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At a 15.2% of CAGR | Alcohol E-Commerce Market to garner $173.8 billion by 2031
Alcohol E-Commerce Market
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Covid-19 Scenario
The COVID-19 pandemic resulted in the lucrative growth for the global alcohol e-commerce market, due to disruption in supply chain activities and lockdowns leading to the shutdown of liquor shops and retail stores.
Growing online demand for alcoholic beverages due to strict government laws, which, in turn, restricted mobility and personal contact. This opened new revenue streams for the market across the globe during the COVID-19 pandemic.
The report offers detailed segmentation of the global alcohol e-commerce market based on alcohol type, price point, distribution channel, and region. The report offers a comprehensive analysis of each segment and sub-segment by deriving inference from trends, insights, and hidden patterns in data provided in tables and figures. This analysis assist market players, investors, and new entrepreneurs in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on alcohol type, the beers segment contributed toward the largest market share in 2021, accounting for more than one-third of the overall share of the global alcohol e-commerce market. Moreover, this segment is predicted to retain its domination during the forecast period. However, the wines and champagnes segment is set to record the highest CAGR of nearly 15.5% during the forecast period. The report also offers an analysis of segments such as spirits and others.
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Based on price point, the economy segment held the largest share in 2021, contributing more than half of the overall share of the global alcohol e-commerce market. Moreover, this segment is predicted to contribute the largest market share by 2031. However, the luxury segment is also anticipated to record the fastest growth with a CAGR of nearly 16.8% from 2022 to 2031. The report also offers an analysis of other segments such as mid-range.
Based on the distribution channel, the online grocery segment held the largest share in 2021, contributing more than one-third of the overall share of the global alcohol e-commerce market. Moreover, this segment is predicted to contribute the largest market share by 2031. However, the direct-to-consumer segment is anticipated to record the fastest growth with a CAGR of nearly 15.8% from 2022 to 2031. The report also offers an analysis of other segments such as online alcohol marketplaces and licensed specialty retailers.
Based on region, North America contributed towards the highest market share in 2021, accounting for more than one-third of the global alcohol e-commerce market. The region is predicted to continue its market dominance by 2031. Moreover, the LAMEA alcohol e-commerce market is set to record the fastest CAGR of 15.9% during the forecast timeline. The research also analyzes regions including Asia-Pacific and Europe.
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Leading players of the global alcohol e-commerce market analyzed in the research include Bright Cellars, Costco Wholesale Corporation, Vivino, Drizly, Evino, Flaviar, Naked Wines, Uber Technologies Inc., RserveBar, Total Wines & More, and Vintage Wine Estates.
The report evaluates these major participants in the global alcohol e-commerce industry. These participants have executed a spectrum of strategies such as expanding regional and customer base, product innovations, strategic collaborations, and joint ventures for increasing their market penetration and maintaining their strong position in the market. The research study assists in monitoring the performance of each segments, position of each product in respective segments, and impact of new technologies on the overall market growth.
Read More Details: https://www.alliedmarketresearch.com/alcohol-e-commerce-market-A16919
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