Alcohol Market Report 2023 (Global Edition)

Global Alcohol Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Alcohol Industry growth. Alcohol market has been segmented with the help of its Type, Distribution channel , and others. Alcohol market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

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Based on the type segment, the market is segmented into beer, distilled spirits, wine, and others. The beer segment is accounted for the highest revenue share in the global alcohol market owing to the adults mostly prefer drinking beer, as it contains less alcohol content. For example, in 2019, the beer industry contributed USD 555 billion of gross value added (GVA) to global GDP.
Wine is the second leading segment in terms of revenue share in 2021. Wine is an alcoholic drink that is made from grapes. In the last few years, the wine industry has witnessed significant consolidation wherein larger wineries business houses acquired small players to optimize taxation and overcome differential taxation policies among states.

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Based on the distribution channel, the market is segmented into convenience stores, liquor stores, internet retailing, and others. The liquor store is dominating the segment on account of the ease of alcohol availability. A liquor store is a licensed retail shop to sell pre-packaged alcoholic beverages in bottles to customers who are likely to take them home to consume.

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Alcohol market report 2023 Edition by contacting our team.

Geographically, the market is divided into regions including North America, Europe, Asia Pacific, Latin America, and Middle-east Countries.
North America has acquired a major market share in the alcohol market during the forecast period. Most North American people show interest in consuming alcoholic beverages. For example, between 2019 and 2022, overall growth in the number of U.S. Wineries increased by 9.07% and the number of Californian wineries grew by 5.76 %, those in the Eastern U.S.
Asia Pacific is growing at a high CAGR during the forecast period in the growth of the alcohol market. This is attributed to the highest alcohol consumption among more developed countries and territories. For example, in China, Japan, Lao PDR, Mongolia and Thailand, alcohol consumption is between 5 and 7 liters. Southeast Asia is an emerging market for the alcohol industry, as there is a continuous expansion of local alcohol brands and rising income levels of people in the region

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

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News:

November 2022

• AB InBev is transforming the beer industry through innovation. The company has offered sunshine, anytime' in the form of Corona Sunbrew 0.0%, which is the world’s first non-alcoholic brew with vitamin D. The brand is focusing on insights and the needs of consumers to deliver a variety of choices, more convenience, and value from consumers to retailers and the farmers who grow raw ingredients.

November 2022

• Bacardi entered into domestic whisky space. Bacardi the liquor major known for its eponymous white-rum brand has entered into the domestic whisky market with Legacy, being bottled from its Nasik plant and selling it at prices in the mid-premium range. 

January 2022

• Constellation Brands, a leading beverage alcohol company, announced that it has entered into a brand authorization agreement with The Coca-Cola Company in the United States to bring the FRESCA® brand into beverage alcohol through the manufacturing, marketing, distribution, and launch of FRESCA™ Mixed. It is a new, distinctive line of spirit-based, ready-to-drink cocktails that are well-aligned with a number of emerging consumer trends.
   

Top Companies Market Share in Alcohol Industry: (In no particular order of Rank)

• Anheuser-Busch InBev SA/NV
• Bacardi Limited
• Beam Suntory Inc
• Constellation Brands Inc.
• Diageo Plc
• Molson Coors Brewing Co.
• Pernod Ricard SA
• United Spirits Ltd.
• Asahi Breweries Ltd.
• Carlsberg A/S
• Others
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