Global Alcoholic Beverages Market share is anticipated to be about US$ 2,749.11 Billion by 203. The CAGR for the market from 2024 to 2032 is 5.02%. The publisher states that it equaled to US$ 1,769.07 in 2023.
Alcoholic drinks comprise a massive group of beverages that incorporate various quantities of alcohol (ethanol). Alcoholic beverages produced on a business scale encompass beer, wine, and distilled spirits, including brandy, whisky, rum, gin, cognac, vodka, and tequila. The additives of alcoholic beverages are pretty complex, and over 1,300 compounds have been recognized in various drinks. Alcoholic beverages have a couple of purposes. There are three essential uses directly based on the physical properties of beverage alcohol as a substance. They are analyzed for dietary use, medicinal use, and use as an intoxicant. On average, 63% of American people who are 18 years of age or older reported drinking alcohol between 2021 and 2022. Gallup, Inc. also stated that "the rate of consumption jumps to 65% when limited to adults who are of legal drinking age (21)."
The area's significant younger adult population is a critical target for beverage organizations seeking to establish a contemporary image through focused advertising. The e-trade surge also transforms the enterprise. This gives platforms for established manufacturers and local producers to access wider client bases. Cultural and social norms vary throughout the diverse Asia-Pacific, shaping alcohol alternatives. For instance, China favors beer and conventional rice wine, while Japan consumes sake, often enjoyed with food alongside beer after work.
2. Distilled Spirits
3. Wine
4. Others
2. Tin
3. Plastic Bottle
2. On Premises
3. Liquor Stores
4. Grocery Shops
5. Internet Retailing
6. Supermarkets
1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherlands
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa
2. Carlsberg Group
3. Constellation Brands Inc.
4. Heineken N.V.
5. Molson Coors Beverage Company
6. Pernod Ricard SA
7. Suntory Holdings Limited
Alcoholic drinks comprise a massive group of beverages that incorporate various quantities of alcohol (ethanol). Alcoholic beverages produced on a business scale encompass beer, wine, and distilled spirits, including brandy, whisky, rum, gin, cognac, vodka, and tequila. The additives of alcoholic beverages are pretty complex, and over 1,300 compounds have been recognized in various drinks. Alcoholic beverages have a couple of purposes. There are three essential uses directly based on the physical properties of beverage alcohol as a substance. They are analyzed for dietary use, medicinal use, and use as an intoxicant. On average, 63% of American people who are 18 years of age or older reported drinking alcohol between 2021 and 2022. Gallup, Inc. also stated that "the rate of consumption jumps to 65% when limited to adults who are of legal drinking age (21)."
Global Alcoholic Beverages Market Growth Drivers
- Population growth and Increased Disposable Income
- Changing Tastes of Consumers
- The attention of Consumers towards Environmental Concerns
- Increase in Online Alcohol Sales
Asia-Pacific Alcoholic Beverages Market
The Asia-Pacific alcoholic beverages market is poised for rapid increase. This is buoyed by its substantial and expanding populace, especially in nations like China and India. The United Nations Population Fund's (UNFPA) “State of World Population Report, 2023” estimates that India's populace is predicted at 1.4286 Billion, barely exceeding China's 1.4257 Billion. The location's strengthening economies also foster a growing middle class with higher disposable earnings. This leads to elevated spending on discretionary items like alcoholic drinks. The IMF forecasts the Asia-Pacific area to develop by 4.6 percent in 2023 and 4.2 percent in 2024. This contributes extensively to international growth. These factors drive the burgeoning demand for alcoholic drinks in the Asia-Pacific area.The area's significant younger adult population is a critical target for beverage organizations seeking to establish a contemporary image through focused advertising. The e-trade surge also transforms the enterprise. This gives platforms for established manufacturers and local producers to access wider client bases. Cultural and social norms vary throughout the diverse Asia-Pacific, shaping alcohol alternatives. For instance, China favors beer and conventional rice wine, while Japan consumes sake, often enjoyed with food alongside beer after work.
Global Alcoholic Beverages Company News
The significant enterprises present in the global alcoholic beverages market are Anheuser-Busch InBev SA/NV, Carlsberg Group, Constellation Brands Inc., Heineken N.V., Molson Coors Beverage Company, Pernod Ricard SA, and Suntory Holdings Limited.- In January 2024 - Coca-Cola introduced lemon-dou, combining classic Japanese chuhai with the possibility of entering the Indian market. This introduced a new trend in India's beverage scene by combining global flavors with local preferences.
- In February 2024 - Tomintoul Single Malt Scotch Whisky introduced two limited-edition cask finishes: the 2009 14-year-old Cognac Cask Finish and the 2008 15-year-old Madeira Cask Finish. Handcrafted in the scenic Cairngorms National Park, each expression boasts a unique maturation profile, having undergone careful finishing in casks personally selected by Master Distiller Robert Fleming.
- In February 2024 - Smirnoff, in collaboration with hip-hop sensation Saweetie, is introducing exciting flavors and pairings to Las Vegas ahead of The Big Game to launch the new Smirnoff SMASH Vodka Soda. With four bold flavors, each containing just 100 calories, this debut ready-to-drink vodka soda is set to make an unprecedented impact.
- In December 2023 - Apothékary launched Wine Down™, a herbal red wine tincture transforming the alcohol alternative category. Packed with potent herbal ingredients like California poppy, blue vervain, tart cherry, elderberry, hawthorn berry, bilberry, and L-theanine, it evokes red wine vibes with rich berry and spice flavors. This alcohol-free, sugar-free, vegan option undergoes third-party testing, ensuring quality and safety.
- In November 2023 - The Duckhorn Portfolio, Inc. revealed its definitive agreement to purchase Sonoma-Cutrer Vineyards, a prominent luxury Chardonnay winery in the United States, from Brown-Forman Corporation. The transaction, valued at around US$ 400 Million, will be settled through a blend of Company stock and cash.
- In October 2023 - Treasury Wine Estates Ltd, a global wine leader, announced the acquisition of DAOU Vineyards, a renowned luxury wine brand founded by Georges and Daniel Daou. The deal, valued at US$ 900 Million upfront with a potential additional earn-out of up to US$ 100 Million, aims to bolster TWE's luxury-focused portfolio and expand its footprint in crucial growth markets like the U.S.
Type - Market breakup in 4 viewpoints:
1. Beer2. Distilled Spirits
3. Wine
4. Others
Packaging - Market breakup in 3 viewpoints:
1. Glass Bottle2. Tin
3. Plastic Bottle
Distribution Channel - Market breakup in 6 viewpoints:
1. Convenience Stores2. On Premises
3. Liquor Stores
4. Grocery Shops
5. Internet Retailing
6. Supermarkets
Country - Market breakup of 25 Countries:
1. North America1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherlands
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Anheuser-Busch InBev SA/NV2. Carlsberg Group
3. Constellation Brands Inc.
4. Heineken N.V.
5. Molson Coors Beverage Company
6. Pernod Ricard SA
7. Suntory Holdings Limited
Table of Contents
1. Introduction2. Research Methodology3. Executive Summary5. Global Alcoholic Beverages Market
4. Market Dynamics
6. Market Share - Global Alcoholic Beverages Analysis
7. Type - Global Alcoholic Beverages Market
8. Packaging - Global Alcoholic Beverages Market
9. Distribution Channel - Global Alcoholic Beverages Market
10. Country - Global Alcoholic Beverages Market
11. Porter’s Five Analysis - Global Alcoholic Beverages Market
12. SWOT Analysis - Global Alcoholic Beverages Market
13. Key Players
List of Tables
List of Figures
Companies Mentioned
- Anheuser-Busch InBev SA/NV
- Carlsberg Group
- Constellation Brands Inc.
- Heineken N.V.
- Molson Coors Beverage Company
- Pernod Ricard SA
- Suntory Holdings Limited
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | May 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 1769.07 Billion |
| Forecasted Market Value ( USD | $ 2749.11 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 7 |
