Alcoholic Beverages Market Is Expected To Witness Rapid Expansion By The End Of 2026

Alcoholic Beverages Market

Alcoholic beverages are prepared by adding ethanol to the beverages. It is available in the varied alcohol concentration of 3%–50% and is consumed socially or daily. Consuming alcohol socially in low dose reduces anxiety and causes euphoria with improvement in sociability. Consumption of higher doses of alcohol unconsciousness, drunkenness, stupor, or death in some cases. Prolonged consumption of alcohol in high doses cause alcohol abuse, alcoholism, physical dependence, and cancer. Alcoholic beverages is the most widely used recreational drug across the globe with more than 33% current drinkers.

Rising demand for alcoholic beverages across the globe and surge in young-adult demographics worldwide are the key factors driving the global alcoholic beverages market. After the decline in alcoholic beverages consumption by 1.25% across the globe, the market experienced 0.01% growth in 2017. Moreover, the highest alcoholic beverage demand is experienced by countries in Europe including Lithuania, the Czech Republic, France, Ireland, and Belarus.

The Alcoholic Beverages Market research report is the latest report published by StraitsResearch which is committed to delivering details of the Alcoholic Beverages industry. Straits Research offers a high level of accuracy, an in-depth valuation, and systematic research methodology to the reader that helped to collect the info from direct as well as indirect sources. Forecasting patterns were considered across the various regions where the Alcoholic Beverages industry is growing steadily. The report has taken a deep dive into the market and has extracted the data from secondary and primary sources.

The global alcoholic beverages market was valued at USD 1,547 billion in 2018 and is expected to reach USD 1,784 billion by 2026, registering a CAGR of 2.1% during 2019–2026.

The Alcoholic Beverages Market is segmented into different sections such as by type, by application, by end-users, and by regions. The report about the Alcoholic Beverages industry covered the markets by analyzing the top players participating in the market. To make this report an exceptional one, several parameters are models are used which include SWOT analysis, Porters five force model, and pestle analysis.

Development in technology and innovations have created an educated workforce which ultimately witnessed in increasing per capita income and this particular factor has positively impacted on the growth of the Alcoholic Beverages market since the past few years.

Top Market Key Players:

Some of the major players in the market are Carlsberg A/S, Suntory Holdings Ltd., Constellation Brands Inc., Brown-Forman Corporation, Craft Brew Alliance Inc., Anheuser-Busch InBev SA/NV, Diageo Plc., Molson Coors Brewing Co., The Wine Group LLC, Asahi Group Holdings Ltd., United Breweries Limited, Bundaberg Brewed Drinks Pty Ltd, Halewood International Holdings Plc, Bacardi Limited, Heineken Holding N.V., The Boston Beer Company Inc., Pernod Ricard SA, DGB Pty Ltd., Accolade Wines Holdings Australia Pty Limited, and Bronco Wine Company.

Segmentation of Alcoholic Beverages Market:

By Type, Distilled Spirits, Whiskey, Rum, Vodka, Others, Beer, Lager, Ale, Hybrid, Wine, Sparkling, Fortified, Champagne, Others

By Distribution Channel, Supermarkets, Liquor Stores, Convenience Stores, On-Premises, Grocery Shops, Internet Retailing

In the end, this report discusses the key drivers influencing the market growth, opportunities, challenges and the risks faced by key players and the Alcoholic Beverages market as a whole. Additionally, It analyzes the emerging trends and their impact on present and future market statistics and development.

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