Alcoholic Beverages Market by Product (Beer, Wine and Spirits), Distribution Channel (Hotels/Restaurants/Bars, Specialty Stores, Online Retailers and Convenience Stores), Packaging (Glass bottles, Plastic bottles & Metal Cans) - Global Analysis & Forecast 2019-2030
Report ID : 230 | Published Date : Jun 2020 | Pages : 175 | Region : Global | Report Code : FB-28
Alcoholic Beverages Market Introduction & Overview
An alcoholic beverage is a drink containing alcohol. Alcoholic beverages are consumed throughout the world. The advantages of alcohol, when consumed in restricted amounts, decrease the threat of cardiovascular disease, avoid cold, whereas having red wine reduces the risk of heart diseases and burns fat. Alcoholic beverages are fermented from the sugars in grains, berries, fruits, and such other components as tubers, plant saps, milk, and honey. The demand for alcoholic beverages has improved in the past few years, taking into account the on/off-premises consumption trends.
The global alcoholic beverages market is driven by increase in rise in youth population and average number of drinkers, surge in disposable income, and growing demand for premium alcoholic beverages products. Moreover, increasing number of on-premise distribution channels have been pivotal in contributing to the extensive growth of the global alcoholic beverages market. However, growing demand for non-alcoholic beverages like energy drink, ready to drink (RTD) tea and coffee etc., is likely to restrain the market to a certain extent.
The global alcoholic beverages market is segmented by product, distribution channel, packaging and region.
Alcoholic Beverages Market by Product
On the basis of the product, the alcoholic beverages market is segmented into beer, wine, and spirits. The beer segment is estimated to account for the largest share in the global alcoholic beverages market. Beer contains 4-7% of alcohol and is one of the highly consumed alcohol in the world it accounts for the largest share in the market owing to it consumption and popularity among adults & young population. . Moreover, increasing demand for craft beer is also driving beer sales of this segment.
Alcoholic Beverages Market by Distribution Channel
On the basis of the distribution channels, the market can be segmented into hotels/restaurants/bars, specialty stores, online retailers and convenience stores. In terms of market share, the segment of specialty stores is estimated to account for the largest market share, owing to the availability of products at low cost and accessibility to a wide variety of alcoholic beverages in specialty stores drive the growth of this segment.
Alcoholic Beverages Market by Packaging
On the basis of Packaging, the market can be segmented into glass bottles, plastic bottles & metal cans. The glass bottle segment is estimated to account for the largest market share. Glass is 100% recyclable without the loss of quality and sturdiness. The alcohol bottles are recycled and are used again to refill alcohol for new batch of production.. The demand for glass containers may likely grow owing to its increasing importance in wine packaging and robust demand in the market.
Alcoholic Beverages Market by Region
The global alcoholic beverages market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). North America dominated the market of alcoholic beverages, followed by the Asia Pacific and Europe. North America will continue to dominate the global alcoholic beverages market in the forecast period owing to factors such as increase in young?adult population and elevated consumption of high-quality alcoholic beverages. However, Asia Pacific is expected to witness the highest CAGR, with growth in this market centered in China, Korea, Japan, and India. China and India are expected to witness a significant increase in demand for alcoholic beverages during this forecast period. The availability of local spirits such as baijiu in China is propelling the growth of alcoholic beverages in the Asia Pacific region to certain extent.
Alcoholic Beverages Market Prominent Players
Some of the prominent players in the global alcoholic beverages market include The Boston Beer Company, BACARDI, Constellation Brands, Inc., Heineken N.V. , Anheuser-Busch InBev, Diageo, Kirin Holdings Company, Limited, Carlsberg Breweries A/S, Pernod Ricard and Molson Coors Brewing Company among others.