Surging Alcohol Consumption Fuels Expansion Of Drinking Places (Alcoholic Beverages) Market: A Significant Driver Propelling The Drinking Places (Alcoholic Beverages) Market In 2025

The Drinking Places (Alcoholic Beverages) Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Drinking Places (Alcoholic Beverages) Market Size During the Forecast Period?
The market size for drinking establishments that serve alcoholic beverages has consistently expanded over the recent years. It's projected to increase from $158.92 billion in 2024 to $162.4 billion in 2025, reflecting a compound annual growth rate (CAGR) of 2.2%. This growth in the previous years is credited to various factors including evolving social and cultural trends, the state of the economy and disposable income levels, the expansion in the entertainment and leisure industry, variation in licensing and regulatory frameworks, and trends in the tourism and hospitality sector.

Expectations are for the market size of establishments selling alcoholic drinks to steadily increase in the coming years. By 2029, it is set to grow to a value of $187.97 billion, reflecting a compound annual growth rate (CAGR) of 3.7%. Several factors are contributing to this anticipated growth during the forecast period, such as evolving consumer lifestyles, innovative drink choices, a focus on local and craft goods, culinary and mixology trends, as well as health and wellness considerations. Notable trends in the forecast period encompass events and amusement programming, alliances with local food suppliers, utilising social media and influencer publicity, adapting to shifts in consumer behavior, and implementing sustainable and environmentally-friendly policies.

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What Are the Major Segments in the Drinking Places (Alcoholic Beverages) Market?
The drinking places (alcoholic beverages) market covered in this report is segmented -

1) By Product: Beverages, Foods
2) By Application: Men, Women

Subsegments:
1) By Beverages: Beer, Wine, Spirits (Liquor), Cocktails And Mixed Drinks
2) By Foods: Appetizers, Main Courses, Desserts, Snacks And Tapas

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What Are The Driving Drinking Places (Alcoholic Beverages) Market Evolution?
The rise in alcohol intake is playing a substantial role in propelling the growth of the drinking places (alcoholic beverages) market. The term alcohol consumption refers to the intake of drinks that contain ethyl alcohol. Social establishments like pubs and bars foster a convivial atmosphere, providing a safe venue for friends to meet and drink. Therefore, the surge in alcohol consumption directly influences the increase in sales for drinking venues like bars and pubs. For illustration, Statistics Canada, a national statistical agency based in Canada, reported in February 2023 that in 2023, sales of alcoholic drinks in retail outlets and liquor authorities witnessed a rise of 2.4% from the previous fiscal year, reaching $26.1 billion by the end of March 31, 2022. Sales of wine experienced a 2.1% rise to reach $8.1 billion during 2021 and 2022. The beer sector accounted for 34.9% of the total value of all alcohol sales in 2021-2022, followed by wine (31.3%), spirits (25.8%), ciders, and coolers (8.0%). Consequently, the mounting alcohol consumption is fuelling the expansion of the drinking places (alcoholic beverages) market.

Which Firms Dominate The Drinking Places (Alcoholic Beverages) Market Segments?
Major companies operating in the drinking places (alcoholic beverages) market include Boadas Cocktails, Kings Head Pub, Attaboy Holdings Ltd., Floreria Atlantico, Four Seasons Hotels Ltd., Hakkasan Group Ltd., J D Wetherspoon plc, Licoreria Limantour, Maybourne Hotel Group, McKs Tavern Co., Mitchells and Butlers plc, EIH Ltd., Public Call Office, The Atlas Bar Inc., The Cats Eye Pub, Trailer Happiness, Anheuser-Busch InBev Sa/NV, Diageo plc, Constellation Brands Inc., Pernod Ricard SA, Asahi Group Holdings Ltd., United Breweries Limited, Halewood International Holdings plc, Bacardi Limited, Brown-Forman Corporation, Carlsberg India Pvt. Ltd., China Resources Beer (Holdings) Company Limited, Compañía Cervecerías Unidas S.A., Craft Brew Alliance Inc., Distell Group Limited, Grupo Modelo S.A. de C.V., Kirin Holdings Company Limited, Molson Coors Beverage Company

What Trends Are Expected to Dominate the Drinking Places (Alcoholic Beverages) Market in the Next 5 Years?
A rising trend within the alcoholic beverage drinking places market is the growing emphasis on self-service beer taps. Businesses within this domain are implementing self-sufficient beer taps to enhance effectiveness and profitability. Dirty Dog Taphaus, a pub based in the United States, exemplified this trend in June 2022 by installing a 30-tap self-service beverage system, powered by iPourIt Radio Frequency Identification (RFID)-enabled self-pour technology. This system rotates a variety of craft ciders, beers, and seltzers.

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Which Is The Largest Region In The Drinking Places (Alcoholic Beverages) Market?
Europe was the largest region in the drinking places (alcoholic beverages) market in 2024. The regions covered in the drinking places (alcoholic beverages) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Drinking Places (Alcoholic Beverages) Market?
2. What is the CAGR expected in the Drinking Places (Alcoholic Beverages) Market?
3. What Are the Key Innovations Transforming the Drinking Places (Alcoholic Beverages) Industry?
4. Which Region Is Leading the Drinking Places (Alcoholic Beverages) Market?

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