Alcoholic Beverages Market Characteristics
The alcoholic beverages manufacturing market consists of sales of beverages that do not contain any alcohol by entities (organizations, sole traders and partnerships) that produce beverages that do not contain any alcohol. 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.
Competitive Landscape of the Alcoholic Beverages Market
Major players in the global alcoholic beverages market include Anheuser Busch InBev, Heineken, Diageo, Carlsberg Group, Pernod Ricard, Beam-Suntory, Molson Coors Brewing Co, China Resource Enterprise, Thai Beverage Public Co., Ltd, and Constellation Brands.
Alcoholic Beverages Market Size
The alcoholic beverages market size is expected to reach $570 billion by 2022, significantly growing at a CAGR of around 5% during the forecast period. The growth in the alcoholic beverages market is due to increased demand for spirits and wine in both developed and developing countries, increasing number of alcohol consumers, rising disposable income in emerging countries.
However, the market for alcoholic beverages is expected to face certain restraints from several factors such as health awareness and shift towards natural drinks.
Alcoholic Beverages Market Segmentation
The global alcoholic beverages market is further segmented based on type and geography.
By Type - The alcoholic beverages market is segmented into alcoholic beverages, beer (breweries), wine and brandy (wineries), spirits (distilleries), liquors, among these segments, the wine and brandy (wineries) market accounts for the largest share in the global alcoholic beverages market.
By Geography - The global alcoholic beverages is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the South America alcoholic beverages market accounts the largest share in the global Alcoholic Beverages market.
Trends in the Alcoholic Beverages Market
Rise of alcohol ecommerce market, new tools for alcohol product safety and ready-to-mix hybrid beverages are the major trends witnessed in the global alcoholic beverages market.
Potential Opportunities in the Alcoholic Beverages Market
With growing demand for beverages with low alcohol content and flavoured alcoholic beverages for entry level drinkers, decreasing prices of drinks, the scope and potential for the global alcoholic beverages market is expected to significantly rise in the forecast period.