Global Alcoholic Beverage Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
16 Feb, 2021
The alcoholic beverages market consists of sales of alcoholic beverages by entities (organizations, sole traders and partnerships) that produce alcoholic beverages through the fermentation process and that produce distilled alcoholic beverages. The companies in the alcoholic beverages industry process raw materials into alcoholic beverages, package and distribute them through various distribution channels to both individual customers and commercial establishments.
Global Alcoholic - Beverage Market Size And Drivers:
The global alcoholic beverages market is expected to grow from $499.74 billion in 2020 to $546.15 billion in 2021 at a compound annual growth rate (CAGR) of 9.3%. The market is expected to reach $735.83 billion in 2025 at a CAGR of 8%. World population is growing and is expected to reach $10 billion by 2050. This increase in population creates more demand for alcoholic beverages.
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Trends In The Global Alcoholic - Beverage Market
Alcoholic beverage manufacturers are now offering ready-to-mix hybrid beverages to cater to changing consumer tastes and preferences. Hybrid beverages are a blend of alcoholic drinks from multiple beverage categories. They are prepared by using unique flavor combinations, ingredients, and production methods from multiple drinks.
Global Alcoholic - Beverage Market Segments:
The global alcoholic beverage market is further segmented based on type, distribution channel, category and geography.
By Type:Beer, Wine And Brandy, Spirits.
By Distribution Channel:Off-Trade Channels, On-Trade Channels.
By Category:Mass, Premium.
Subsegments Covered: Ales, Lagers, Stouts & Porters, Malts, Wine, Brandy, Whiskey, Vodka, Rum, Tequila, Gin, Other Spirits.
By Geography:The global alcoholic - beverage market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global alcoholic - beverages market, accounting for 42% of the total market.
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Alcoholic - Beverage Global Market Report 2021is one of a series of new reports from The Business Research Company that provides alcoholic beverage market overviews, analyzes and forecasts market size and growth for the global alcoholic beverage market, alcoholic beverage market share, alcoholic beverage market players, alcoholic beverage market segments and geographies, alcoholic beverage market’s leading competitors’ revenues, profiles and market shares. The alcoholic beverage market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.