Alcoholic Beverage E-Commerce Platforms Market | Size, Share and Scope Analysis to 2031

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on "Global Alcoholic Beverage E-Commerce Platforms Market (Products (Wine, Beer, Distilled Spirits, Hard Kombucha, Hard Seltzers, Cocktails and Long Drinks and Other RTD/ Flavored Products), Applications (Commercial, Residential), Distribution Channels (Direct to the consumer, Online liquor stores, Online grocery, Licensed Specialty Retailers, and Other Distribution Channels)) - By Industry Competition Analysis, Future Trends, Revenue and Forecast Till 2030."
According to the market research report's latest version, the global Alcoholic Beverage E-Commerce Platforms market size is valued at US$ 2.19 Billion in 2021, and it is expected to reach US$ 30.5 Billion in 2030, recording a promising CAGR of 34.3% from 2022 to 2030.

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Internet's pervasiveness has facilitated the expansion of e-commerce in the food and beverage services market. Businesses can reach new markets and increase sales and revenue by selling online. Emerging technology has created a new trend and experience for consumers to purchase and receive home delivery of various types of alcoholic beverages. Due to the increasing number of online grocery stores, online liquor stores, and online specialty retailers, e-commerce for alcoholic beverages is increasing in popularity.

In addition, the COVID-19 pandemic has a positive effect on the e-commerce industry for alcoholic beverages. During the Covid-19 pandemic, premiumization increased significantly as consumers sought to recreate similar bar and restaurant experiences at home. Product innovation, rising levels of affluence and disposable income, and an increased desire to sample new experiences and ingredients fuel premiumisation. In recent years, the online channel has expanded substantially, fueled by the rise of consumer spending online and the expansion of online alcohol offerings by retailers. Consumption has shifted from bars and restaurants to homes as a result of the COVID-19 pandemic, resulting in an enormous sales increase for the alcohol e-commerce industry.

On the online platform, the availability of an extensive selection of alcoholic beverages is anticipated to be a key factor driving market expansion. Increased alcohol consumption and internet penetration are anticipated to stimulate market expansion. In addition, the prevalence of smartphones is growing rapidly. During the forecast period, the introduction of alcoholic ready-to-drink premixes with natural and health-promoting elements and an increased preference for convenient product delivery are anticipated to create significant growth opportunities. During the forecast period, it is anticipated that the inclination of businesses toward the online platform to facilitate consumer access, as well as the rapid digitalization in numerous emerging economies, will experience exponential growth.

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Geographically, the North American region is expected to dominate the market over the forecast period due to the increasing e-Commerce liquor platforms and fast adoption of modern technologies. Similarly, the Asia Pacific region is also expected to show the most rapid growth due to the changing lifestyle patterns and increasing online delivery applications.

Some of the key players of the Alcoholic Beverage E-Commerce Platforms market are Drizly, Wine.com, Total Wine, Minibar, Fresh Direct, BevMo! Corporation, Safeway, Harris Teetar, Walmart To Go, Delivery.com, Vivino, Thirstie, Danta, Naked Wines, Lot18 , WineAccess , Flaviar , Winc , Saucey, Bright Cellars, City Hive Inc., Handoff, SevenFifty, Bottlecapps, Provi, Peapod, DRINKS, and Other Prominent Players.

Key Developments:
In Oct 2021, Uber Technologies, Inc. completed the acquisition of Drizly. Through this acquisition, two companies are planning to integrate their complementary delivery apps and services. The acquisition accelerates Uber's efforts to monetize its grocery operations in a similar manner, which is a vital component of making that business model profitable. Drizly has experience selling ad inventory to Consumer Packaged Goods (CPG) companies, ensuring that Uber offers a complete grocery offering (i.e. including alcohol) in almost every major market.

In April 2021, Bottlecapps, the fastest-growing full-service e-commerce developer for the beverage alcohol industry, announced the expansion of its offerings with its free alcohol delivery platform, BottleRover. BottleRover is the first of its kind to offer free delivery with zero costs for both the end-users and participating liquor stores.

In June 2021, Bright Cellars, an e-commerce wine membership service, announced a partnership with the It Gets Better Project. This partnership intends to raise a glass to individual experiences and continue working toward inclusivity and acceptance among LGBTQ+ young people worldwide. During June, Bright Cellars will donate 50% of proceeds from this campaign to help support the Its Gets Better Project to expand its storytelling initiatives, educational programming, and global affiliate network.

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Market Segments
Global Alcoholic Beverage E-Commerce Platforms Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2030 based on Products
• Wine
• Beer
• Distilled Spirits
• Hard Kombucha
• Hard Seltzers
• Cocktails and Long Drinks
• Other RTD/ Flavored Products

Global Alcoholic Beverage E-Commerce Platforms Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2030 based on Applications
• Commercial
• Residential

Global Alcoholic Beverage E-Commerce Platforms Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2030 based on Distribution Channels
• Direct to consumer
• Online liquor stores
• Online grocery
• Licensed Specialty Retailers
• Other Distribution Channels

Global Alcoholic Beverage E-Commerce Platforms Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2030 based on Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Alcoholic Beverage E-Commerce Platforms market revenue (US$ Billion) by Country, 2022 to 2030
• The U.S.
• Canada

Europe Alcoholic Beverage E-Commerce Platforms market revenue (US$ Billion) by Country, 2022 to 2030
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Alcoholic Beverage E-Commerce Platforms market revenue (US$ Billion) by Country, 2022 to 2030
• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Alcoholic Beverage E-Commerce Platforms market revenue (US$ Billion) by Country, 2022 to 2030
• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa Alcoholic Beverage E-Commerce Platforms market revenue (US$ Billion) by Country, 2022 to 2030
• South Africa
• GCC Countries
• Rest of the Middle East & Africa

Why should buy this market research report:
 To receive a comprehensive analysis of the prospects for the global Alcoholic Beverage E-Commerce Platforms market
 To receive industry overview and future trends of Alcoholic Beverage E-Commerce Platforms market
 To analyze the Alcoholic Beverage E-Commerce Platforms market drivers and challenges
 To get information on Alcoholic Beverage E-Commerce Platforms market size value (US$ Mn) forecast till 2030
 Major Investments, Mergers & Acquisition in Alcoholic Beverage E-Commerce Platforms market industry

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