Scope of the Study
The global alcoholic beverages market is expected to witnesses a high demand in the forecasted period due to the Rise of the alcohol eCommerce market, new tools for alcohol product safety and ready-to-mix hybrid beverages are the major trends witnessed in the global alcoholic beverages market. Alcoholic beverages are the fermented drinks that contain the chemical properties of ethanol. They are flammable and colorless liquid such as beer, spirits, and wine. These are made by allowing the sugars in berries, fruits, grains, and others to go through decomposition or fermentation. The percentage of alcohol in drinks can be maximized by the distillation process. In this process, vodka, whiskey, brandy, rum is produced, which usually contains 40 percent of pure alcohol.
The market study is being classified by Type (Beer [Ale, Lager, Hybrid], Distilled Spirits [Rum, Whiskey, Vodka, Others], Wine [Sparkling, Fortified, Others] and Others) and major geographies with country level break-up. According to AMA, the Global Alcoholic Beverages market is expected to see growth rate of 7.6%
Diageo plc (United Kingdom), Bacardi Limited (England), Constellation Brands, Inc. (United States), Anheuser-Busch InBev (Belgium), Heineken Holding NV (Netherlands), Molson Coors Brewing Company (United States), The Boston Beer Company Inc.(United States), The Wine Group LLC (United States) and E & J Gallo (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are William Grant & Sons (United Kingdom), Miller Coors (United States), Treasury Wine (Australia), Constellation Brands (United States), Beam-Suntory (United States), Mast-Jaegermeister (Germany) and Pernod Ricard (France).
The alcoholic beverages industry is considered to be a consolidated market with few companies holding maximum market share. Product launches, followed by new mergers and acquisitions, are the most preferred strategy in the global alcoholic beverage market. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Alcoholic Beverages market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Alcoholic Beverages market by Type, Application and Region.
On the basis of geography, the market of Alcoholic Beverages has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand for Premium Alcoholic Beverages
- Increase in Disposable Income of Customers
- New Product Launches and Innovations as well as Change in Consumer Preference
- Premiumization Driving the Alcoholic Beverage Market
- The High Cost of Premium or Super Premium Products
- Intensification of Non-Alcoholic Beverages market, Owing to Health Concerns
- With the growing demand for beverages with low alcohol content and flavored alcoholic beverages for entry-level drinkers, decreasing prices of drinks, the scope, and potential for the global alcoholic beverages market is expected to significantly rise in the forecast period.
- Increasing Government Regulation and Taxes
The Federal Uniform Drinking Age Act of 1984 established the minimum legal drinking age as 21 years old, and nearly every state abides by that standard, although there are some exceptions that states in various localities may recognize. The federal government can withhold certain percentages of federal funding if states do not abide by this minimum standard. Again, most states abide by the minimum standard; however, there are some exceptions in some states that allow individuals under the age of 21 to drink alcohol with parents, certain family members, or guardians. The specification of who actually qualifies as a guardian or family member will vary depending on the state that has this policy.
Key Target AudienceThe Alcoholic Beverages Manufactures, Distributors, Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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