Press release
Soaring Global Alcoholic Beverages Market: 5.5% CAGR, Key Drivers, and Emerging Trends
Alcoholic - Beverages Market
What Is The Projected Market Size Of The Global Alcoholic - Beverages Market And Its Growth Rate?
The global alcoholic beverages market has seen robust growth in the past and is set to continue its upward trajectory:
- The market grew from $544.19 billion in 2024 to $573.98 billion in 2025, fueled by globalization of beverage brands, innovative marketing strategies and changes in legal and regulatory landscapes.
- By 2029, the market is projected to reach $709.13 billion at a CAGR of 5.4%, driven by continued sustainable and eco-friendly practices, health-conscious consumer choices, cannabis*-infused beverages, craft distilleries, and rise of non-traditional ingredients.
What Is Driving The Growth In The Alcoholic - Beverages Market?
The population boom is a key driver for the alcoholic beverages market. As the world anticipates hitting a population of 10 billion by 2050, there is an expected increase in the demand for alcoholic beverages. This rise in demand necessitates a bump in crop production, farming activities and trade volumes, promising bright prospects for companies in the alcoholic beverages market.
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Who Are the Key Players Driving Alcoholic - Beverages Market Growth?
Top players in the alcoholic beverages market include:
- 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., and more.
What Are The Key Trends In The Alcoholic - Beverages Market?
Some significant trends that the market is observing:
- Rising popularity of ready-to-drink (RTD) beverages
- Use of digital platforms for alcohol delivery
- Influence of digital marketing and social media
- Emerging cocktail culture and mixology
What Are The Segments Of The Global Alcoholic - Beverages Market?
The global alcoholic beverages market is bifurcated on the basis of:
- Type: Beer, Wine And Brandy, Spirits
- Category: Mass, Premium
- Distribution Channel: Off-Trade Channels, On-Trade Channels
Which Region Leads The Alcoholic - Beverages Market?
Asia-Pacific grabbed the top spot in the alcoholic beverages market in 2024, closely followed by Western Europe. The report covers regions like Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Alcoholic - Beverages Market Global Market Report?
- Market Size Analysis: Analyze the Alcoholic - Beverages Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Alcoholic - Beverages Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Alcoholic - Beverages Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Alcoholic - Beverages Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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