Alcoholic Beverage E-Commerce Platforms Market Vendor and Technology Assessment Report 2024-2031

Alcoholic Beverage E-Commerce Platforms Market worth $ 30.5 Billion by 2030 - Exclusive Report by InsightAce Analytic

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 most recent version of the market research study, the worldwide Alcoholic Beverage E-Commerce Platforms market is worth US$ 2.19 billion in 2021 and is predicted to grow to US$ 30.5 billion by 2030, with a promising CAGR of 34.3% from 2022 to 2030.

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The growth of e-commerce in the food and beverage services business has been accelerated by the widespread use of the internet. Selling online enables firms to reach new customers while increasing sales and income benefits. Emerging technology has created a new trend and experience for people to purchase different sorts of and have it delivered to their homes. The number of online grocery stores, liquor stores, and specialty sellers is increasing, as is the need for e-commerce for alcoholic beverages.
Furthermore, the COVID-19 pandemic benefits the E-Commerce sector for alcoholic beverages. During the Covid-19 pandemic, premiumization skyrocketed as customers sought new ways to replicate comparable experiences at home in pubs and restaurants. Premiumisation is driven by product innovation, which is supported by rising levels of affluence and disposable income, as well as a greater desire to sample new experiences and ingredients. The online channel has increased dramatically in recent years, owing to the pandemic boosting consumer spending online and retailers broadening the reach of their online alcohol offerings. The alcohol e-commerce industry is experiencing a tremendous increase in sales as a result of the altering drinking patterns caused by the COVID-19 pandemic, with consumption relocating from bars and restaurants to homes.
The simple availability of a wide variety of alcoholic beverages on the online platform is projected to drive market expansion. Increased alcohol consumption and internet penetration are predicted to have a beneficial impact on market growth. Furthermore, smartphone adoption is growing rapidly. The introduction of alcoholic ready-to-drink premixes including natural and health-promoting components, as well as increased demand for convenient product delivery, are expected to create considerable growth potential during the projection period. The trend of enterprises shifting to online platforms to get a better reach for their clients, combined with increasing digitalization in many emerging economies, is predicted to grow exponentially throughout the forecast period.

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Geographically, the North American region is likely to dominate the market during the forecast period, owing to the growth of e-Commerce liquor platforms and the rapid adoption of new technology. Similarly, the Asia Pacific area is predicted to experience the fastest growth due to shifting lifestyle patterns and increased internet 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

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This release was published on openPR.