Global Alcoholic Beverages Market Insights, Overview, Analysis and Forecast 2027

Alcoholic beverages are distilled drink or liquor produced from fermentation of the sugar obtained from fruits, berries, and grains. These beverages contain more than a minimal amount of ethyl alcohol or ethanol. They are classified into three general classes called beer, wine, and spirit. Increasing number of adult and young population and high disposable income of the consumers are the major factors driving growth of the market. Innovation in product due to high demand for alcoholic beverages with changing taste and preferences is key factor for growth of this industry. Advancement in the distribution channels such as availability of separate counter for females, outlet on airports, online sales, and growing tourism sector are some of the factors boosting growth of market.

Consumption of alcoholic beverages in a limited quantity is associated with reduced risk of cardiovascular diseases. Furthermore, consumption of red wine reduces the risk of heart diseases and burns fat. Therefore, introduction of varieties among beer and spirits is expected to create lucrative opportunity for growth of the alcoholic beverages market.

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Key Players in the Global Alcoholic Beverages Market

Major players are focused on strategies such as merger and acquisition to maintain leading position in market. Innovations and new product development in the manufacturing of flavored wine, vodka, beer, and cocktail such as wine based cocktails, vintage cocktails, and exotic spirits are expected to drive growth of the market.
Key players operating in the global alcoholic beverages market include 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 Carlsberg group.

Alcoholic Beverages Market Taxonomy

Based on the product type, alcoholic beverages is segmented into:
Beer
Ale
Lager
Stout
Distilled Spirits
Rum
Whiskey
Vodka
Gin
Others
Wine
Sparkling
Fortified
Champagne

Based on distribution channel, the alcoholic beverages market is segmented into:
Hyper markets
Supermarkets
On shops
Others

Spirits hold highest share in the global market of alcoholic beverages. More than 45 percent of the total alcohol is consumed is in the form of spirits. Increasing demand for premium and super premium whiskey is expected to fuel growth of alcoholic beverage market.

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Key Developments:

For instance, in October 2016, Anheuser-Busch InBev SA/NV acquired SABMiller, U.K. based brewing and beverage manufacturer. After the acquisition, the new company’s annual sale is expected to boost from US$44 billion to US$55 billion.
In April 2018, Bacardi Limited acquired Patrón Spirits International AG and its PATRÓN brand, the world’s top-selling super-premium tequila. This acquisition helped Bacardi Limited to expand its super-premium tequila business in global market.

Alcoholic beverages Market 2020-2027: Key Highlights

1.CAGR of the market during the forecast period 2020-2027
2.Detailed information on factors that will assist Alcoholic beverages market growth during the next five years
3.Estimation of the Alcoholic beverages market size
4.Predictions on upcoming trends and changes in supplier behavior
5.The growth of the Alcoholic beverages market
6.Analysis of the market’s competitive landscape and detailed information on vendors
7.Comprehensive details of factors that will challenge the growth of Alcoholic beverages market vendors

The Alcoholic beverages market report gets rid of the following queries:

A) Which end use has the highest rate of consumption and why?
B) Which regions are the Alcoholic beverages market players targeting to gain a competitive edge?
C) What is the growth forecast of the global Alcoholic beverages market in region?
D) What is the Y-o-Y growth rate of the global Alcoholic beverages market?
E) Which segment will have the maximum share of the global Alcoholic beverages market by the end of Year?

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