Alcoholic – Beverages Market Growth Trajectory Through 2024-2033

The Alcoholic – Beverages Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Alcoholic – Beverages Global Market Report 2024, 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.

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.

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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

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 alcoholic – beverages market report table of contents includes:

1. Executive Summary
2.Alcoholic – Beverages Market Characteristics
3.Alcoholic – Beverages Market Trends And Strategies
4.Alcoholic – Beverages Market analysis
5.Alcoholic – Beverages Market Size And Growth
6.Alcoholic – Beverages Segmentation
7.Alcoholic – Beverages Regional And Country Analysis
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27.Alcoholic – Beverages Competitive Landscape And Company Profiles
28.Alcoholic – Beverages Key Mergers And Acquisitions
29.Alcoholic – Beverages Future Outlook and Potential Analysis

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