Press release
Alcoholic - Beverages Global Market Report 2024 - By Size, Growth, Share, Trends, Forecast To 2033
Alcoholic - Beverages
The Business Research Company offers in-depth market insights through Alcoholic Beverages Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The alcoholic - beverages market size has grown strongly in recent years. It will grow from $516.72 billion in 2023 to $545.8 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to globalization of beverage brands, marketing and branding strategies, craft and artisanal movement, legal and regulatory changes, innovation in flavors and ingredients.
The alcoholic - beverages market size is expected to see strong growth in the next few years. It will grow to $668.7 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to sustainable and eco-friendly practices, health-conscious consumer choices, cannabis*-infused beverages, regional and craft distilleries, rise of non-traditional ingredients. Major trends in the forecast period include ready-to-drink (rtd) beverages, digital platforms for alcohol delivery, digital marketing and social media influence, cocktail culture and mixology.
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Market Segmentation:
The alcoholic - beverages market covered in this report is segmented -
1) By Type: Beer, Wine And Brandy, Spirits
2) By Category: Mass, Premium
3) By Distribution Channel: Off-Trade Channels, On-Trade Channels
Subsegments Covered: Ales, Lagers, Stouts & Porters, Malts, Wine, Brandy, Whiskey, Vodka, Rum, Tequila, Gin, Other Spirits
Major Driver - Population Growth Driving Demand For Alcoholic Beverages
The world's population is growing and is expected to reach 10 billion by 2050. An increase in the population creates more demand for alcoholic beverages. Crop production, farming activities, and trade volumes will have to increase in order to meet the increased population. Therefore, companies in this market are expected to benefit from rising demand for alcoholic - beverages products due to the rising population during the forecast period.
Competitive Landscape:
Major companies operating in the alcoholic - beverages market report are Pernod Ricard SA, Anheuser-Busch InBev NV/SA, Mark Anthony Group of Companies, Heineken N.V., Asahi Group Holdings Ltd., Diageo plc, Suntory Holdings Limited, kirin holdings co. ltd., The Molson Coors Brewing Company, Constellation Brands Inc., E. & J. Gallo Winery, Brown-Forman Corporation, Davide Campari-Milano N.V., Jose Cuervo, Thai Beverage Public Company Limited, William Grant & Sons Ltd., Distell Group Limited, Treasury Wine Estates Limited, Remy Cointreau SA, United Spirits Ltd., The Edrington Group Limited, Accolade Wines Holdings Australia Pty. Ltd., The Wine Group Inc., Beam Suntory Inc., Bacardi Limited, Halewood Wines & Spirits, Mast-Jägermeister SE, China Resources Snow Breweries Ltd., Tequila Patrón, Carlsberg Breweries Group, Coca-Cola Amatil Limited, Stock Spirits Group PLC, Roust Corporation, Lucas Bols N.V., Central European Distribution Corporation
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Top Trend - Alcoholic Beverage Manufacturers Embrace Hybrid Blends
Alcoholic beverage manufacturers are now offering ready-to-mix hybrid beverages to cater to changing consumer tastes and preferences. Hybrid beverages are a blend of alcoholic drinks from multiple beverage categories. They are prepared by using unique flavor combinations, ingredients, and production methods from multiple drinks. For example, producing spirits or beers in a wine barrel to give them a distinct taste. Hybrid beverages are particularly evident in the spirit category, with products such as beer mixed with rum and tea mixed with vodka. Some of the popular hybrid beverages on the market include Malibu Red (rum and tequila), Kahlua Midnight (rum and Kahlua), and Absolut Tune (vodka and sparkling wine).
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Alcoholic Beverages Market Characteristics
3. Alcoholic Beverages Market Trends And Strategies
4. Alcoholic Beverages Market - Macro Economic Scenario
5. Alcoholic Beverages Market Size And Growth
…..
27. Alcoholic Beverages Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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