Beer is an alcoholic beverage that is brewed and fermented from malted barley. The main types of beer are ales, lagers, stouts, porters, and malts. The definition of ALE is a beer made with a quick-acting yeast (Saccharomyces cerevisiae) and fermented quickly at comparatively high temperatures. The different types of packaging include canned, bottled, and draught and involve various categories such as mass and premium. It is distributed through various channels, including off-trade channels and on-trade channels. The beer research report is one of a series of new reports from The Business Research Company that provides beer statistics, including beer industry global market size, regional shares, competitors with beer shares, detailed beer segments, market trends and opportunities, and any further data you may need to thrive in the beer industry. This beer research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global beer market grew from $219.48 billion in 2022 to $235.69 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The beer market is expected to grow to $303.11 billion in 2027 at a CAGR of 6.5%. Increasing demand for ready-to-drink (RTD) beverages is expected to drive the alcoholic beverage market in the forecast period. An RTD is a single-use packaged beverage that is ready for immediate consumption at the time of purchase. RTD drinks are gaining popularity among working adults due to their clean labels and functionality. The introduction of new flavours in the range of RTD alcoholic beverages, ease of carrying, and convenience are expected to boost the demand for RTD alcoholic beverages. Increasing demand for RTD beverages, including RTD alcoholic beverages, is expected to drive the alcoholic beverage market going forward. The outbreak of COVID-19 has acted as a massive restraint on the beer manufacturing (breweries) market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Food and beverage manufacturers depend on the supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to a lack of raw materials. Also, restrictions on the trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the beer manufacturing (breweries) market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Advancements in automation technology and the need to improve customer experience in crowded bars have increased the demand for self-serve beer bars. Self-serve beer bars have taps arranged along a wall with touch screens and card readers. Customers can choose from various options using the touch screen, make payments using plastic RFID cards, and dispense beer from taps in the vending machine. Self-serve beer bars help reduce the struggle to order drinks in overcrowded bars. For instance, the PourMyBeer system allows customers to serve themselves using interactive touch screens and taps installed on walls. As of March 2022, the system has been installed over 500 locations which include casinos, hotels, military bases, restaurants, bars, breweries, food halls, and others. Table Tap is another such company offering self-serve beer walls under the trademark WallTender. Major companies in the beer market include Anheuser-Busch InBev SA/NV, Heineken N.V., Carlsberg Breweries Group, Asahi Group Holdings Ltd., Constellation Brands, China Resources Beer (Holdings) Company Limited, The Molson Coors Brewing Company, Tsingtao Brewery Co Ltd., Thai Beverage public co., and kirin holdings co ltd. Asia-Pacific was the largest region in the beer market in 2022. Western Europe was the second-largest region in the beer market. The regions covered in the beer market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the beer market are Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam. The beer market consists of sales of brown ale, golden ale, pale ale, dark lager, pale lager, irish stout, sweet stout, english porter, american porter, caramelized malt, roasted malt, and other beer. The companies in the alcoholic beverages industry process raw materials into alcoholic beverages, package and distribute them through various distribution channels to both on-trade and off-trade establishments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global beer market is segmented - 1) By Type: Ales, Lagers, Stouts & Porters, Malts 2) By Distribution Channel: Off-Trade Channels, On-Trade Channels 3) By Packaging: Canned, Bottled, Draught 4) By Category: Mass, Premium

Non alcoholic - beverages are the drinks that are either totally free from alcohol or that have less than 0.5 percent alcohol by volume (abv). The main types of non alcoholic beverages are coffee and tea, as well as soft drinks and ice. Coffee is a brewed drink prepared from roasted coffee beans, and tea is an aromatic beverage prepared by pouring hot or boiling water over cured or fresh leaves of Camellia sinensis. The products are made available through off-trade channels and on-trade channels. The various categories are mass, and premium. The non alcoholic beverages research report is one of a series of new reports from The Business Research Company that provides non alcoholic beverages statistics, including non alcoholic beverages industry global market size, regional shares, competitors with non alcoholic beverages share, detailed non alcoholic beverages segment, market trends and opportunities, and any further data you may need to thrive in the non alcoholic beverages industry. This non alcoholic beverages research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global non alcoholic - beverages market grew from $556.01 billion in 2022 to $592.22 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The non alcoholic - beverages market is expected to grow to $741.17 billion in 2027 at a CAGR of 5.8%. The world's population is growing and is expected to reach 10 billion by 2050. An increase in the population creates more demand for food. According to the American Society of Nutrition, the consumption of sugar-sweetened beverages was highest in Mexico. Crop production, farming activities, and trade volumes will have to increase in order to meet the increased population. Therefore, companies in this market are expected to benefit from rising demand for food and beverage products due to the rising population during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the non-alcoholic beverage market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Food and beverage manufacturers depend on the supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to a lack of raw materials. Also, restrictions on the trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the non-alcoholic beverages market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Increasing health awareness and consciousness among consumers is driving the demand for beverages that provide nutrition, antioxidants, and probiotics. Health beverages support detoxing, weight loss, digestive health, nutrition, and, in some cases, act as meal replacements. For instance, Kombucha, a fermented tea made from a mix of yeast, bacteria culture, sugar, and tea, is increasingly being consumed as a health beverage. According to Beverage Daily, the kombucha market is expected to grow by 25% annually until 2020. To cater to the health beverage market, Pepsi is launching products such as organic Gatorade. Major companies in the non alcoholic - beverages market include PepsiCo, Inc., Nestle S.A., The Coca-Cola Company, Coca-Cola European Partners plc, Suntory Holdings Limited, Fomento Economico Mexicano, Red Bull GmbH, Keurig Dr Pepper Inc., Unilever plc, Asahi Group Holdings Ltd The Asia-Pacific was the largest region in the non alcoholic - beverages market in 2022. Western Europe was the second-largest region in the non alcoholic - beverages market. The regions covered in the non alcoholic - beverages market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the non alcoholic - beverages market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The non alcoholic - beverages market consists of sales of roasted coffee, coffee concentrates, coffee extracts, flavourings, and syrups, instant tea, blending tea, tea concentrate, herbal tea, tea extracts, carbonated soft drinks, ice flakes, ice cubes, ice nuggets, bottled water, Ready to Drink (RTD) tea and coffee, juices and juice concentrates, functional drinks. The companies in the non alcoholic beverages industry process raw materials into non alcoholic beverages, package and distribute them through various distribution channels to both individual customers and commercial establishments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global non alcoholic - beverages market is segmented - 1) By Type: Coffee And Tea, Soft Drink And Ice 2) By Distribution Channel: Off-Trade Channels, On-Trade Channels 3) By Category: Mass, Premium Subsegments Covered: Coffee, Tea, Soft Drinks, Ice

An alcoholic beverage is a potable liquid that contains ethanol which is prepared by fermenting fruits, grains, and others. The main types of alcoholic beverages are beer, wine and brandy, and spirits. Beer is an alcoholic beverage produced by extracting raw materials with water, boiling (usually with hops) and fermenting. The products are made available through off-trade channels and on-trade channels. The various categories are mass, and premium. The alcoholic beverages research report is one of a series of new reports from The Business Research Company that provides alcoholic beverages statistics, including alcoholic beverages industry global market size, regional shares, competitors with alcoholic beverages share, detailed alcoholic beverages segments, market trends and opportunities, and any further data you may need to thrive in the alcoholic beverages industry. This alcoholic beverage research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global alcoholic - beverages market grew from $530.85 billion in 2022 to $569.58 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The alcoholic - beverages market is expected to grow to $731.84 billion in 2027 at a CAGR of 6.5%. The world's population is growing and is expected to reach 10 billion by 2050. An increase in the population creates more demand for alcoholic beverages. Crop production, farming activities, and trade volumes will have to increase in order toto meet the increased population. Therefore, companies in this market are expected to benefit from rising demand for alcoholic - beverages products due to the rising population during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the alcoholic - beverages market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Food and beverage manufacturers depend on the supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to a lack of raw materials. Also, restrictions on the trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the alcoholic beverages market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. 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 flavour combinations, ingredients, and production methods from multiple drinks. For example, producing spirits or beers in a wine barrel to give them a distinct taste. Hybrid beverages are particularly evident in the spirit category, with products such as beer mixed with rum and tea mixed with vodka. Some of the popular hybrid beverages on the market include Malibu Red (rum and tequila), Kahlua Midnight (rum and Kahlua), and Absolut Tune (vodka and sparkling wine). Major companies in the alcoholic - beverages market include Anheuser-Busch InBev sa/nv, Heineken N.V., Diageo plc, Asahi Group Holdings Ltd., The Molson Coors Brewing Company, kirin holdings co Ltd., Constellation Brands, Pernod Ricard, Carlsberg Breweries Group, Thai Beverage public co. The Asia-Pacific was the largest region in the alcoholic - beverages market in 2022. Western Europe was the second-largest region in the alcoholic - beverages market. The regions covered in the alcoholic - beverages market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the alcoholic - beverages market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The alcoholic beverages market consists of sales of ales, lagers, stouts and porters, malts, still wine, sparkling wine, cognac, armagnac, whiskey, vodka, rum, tequila, gin, and other 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 on-trade and off-trade establishments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The alcoholic beverages market is segmented into beer, wine and brandy, and spirits. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global alcoholic - beverages market is segmented - 1) By Type: Beer, Wine And Brandy, Spirits 2) By Distribution Channel: Off-Trade Channels, On-Trade Channels 3) By Category: Mass, Premium Subsegments Covered: Ales, Lagers, Stouts & Porters, Malts, Wine, Brandy, Whiskey, Vodka, Rum, Tequila, Gin, Other Spirits

Functional beverages are non-alcoholic drinks that contain non-traditional ingredients such as vitamins, minerals, dietary fibers, probiotics, and added fruits. The main types of functional beverages are energy drinks, sports drinks, nutraceutical drinks, dairy-based beverages, juices, enhanced water, and others. Energy drinks are beverages or drinks that contain ingredients marketed to increase energy and mental performance. The functions are health & wellness, and weight management and various type of distribution channel are brick & mortar, and online. The functional beverages research report is one of a series of new reports from The Business Research Company that provides functional beverages statistics, including functional beverages industry global market size, regional shares, competitors with functional beverages share, detailed functional beverages segments, market trends and opportunities, and any further data you may need to thrive in the functional beverages industry. This functional beverages research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global functional beverages market size will grow from $131.47 billion in 2022 to $147.7 billion in 2023 at a compound annual growth rate (CAGR) of 12.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global functional beverages market size is expected to grow from $224.99 billion in 2027 at a CAGR of 11.1%. Increasing awareness of health issues is anticipated to propel the demand for functional beverages over the forecast period. Functional beverages help to enhance various body functionalities, including the management of heart rate, digestive health, immune system, and weight management, due to the presence of vitamins, minerals, herbs, and amino acids. Consumers are increasingly shifting towards the consumption of functional beverages that contain ingredients to address these specific health issues. According to Packaging Strategies journal, a major change in the beverage industry is moving toward functional beverages as consumers strive to improve their health. Additionally, the rise of clean-label, organic, and non-GMO products is impacting the buying behaviours of consumers. Therefore, consumer preferences for functional drinks over carbonated drinks and fruit juices are projected to drive the demand for functional beverages over the next few years. The wide availability of cheaper substitutes such as green tea, coffee, and fresh juice is hindering the growth of the functional beverage market. The prices of functional drinks are comparatively higher than those of carbonated drinks and other available substitutes. Thus, the availability of substitute products is negatively impacting the growth of the market. For instance, dry beverage mixes, which offer functionality, are cost-effective and have low transportation costs. The ingredients in dry beverage mixes provide high nutrients, replacing the need for functional beverages with low costs. The availability of cheaper substitutes thereby restrains the growth of the market. The manufacturing of low-calorie natural sweeteners and the use of natural colors and ingredients are promoting the growth of functional beverages. Major players dealing in the industry are adopting various strategies in order to meet consumer requirements. For instance, in April 2021, Manus Bio, Inc., a US-based company operating in natural ingredients, announced the launch of NutraSweet Natural, a plant-based sweetener with zero calories. NutraSweet Natural is produced by isolating the sweetest and purest parts of the stevia leaf, which are incorporated into a proprietary blend to create the exact taste of sugar without the calories while minimizing its environmental footprint. In March 2021, Nestlé S.A, a Switzerland-based multinational food, and drink processing conglomerate corporation acquired Essentia Water, LLC for an undisclosed amount. Through this acquisition, Nestlé S.A aims to strengthen its presence in the functional water segment and to gain a competitive advantage in the market. Essentia Water, LLC is a US-based beverage company. Major players in the functional beverages market are Danone, Clif Bar & Company, Universal Nutrition, Cloud 9, The Coca-Cola Company, Monster Beverage Corporation, Arla foods, National Beverage Corp., Cloud 9, Nestle. Asia-Pacific was the largest region in the functional beverages market in 2022. Western Europe was the second-largest region in the global functional beverages market. The regions covered in the global functional beverages market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the functional beverages market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The functional beverages market consists of sales of energy drinks, sports drinks, enhanced fruit drinks, bottled water, and other functional beverages. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global functional beverages market is segmented - 1) By Type: Energy Drinks, Sports Drinks, Nutraceutical Drinks, Dairy-based Beverages, Juices, Enhanced Water, Other Types 2) By Function: Health & Wellness, Weight Management 3) By Distribution Channel: Brick & mortar, Online

Grain alcohol is a distilled neutral spirit made from fermenting grains such as corn, rye, wheat, grapes, grains, sugarcane, tubers, and beets and is used to make other alcoholic drinks such as wine, vodka, homemade liqueurs, and others. Grain alcohol is the purified form of ethyl alcohol, which is also known as ethanol, neutral grain spirit, or rectified spirit. The main sources of grain alcohol include sugarcane, grains, fruits and other sources. Sugarcane grain alcohol is prepared by fermenting either sugar cane juice or molasses diluted with water, including yeast-removing sugar. The different types of grain alcohol are ethanol and polyols, which are used in applications such as beverages, food, pharmaceuticals, health care, and other applications. The different functionalities of grain alcohol include preservatives, coloring/flavoring agents, coatings, and other functionalities. The grain alcohol market research report is one of a series of new reports from The Business Research Company that provides grain alcohol market statistics, including grain alcohol industry global market size, regional shares, competitors with grain alcohol market share, detailed grain alcohol market segments, market trends and opportunities, and any further data you may need to thrive in the grain alcohol industry. This grain alcohol market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global grain alcohol market size grew from $13.42 billion in 2022 to $14.18 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The grain alcohol market size is expected to grow to $17.86 billion in 2027 at a CAGR of 5.9%. The increasing consumption of alcoholic drinks is driving the growth of the grain alcohol market. An increase in consumption of these beverages can be attributed to multiple factors, such as rising levels of disposable income and an increasingly urban population. For instance, in 2020, according to the US government, there was a 60% increase in drinking, compared to pre-pandemic. The major reasons behind increased drinking include increased stress (45.7%), growing alcohol availability (34.4%), and boredom (30.1%). Alcohol consumption per capita is expected to rise from 5.9 litres per year in 1990 to 7.6 litres in 2030. Therefore, the increasing consumption rate of alcoholic beverages drives the grain alcohol market. Increasing research and development is a key trend gaining popularity in the grain alcohol market. Companies in the grain alcohol market are focusing on developing new flavours and varieties based on ethnic tastes. For instance, in 2020, Diageo, a UK-based beverage company, announced the launch of a new research and development centre in Shanghai to further its product innovation and development aims in China. The first of its kind in the beverage alcohol sector in Shanghai will help the Chinese market and will strengthen Diageo’s ability to quickly create and develop premium products that cater to Chinese consumer tastes. The research centre was created with the aim of manufacturing a strong portfolio of products developed in China based on local consumer insights and trends. In April 2021, MGP Ingredients, Inc., a US-based distributor of premium distilled spirits and specialty wheat proteins and starches, acquired Luxco, Inc. for an undisclosed amount. The acquisition is in line with MGP’s long-term strategy focused on shifting to higher value-added products and diversification of the business portfolio. Luxco is a US-based company that is a leading producer, distributor, importer, and bottler of beverage alcohol products. Major players in the grain alcohol market are Archer-Daniels-Midland Company, Cargill, Inc., Kweichow Moutai, Roquette Fr res, MGP Ingredients, Inc., Cristalco, Wilmar Group, Manildra Group, Glacial Grain Spirits, Wuliangye Yibin Co., Diageo PLC., Altria Group, Pernod Ricard, ChemCeed, Ethanol US, NuGenTeca, and Pinal Energy. Europe was the largest region in the grain alcohol market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the grain alcohol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the grain alcohol  market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The grain alcohol market consists of sales of polyols grain alcohol and ethanol grain alcohol. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global grain alcohol market is segmented - 1) By Source: Sugarcane, Grains, Fruits, Other Sources 2) By Type: Ethanol, Polyols 3) By Application: Beverages, Food, Pharmaceutical And Health Care, Other Applications 4) By Functionality: Preservative, Colouring/Flavouring Agent, Coatings, Other Functionalities

Absinthe is a flavored spirit derived from several plants, including the leaves and flowers of artemisia absinthium together with other aromatic ingredients. Absinthe is prepared from high alcohol spirits, with an alcohol content of 68% by volume. Absinthe is usually consumed by diluting with water and can be used to flavor mixed drinks. The main types of absinthes are absinthe verte, absinthe ordinaire, absinthe reve pastis, absinthe bohemian, absinthe amber, and absinthe blanche. Absinthe verte is prepared from natural ingredients such as cocoa, grand warmwood, star anise, fennel, peppermint, and vanilla. Absinthe is mainly sold through online and offline distribution channels. Major applications of absinthe can be seen in the medical industry, food and beverage industry, and cosmetic industry. The absinthe market research report is one of a series of new reports from The Business Research Company that provides absinthe market statistics, including absinthe industry global market size, regional shares, competitors with absinthe market share, detailed absinthe market segments, market trends and opportunities, and any further data you may need to thrive in the absinthe industry. This absinthe market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global absinthe market size grew from $34.25 billion in 2022 to $35.12 billion in 2023 at a compound annual growth rate (CAGR) of 2.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The absinthe market size is expected to grow to $40.47 billion in 2027 at a CAGR of 3.6%. The increasing alcohol and other beverage consumption is expected to propel the growth of the absinthe market. Consumers globally are increasingly consuming alcohol products and beverages. For instance, in January 2022, according to an article published by The Harvard Gazette, an official news website of Harvard university, researchers recreated the drinking trajectories and liver disease trends in all U.S. people using data from a national survey of U.S. adults on their drinking habits, which indicated that excessive drinking (such as binge drinking) increased by 21% during the COVID-19 pandemic. Therefore, the increasing alcohol and other beverage consumption is driving the growth of the absinthe market. New product launches are a key trend gaining popularity in the absinthe market. Modern Absinthe is a result of laboratory experimentation. For instance, in October 2020, La Fée, a UK-based spirit company, announces the release of a new 20cl bottle of their signature La Fée Parisienne absinthe. It has brought innovation to the industry with a detachable 12-page cocktail book integrated into the label. The book not only provides a history of the category and the beginnings of La Fée, but it also teaches readers how to consume absinthe, from the traditional sugar and water to new spins on cocktail classics. In September 2021, Pernod Ricard, operating in absinthe manufacturing based in Paris, acquired leading online spirits retailer The Whisky Exchange for an undisclosed amount. The acquisition is in line with Pernod Ricard’s consumer-centric strategy of meeting consumer expectations and needs in a context of solid e-commerce growth and strong demand for premiumization. Pernod Ricard will leverage synergies between The Whisky Exchange’s expertise and its in-house platforms such as Bodeboca and Drinks&Co. The Whisky Exchange is a France-based specialist drink retailer company. Major players in the absinthe market are Pacific Distillery LLC, Teichene, Duplais Verte, La Fée Absinthe, Kübler Absinthe Superieure, Hill's Liquere North America, La Clandestine, Doubs Mystique, Butterfly Absinthe, Lucid, Metelka, C.F. Berger, Jade Nouvelle Orleans, Rudolf GmbH, Vieux Carre, Mansinthe, Rudolf Group, and Philadelphia Distilling Company. Europe was the largest region in the absinthe market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the absinthe market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the Absinthe market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The absinthe market consists of sales of absinthe verte, absinthe ordinaire, absinthe reve pastis, absinthe bohemian, absinthe amber, and absinthe blanche, and other absinthe. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global absinthe market is segmented - 1) By Type: Absinthe Verte, Absinthe Ordinaire, Absinthe Reve Pastis, Absinthe Bohemian, Absinthe Amber, Absinthe Blanche 2) By Distribution: Online, Offline 3) By Application: Medical, Food And Beverage, Cosmetic

Wine is an alcoholic drink made from the fermented juice of grapes. Brandy is a strong alcoholic beverage made from distilled wine. The main types of wine and brandy are wine and brandy. Wine is an alcoholic beverage made primarily from fermented grapes. The sugar in the grapes is consumed by yeast, which transforms it into ethanol and carbon dioxide while producing heat in the process. The different categories include mass, premium, and distributed through various channels such as off-trade channels and on-trade channels. The wine and brandy research report is one of a series of new reports from The Business Research Company that provides wine and brandy statistics, including wine and brandy industry global market size, regional shares, competitors with wine and brandy share, detailed wine and brandy segments, market trends and opportunities, and any further data you may need to thrive in the wine and brandy industry. This wine and brandy research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global wine and brandy market grew from $167.89 billion in 2022 to $180.56 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The wine and brandy market is expected to grow to $235.71 billion in 2027 at a CAGR of 6.9%. Increasing demand for ready-to-drink (RTD) beverages is expected to drive the wine and brandy manufacturing (wineries) market in the forecast period. An RTD is a single-use packaged beverage that is ready for immediate consumption at the time of purchase. RTD drinks are gaining popularity among working adults due to their clean labels and functionality. The introduction of new flavours in the range of RTD alcoholic beverages, ease of carrying, and convenience are expected to boost the demand for RTD alcoholic beverages. Increasing demand for RTD beverages, including RTD alcoholic beverages, is expected to drive the wine and brandy manufacturing (wineries) market going forward. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the wine and brandy manufacturing (wineries) market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Food and beverage manufacturers depend on the supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to a lack of raw materials. Also, restrictions on the trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the wine and brandy manufacturing (wineries) market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Wine manufacturers are increasingly using augmented reality mobile applications to effectively promote their products. Mobile phones with augmented reality applications when held over a wine bottle label display creative video content that conveys a brand’s story and helps engage customers. For instance, Treasury Wine Estates launched the 19 Crimes augmented reality mobile application that animates criminals pictured on its bottle labels when a phone camera is pointed. Other wineries that have launched augmented reality mobile applications include E. & J. Gallo Winery and The Walking Dead. Major companies in the wine and brandy market include Pernod Ricard, kirin holdings co Ltd., Christian Dior SE, The Molson Coors Brewing Company, Constellation Brands, Suntory Holdings Limited, Asahi Group Holdings Ltd., Treasury Wine Estates Limited, Anheuser-Busch InBev sa/nv, and Altria Group Inc. Western Europe was the largest region in the wine and brandy market in 2022. Asia-Pacific was the second-largest region in the wine and brandy market. The regions covered in the wine and brandy market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the wine and brandy market are Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam. The wine and brandy market consists of sales of champagne, alcoholic cider, fortified wines, ice wines, sparkling wines, vermouth, very special cognac, very special old pale cognac, extra old cognac, very special armagnac, very special old pale armagnac, extra old armagnac, and other wine and brandy. The companies in the wineries industry process raw materials into wines, brandies, ciders and fortified wines, package and distribute them through various distribution channels to both on-trade and off-trade establishments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global wine and brandy market is segmented - 1) By Type: Wine, Brandy 2) By Distribution Channel: Off-Trade Channels, On-Trade Channels 3) By Category: Mass, Premium Subsegments Covered: Still Wine, Sparkling Wine, Cognac , Armagnac

Red wine is a wine with a primarily red color that results from the natural pigment found in the peels of dark-colored grapes during fermentation. The alcohol content of red wine is typically between 12 -15%. Antioxidants abound in red wine, and moderate consumption is good for health. The main types of red wines are sparkling red wine and still red wine. The sparkling red wine has a reddish hue which is obtained when grape juice comes into contact with the grape skins of red grape strains. Depending on the variety, sparkling red wines range in taste from very dry to semi-sweet and in color from deep rose to inky-red. The red wines are packed in bottles, and cans and are distributed through food services and retail stores. The red wine market research report is one of a series of new reports from The Business Research Company that provides red wine market statistics, including red wine industry global market size, regional shares, competitors with a red wine market share, detailed red wine market segments, market trends and opportunities, and any further data you may need to thrive in the red wine industry. This red wine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global red wine market size grew from $102.97 billion in 2022 to $109.50 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The red wine market size is expected to grow to $133.14 billion in 2027 at a CAGR of 5.0%. The increasing health awareness among consumers is expected to propel the growth of the red wine market going forward. Healthy eating has become the norm, with most consumers demanding foods and beverages to meet progressively nuanced health and wellness, ethics, and sustainability criteria. The powerful plant compounds found in red wine have been linked to several health benefits, including reduced inflammation, a lowered risk of cancer, and a longer lifespan. Red wine's alcohol and antioxidants aid to prevent coronary artery disease. For instance, according to the International Food Information Council 2020 Food and Health Survey, 54% of consumers and 63% of consumers over the age of 50 are concerned about the healthfulness of their food and beverages. Therefore, the increasing health awareness among consumers drives the growth of the red wine market. The growing popularity of organic products is a key trend gaining popularity in the red wine market. Organic wine is a product that has been certified as organic by the government. Organic wine production must follow strict criteria that cover everything from pesticide usage to land management to storage and preservation. For instance, in October 2021, Gary Barlow, a Spanish winemaker introduced an organic wine called Gary Barlow Organic. The Gary Barlow Organic collection comprises a red and a white wine created from grapes cultivated in certified organic fields in Castilla grown with old, low-yielding bush vines that are dry-farmed. In March 2021, Accolade Wines, an Australia-based wine company acquired Rolf Binder Wines for an undisclosed sum. Through this acquisition, Accolade Wines aims to broaden its diverse portfolio by integrating Rolf Binder premium red and white grapes that will support Accolade’s other Barossa brands. Rolf Binder Wines is an Australia-based company that produces red wine. Major players in the red wine market are Accolade Wines, Caviro S.C.A., Vina Concha Y Toro S.A., Castel Winery PLC., E and J Gallo Winery, Grupo Peñaflor S.A., Diageo plc, Treasury Wine Estates, Constellation Brands, The Wine Group, Campari Group, Brown-Forman, Amvyx SA, Rémy Cointreau, Compagnia Del Vino SRL, and Pernod Ricard. North America was the largest region in the red wine market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the red wine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The red wine market consists of sales of sparkling red wine and still red wine. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global red wine market is segmented - 1) By Type: Sparkling Red Wine, Still Red Wine 2) By Packaging Type: Bottles, Cans 3) By Distribution Channel: Food Service, Retail