Global Alcoholic Beverages market size, Trends, and Growth Opportunity, By Product Type (Beer, Wine, Spirits, Others), By Alcoholic Content (High, Medium, Low), By Flavor (Unflavored, Flavored), By Category (Mass, Premium), By Packaging (Plastic Bottles, Glass Bottles, Tins), By Distribution Channel (Modern Trade, Convenience Stores, Specialty Stores, Online Retailers, Hotels/Restaurants/Bars, Commercial Stores, On Premises, Liquor Stores, Grocery Shops, Internet Retailing, Supermarkets), By Region and forecast till 2030.
Global Alcoholic Beverages Market
The global Alcoholic Beverages Market was valued at USD 1,561.99 billion in 2022 and is slated to reach USD1,978.69 billion by 2030 at a CAGR of 3.00% from 2023-2030.
When ethanol is combined with grains, fermented fruits, and sugar to create a beverage, it is known as an alcoholic beverage. While rye and barley are fermented to make spirits and beer, fruit is used as the substrate for the fermentation of cider, wine, and other alcoholic beverages. How long a beverage is kept in storage and the container it is fermented in both have an impact on how alcoholic it is. Alcoholic drinks are frequently consumed as energizing and recreational drinks.
Market Drivers
The market's expansion is anticipated to be fueled by the expanding internet marketplace for booze purchases. There is a tonne of websites online that provide alcoholic beverage distribution services and corporate party beer and wine service. A sizable facility for distribution services from several manufacturers to international markets as well as neighborhood brewers and liquor stores is also present. Yet, all online alcohol order systems require that orders be placed, delivered to, and processed by adults who are at least 21 years old. Hence, expanding online retailers of alcoholic beverages promotes market expansion. Alcoholic beverage producers are now providing ready-to-mix hybrid drinks to satisfy shifting consumer tastes and preferences. Using original flavor pairings and combining the manufacturing processes of numerous drinks, hybrid beverages are created. Among the well-liked alcoholic beverages are Kahlua Midnight, absolute tune, and malibu red (rum and tequila) (rum and Kahlua). Hence, customer preference for hybrid beverages is projected to fuel market expansion.
Market Restraints
Drinking too much alcohol can have several negative effects, including high blood pressure, heart disease, stroke, liver disease, and digestive issues. Breast, mouth, throat, esophagus, voice box, liver, colon, and rectum cancer are all examples of these diseases. The reduction in demand for alcoholic beverages as a result of all these negative effects may hinder market expansion. The growing public preference for non-alcoholic beverages such as sparkling water, tonic water, carbonated drinks, and fruit punch may restrain market expansion. Blood pressure is lowered and heart rate is maintained by non-alcoholic beverages, which lowers the market's desire for alcoholic drinks.
Recent Development
Balcones Distillery also referred to as "Balcones," was acquired by Diageo in 2022. One of the top American makers of single-malt whisky in the country is Balcones Distillery. Texas' extreme heat and temperature swings are contained in balconies to produce whiskies with distinctive characteristics.
Legacy Whisky was first created in India in 2022 by Bacardi. To improve its position and forward its business strategy in India, Bacardi aims to produce a discount pricing category for its customers through Legacy.
A brand authorization agreement was struck between The Coca-Cola Corporation and Constellation Brands Inc. 2022, a major beverage alcohol firm. Due to this arrangement, the FRESCA brand will now be included in the category of alcoholic beverages.
Market Segmentation
The global Alcoholic Beverages Market is segmented into product type, Alcoholic Content, Flavour, Category, Packaging, and Distribution Channel. By Product Types such as Beer, Ale, Lager, Hybrid, Wine, Sparkling Wine, Fortified Wine, Others, Spirits, Rum, Vodka, Whiskey, and Other Spirits. By Alcoholic Content such as High, Medium, and Low. By Flavours such as Unflavored, and Flavored. By Category such as Mass, Premium. By Packagings such as Plastic Bottles, Glass Bottles, and Tins. By Distribution Channel such as Modern Trade, Convenience Stores, Specialty Stores, Online Retailers, Hotels/Restaurants/Bars, Commercial Stores, On-Premises, Liquor Stores, Grocery Shops, Internet Retailing, and Supermarkets.
Regional Analysis
The global Alcoholic Beverages Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Due to the growing number of young adults living there, North America currently controls the majority of the global market for alcoholic beverages. Also, the growing popularity of premium alcoholic beverages will support the expansion of this market. A growing middle class in Asia-Pacific is predicted to make it the region with the fastest rate of development throughout the forecast period of 2023–2030. Also, rising demand for agave-based spirits from developing nations like China and India will further fuel market expansion in this region.
Key Players
This report includes a list of numerous Key Players, namelyHalewood International Limited (U.K.), Davide Campari-Milano N.V. (Netherlands), Diageo (U.K.), ASAHI GROUP HOLDINGS, LTD. (Japan), Accolade Wines (Australia), Bacardi (Bermuda), Mike's Hard Lemonade Co. (U.S.), CASTEL FRÈRES. (France), SUNTORY HOLDINGS LIMITED (Japan), Anheuser-Busch Companies LLC (U.S.).
Market Taxonomy
By Product Type
• Beer
• Ale
• Lager
• Hybrid
• Wine
• Sparkling Wine
• Fortified Wine
• Others
• Spirits
• Rum
• Vodka
• Whiskey
• Other Spirits
• Others
By Alcoholic Content
• High
• Medium
• Low
By Flavor
• Unflavored
• Flavored
By Category
• Mass
• Premium
By Packaging
• Plastic Bottles
• Glass Bottles
• Tins
By Distribution Channel
• Modern Trade
• Convenience Stores
• Specialty Stores
• Online Retailers
• Hotels/Restaurants/Bars
• Commercial Stores
• On-Premises
• Liquor Stores
• Grocery Shops
• Internet Retailing
• Supermarkets
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Alcoholic Beverages Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Alcoholic Beverages Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Alcoholic Beverages Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Alcoholic Beverages Market Share Analysis, By Product Type
5.3 Global Alcoholic Beverages Market Size and Forecast, By Product Type
5.3.1Beer
5.3.2 Ale
5.3.3 Lager
5.3.4 Hybrid
5.3.5 Wine
5.3.6 Sparkling Wine
5.3.7 Fortified Wine
5.3.8 Others
5.3.9 Spirits
5.3.10 Rum
5.3.11 Vodka
5.3.12 Whiskey
5.3.13 Other Spirits
5.3.14 Others
6 Global Alcoholic Beverages Market, By Alcoholic Content
6.1 Y-o-Y Growth Comparison, By Alcoholic Content
6.2 Global Alcoholic Beverages Market Share Analysis, By Alcoholic Content
6.3 Global Alcoholic Beverages Market Size and Forecast, By Alcoholic Content
6.3.1High
6.3.2 Medium
6.3.3 Low
7 Global Alcoholic Beverages Market, By Flavor
7.1 Y-o-Y Growth Comparison, By Flavor
7.2 Global Alcoholic Beverages Market Share Analysis, By Flavor
7.3 Global Alcoholic Beverages Market Size and Forecast, By Flavor
7.3.1Unflavored
7.3.2 Flavored
8 Global Alcoholic Beverages Market, By Category
8.1 Y-O-Y Growth Comparison, By Category
8.2 Global Alcoholic Beverages Market Share Analysis, By Category
8.3 Global Alcoholic Beverages Market Size and Forecast, By Category
8.3.1 Mass
8.3.2 Premium
9 Global Alcoholic Beverages Market, By Packaging
9.1 Y-O-Y Growth Comparison, By Packaging
9.2 Global Alcoholic Beverages Market Share Analysis, By Packaging
9.3 Global Alcoholic Beverages Market Size and Forecast, By Packaging
9.3.1 Plastic Bottles
9.3.2 Glass Bottles
9.3.3 Tins
10 Global Alcoholic Beverages Market, By Distribution Channel
10.1 Y-O-Y Growth Comparison, By Distribution Channel
10.2 Global Alcoholic Beverages Market Share Analysis, By Distribution Channel
10.3 Global Alcoholic Beverages Market Size and Forecast, By Distribution Channel
10.3.1 Modern Trade
10.3.2 Convenience Stores
10.3.3 Specialty Stores
10.3.4 Online Retailers
10.3.5 Hotels/Restaurants/Bars
10.3.6 Commercial Stores
10.3.7 On-Premises
10.3.8 Liquor Stores
10.3.9 Grocery Shops
10.3.10 Internet Retailing
10.3.11 Supermarkets
11Global Alcoholic Beverages Market, By Region
11.1 Global Alcoholic Beverages Market Share Analysis, By Region
11.2 Global Alcoholic Beverages Market Share Analysis, By Region
11.3 Global Alcoholic Beverages Market Size and Forecast, By Region
12 North America Alcoholic Beverages Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 North America Alcoholic Beverages Market Share Analysis, By Product Type
12.3 North America Alcoholic Beverages Market Size and Forecast, By Alcoholic Content
12.4 North America Alcoholic Beverages Market Size and Forecast, By Flavor
12.5 North America Alcoholic Beverages MarketSize and Forecast, By Category
12.6 North America Alcoholic Beverages Market Size and Forecast, By End-Use
12.7 North America Alcoholic Beverages Market Size and Forecast, By Distribution Channel
12.8 North America Alcoholic Beverages Market Size and Forecast, By Country
12.8.1 U.S.
12.8.2 Canada
12.8.3 Mexico
13EuropeAlcoholic Beverages Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Europe Alcoholic Beverages Market Share Analysis, By Product Type
13.3 Europe Alcoholic Beverages Market Size and Forecast, By Alcoholic Content
13.4 Europe Alcoholic Beverages Market Size and Forecast, By Flavor
13.5 Europe Alcoholic Beverages Market Size and Forecast, By Category
13.6 Europe Alcoholic Beverages Market Size and Forecast, By Packaging
13.7 Europe Alcoholic Beverages Market Size and Forecast, By Distribution Channel
13.8 Europe Alcoholic Beverages Market Size and Forecast, By Country
13.8.1 Germany
13.8.2 France
13.8.3 UK
13.8.4. Rest of Europe
14Asia Pacific Alcoholic Beverages Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Asia Pacific Alcoholic Beverages Market Share Analysis, By Product Type
14.3 Asia Pacific Alcoholic Beverages Market Size and Forecast, By Alcoholic Content
14.4 Asia Pacific Alcoholic Beverages Market Size and Forecast, By Flavor
14.5 Asia Pacific Alcoholic Beverages Market Size and Forecast, By Category
14.6 Asia Pacific Alcoholic Beverages Market Size and Forecast, By Packaging
14.7 Asia Pacific Alcoholic Beverages Market Size and Forecast, By Distribution Channel
14.8 Asia Pacific Alcoholic Beverages Market Size and Forecast, By Country
14.8.1 China
14.8.2 Japan
14.8.3 India
14.8.4. Rest of Asia Pacific
15Latin America Alcoholic Beverages Market Analysis and Forecast (2023-2030)
15.1 Introduction
15.2 Latin America Alcoholic Beverages Market Share Analysis, By Product Type
15.3 Latin America Alcoholic Beverages Market Size and Forecast, By Alcoholic Content
15.4 Latin America Alcoholic Beverages Market Size and Forecast, By Flavor
15.5 Latin America Alcoholic Beverages Market Size and Forecast, By Category
15.6 Latin America Alcoholic Beverages Market Size and Forecast, By Packaging
15.7 Latin America Alcoholic Beverages Market Size and Forecast, By Distribution Channel
15.8 Latin America Alcoholic Beverages Market Size and Forecast, Country
15.8.1. Brazil
15.8.2.Rest of Latin America
16 Middle East Alcoholic Beverages Market Analysis and Forecast (2023-2030)
16.1 Introduction
16.2 Middle East Alcoholic Beverages Market Share Analysis, By Product Type
16.3 Middle East Alcoholic Beverages Market Size and Forecast, By Alcoholic Content
16.4 Middle East Alcoholic Beverages Market Size and Forecast, By Flavor
16.5 Middle East Alcoholic Beverages Market Size and Forecast, By Category
16.6 Middle East Alcoholic Beverages Market Size and Forecast, By Packaging
16.7 Middle East Alcoholic Beverages Market Size and Forecast, By Distribution Channel
16.8 Middle East Alcoholic Beverages Market Size and Forecast, By Country
16.8.1. Saudi Arabia
16.8.2. UAE
16.8.3. Egypt
16.8.4. Kuwait
16.8.5. South Africa
17 Competitive Analysis
17.1 Competition Dashboard
17.2 Market share Analysis of Top Vendors
17.3 Key Development Strategies
18Company Profiles
18.1 Halewood International Limited (U.K.)
18.1.1 Overview
18.1.2 Offerings
18.1.3 Key Financials
18.1.4 Business Segment & Geographic Overview
18.1.5 Key Market Developments
18.1.6 Key Strategies
18.2Davide Campari-Milano N.V. (Netherlands)
18.2.1 Overview
18.2.2 Offerings
18.2.3 Key Financials
18.2.4 Business Segment & Geographic Overview
18.2.5 Key Market Developments
18.2.6 Key Strategies
18.3Diageo (U.K.)
18.3.1 Overview
18.3.2 Offerings
18.3.3 Key Financials
18.3.4 Business Segment & Geographic Overview
18.3.5 Key Market Developments
18.3.6 Key Strategies
18.4 Asahi Group Holdings, LTD. (Japan)
18.4.1 Overview
18.4.2 Offerings
18.4.3 Key Financials
18.4.4 Business Segment & Geographic Overview
18.4.5 Key Market Developments
18.4.6 Key Strategies
18.5 Accolade Wines (Australia)
18.5.1 Overview
18.5.2 Offerings
18.5.3 Key Financials
18.5.4 Business Segment & Geographic Overview
18.5.5 Key Market Developments
18.5.6 Key Strategies
18.6 Bacardi (Bermuda)
18.6.1 Overview
18.6.2 Offerings
18.6.3 Key Financials
18.6.4 Business Segment & Geographic Overview
18.6.5 Key Market Developments
18.6.6 Key Strategies
18.7 Mike's Hard Lemonade Co. (U.S.)
18.7.1 Overview
18.7.2 Offerings
18.7.3 Key Financials
18.7.4 Business Segment & Geographic Overview
18.7.5 Key Market Developments
18.7.6 Key Strategies
18.8 Castel Frères, (France)
18.8.1 Overview
18.8.2 Offerings
18.8.3 Key Financials
18.8.4 Business Segment & Geographic Overview
18.8.5 Key Market Developments
18.8.6 Key Strategies
18.9 Suntory Holdings Limited (Japan)
18.9.1 Overview
18.9.2 Offerings
18.9.3 Key Financials
18.9.4 Business Segment & Geographic Overview
18.9.5 Key Market Developments
18.9.6 Key Strategies
18.10Anheuser-Busch Companies LLC (U.S.)
18.10.1 Overview
18.10.2 Offerings
18.10.3 Key Financials
18.10.4 Business Segment & Geographic Overview
18.10.5 Key Market Developments
18.10.6 Key Strategies
