Alcoholic Beverages Market by Type (Beer, Distilled Spirits, Wine, and Others) and Distribution Channel (Convenience Stores, On Premises, Liquor Stores, Grocery Shops, Internet Retailing, and Supermarkets): Global Trends Analysis and Industry Forecast, 2020 - 2027
|ID: VPR/F&B/132||Publishing Year: December 2020||Pages: 197||Format:|
Global Alcoholic Beverages Market was valued at $ XX billion in 2019, and is expected to reach $ XX billion by 2027, registering a CAGR of XX% from 2020 to 2027.Consumption of alcohol plays important role in many cultures across the globe. Alcohol is one of the most widely used recreational drinks in the world. A small number has gradually evolved as commodities and are produced on a large scale commercial purpose. On a global level beer from barley is the most known member of the family followed by wine from grapes, distilled spiritsrum, whiskey, vodka and others.
NORTH AMERICA, EUROPE, ASIA-PACIFIC, LAMEA
FASTEST GROWING MARKET
MAJOR KEY PLAYER
Anheuser-Busch , Bacardi Limited, Beam Suntory Inc., Constellation Brands Inc., Diageo Plc., Heineken Holding NV, Molson Coors Brewing Co., Pernod Ricard SA, SABMiller Ltd., and United Spirits Ltd.
The Alcoholic Beverage Market is driven by young-adult as pre demographic reports and increase in consumer demand for premium brands grew as compared to non-premium brands. However, the increase in the cost of the premium products and production of non-Alcoholic Beverages, owing to increasing health concerns may restrict the growth of the market. Furthermore the different distribution channels and large number of retailers are expected to earn higher revenues in the year to come and anticipates in the future growth of the industry.
The Alcoholic Beverage Market is segmented by Type, Distribution Channels and region.
Based on the Type, market is classified into beer, wine, distilled spirits and others.
Based on Distribution Channels, convenience stores, on premises, liquor stores, grocery shops, internet retailing, and supermarkets.
Region wise, it is analyzed across North America, Europe, Asia-Pacific, and Lamea.
By Type Insight:
The Alcoholic Beverage Market is segmented by Type into Beer, Wine, Distilled Spirits and others. The adoption of distilled spirits is being significantly driven by rising in purchase and increasing in demand for beverages with natural flavors. These are flavored using herbs, fruits, chocolate and others. The wide range of flavors is leading a significant range of option for consumers.
By Distribution Channel:
The Alcoholic Beverage Market is segmented by convenience stores, on premises, liquor stores, grocery shops, internet retailing, and supermarkets .The marketing and branding strategies of these beverages are changing rapidly, because of which it is restricted not only to traditional media but also new media including podcast and internet. Rapid growth ingrocery shops in many cities are contributing in the distribution of Alcoholic Beverages.
The Alcoholic Beverage Market is segmented based on Regions, North America, Europe, Asia-Pacific, Lamea. Consumption of Alcoholic Beverages in North America is expected to increase as rapid growth in population. India and china are expected to witness a significant growth in Alcoholic Beverage Market during the forecast period. Europe is expected to grow at the highest rate which may get followed by Lamea.
Major Key Players of Global Alcoholic Beverage Market:
The Report provides a Comprehensive Analysis of the Key Players Operating in the Alcoholic Beverage Market, such as Anheuser-Busch, Bacardi Limited, Beam Suntory Inc., Constellation Brands Inc., Diageo Plc., Heineken Holding NV, Molson Coors Brewing Co., Pernod Ricard SA, SABMiller Ltd., and United Spirits Ltd. Major companies are planning product launch, branding strategy for their expansion.
Alcoholic Beverage Market Key Segments:
- By Type
- By Distribution Channel
- On premises
- Liquor stores
- Grocery shops
- Internet retailing
- Convenience stores
- By Region
- South Korea
- South Africa
Type Here for table of content.
Type Here for figure.