Global Alcoholic Beverages Market – Industry Trends and Forecast to 2030

Global Alcoholic Beverages Market, By Product Type (Beer, Wine, Spirits, Others), Alcoholic Content (High, Medium, Low), Flavor (Unflavored, Flavored), Category (Mass, Premium), Packaging (Plastic Bottles, Glass Bottles, Tins), Distribution Channel (Modern Trade, Convenience Stores, Specialty Stores, Online Retailers, Hotels/Restaurants/Bars, Commercial Stores, On Premises, Liquor Stores, Grocery Shops, Internet Retailing, Supermarkets) – Industry Trends and Forecast to 2030.

Alcoholic Beverages Market Analysis and Size

The global alcoholic beverages market is increasing rapidly because of the growing youth population, increasing middle-class income, and a strong economy. The increasing consumer demand for new variants, in the case of alcoholic beverages, has generated a revolution in craft beer formulation. Hence, to cater to the upsurge in market demand, the manufacture of craft beer in different regional and global breweries has augmented significantly. Furthermore, increasing knowledge of the negative effects of low alcohol consumption among consumers leads to a rise in demand for high and primary alcoholic beverages. Producers of high-performance, high-quality alcoholic beverages are experiencing massive commercial growth.

Data Bridge Market Research analyses that the alcoholic beverages market is expected to reach USD 1,978.69 billion by 2030, which was USD 1,561.99 billion in 2022, registering a CAGR of 3.00% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Alcoholic Beverages Market Scope and Segmentation

Market Definition

An alcoholic beverage is a drink that is prepared by mixing ethanol with grains, fermented fruits, and sugar. Ciders and wines are made using a fermented fruit base, while spirits and beers are prepared by fermenting rye and barley. The alcoholic content of the beverage is affected by how long it is stored and on the container in which it is fermented. Alcoholic beverages are extensively consumed as recreational and rejuvenating drinks.

Global Alcoholic Beverages Market Dynamics

Drivers

• Increasing online platforms for buying alcoholic beverages

The growing online platform for purchasing alcoholic beverages is expected to drive the market's growth during the forecast period. There are numerous online websites to offer alcoholic beverages distribution facilities and corporate parties for beer and wine service. There is also a substantial distribution services facility from numerous manufacturers to various countries and local breweries and liquor stores. However, all online alcohol order platforms must be made, shipped to, and processed by an adult who is 21 or older. Hence, increasing online platforms for buying alcoholic beverages boosts the market growth.

• Growing preference among consumers for hybrid beverages

Manufacturers of alcoholic beverages are now offering ready-to-mix hybrid beverages to fulfill the changing consumer preferences and tastes. Hybrid beverages are formed by using unique flavor combinations and production methods from several drinks. Some of the popular beverages include Malibu red (rum and tequila), absolute tune (vodka and sparkling wine), and Kahlua midnight (rum and Kahlua). Therefore, the growing preference among consumers for hybrid beverages is likely to drive market growth.

Opportunities

• The increasing population widens the market scope

The global population is growing swiftly and is likely to reach about 10 billion by 2050. An increasing population generates large demand for alcoholic beverages, which is expected to create ample opportunities for market growth. Crop production, trade volumes, and farming activities will have to increase to fulfill the increased population demand. Hence, companies in the alcoholic beverages market are expected to benefit from the increasing demand for alcoholic beverages products because of the increasing population in the forecast period.

• Growing demand for premium products

Increasing demand for premium products will create ample opportunities for the alcoholic beverages market growth. In the alcohol industry in the U.S., the fastest-growing section is the ready-to-drink cocktail business, which has enough potential to develop into new markets and also deliver access to premium cocktails of bar quality. For instance, there is a rapid growth of bar-quality cocktails named cutwater. Currently, cutwater tops ready-to-drink cocktails in the U.S. full-flavor cocktail market with the increase in growth in 2021. Thus, the growing demand for premium products boosts the market growth

Restraints/ Challenges

• Side effects associated with alcoholic beverages

Various side effects are associated with alcoholic beverage overdoses, such as High blood pressure, heart disease, stroke, liver disease, and digestive problems. Cancer of the breast, mouth, throat, esophagus, voice box, liver, colon, and rectum. As a result of all these side effects, reduce the demand for alcoholic beverages, which will hamper the market growth.

• Increasing inclination of consumers toward non-alcoholic beverages

 The increasing inclination of the consumer to consume non-alcoholic beverages such as carbonated drinks, tonic water, fruit punch, and sparkling water will hamper the market growth. Non-alcoholic beverages help lower blood pressure and maintain heart rate, reducing the demand for alcoholic beverages in the market.

This alcoholic beverages market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the alcoholic beverages market contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.

Recent Developments

• In 2022, Diageo announced acquiring Balcones Distilling, often known as "Balcones." Balcones Distilling is among the leading American Single Malt Whisky producers in the United States. Balcones hold Texas' intense heat and temperature fluctuations to make whiskies with differentiated flavors.

• In 2022, Bacardi introduced an Indian-made whiskey called Legacy. Bacardi intends to produce a discount valuing category for its consumers through Legacy to further strengthen its position and expansion plan in India.

• In 2022, Constellation Brands Inc., a leading beverage alcohol company, entered a brand authorization contract with The Coca-Cola Company in the United States. This agreement will bring the FRESCA brand into the alcoholic beverages category.

Global Alcoholic Beverages Market Scope

The alcoholic beverages market is segmented on the basis of product type, alcoholic content, flavor, category, packaging, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Beer
• Ale
• Lager
• Hybrid
• Wine
• Sparkling Wine
• Fortified Wine
• Others
• Spirits
• Rum
• Vodka
• Whiskey
• Other Spirits
• Others

Alcoholic Content

• High
• Medium
• Low

Flavor

• Unflavored
• Flavored

Category

• Mass
• Premium

Packaging

• Plastic Bottles
• Glass Bottles
• Tins

Distribution Channel

• Modern Trade
• Convenience Stores
• Specialty Stores
• Online Retailers
• Hotels/Restaurants/Bars
• Commercial Stores
• On-Premises
• Liquor Stores
• Grocery Shops
• Internet Retailing
• Supermarkets

Alcoholic Beverages Market Regional Analysis/Insights

The alcoholic beverages market is analyzed, and market size insights and trends are provided by country, product type, alcoholic content, flavor, category, packaging, and distribution channel, as referenced above.

The countries covered in the alcoholic beverages market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America is expected to dominate the alcoholic beverages market owing to the increasing young–adult population in this region. Furthermore, the rising consumption of high-quality alcoholic beverages will further boost the market growth in this region.

Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030, owing to the increasing disposable income in this region. Moreover, increasing demand for agave-based spirits from evolving economies such as India and China will further boost the market growth in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   Competitive Landscape and Alcoholic beverages market Share Analysis

The alcoholic beverages market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the alcoholic beverages market.

Some of the major players operating in the alcoholic beverages market are:

• Halewood 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.)
• Brown Forman (U.S.)
• Pernod Ricard (France)
• Miller Brewing Co. (U.S.)