Bahrain Alcoholic Beverages Market Size Estimated to Reach $30.4 Million by 2025

Bahrain Alcoholic Beverages Market size is estimated to reach $30.4m by 2025, growing at a CAGR of 2.5% during the forecast period 2020-2025. An alcoholic beverage contains the recreational drug ethanol, a type of alcohol produced by fermentation of grains, fruits or other sources of sugar. Increase in the number of Retail stores, choice of availability of flavors, increase in the disposable income of individuals, sedentary lifestyle, increase in the demand for distilled spirits, and growing social acceptance towards alcoholic beverages are the factors that are set to drive the growth of the global market for the forecast period 2020-2025.

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Bahrain Alcoholic Beverages Market Segment Analysis - By Type

Based on the Type, the Distilled Spirits segment held the largest share in 2019. This is owing to the factors such as increase in the disposable income of individuals, increase in the number of restaurants and recreational clubs, growing younger population, increase in the choice of availability of flavor, growing social acceptance towards alcoholic beverages and increase in the investment by the major companies in the country.

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Bahrain Alcoholic Beverages Market Segment Analysis - By Distribution Channel

Based on the Distribution Channel, Retail Stores segment held the largest share in 2019 owing to the factors such as increase in the availability of well-known branded beverages in the country, increase in the number of Retail stores, increase in the customer preference towards local craft styles owing to high quality ingredients. Online Retailing segment is estimated to be the fastest growing segment owing to the factors such as increase in the disposable income of individuals, advancements in technology, choice of availability of flavors and increase in the demand from young population.

Bahrain Alcoholic Beverages Market Drivers

Increase in the disposable income of individuals and growing younger population

The increase in the disposable income of individuals is estimated to enhance the growth of Bahrain Alcoholic Beverages Market. Advancements in technology and growing younger population are also the factors, which enhance the growth of Bahrain Alcoholic Beverages Market.

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Bahrain Alcoholic Beverages Market - By Challenges

Increase in the demand for non-alcoholic beverages and stringent government regulations

Increase in the demand for non-alcoholic beverages owing to increase in the health consciousness among individuals is one of the major factors that is estimated to reduce the growth of the Bahrain Alcoholic Beverages Market. High cost of premium products and stringent government regulations is also said to reduce the growth of the Bahrain Alcoholic Beverages Market.

Bahrain Alcoholic Beverages Industry outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Bahrain Alcoholic Beverages Market. Key companies of this market are BAVARIA N.V., Anheuser-Busch InBev, Heineken N.V., Brown Forman, Carlsberg Group, Diageo plc, Glen Moray, Chivas Holdings Limited, Bacardi Global Brands Limited, United Dutch Breweries B.V. among others.

Key Takeaways

The increase in the technology and increase in the demand for distilled spirits is likely to aid in the market growth of Bahrain Alcoholic Beverages Market.

Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Bahrain Alcoholic Beverages Market report.

The increase in the product launches and increase in the disposable income of individuals are creating higher opportunities for the growth of market for the forecast period 2020-2025.

Related Reports :

A. Alcohol Ingredients Market
https://www.industryarc.com/Research/Alcohol-Ingredients-Market-Research-504444

B. Non-Alcoholic Beverage Market
https://www.industryarc.com/Research/Nonalcoholic-Beverage-Market-Research-504979

For more Food and Beverages Market reports @ https://www.industryarc.com/Domain/6/food-beverages-market-research.html

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