Alcoholic Beverages Market Growth Factors and Trends with CAGR of 2.1% during 2021–2026

Alcoholic Beverages Market

Rising demand for alcoholic beverages across the globe and surge in young-adult demographics worldwide are the key factors driving the global alcoholic beverages market. After a decline in alcoholic beverages consumption by 1.25% across the globe, the market experienced 0.01% growth in 2017. Moreover, the highest alcoholic beverage demand is experienced by countries in Europe including Lithuania, the Czech Republic, France, Ireland, and Belarus.

The Major Players Covered in this Report:
Carlsberg A/S, Suntory Holdings Ltd., Constellation Brands Inc., Brown-Forman Corporation, Craft Brew Alliance Inc., Anheuser-Busch InBev SA/NV, Diageo Plc., Molson Coors Brewing Co., The Wine Group LLC, Asahi Group Holdings Ltd., United Breweries Limited, Bundaberg Brewed Drinks Pty Ltd, Halewood International Holdings Plc, Bacardi Limited, Heineken Holding N.V., The Boston Beer Company Inc., Pernod Ricard SA, DGB Pty Ltd., Accolade Wines Holdings Australia Pty Limited, and Bronco Wine Company.

The global alcoholic beverages market was valued at USD 1,547 billion in 2018 and is expected to reach USD 1,784 billion by 2026, registering a CAGR of 2.1% during 2019–2026.

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By Type
Distilled Spirits, Whiskey, Rum, Vodka, Others, Beer, Lager, Ale, Hybrid, Wine, Sparkling, Fortified, Champagne, Others

By Distribution Channel
Supermarkets, Liquor Stores, Convenience Stores, On-Premises, Grocery Shops, Internet Retailing

Segmental Insights

The global alcoholic beverages market is segmented on the basis of type, distribution channel, and region.

Based on type, the global alcoholic beverages market is segmented into distilled spirits, beer, wine, champagne, and others. Distilled spirits are further segmented into whiskey, rum, vodka, and others. Beer is segregated into lager, ale, and hybrid. Wine is further divided into sparkling and fortified. The beer segment accounts for the largest share of the market owing to the increasing popularity of beer across the globe. According to the Brewers of Europe, in 2016, 415,517 hectoliters of beer were produced in Europe with 1.3% growth from 2014 and 1.0% growth from 2015. Moreover, distilled spirits segment is expected to account for a significant share of the global alcoholic beverages market followed by the wine segment. In 2016, the wine segment experienced a growth of 0.5% as compared to 2015 and is expected to grow significantly during the forecast period 2019–2026.

Regional Analysis For Alcoholic Beverages Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Alcoholic Beverages are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

Why Buy This Report?

The Coca-Cola Company is planning to launch its first alcoholic drink in the Asia Pacific market due to the significant growth of the region. The company is going to introduce the new alcoholic beverage with 3% and 8% alcohol content by volume.

New entrants offering new products and giants in the beverage industry entering the alcoholic beverage market are expected to affect the market growth in the near future.

Our report covers the alcoholic beverages market insights, focusing on recent developments in the market in different regions and development strategies of the companies. Moreover, the following sections are specifically covered in the report.

Definitive Market Data
Alcoholic Beverages Market Analysis
Recent Opportunities in the Market
6-7 year performance forecasts: major segments covering onset type, distribution channel, and regions
Market Share Analysis
Potential Venture Avenues

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