The latest intelligence report published by Report Ocean, titled “Global “Alcoholic Beverages Market “2023: Increase in Demand and Opportunities,” offers valuable insights into the industry. The report provides a comprehensive analysis of research and information from various sources, empowering decision-makers worldwide to make a significant impact on the global economy. With a dynamic vision of the market size, statistics, and competitive landscape, the report presents a complete overview of the industry. It covers future trends, growth factors, consumption, production volume, CAGR value, opinions, profit margin, pricing, and industry-validated market data. This report assists individuals and market competitors in predicting future profitability and making crucial decisions for business growth.
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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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.
The prominent players in the global alcoholic beverages market have strategically focused on product launches as their key strategy to gain significant market share.
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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
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
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
Market Dynamics:
Drivers:
- Increasing emphasis on self-care and wellness, particularly among women. A
- Growing awareness of the health and beauty benefits offered by dietary supplements.
- Rising disposable incomes and willingness to invest in premium health and beauty products.
- Influence of social media and beauty influencers shaping consumer preferences.
- Changing lifestyles and health concerns driving the demand for supplementary nutrition.
Restraints:
- Lack of regulatory oversight and quality control in the supplements industry.
- Consumer skepticism and confusion regarding product claims and effectiveness.
- Potential risks and interactions with other medications or health conditions.
- Limited accessibility and affordability of supplements in certain regions.
Opportunities:
- Increasing demand for natural and organic supplements.
- Untapped market potential in the Asia-Pacific region.
- Development of innovative formulations and delivery methods.
- Collaborations with beauty brands or influencers for product endorsements.
- Integration of technology to personalize nutrition and enhance consumer experience.
Challenges:
- Intense competition among market players.
- Navigating regulatory complexities and meeting regional standards.
- Building trust and credibility with consumers.
- Educating consumers about the benefits and proper usage of supplements.
- Addressing concerns and skepticism regarding the safety and efficacy of supplements.
The report will include answers to the following key questions:
- What are the key current trends that can impact the product life cycle and return on investment?
- How do regulatory changes affect corporate, business, and functional strategies?
- Which initiatives by major players in micromarketing are likely to attract investment?
- What are the recommended frameworks and methodologies for conducting PESTLE analysis?
- In which areas are there emerging opportunities for growth and development?
- Which game-changing technologies will be instrumental in capturing new revenue streams in the near future?
- What operational and tactical frameworks are different players adopting to foster customer loyalty?
- What is the current level of market rivalry, and what is the expected degree of competition in the coming years?
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