Population Growth Driving Demand For Alcoholic Beverages Emerges as a Core Driver of the Alcoholic - Beverages Market in 2025

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What Will the Alcoholic - Beverages Industry Market Size Be by 2025?
The size of the market for alcoholic beverages has been expanding robustly in the recent past. The growth is expected to rise from $544.19 billion in 2024 and reach $573.98 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 5.5%. The previous growth is linked to factors such as the expansion of beverage brands across the globe, tactics in marketing and branding, the craft and artisanal movement, alterations in legal and regulatory frameworks, in addition to innovation in flavors and ingredients.

What's the Long-Term Growth Forecast for the Alcoholic - Beverages Market Size Through 2029?
In the coming years, the alcoholic-beverages market is expected to experience robust growth, expanding to a size of $709.13 billion by 2029 at a compound annual growth rate (CAGR) of 5.4%. This projected growth in the forecasted period is linked to factors such as the adoption of eco-friendly, sustainable practices, health-aware consumer preferences, the emergence of cannabis*-infused beverages, the popularity of regional and craft distilleries and the use of non-traditional ingredients. Anticipated trends for this period include a rise in ready-to-drink (RTD) beverages, the utilisation of digital platforms for alcohol delivery, the impact of digital marketing and social media, and the growing interest in cocktail culture and mixology.

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What Are the Key Growth Drivers Fueling the Alcoholic - Beverages Market Expansion?
The global population is on an upward trend, predicted to hit 10 billion by the year 2050. This population surge generates a higher demand for alcoholic drinks. As a consequence, there will be a necessity to ramp up crop production, agricultural operations, and trade quantities to accommodate this surge. Consequently, firms operating within this market are anticipated to gain from the increased demand for alcohol-based products spurred by the burgeoning population in the projected timeframe.

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What Are the Key Trends Driving Alcoholic - Beverages Market Growth?
Manufacturers of alcoholic beverages are responding to evolving consumer preferences by introducing ready-to-mix hybrid drinks. Hybrid beverages are concoctions that combine various types of alcoholic drinks. They are created by harnessing distinct flavors, ingredients, and production techniques from diverse beverages. An example of this would be ageing spirits or beers in a wine barrel to impart a unique flavor. The spirit category noticeably showcases these hybrid beverages with items like beer infusions with rum and vodka blends with tea. Notable examples of hybrid drinks available in the market are Malibu Red (a mixture of rum and tequila), Kahlua Midnight (a blend of rum and Kahlua), and Absolut Tune (a combination of vodka and sparkling wine).

How Is the Alcoholic - Beverages Market Segmented?
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:
1) By Beer: Lager, Ale, Stout and Porter, Craft Beer, Non-Alcoholic Beer, Cider
2) By Wine And Brandy: Red Wine, White Wine, Rosé Wine, Sparkling Wine, Dessert Wine, Brandy (Including Cognac and Armagnac)
3) By Spirits: Vodka, Whiskey, Rum, Gin, Tequila, Liqueurs

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Which Companies Are Leading the Charge in Alcoholic - Beverages Market Innovation?
Major companies operating 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., 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, Stock Spirits Group PLC, Roust Corporation, Lucas Bols N.V.

Which Regions Are Leading the Global Alcoholic - Beverages Market in Revenue?
Asia-Pacific was the largest region in the alcoholic - beverages market in 2024. Western Europe was the second-largest region in the alcoholic - beverages market. The regions covered in the alcoholic - beverages market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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