Global Alcoholic Beverages Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

"The Global Alcoholic Beverages Market size is expected to be worth around US$ 25752 million by 2022 from US$ 65875 million in 2031, growing at a CAGR of 11.00% during the forecast period 2021 to 2031."

MarketResearch.biz delivers in-depth insights on the global alcoholic beverages market in its upcoming report titled, “Global Alcoholic Beverages Market Trends, Applications, Analysis, Growth, and Forecast: 2022 to 2031”. The global alcoholic beverages market is estimated to register a CAGR of 11.00% in terms of value during forecast period 2022–2031. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global alcoholic beverages market report has been segmented on the basis of product type, species, livestock, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

An alcoholic beverage is type of drink that contains ethanol or ethyl alcohol as an intoxicating agent. Alcoholic beverages are prepared by fermentation of fruits, grains, berries or addition of sugar.  It plays an important role in many cultural events and also consumed for recreational purposes. Alcoholic beverages include beer, wine, distilled spirits, etc.  Moderate alcohol drinking can be beneficial to the individual’s health as it reduces risk of heart diseases, diabetes and ischemic stroke.

Rising alcoholic beverage consumption owing to its popularity is a major factor driving the growth of the global alcoholic beverages market. Increasing young population and rising number of restaurants, recreational clubs and lounges are the key factors fueling the demand of the alcoholic beverages and drives the growth of the global market. Increasing urban population coupled with rising disposable income are also factors propelling the demand of alcoholic beverages in the diet. Busy lifestyle and increasing work pressure are another factor compelling adult population for alcohol beverage consumption. Increasing demand for premium alcoholic beverage and rising demand for healthy alcoholic drinks are factors expected to bolster the growth of the global market over the forecast period.

However, adverse health effects owing to over consumption of alcoholic beverages and rising health concerns over regular alcoholic beverage consumption are major factors may hamper the growth of the global alcoholic beverages market.

Development of cost-effective flavored alcoholic beverages and small, compact packaging can create higher revenue opportunities for players in the target market.

The market in Europe accounts for largest market share in terms of revenue and is expected to maintain its dominance in the near future, owing to cold weather conditions and increasing regular alcoholic beverage consumption in diet among individuals in this region. The market in North America is expected to account for a second-highest share in the market in terms of revenue over the forecast period, owing to the presence of major players in the market in the region. The market in Asia Pacific is expected to witness a significant growth, owing rising popularity of alcoholic beverages and increasing disposable income in the region.

Global Alcoholic Beverages Market Segmentation:

Segmentation by product type:

• Beer
• Wine and Champagne
• Distilled Spirits
• Others (Caffeinated alcoholic beverages, alcoholic energy drinks, Alcopops, etc.)

Segmentation by packaging:

• Bottle
• Cans
• Others (Pouches, Draught, etc.)

Segmentation by distribution channel:

• Supermarkets and Hypermarkets
• Convenient Stores
• Specialty Stores
• Restaurants and Recreational Clubs
• Online Stores

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa