Global Alcoholic Beverages Market Report 2021: The Market Was
Dublin, March 25, 2022 (GLOBE NEWSWIRE) — The “Global alcoholic beverages market, by product (beer, vodka, whisky, wine, rum and others (gin, tequila, brandy, Breezer, etc.)), by type of ‘Packaging (Bottles and Can), By Distribution Channel, By Region, Competition Forecast and Opportunities, 2026’ report has been added to from ResearchAndMarkets.com offer.
Global Alcoholic Beverages Market was valued at USD 470.20 Billion in 2020 and is projected to reach USD 695.01 Billion by 2026F, registering a CAGR of 6.92% during the forecast period.
The global alcoholic beverages market is driven by growth in per capita income, changing consumer mindsets, increasing youth population, and rising premium of alcoholic beverages. Nowadays, customers are increasingly prioritizing quality over quantity. Consumers are looking for a healthier and more balanced lifestyle and younger generations are even more concerned about their well-being and eager to share convivial moments.
Additionally, they are asking for clarification and demanding higher standards in areas such as sustainable production processes, carbon footprints, eco-friendly packaging, and more. Thus, manufacturers now find an opportunity to sell alcoholic beverages at higher prices.
Additionally, companies are expanding their product portfolio into low/no alcohol, low sugar, and calorie categories. They clearly communicate product content and educate customers about moderate drinking and develop products with sustainably grown ingredients to maintain a strong consumer base in the alcohol industry, globally.
On the basis of product, beer accounted for the majority of the market share in the global alcoholic beverages market owing to the availability of beers of various flavors at lower prices across the globe. In a country like Japan, there are several types of beer drinks that have emerged in recent years, namely happoshu and a new kind of beer.
Due to taxation issues, these drinks are taxed less because they contain less or no malt and can therefore be sold at lower prices. On the basis of distribution channel, the global alcoholic beverages market is segmented into liquor stores, on-premises, convenience stores, hypermarkets/supermarkets, online sales channels, and others.
Among them, liquor stores accounted for the majority of the market share of around 30% in the global liquor market, followed by local due to the presence of various licensed liquor stores across the globe. .
Regionally, Europe accounted for the majority of the global alcoholic beverages market share in 2020, followed by North America and Asia-Pacific. This can be attributed to the increase in sales of premium wines in countries like Germany, France, Italy, etc. in Europe.
In countries like the United States, alcoholic beverages including beer and wine are usually preferred by many people at social events such as birthdays, festivals, business meetings, funerals single life and family reunions, etc., which led to the growth of alcoholic beverages. market in North America.
To stay competitive in the market, companies are continuously engaged in mergers and acquisitions, product developments, new product launches, and other strategic developments. In 2019, the brand named The Glenlivet launched the “Original by Tradition” campaign to show how the brand defined new ways to enjoy the single malt beyond misconceptions and gender stereotypes.
The major players operating in the global alcoholic beverages market are Anheuser-Busch InBev, Heineken Holding NV, Diageo, Kweichow Moutai Co. Ltd., Pernod Ricard and others.
Goal of the study:
- To analyze historical growth in market size of global alcoholic beverages market from 2016 to 2020.
- Estimate and forecast the market size of global Alcoholic Beverages Market from 2021 to 2026 and the growth rate till 2026.
- To define, classify and forecast the global alcoholic beverages market based on product, type of packaging, distribution channel, region and company.
- To identify the dominant region or segment in the global alcoholic beverages market.
- Identify drivers and challenges in the Global Alcoholic Beverages Market.
- Review competitive developments such as expansions, new product launches, mergers and acquisitions, etc. in the global Alcoholic Beverages market.
- To identify and analyze the profile of key players operating in the global Alcoholic Beverages Market.
Company Profiles: Detailed analysis of the major companies present in the global alcoholic beverages market.
- Anheuser-Busch InBev
- Heineken Holding AG
- Diageo PLC
- Kweichow Moutai Co. Ltd.
- Pernod Ricard SA
- Molson Coors Beverage Company
- CARLSBERG GROUP
- Thai Beverage Plc
- Asahi Group Holdings, Ltd.
- Kirin Holdings Company, Limited
Years considered for this report:
- Historical years: 2016-2019
- Reference year: 2020
- Estimated year: 2021E
- Forecast period: 2022F-2026F
Global alcoholic beverages market, by product:
- Others (Gin, Tequila, Brandy, Breezer, etc.)
Global Alcoholic Beverages Market, By Packaging Type:
Global alcoholic beverages market, by distribution channel:
- liquor stores
- On the site
- convenience stores
- Online sales channel
- Others (Direct Sales, Airport Shops, etc.))
Global alcoholic beverages market, by region:
- North America
- United States
- Asia Pacific
- South Korea
- South America
- Middle East and Africa
- South Africa
- United Arab Emirates
For more information about this report visit https://www.researchandmarkets.com/r/p5ucez
Global alcoholic beverages market