According to the latest report from the IMARC group, âAlcoholic Beverages Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2021-2026Â», Notes that the alcoholic beverages market share reached US $ 1,587 billion in 2020. Looking ahead, IMARC Group expects the market to reach a value of US $ 1,837 billion by 2026.
Alcoholic beverages are drinks fermented from sugars found in berries, fruits, grains, plant sap, honey and tubers. Anaerobic fermentation takes place through the use of yeasts, which convert sugars into ethanol and carbon dioxide. Depending on the fermentable material used, this process imparts characteristic flavors and aromas to beverages, which are further classified into beers, wines and spirits. The alcohol content of the drink usually depends on the type of product and the period in which it is stored to age. Since alcohol is classified as a depressant, it is widely consumed for its physiological and psychological effects as a recreational drink.
As the novel coronavirus (COVID-19) crisis sweeps the world, we are continually monitoring changes in markets, as well as consumer buying behaviors around the world – our estimates on the latest market trends and values. forecasts after examining the impact of this pandemic. These observations will be incorporated into the report.
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Global Alcoholic Beverage Market Trends:
The increase in alcohol consumption, especially among early-career professionals, coupled with the upward trend in corporate gatherings and midweek parties, has primarily facilitated the growth of the market. Rapid urbanization, increasing disposable income, and improving consumer lifestyle have driven the demand for premium and super premium alcohol variants across the world, thereby enhancing the market growth. In addition to this, several companies are investing significantly in the e-commerce sector. The convenience and variety offered by online platforms currently influence the sales of alcoholic beverages. In addition, several manufacturers are incorporating biodegradable packaging solutions and sustainable methods into the manufacturing process due to the growing environmental awareness of the masses. For example, Carlsberg, a leading brewing group based in Denmark, aims to achieve zero carbon emissions in its breweries by 2030.
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Key market segmentation:
Competitive landscape with Key Player:
- Anheuser-Busch InBev SA / NV
- MillerCoors (Molson Coors Brewing Company)
- Heineken Holdings SA
- Carlsberg A / S Breweries
- Diageo plc, Bacardi & Company Limited
- Olvi Oyj
- Tsingtao Brewery Company Limited
- Beijing Yanjing Brewery Co. Ltd.
- Kirin Holdings Company, Limited.
Market breakdown by category:
- Still light wine
- Sparkling wine
Market breakdown by alcohol content:
Market breakdown by flavor:
Market breakdown by type of packaging:
- Glass bottles
- Plastic bottles
Market breakdown by distribution channel:
- Supermarkets and hypermarkets
- On the market
- Specialized retailers
- In line
- Convenience Stores
Market breakdown by region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America.
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
The IMARC group is a leading market research company providing management strategies and market research worldwide. We partner with clients across industries and regions to identify their most exciting opportunities, address their most critical challenges and transform their businesses.
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