific region led the global alcoholic beverages market in 2021, followed by North America and Europe. The region is estimated to remain dominant throughout the forecast period of 2022-2030.
  • On the basis of region, Europeis slated to experience the highest growth in the global alcoholic beverages during the forecast period, followed by LAMEA.

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

 

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