Alcoholic Beverages Market Giants Spending Is Going to Boom

MarkNtel Advisors has released a research report on the Alcoholic Beverages Market Size, Share, Analysis, Research, Report 2027. The research segment utilizes efficient methodologies to convey sales and revenue forecasts for the specified years, enhancing user understanding and supporting well-informed decision-making. Through a combination of qualitative and quantitative data, this report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges. To familiarize both existing businesses and new entrants with the present market scenario, the report delivers detailed growth prospects for the industry and concise insights into competitors.

Alcoholic Beverages Market Insights:

The Global Alcoholic Beverages Market is projected to grow at around 3.2% CAGR during the forecast period, i.e., 2022-27.

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Key Driver: Growing Beer Consumption due to Westernization & Increasing Disposable Income

The gradually improving purchase power of people, especially across regions like Asia-Pacific & South America, is leading to the burgeoning popularity & sales of alcoholic beverages like beer, which, in turn, is driving the Global Alcoholic Beverages Market. Besides, the rising influence of western culture on people across different countries in these regions is another prominent factor augmenting the demand for alcoholic beverages and stimulating the overall market growth.

Possible Restraint: Easy Availability of Non-Alcoholic & Energy Drinks

With the surging awareness about the ill effects of alcohol consumption, there's a shift in consumer preference toward non-alcoholic & energy drinks owing to their easy availability & no reported health risks, i.e., the prime growth restraint for the Global Alcoholic Beverages Market during w022-27.

Moreover, with restrictions on advertising alcoholic beverages on national television across different countries, the leading market players are facing severe difficulties in expanding their brand. However, the allowance to use surrogate products under the brand name for marketing is a relief for manufacturers.

Leading Companies Operating in the Alcoholic Beverages Industry:

-Anheuser-Busch InBev

-Asahi Group Holdings Ltd

-Bacardi Limited

-Boston Beer Company Inc.

-Carlsberg Group

-Constellation Brands Inc.

-Diageo PLC

-Heineken Holding NV

-Molson Coors Brewing Company

-Suntory Beverage & Food Limited

-Others

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Alcoholic Beverages Market Categorization:

The Alcoholic Beverages Market exhibits a high degree of fragmentation, categorizing into distinct segments as follows:

By Product Type

-Beer (Based on Alcohol Percentage)

--Less than 8%

--More than 8%

--Others

-Spirits

--Rum

--Vodka

--Whiskey

--Others (Gin, Brandy, Tequila, etc.)

-Wines

By Distribution Channel

-On-Trade

--Bars & Restaurants

--Nightclubs

--Hotels

--Others

-Off-Trade

--Hypermarkets & Supermarkets

--Specialty Stores

--Others

By Packaging

-Bottles

-Tin Cans

-Others

By Region

-North America

-South America

-Europe

-Middle East & Africa

-Asia-Pacific

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Frequently Asked Questions (FAQs)

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What are the projected valuations in USD, and what is the CAGR for the forecasted years?

About Us:

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfill their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.