Alcoholic Beverages Market Trends, Global Analysis & Opportunities by 2030
As
per the MRFR reports, the global alcoholic beverages market is estimated to reach
USD 2674.63 billion by 2030, exhibiting a compound annual growth rate (CAGR) of
2.4% during the forecast period (2023 - 2030).
Alcohol
is an odorless liquid derived from the fermentation of sugar. A varied
selection of compounds is added in alcohol, but ethyl is considered the
food-grade alcohol in most alcoholic beverages. The market for alcoholic
beverages is considered one of the most profitable markets worldwide. The
global alcoholic
beverages market insights has recorded enormous growth in
the past few years. The market's growth is primarily being driven by the rise
in demand for alcoholic beverages.
Furthermore,
the growth in the per capita income of consumers across the globe and the rise
in urbanization is likely to catalyze the growth of the alcoholic beverages
market over the forecasted timeframe. Moreover, the factors such as the surge
in the youth population and the growing trend of drinking are also estimated to
propel the growth of the alcoholic beverages market over the review timeframe.
However, the increasing risk from healthy and organic beverages and increased
health-conscious behavior among individuals may impede the market's growth over
the coming years. Nevertheless, introducing new flavors and varieties across
the global market may offer lucrative opportunities over the assessment era.
Segment Analysis
The
global market for alcoholic beverages has been fragmented into several segments
based on type, distribution channel, and region.
Based
on type, the global market for alcoholic beverages is split into wine,
distilled spirits, beer, and others.
The
global alcoholic beverages market is divided into non-store-based and
store-based channels based on the distribution channel.
Regional Analysis
The
global alcoholic
beverages market trends is examined across five prime
regions: Asia-Pacific, Europe, North America, South America, and the Middle
East & Africa.
As
per the research reports by MRFR, the Asia-Pacific region is anticipated to
present the highest growth over the review timeframe. The emergence of nations
such as China and India as the leading markets across the globe is the primary
cause of an upsurge in the regional market's growth.
The
European region is likely to exhibit praiseworthy growth in the global market
for alcoholic beverages over the forecasted era. As per the report, prominent
market players across the region are the primary aspect propelling the regional
market's growth.
Competitive Analysis
The
alcoholic beverages market has a strong and competitive landscape. The growing
demand for alcoholic products across the globe is causing increased overall
attractiveness of the global market. Numerous market players are likely to
expand their share to the net global market share over the projected era. The
list of leading players in the global market for alcoholic beverages includes
Anheuser Busch InBev., Beam-Suntory, Diageo Plc., Carlsberg Group,
Constellation Brands, Heineken Holding Nv, Accolade Wines, and several others.
Recent Developments
- January
2022 – Molson Coors, a major beer maker, and Coca-Cola have joined
forces to roll out the latest lemonade-flavored alcoholic drink. Spiked
Lemonade will be launched to the market this summer with every variety
pack containing four flavors— blueberry lemonade, watermelon lemonade,
strawberry lemonade, and Lemonade. The drinks will be provided in 12-ounce
slim cans simultaneously, as other select flavors will be available in
24-ounce cans. The drink is the second alcoholic flavored drink produced
by the joint forces of Molson Coors and Coca-Cola Company. The two
companies partnered to introduce Topo Chico Hard Seltzer last year.
- February
2022- BEAT Cocktails is ready to introduce carbonated gin-based cocktails
in Delhi. The brand's fashioned cocktails are a lighter, healthier
alternative to conventional alcoholic beverages and come in unique flavor
mixes like Cucumber Ice, Watermelon Crush, and BEAT Original to serve the
consumer's palette.
The
concept makes the cocktail drinking experience value for money, memorable, and
convenient. The cocktail blends are the company's exclusive concoctions made
with various flavors selected to make their distinct mixes.
Read More Blogs:
Non-alcoholic
Beverages Market Research Report: Information By Product Type (Carbonated Soft
Drinks, Juices, Bottled Waters, Sports & Energy Drinks, RTD Teas &
Coffees and Others), By Packaging Type (Bottles, Cans, Cartons and Others), By
Distribution Channel (Store-Based And Non-Store-Based) And By Region (North
America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till
2032
Gluten-Free
Foods & Beverages Market Research Report Information By
Type (Alcoholic Beverages, Non-Alcoholic Beverages), By Packaging Material
(Paper, Plastic, Metal, Others), By Distribution Channel (Store Based,
Non-Store Based), And By Region (North America, Europe, Asia-Pacific, And Rest
Of The World) –Market Forecast Till 2030
RTD
Beverages Market Research Report: Information By Type (Alcoholic Beverages and
Non-Alcoholic Beverages (Tea & Coffee, Juices, Nectars, & Smoothies,
Carbonated Soft Drinks, Sports & Energy Drinks, Others)), By Packaging Type
(Bottles, Cans, Cartons and Others), By Distribution Channel (Store-Based And
Non-Store-Based) And By Region (North America, Europe, Asia-Pacific, And Rest Of
The World) –Market Forecast Till 2032
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