The global alcoholic drinks market is expected to grow by 18.88
bn liters as per Technavio. This marks a significant market growth
compared to the 2019 growth estimates due to the impact of the
COVID-19 pandemic in the first half of 2020. Steady growth is
expected to continue throughout the forecast period, and the market
is expected to grow at a CAGR of over 1%.
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Technavio has announced its latest market
research report titled Global Alcoholic Drinks Market 2020-2024
(Graphic: Business Wire)
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pages of the alcoholic drinks market
Read the 120-page report with TOC on "Alcoholic Drinks Market
Analysis Report by Type (Beer, Wine, Spirits, RTD pre-mixes, and
Cider), Geography (APAC, Europe, MEA, North America, and South
America), and the Segment Forecasts, 2020-2024".
https://www.technavio.com/report/global-alcoholic-drinks-market-industry-analysis
The market is driven by the premiumization of drinks. In
addition, the demand for lighter alcoholic beverages that pose
fewer health risks is anticipated to boost the growth of the
alcoholic drinks market.
The rich taste and enhanced smoothness of premium alcoholic
beverages have increased their demand among consumers. During
2009-2014, the super-premium alcoholic drinks segment grew by about
5%, while the premium segment witnessed a growth of about 2%. In
addition, the demand for premium alcoholic drinks has been growing
faster in comparison to regular priced alcoholic drinks. This is
encouraging market players to introduce a wide range of products in
the premium alcoholic drinks segment to expand their customer base.
Therefore, the increasing focus on product premiumization is one of
the key factors driving the growth of the global alcoholic drinks
market.
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Major Five Alcoholic Drinks Companies:
Anheuser Busch InBev SA/NV
Anheuser Busch InBev SA/NV operates its business through
segments such as North America, Latin America West, Latin America
North, Latin America South, EMEA, APAC, and Global Export and
holding companies. The company offers beer under numerous brands
including Brahma, Aguila, Budweiser, Corona, Kirin, and others.
Bacardi Global Brands Ltd.
Bacardi Global Brands Ltd. operates its business through
segments such as BACARDI Rum, DEWAR'S Blended Scotch Whisky, BOMBAY
SAPPHIRE Gin, GREY GOOSE Vodka, and Others. The company offers
spirits and wine products under brands such as Bombay Sapphire,
Dewar, Bacardi, Martini Vermouth, Eristoff, Grey Goose, Aberfedly,
and Cazadores.
Beam Suntory Inc.
Beam Suntory Inc. operates its business through segments such as
Whiskey, Tequila, Cognac, Vodka, and Others. The company offers
spirit products under numerous brands including Jim Beam, Hibiki
whisky, Vox vodka, and others.
Carlsberg Group
Carlsberg Group operates its business through segments such as
Western Europe, Asia, and Eastern Europe. The company offers
alcoholic and non-alcoholic products under international and local
brands.
Constellation Brands Inc.
Constellation Brands Inc. operates its business through segments
such as Beer, Wine and Spirits, and Corporate Operations and Other.
The company offers beers, spirits, and wines.
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Alcoholic Drinks Market Type Outlook (Revenue, Billion Liters,
2020-2024)
- Beer
- Wine
- Spirits
- RTD pre-mixes
- Cider
Alcoholic Drinks Market Regional Outlook (Revenue, Billion
Liters, 2020-2024)
- APAC
- Europe
- MEA
- North America
- South America
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Related Reports on Consumer
Staples Include:
Global Beer Market – Global
beer market by distribution channel (on-trade and off-trade) and
geography (APAC, Europe, MEA, North America, and South
America).
Global Cannabis-based Alcoholic
Beverage Market – Global cannabis-based alcoholic
beverage market by product (cannabis-infused beers,
cannabis-infused spirits, and cannabis-infused wines) and geography
(APAC, Europe, MEA, North America, and South America).
About Technavio
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and potential markets and assess their competitive positions within
changing market scenarios.
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version on businesswire.com: https://www.businesswire.com/news/home/20200709005463/en/
Technavio Research Jesse Maida Media & Marketing Executive
US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com
Website: www.technavio.com/