Market Snapshot:
An alcoholic drink is basically a drink which includes ethanol or alcohol. An alcoholic drink generally contains 3%-40% alcohol. Beer, wine, and spirits all start with a process called as fermentation, which is the natural result of yeast digestion of the sugars found in ingredients like fruit, cereal grains, or other starches. Further, moderate consumption of alcoholic drink provides some health benefits such as reduces risk of heart diseases, ischemic stroke and diabetes. Rise in disposable income, changing life style are the major key factors propelling the market growth.
Highlights from Alcoholic Drinks Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Largest Market | North America |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Accolade Wines Ltd. (Australia), Brown-Forman Corp. (United States), Carlsberg A/S (Denmark), China Resources Beer Company Limited (Hong Kong), Rémy Cointreau SA (France), Anheuser-Busch InBev SA/NV (Belgium), Bacardi Limited (Bermuda), Beam Suntory Inc. (United States), The Wine Group (United States) and Diageo Plc (United Kingdom). Additionally, other players that are part of this comprehensive study are Constellation Brands Inc. (United States), Asahi Breweries Ltd. (Japan), Tsingtao Brewery Co. Ltd. (China), Treasury Wine Estates (Australia) and Thai Beverage Public Co., Ltd. (Thailand).
Geographic Breakdown and Segment Analysis
The Global Alcoholic Drinks market presents a comprehensive analysis of the Alcoholic Drinks market by product type (Wine, Beer, Distilled Spirits and Others), by end-user/application (Individual and Commercial), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Alcoholic Drinks industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Alcoholic Drinks market, the Asia Pacific has emerged as a crucial market for several Alcoholic Drinks brands.
Analyst at AMA have segmented the market study of Global Alcoholic Drinks market by Type, Application and Region. On the basis of Type, Beer are dominating the market in the year 2023 where as Wine stood as second largest market share. On the basis of application, Supermarkets and Hypermarkets segment is dominating the market where as Online Retailers segment stood as second largest market.
Influencing Trend:
New development and innovative alcoholic drinks for the consumers
Market Growth Drivers:
Rise in disposable income and changing consumer preferences in emerging economies and Increase in global young‐adult population worldwide
Challenges:
Fluctuations in raw materials prices
Restraints:
Government regulations on imported as well as local alcoholic drinks and Increasing health concerns among consumers
Opportunities:
Development of naturally sweetened healthier alcoholic drinks
Market Developments Activities:
In January 2023, Brown-Forman Corp, Ky acquired Diplomático Rum brand and related assets from Distillers United Group S.L. this acquisition helped Brown-Forman Corp to expand its presence in alcoholic drinks market
In March 2023, Carlsberg Group acquired Waterloo Brewing. Waterloo Brewing's variety of regional beers and ready-to-drink (RTD) drinks, Carlsberg's global beer and cider portfolio creates a fiercely competitive firm in the Canadian beer and RTD industry. This acquisition helped Carlsberg Group to expand in the Alcoholic Drinks market
Regulatory Insights:
The Federal Alcohol Administration (FAA) Act sets standards for regulating the labeling and advertising of wine (containing at least 7 percent alcohol by volume), distilled spirits, and malt beverages. TTB’s regulations are written to prevent the deception of the consumer and provide them with "adequate information" as to the identity and quality of the product, to prohibit false or misleading statements, and to provide information as to the alcohol content of the product.
Alcoholic drinks market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain high market share and establish their position in the market. Further, companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Target Audience
Manufacturers of alcoholic drinks, Suppliers of alcoholic drink subcomponents, Wholesalers, distributers and retailers of alcoholic drinks, Beverage industry, Governmental bodies, Supermarkets and hypermarkets, Online retailers and End User