Alcoholic – Beverages Market Growth Outlook Through 2024-2033

An alcoholic beverage is a potable liquid that contains ethanol which is prepared by fermenting fruits, grains, and others.

Sizing and Forecast
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.

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Segmentation & Regional Insights
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

The Asia-Pacific was the largest region in the alcoholic – beverages market in 2023. 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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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the alcoholic – beverages market report are 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, Coca-Cola Amatil Limited, Stock Spirits Group PLC, Roust Corporation, Lucas Bols N.V., Central European Distribution Corporation

The alcoholic – beverages market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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