U.S (New York)– The “Alcoholic Beverages Market” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Bahrain Alcoholic Beverages Market, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
The global alcoholic beverages market was valued at $1,375 billion in 2015, and is expected to reach $1,594 billion by 2022, registering a CAGR of 2.1% from 2016 to 2022. Alcoholic beverages are consumed in all demographics of the world, and are based on the substrates which are locally available. For instance, sparkling and fortified wines are extracted from grapes, while beers from sorghum, maize, and other spirits prepared from various plants. The differences between the prices of alcoholic beverages are largely determined by two factors;-the costs of production and the duties levied on those costs. The production methods also play a crucial role in determining prices of premium/super premium spirits and wines.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The expansion of global young adult population, high disposable income, and demand for premium products drive the growth of the alcoholic beverages market. However, high cost of premium/super premium products, and growth in demand for non-alcoholic beverages owing to health issues has the potential to restrict the market growth in future.
The global alcoholic beverages market is segmented based on type, distribution channel, and geography. The type segment is classified into beer, distilled spirits, wine, and others. Beer is further segmented into Ale, Lager, and Hybrid, whereas distilled spirits include Rum, Whiskey, Vodka, and others. The wine segment includes sparkling and fortified. Based on distribution channel, the market is divided into convenience stores, on premises, retailers, and supermarkets. By geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
In 2015, Asia-Pacific occupied the largest market share, followed by North America, due to major growth in the disposable income and large alcohol-consuming demographic. Asia-Pacific is expected to dominate the global market by 2022, witnessing substantial growth in widely populated countries such as, China, India, and Japan.
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The prominent players in the global alcoholic beverages market have strategically focused on product launches as their key strategy to gain significant market share.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current trends and emerging estimations and dynamics in the alcoholic beverages market.
In-depth analysis of alcoholic beverages market size is conducted and estimations for key segments between 2014 and 2022 are provided.
Global alcoholic beverages industry analysis for factors that drive and restrain the growth of the market are provided.
Alcoholic beverages market share for all segments with respect to each geography is detailed in the report.
Industry analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
Key market players are profiled and their strategies are analyzed thoroughly, which provide a competitive outlook of the alcoholic beverages industry trends.
The key players profiled in the report are as follows:
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.
United Spirits Ltd.
*Other players in the value chain include
Accolade Wines Ltd.
Asahi Breweries Ltd.
Brown-Forman Corp.
Carlsberg A/S
China Resources Beer Company Limited
Remy Cointreau SA
Tsingtao Brewery Co. Ltd.
Treasury Wine Estates
Thai Beverage Public Co., Ltd.
The Wine Group
Alcoholic Beverages Market Key Segments:
By Type
Beer
Ale
Lager
Hybrid
Distilled Spirits
Rum
Whiskey
Vodka
Others
Wine
Sparkling
Fortified
Others
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By Distribution channel
Convenience Stores
On Premises
Retailers
Supermarkets
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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