Global Alcoholic Beverages Market by type (beer, distilled spirits, wine, and others), by distribution channel (convenience stores, on premises, liquor stores, grocery shops, internet retailing, and supermarkets), by Geography (North America, Europe, Asia Pacific, Middle East & Africa and South America) – is expected to reach US$ XX Bn by 2027, at a CAGR of XX %.
Global alcoholic beverages market is expected to be driven by the growing per capita disposable income of the consumer in developed over the last few years. Moreover, the increasing purchasing power of the consumer in the emerging nation is considered to the importance of the expanding growth of alcoholic beverages in the forecast period. Rising urbanization in developing economies of Asia Pacific is also boosting the sales of alcoholic beverages in the upcoming decade. However, high cost of premium/super premium products and development of nonalcoholic beverages market, owing to rising health concerns are likely to limit the market growth in the forecast period.
Beer segment is expected to hold the significant market share
Beer segment is expected to hold the significant market share owing to rising demand for craft beer. Beer is the most expended alcoholic drink across the globe and holds around of alcohol. Wine segment is estimated to exhibit fast growth over the forecast period owing to its growing popularity and developments in the wine production.
North America is currently the most leading region in the alcoholic beverage market with a major market share
North America is currently the most leading region in the alcoholic beverage market with a major market share in terms of revenue. Major factors like busy lifestyles, growing consumer inclination for premium and flavored alcoholic beverages and quickly evolving alcohol manufacturing technologies are boosting the growth of the North America alcoholic beverages market. However, Asia Pacific is estimated to highest CAGR during the forecast period.
This report includes a study of marketing and development strategies, along with the product portfolios of prominent companies. It includes the profiles of leading manufacturers such as Anheuser-Busch InBev SA/NV, Bacardi Limited, Beam Suntory Inc., Constellation Brands Inc., Diageo Plc, Heineken Holding NV, Molson Coors Brewing Co., Pernod Ricard SA, SABMiller Ltd., and United Spirits Ltd.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the alcoholic beverages market. Report encompasses the market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for making informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the alcoholic beverages market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain alcoholic beverages market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “alcoholic beverages market”
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