Alcoholic Beverages Market Overview:
Global Alcoholic Beverages Market was valued at $1,344 billion in 2015, and is expected to reach $1,594 billion by 2022, registering a CAGR of 2.1% from 2016 to 2022. For thousands of years, most cultures across the globe have traditionally consumed some form of alcoholic beverage or other. However, local specialty alcoholic beverages still account for the majority of all those that exist. Only a small number have evolved into commodities that are produced commercially on a large scale. On a global level, beer from barley, wine from grapes, and other distilled beverages are sold as commodities. The pricing of these beverages are largely determined by the costs of production and the duties levied on those costs. The effects of prices as measured with price elasticities differ both, across countries and different time periods.
The global alcoholic beverages market is driven by the increase in global young-adult demographic, coupled with high disposable income and consumer demand for premium/super premium products. However, high cost of premium/super premium products, and escalation of non-alcoholic beverages market, owing to health concerns, is expected to restrict the market growth in future. Mergers are expected to remain as the key strategy, as players seek to widen their brand portfolios and expand their market reach.
The report segments global alcoholic beverages market based on type, distribution channel, and geography. The type segment is classified into beer, distilled spirits, wine, and others. Various types of Beer include Ale, Lager, and Hybrid, whereas distilled spirits include Rum, Whiskey, Vodka, and others. Similarly, Wine is either Sparkling or 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.
Top Investment Pockets
In 2015, distilled spirits segment accounted for over one-third of the global market share. In terms of volume, these types held approximately 28% share in the overall market. Distilled Spirits is the top investment pocket in the alcoholic beverages market, attributed to boom in premium/super premium whiskey consumption and the demand shift from beer. Thus, this segment is anticipated to provide high stability along with significant return on investment for the stakeholders, owing to its high growth rate and significant revenue contribution.
Global Alcoholic Beverages Market Analysis
Consumption of alcoholic beverages in North America is expected to increase due to the growth in young‐adult population, and change in trend to elevated consumption of high-quality alcoholic beverages. Emerging markets such as China and India, are expected to witness the highest increase in demand for alcoholic beverages during the forecast period in Asia-Pacific. This can be primarily attributed to the substantial growth in disposable income in this region. However, Europe is expected to be the fastest growing region, closely followed by LAMEA owing to the increase in alcohol drinking demographic population.
Canada Alcoholic Beverages Market, 2014-2022 ($Million)
Major companies have adopted agreement, product launch, expansion, and merger strategies to sustain the intense market competition. Key players profiled in the report include 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 market players (not profiled in report) in the value chain include Accolade Wines Ltd., Asahi Breweries Ltd., Brown-Forman Corp., Carlsberg A/S, China Resources Beer Company Limited, Rémy Cointreau SA, Tsingtao Brewery Co. Ltd., Treasury Wine Estates, Thai Beverage Public Co., Ltd., The Wine Group.
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 the market size is conducted, and estimations for key segments between 2014 and 2022 are provided.
- Competitive intelligence (of leading manufacturers and distributors) facilitates to understand the competitive scenario across the geographies.
- Factors that drive and restrain the growth of the market are provided 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 provides a competitive outlook of the industry trends.
Alcoholic Beverages Market Key Segments
- Distilled Spirits
By Distribution Channel
- Convenience Stores
- On Premises
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA