Alcoholic Beverages Market

Alcoholic Beverages Market is predicted to reach at USD 1,759 Billion by 2027 at a CAGR of 2.2% over the forecast period.

Alcoholic drink refers to the drink containing fermentation of grains, fruits, and other sources of sugar. Wine, beer, and spirits are formed using the fermentation process, which is a natural result of yeast digestion of the sugars found in the raw materials used. Beer is one of the most famous member of the alcoholic beverages and contains malt, rice, hops, and corn.

To have an edge over the competition by knowing the market dynamics and current trends of “Alcoholic Beverages Market,” request for Sample Report here

The global Alcoholic Beverages market is anticipated to experience a sharp growth over the forecast period due to the strong demand for alcoholic beverages, especially among the millennials, followed by the accelerating consumer demand for premium/super-premium products across the globe. The leading alcoholic beverage manufacturers are mainly focusing on launching new innovative products to capture the diverse demand of the target audience. Additionally, the development of alternative products, such as the introduction of beverage derived from the honey, will attract the health-conscious consumers. The attractive packaging of these beverages in different containers and sizes will directly surge the demand for alcoholic beverages over the coming years. For example, various manufacturers have launched canned alcohol for consumers who are looking for a convenient beverage option.

The growing emphasis on quality rather than prices is propelling the demand for premium alcoholic beverages in the market. On the other end of the spectrum, the emergence of the COVID-19 pandemic has adversely impacted the sales of alcoholic beverages. The strict lockdown and the temporary shutdown of liquor shops, bars, and restaurants are the major reasons responsible for the decline in the sales of alcohol around the world. However, the market is projected to bounce back in 2021 while growing at a significant rate from 2022 onwards.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on the type, the market is segmented into beer, distilled spirits, wine, and others. Among these, the distilled spirits segment is anticipated to dominate the market over the forecast period owing to the accelerating consumption of premium/super-premium whiskey driven by the fundamental shift in the consumer’s preference from beer to distilled spirits such as whiskey, rums, vodka, and other types of distilled spirit beverages.

On the basis of the distribution channel, the market is segmented into convenience stores, on premises, liquor stores, grocery shops, internet retailing, and supermarkets. Among these, the supermarket is anticipated to grow at a higher CAGR during the forecast period. This is attributed to the increasing number of supermarkets as a result of rapid urbanization in several emerging economies. Additionally, the supermarkets provide a wide range of products at a reasonable price range, which will encourage the consumers to opt for supermarkets for their weekly grocery shopping. Several supermarkets also offer high visibility and an attractive assortment of alcoholic beverages to attract more customer base. All these factors are directly surging the demand of the segment in the market over the forecast period.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Based on the region, North America is projected to lead the market over the forecast period. This is due to the strong demand for alcoholic beverages, especially among the young-adult population in the North American region. On the other hand, the Asia-Pacific region is anticipated to grow at a faster CAGR during the forecast period owing to the accelerating demand of these beverages in the emerging economies such as China and India. Furthermore, the increasing disposable income is indirectly boosting the demand of the market in this region.

Various notable players operating in the market include Accolade Wines, Asahi Group Holding Ltd., Brown-Forman, Carlsberg Breweries A/S, China Resources beer (Holdings) Company Limited, Remy Cointreau, Tsingtao Brewery Co Ltd., Treasury Wine Estates, Thai Beverage Public Co., Ltd., and The Wine Group, among others.

 Key Developments: 

• • In 2020, Accolade Wines relaunched its Hardys wine brand backed by an investment of £5 million. This relaunch will first take place in the UK.
  • In 2020, Asahi Group Holding Ltd., successfully acquired Carlton & United Breweries, with Asahi divesting two beer brands and three cidar brands. The deal amounted for $16bn AUD/ $11.3bn USD.
  • In 2019, Brown Forman announced to acquire Fords Gin, a premium gin for its growing portfolio. The acquisition will include the Fords Gin trademark and other assets of the 86 Company.

The global Alcoholic Beverages market has been segmented on the basis of Type, Distribution Channel and Regions. Based on type, the market is segmented into Beer, Distilled Spirits, Wine and Others. Based on distribution channel, the market is segmented into Convenience Stores, On Premises, Liquor Stores, Grocery Shops, Internet Retailing, and Supermarkets.

 For detailed scope of the “Alcoholic Beverages Market” report request a Sample Copy of the report

Market Segmentation

Global Alcoholic Beverages Market by Type

• • Beer
    • Ale
    • Lager
    • Hybrid
  • Distilled Spirits
    • Rum
    • Whiskey
    • Vodka
    • Others
  • Wine
    • Sparkling
    • Fortified
    • Others
  • Others

Global Alcoholic Beverages Market by Distribution Channel

• • On-Premises
  • Liquor Stores
  • Grocery Shops
  • Internet Retailing
  • Supermarkets
  • Convenience Stores

Global Alcoholic Beverages Market by Region

• • North America Alcoholic Beverages Market (Option 1: As a part of the free 25% customization)
    • North America Alcoholic Beverages Market by Type
    • North America Alcoholic Beverages Market by Distribution Channel
    • US Alcoholic Beverages Market All-Up
    • Canada Alcoholic Beverages Market All-Up
  • Europe Alcoholic Beverages Market (Option 2: As a part of the free 25% customization)
    • Europe Alcoholic Beverages Market by Type
    • Europe Alcoholic Beverages Market by Distribution Channel
    • UK Alcoholic Beverages Market All-Up
    • Germany All-Up Alcoholic Beverages Market All-Up
    • France Alcoholic Beverages Market All-Up
    • Spain Alcoholic Beverages Market All-Up
    • Rest of Europe Alcoholic Beverages Market All-Up
  • Asia-Pacific Alcoholic Beverages Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Alcoholic Beverages Market by Type
    • Asia-Pacific Alcoholic Beverages Market by Distribution Channel
    • China Alcoholic Beverages Market All-Up
    • India Alcoholic Beverages Market All-Up
    • Japan Alcoholic Beverages Market All-Up
    • Rest of APAC Alcoholic Beverages Market All-Up
  • RoW Alcoholic Beverages Market (Option 4: As a part of the free 25% customization)
    • • RoW Alcoholic Beverages Market by Type
      • RoW Alcoholic Beverages Market by Distribution Channel
      • Brazil Alcoholic Beverages Market All-Up
      • South Africa Alcoholic Beverages Market All-Up
    • Saudi Arabia Alcoholic Beverages Market All-Up
    • UAE Alcoholic Beverages Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Alcoholic Beverages Market All-Up

Global Alcoholic Beverages Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Accolade Wines
  • Asahi Group Holding Ltd.
  • Brown-Forman
  • Carlsberg Breweries A/S
  • China Resources beer (Holdings) Company Limited
  • Remy Cointreau
  • Tsingtao Brewery Co Ltd.
  • Treasury Wine Estates
  • Thai Beverage Public Co., Ltd.
  • The Wine Group