Alcoholic Beverage Market

Global Alcoholic Beverage Market by Categories (Beer, Spirits [Baijiu, Gin, Liqueurs, Rum, Tequila, Whiskey, Vodka, and Others], and Wine [Still Light Wine and Sparkling Wine]), Alcoholic Contents (Low, Medium, and High), Flavors (Flavored and Unflavored), Packaging Types (Plastic Bottles, Tins, Glass Bottles, and Others), Distribution Channels (Convenience Stores, Online, On-trade, Supermarkets & Hypermarkets, Specialist Retailers, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

  • Report ID: FB-2827
  • Author: Growth Market Reports
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  • No. Of Pages: 202
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The global alcoholic beverage market is expected to register a high CAGR during the forecast period, between 2021 and 2028. An alcoholic beverage is a beverage produced by combining ethanol with grains, fermented fruits, and sugar. Wines and ciders are prepared from fermented fruit, whereas spirits and beers are made from fermented rye and barley respectively. The alcoholic content and flavor of the beverage are influenced by the amount of time it is aged and the container in which it is fermented.

Alcoholic Beverage Market summary

Market Trends, Drivers, Restraints, and Opportunities:

  • The developments in the manufacturing of vodka, beer, flavored wine, and cocktails, and beverage tastes boost the market growth.
  • Increase in the number of brewers and wineries globally is driving the market expansion.
  • The innovation in honey-derived products to produce unique alcoholic drinks for consumers can spur the market growth.
  • Rising global young–adult demographic, an increase in consumer demand for premium/super-premium products, and growing disposable income are major factors fueling the future growth.
  • People are adopting new cultures and are open to experiment with new food and beverage options, which can foster the expansion of alcoholic beverages market.
  • High cost of premium/super-premium products is projected to hinder market expansion in the near future.
  • Growing demand for non-alcoholic beverages such as energy drinks, RTD tea, and coffee, due to health concerns, is projected to hamper market expansion in the future.
  • Increasing demand for alcoholic beverages with health benefits, herbs, and gluten-free alcoholic beverages can create lucrative opportunities for the market.

Scope of the report:

The report on the alcoholic beverage market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Global Alcoholic Beverage Market - Industry Analysis, Size, Share, Growth, Trends And Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Categories (Beer, Spirits [Baijiu, Gin, Liqueurs, Rum, Tequila, Whiskey, Vodka, and Others], and Wine [Still Light Wine and Sparkling Wine]), Alcoholic Contents (Low, Medium, and High), Flavors (Flavored and Unflavored), Packaging Types (Plastic Bottles, Tins, Glass Bottles, and Others), Distribution Channels (Convenience Stores, Online, On-trade, Supermarkets & Hypermarkets, Specialist Retailers, and Others)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

Bacardi Limited; Heineken Holding NV., Constellation Brands, Inc., Anheuser-Busch InBev, Diageo Plc, Carlsberg Group, Pernod Ricard SA, Suntory Holdings Ltd., Molson Coors Brewing, and United Breweries Ltd. 

Alcoholic Beverage Market Segment Insights:

Beer segment is projected to hold significant market share

Based on categories, the alcoholic beverage market can be segmented into beer, spirits, and wine. The spirits segment can be further fragmented into baijiu, gin, liqueurs, rum, tequila, whiskey, vodka, and others. Additionally, the wine segment can be segregated into still light wine and sparkling wine. The beer segment is projected to hold significant market share due to health advantages; for instance, barley and hops are high in numerous important nutrients Furthermore, these substances impart antioxidant and bone-strengthening, which has led to an increase in its consumption.

Alcoholic Beverage Market categories

Low segment is anticipated to account for a substantial share

On the basis of alcohol contents, the alcoholic beverage market can be segregated into low, medium, and high. The low segment is anticipated to account for a substantial share. Low alcohol beer with bolder and exotic flavors combined with substances that aid in conforming to the taste of regular beer is widely being consumed among customers. Furthermore, the increased preference  for low alcohol beer as an alternative for alcoholic beverages among millennial has fueled its sales.

Flavored segment to exhibit a high CAGR

In terms of flavors, the alcoholic beverage market can be bifurcated into flavored and unflavored. The flavored segment is estimated to exhibit a high CAGR during the forecast period. The development of low-calorie and alcohol-free varieties, as well as novel flavors such as peach, blueberry, chocolate, strawberry, and lemon, are projected to be important trends driving the segment expansion.

Glass bottles segment is estimated to hold significant market share

Based on packaging types, the alcoholic beverage market can be segmented into plastic bottles, tins, glass bottles, and others. The glass bottles segment is estimated to hold a significant market share due to primary choice for alcoholic packaging as it’s dependable, sustainable, healthful, and premium beverage. Glass is non-porous, sturdy, oxygen-impermeable, and heat tolerant, which helps in maintaining beer flavor.

Alcoholic Beverage Market packaging types

Supermarkets & hypermarkets segment to expand at a robust pace during the projected timeline

On the basis of distribution channels, the alcoholic beverage market can be segmented into convenience stores, online, on-trade, supermarkets & hypermarkets, specialist retailers, and others. The supermarkets & hypermarkets segment is expected to register a robust pace during the projected timeline. With increased urbanization in numerous emerging economies, the number of supermarkets is increasing in practically all major cities. Furthermore, the availability of low-cost items and the availability of a wide selection of alcoholic beverages in supermarkets promote the expansion of the market. Additionally, the high visibility and appealing assortment of alcoholic beverages, an increase in consumer disposable income, and changes in consumer preferences toward luxury items contribute to the expansion of this distribution segment.

Alcoholic Beverage Market distribution channels

North America is expected to dominate the market

In terms of regions, the alcoholic beverage market can be classified as Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America is expected to dominate the market. Alcoholic beverage consumption in North America is estimated to rise due to an increase in the young–adult population and increased consumption of high-quality alcoholic beverages. On the other hand, rising markets such as China and India are anticipated to considerably increase consumption of alcoholic beverage demand  due to a significant increase in disposable income.

Alcoholic Beverage Market region

Segments

Segments Covered in the Report:
By Categories

  • Beer
  • Spirits
    • Baijiu
    • Gin
    • Liqueurs
    • Rum
    • Tequila
    • Whiskey
    • Vodka
    • Others
  • Wine
    • Still Light Wine
    • Sparkling Wine

By Alcoholic Contents

  • Low
  • Medium
  • High

By Flavors

  • Flavored
  • Unflavored

By Packaging Types

  • Plastic Bottles
  • Tins
  • Glass Bottles
  • Others

By Distribution Channels

  • Convenience Stores
  • Online
  • On-trade
  • Supermarkets & Hypermarkets
  • Specialist Retailers
  • Others

By Regions

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

By Key Players

  • Bacardi Limited; Heineken Holding NV.
  • Constellation Brands, Inc.
  • Anheuser-Busch InBev
  • Diageo Plc
  • Carlsberg Group
  • Pernod Ricard SA
  • Suntory Holdings Ltd.
  • Molson Coors Brewing
  • United Breweries Ltd.

 

Competitive Landscape

Key players in the alcoholic beverage market are Bacardi Limited; Heineken Holding NV., Constellation Brands, Inc., Anheuser-Busch InBev, Diageo Plc, Carlsberg Group, Pernod Ricard SA, Suntory Holdings Ltd., Molson Coors Brewing, and United Breweries Ltd. These players have widely engaged in several market development strategies such as collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

Alcoholic Beverage Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Alcoholic Beverage Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Alcoholic Beverage Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Alcoholic Beverage Market - Supply Chain
  4.5. Global Alcoholic Beverage Market Forecast
     4.5.1. Alcoholic Beverage Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Alcoholic Beverage Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Alcoholic Beverage Market Absolute $ Opportunity
5. Global Alcoholic Beverage Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Alcoholic Beverage Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Alcoholic Beverage Demand Share Forecast, 2019-2026
6. North America Alcoholic Beverage Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Alcoholic Beverage Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Alcoholic Beverage Demand Share Forecast, 2019-2026
7. Latin America Alcoholic Beverage Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Alcoholic Beverage Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Alcoholic Beverage Demand Share Forecast, 2019-2026
8. Europe Alcoholic Beverage Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Alcoholic Beverage Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Alcoholic Beverage Demand Share Forecast, 2019-2026
9. Asia Pacific Alcoholic Beverage Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Alcoholic Beverage Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Alcoholic Beverage Demand Share Forecast, 2019-2026
10. Middle East & Africa Alcoholic Beverage Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Alcoholic Beverage Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Alcoholic Beverage Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Alcoholic Beverage Market: Market Share Analysis
  11.2. Alcoholic Beverage Distributors and Customers
  11.3. Alcoholic Beverage Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Bacardi Limited; Heineken Holding NV.
     11.4.2. Constellation Brands, Inc.
     11.4.3. Anheuser-Busch InBev
     11.4.4. Diageo Plc
     11.4.5. Carlsberg Group
     11.4.6. Pernod Ricard SA
     11.4.7. Suntory Holdings Ltd.

Segments Covered in the Report:
By Categories

  • Beer
  • Spirits
    • Baijiu
    • Gin
    • Liqueurs
    • Rum
    • Tequila
    • Whiskey
    • Vodka
    • Others
  • Wine
    • Still Light Wine
    • Sparkling Wine

By Alcoholic Contents

  • Low
  • Medium
  • High

By Flavors

  • Flavored
  • Unflavored

By Packaging Types

  • Plastic Bottles
  • Tins
  • Glass Bottles
  • Others

By Distribution Channels

  • Convenience Stores
  • Online
  • On-trade
  • Supermarkets & Hypermarkets
  • Specialist Retailers
  • Others

By Regions

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

By Key Players

  • Bacardi Limited; Heineken Holding NV.
  • Constellation Brands, Inc.
  • Anheuser-Busch InBev
  • Diageo Plc
  • Carlsberg Group
  • Pernod Ricard SA
  • Suntory Holdings Ltd.
  • Molson Coors Brewing
  • United Breweries Ltd.

 

Key players in the alcoholic beverage market are Bacardi Limited; Heineken Holding NV., Constellation Brands, Inc., Anheuser-Busch InBev, Diageo Plc, Carlsberg Group, Pernod Ricard SA, Suntory Holdings Ltd., Molson Coors Brewing, and United Breweries Ltd. These players have widely engaged in several market development strategies such as collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

Alcoholic Beverage Market keyplayers

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