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Drinking Places (Alcoholic Beverages) Market Detailed Analysis Report 2023 | Growth | Demand | Opportunities | Forecast To 2032: Boadas Cocktails, Kings Head Pub, Attaboy, Floreria Atlantico, Four Seasons Hotels Ltd
Drinking Places (Alcoholic Beverages) Market
Drinking Places (Alcoholic Beverages) Market Size, Growth Rate, And Forecast
The global drinking places (alcoholic beverages) market size is expected to grow from $59.51 billion in 2022 to $65.69 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global drinking places (alcoholic beverages) market size is expected to reach $89.63 billion in 2027 at a CAGR of 8.1%.
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Drinking Places (Alcoholic Beverages) Market Drivers
Increasing alcohol consumption is significantly contributing to the growth of the drinking places (alcoholic beverages) market going forward. Alcohol consumption refers to the drinking of beverages containing ethyl alcohol. Pubs and bars help create a positive social environment where friends can gather to drink safely. Hence, increasing alcohol consumption is boosting the sales of drinking places such as bars and pubs. For instance, in December 2022, according to the Global Beer Consumption Report for 2021 shared by Kirin Holdings Company Limited, a Japan-based integrated beverages company, about 185.60 million kiloliters of beer were consumed worldwide in 2021, a rise of 4.0% from the previous year. Therefore, increasing alcohol consumption is driving the growth of the drinking places (alcoholic beverages) market.
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Drinking Places (Alcoholic Beverages) Market Segments
• By Product: Beverages, Foods
• By Application: Men, Women
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the drinking places (Alcoholic Beverages) market.
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Drinking Places (Alcoholic Beverages) Market Key Players
Major competitors in the drinking places (alcoholic beverages) market are Boadas Cocktails, Kings Head Pub, Attaboy, Floreria Atlantico, Four Seasons Hotels Ltd., Hakkasan Group, J D Wetherspoon Plc., Licoreria Limantour, Maybourne Hotel Group, McKs Tavern, Mitchells and Butlers Plc., Oberoi Group, Oetker Hotel Management Company GmbH.
The Business Research Company's "Global Drinking Places (Alcoholic Beverages) Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Drinking Places (Alcoholic Beverages) Market Include:
1. Executive Summary
2. Drinking Places (Alcoholic Beverages) Market Characteristics
3. Drinking Places (Alcoholic Beverages) Market Trends And Strategies
4. Drinking Places (Alcoholic Beverages) Market - Macro Economic Scenario
5. Drinking Places (Alcoholic Beverages) Market Size And Growth
………………
27. Drinking Places (Alcoholic Beverages) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Drinking Places (Alcoholic Beverages) Market
29. Drinking Places (Alcoholic Beverages) Market Future Outlook and Potential Analysis
30. Appendix
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