Uploaded on Feb 25, 2022
Alcoholic beverages are distilled drink or liquor produced from fermentation of the sugar obtained from fruits, berries, and grains. These beverages contain more than a minimal amount of ethyl alcohol or ethanol.
Alcoholic Beverages
Alcoholic Beverages Market Consumption Analysis & Growth Trends And market Profile
Report Till 2026
Market Overview
Alcoholic beverages are distilled drink or liquor produced from fermentation of the sugar obtained
from fruits, berries, and grains. These beverages contain more than a minimal amount of ethyl
alcohol or ethanol. They are classified into three general classes called beer, wine, and spirit.
Increasing number of adult and young population and high disposable income of the consumers are
the major factors driving growth of the market. Innovation in product due to high demand for
alcoholic beverages with changing taste and preferences is key factor for growth of this industry.
Advancement in the distribution channels such as availability of separate counter for females, outlet
on airports, online sales, and growing tourism sector are some of the factors boosting growth of
market.
Consumption of alcoholic beverages in a limited quantity is associated with reduced risk of
cardiovascular diseases. Furthermore, consumption of red wine reduces the risk of heart diseases
and burns fat. Therefore, introduction of varieties among beer and spirits is expected to create
lucrative opportunity for growth of the alcoholic beverages market.
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Market Dynamics
•Europe is reported to have highest number of population consuming beer. Alcoholic beverages
market in this region is led by France, followed by Germany, Italy, UK, and others. The high
consumption rate of alcohol has also been recorded in the economies such as Estonia, Belarus,
and Lithuania in this region. According to the World Bank Group, in 2015, Belarus consumed
17.1 liters per person per capita as compared to world average of 6.3 liters per person per
capita.
•North America is gaining significant traction in alcoholic beverage market, owing to
increasing trend of alcohol consumption in young-adult people, which increases demand for
high-quality alcoholic beverages. According to National Institute on Alcohol Abuse and
Alcoholism (NIAAA), in 2015, around 6.2 percent of adult population were reported to be
consuming alcoholic beverages in the U.S
Alcoholic Beverages Market Taxonomy
Based on the product type, alcoholic beverages is segmented into:
•Beer
•Ale
•Lager
•Stout
•Distilled Spirits
•Rum
•Whiskey
•Vodka
•Gin
•Others
• Wine
•Sparkling
•Fortified
•Champagne
Key players operating in the global alcoholic beverages market include Anheuser-Busch InBev SA/
NV, Bacardi Limited, Beam Suntory Inc., Constellation Brands Inc., Diageo Plc, Heineken Holding
NV, Molson Coors Brewing Co., Pernod Ricard SA, SABMiller Ltd., and Carlsberg group.
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