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Table of Contents
Global Alcoholic Drinks Market is estimated to reach at a CAGR of 6.1% between 2024 and 2030. Alcoholic drinks contains ethanol commonly known as alcohol. Alcoholic drinks are broadly categorized into three categories- beer, wines and distilled beverages. Beer and wines are fermented drinks. Beer is made by brewing cereal grains like malted barley, wheat, maize, and rye. Fermentation of the starch sugars in the wort produces ethanol and carbonation which results beer and this process is known as brewing.
Wine is an alcoholic beverage made from grapes, fermented without the addition of sugars, acids, enzymes, water, or other nutrients. Rice wine, fruit wine are also available in market. A distilled drinks are produced by distillation of ethanol. These are completely different from undistilled fermented beverages such as beer, wine, and cider. Vodka, gin, baijiu, tequila, rum, whisky, brandy, Singani and soju are some examples of distilled drinks.
Alcoholic drinks contains 3% to 40% of alcohol by volume. Moderate alcohol consumption has several benefits. Alcoholic drinks are good source of food energy. Also it can lower risk of cardiovascular disease, lengthens your Life, improves libido. It prevents common cold. It can decrease chances of developing dementia. It can reduce the risk of gallstones. It also lowers the chances of diabetes. The consumption of beer, wine and other distilled drinks is increasing in young and adult population.
Geographically, Global Alcoholic Drinks Market is segmented into several areas- North America, Europe, China, Japan, Southeast Asia and India. The growth rate of North America will be slow during forecast period as it is a mature market for alcoholic drinks. At present Europe shares largest market for alcoholic drinks followed by Asia – Pacific region. China is the biggest consumer of the alcoholic drinks followed by India. Increasing population and increased demand for premium and super premium alcohol are the factors responsible for rapid growing rate in Asia– Pacific.
Alcoholic Drinks Market: Product Type
Alcoholic Drinks Market: Application / End User
Alcoholic Drinks Market : Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Alcoholic Drinks Market :
Geographical analysis of Alcoholic Drinks Market:
Global Alcoholic Drinks Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 1603 million |
Forecast Value (2031) |
USD 2442.33 million |
CAGR (2025-2030) |
6.2 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Alcoholic Drinks Market was valued at around USD 1603 million in 2023 & estimated to reach USD 2442.33 million by 2030.
Alcoholic Drinks Market is likely to grow at Compound Annual Growth Rate (CAGR) of 6.2% between 2024 to 2030.
Alcoholic Drinks Market is dominated by the Beer segment and the Europe region holds the highest market share in 2023.
Some of the top key players in the Alcoholic Drinks Market are Anheuser Busch InBev,Accolade Wines,Bacardi,Beam-Suntory,Carlsberg Group,Constellation Brands,China Resource Enterprise,Diageo,Heineken,E. & J. Gallo Winery,Pernod Ricard,SAB Miller,The Wine Group,Torres,Treasury Wine Estates,Vino Concha y Toro,ABD,Aceo,Aha Yeto,Arcus,Asahi Breweries,Belvedere Vodka,Ben Nevis Distillery,Boston Beer,Camino Real Distillery,Cape North,Christiania Spirits,Cia Tequileria Los Valores,G. G. Yuengling & Son,Distell Group.
Primary driving factors for the growth of the Alcoholic Drinks Market include Increasing population and increased demand for premium and super premium alcohol in developing countries.
Yes, the report includes COVID 19 impact on the market.
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