Alcoholic Beverages Market: Breakup by Category, 2022 & 2031
Source: Primary Research and Secondary Research Analysis
Alcoholic beverages have a collection of beverages with various levels of alcohol. Wine, beer, and rice wine are few examples of manufactured alcoholic beverages. Examples of distilled spirits are whiskey, brandy, rum, gin, vodka, tequila, etc. Recent advancements in the wine, vodka, beer coupled with changing lifestyles of consumers, rising disposable income and increase in the number of breweries and wineries worldwide are contributing towards the market growth. Moreover, the demand for premium and super-premium alcoholic beverages among the consumers is another boosting factor for the market growth. The growing number of younger and millennial population involved in socializing and mid-week/weekend parties among young and working professionals has further influenced positively towards the market growth.
Factors such as rapid urbanization, choice of consumers and their preferences towards beverages industry, rising rate of social media and internet penetration, and improving distribution and retail channels are further driving the market growth of alcoholic beverages. The market growth of alcoholic beverages is further supplemented by the rising demand for premium / super-premium products, availability of high-performance alcoholic beverages and new companies involved in manufacturing alcohol. In addition, higher premium / super premium product costs, increased health concerns, are likely to impede market growth.
Growing innovations and developments in the manufacturing of flavored wine, vodka, beer, and cocktails, changing consumer lifestyles, beverage preferences, and an increase in the number of brewers and wineries globally. However, market is facing a serious challenge from replacements such as non-alcoholic beverages and energy drinks.
Market Segmentation:
Market Breakup By Category
Beer
Wine
Spirits
Market Breakup By Wine
Still Light Wine
Sparkling Wine
Market Breakup By Spirits
Baijiu
Vodka
Whiskey
Rum
Liqueurs
Gin
Tequila
Others
Market Breakup By Alcoholic Content
High
Medium
Low
Market Breakup By Flavour
Unflavoured
Flavoured
Market Breakup By Packaging Type
Glass Bottles
Tins
Plastic Bottles
Others
Market Breakup By Distribution Channel
Supermarkets and Hypermarkets
On-Trade
Specialist Retailers
Online
Convenience Stores
Others
Regional Analysis
The report has been prepared after analyzing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political factors of the country. The team have closely analyzed the data of revenue, production, and manufacturers of each region. These analyses will help the reader to identify the key regions as potential worth of investment in the coming years.
Market Breakup By Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The reader can will get an updated information on their revenue of manufacturers, product portfolio, recent development and expansion plans during the forecast period
Major players operating in the vertical farming market are:
E & J Gallo
William Grant & Sons
Boston Beer
Miller Coors
Diageo
Treasury Wine Estates
Jose Cuervo
Constellation Brands
Beam-Suntory
Mast-Jaegermeister
Bacardi
Pernod Ricard
Edrington Group
Brown-Forman
Pabst Brewing
Anheuser-Busch
Carlsberg
Accolade Wines
Vina Concha y Toro
Torres
Heineken
The Wine Group
Craft Brew Alliance Inc.
Molson Coors Brewing Co.
Others
Global Alcoholic Beverages Market Research Report, 2020-2031.
Table of Contents
Global Alcoholic Beverages Market Research Report, 2020-2031.
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