Alcoholic Beverages Market Detailed Analysis of Current
Industry Figures with Forecast to 2030

Alcoholic
Beverages Market Growth
Trend & Forecast with latest research study released by Delvens evaluating
the market risk side analysis, highlighting opportunities, and leveraging
strategic and tactical decision-making support. The report provides information
on market trends and development, growth drivers, technologies, and the
changing investment structure of the Global market, the global Alcoholic
Beverages Market size was estimated at USD 1,678 billion in 2023 and is
projected to reach USD 2,212 billion in 2030 at a CAGR of 4.12% during the
forecast period to 2030.

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An alcoholic beverage, also referred to as an alcoholic
drink, an adult beverage, or a libation, is a potable liquid that contains
ethanol. This chemical compound, which is reminiscent of a drug, is derived
from the fermentation of grains, fruits, or other sources of sugar, and is
categorized as a form of alcoholic beverage. Imbibing, or the act of consuming
alcoholic beverages, is a customary social activity that holds considerable
cultural significance.

Recent Developments

·       
Diageo acquired Balcones Distilling (often known
as "Balcones"), a Texas craft distiller and one of the leading
manufacturers of American Single Malt Whisky in the United States.

·       
Bacardi launched an Indian-made whiskey named
Legacy. Bacardi intends to create a discount pricing category for its customers
through Legacy in order to further strengthen its expansion plan in India.

Asia Pacific to Dominate
the Market

·       
Asia Pacific is estimated to account for the
largest market share during the forecast period. In Asia Pacific, the market's
steady growth can be attributed to the rising demand for premium alcohol and
the working population's social lifestyle.

·       
Moreover, the growing income of middle-class
consumers, the higher purchasing power, and rapid urbanization have pushed
consumers toward trying super premium alcohols, contributing to market growth.

The prominent players
in the Alcoholic Beverages Market:

·       
Accolade Wines

·       
Anheuser-Busch InBev

·       
Asahi Group Holdings Ltd

·       
Bacardi Limited

·       
Boston Beer Company Inc.

·       
Brown Forman

·       
Carlsberg Group

·       
Castel Frères.

·       
Heineken Holding NV

·       
Mike's Hard Lemonade Co.

·       
Miller Brewing Co.

·       
Molson Coors Brewing Company

·       
Pernod Ricard

·       
Suntory Beverage & Food Limited and More

Key Findings

·       
The type segment is further fragmented into
beer, distilled spirits, wine and others. The Beer segment is expected to
account for a larger market size during the forecast period. Beer is a commonly
favored beverage among consumers as a preventative measure against heart
disease and stroke.

·       
The distribution channel segment is further
bifurcated into convenience stores, on-premises, liquid stores, grocery stores,
internet retailing and supermarkets. The supermarkets is the largest market
during the forecast period. The preference of customers is inclined towards the
acquisition of alcoholic beverages that are discounted and offer health
benefits owing to limited consumption. 

·       
The market is also divided into various regions
such as North America, Europe, Asia-Pacific, South America, and Middle East and
Africa. Asia Pacific is estimated to account for the largest market share
during the forecast period. In Asia Pacific, the market's steady growth can be
attributed to the rising demand for premium alcohol and the working
population's social lifestyle.

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