Alcoholic Beverages Market worth $1.73 trillion by 2030, growing at a CAGR of 5.65% - Exclusive Report by 360iResearch

The "Alcoholic Beverages Market by Product Type (Beer, Cider, Spirits), Alcohol Volume Percentage (10% to 20%, More than 20%, Under 10%), Category, Distribution Channel - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Alcoholic Beverages Market to grow from USD 1.18 trillion in 2023 to USD 1.73 trillion by 2030, at a CAGR of 5.65%.

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Alcoholic beverages are drinks containing ethanol, commonly known as alcohol. They have been part of human culture and social practices for thousands of years. These beverages are produced through the fermentation of fruit, vegetables, or grains. The primary categories of alcoholic beverages include beers, wines, and spirits, each with various styles and flavor profiles catering to a myriad of consumer preferences. A shift towards premium alcoholic beverages among consumers and the proliferation of beverage culture in restaurants and cafes is driving demand for alcoholic beverages, and there is an increasing willingness to experiment with new flavors and types. Utilization of social media strategies, brand endorsements by influencers and celebrities, and the expansion of online distribution networks have improved the penetration of alcoholic beverages. However, the possibility of contamination of the alcoholic beverage and issues associated with poor texture or taste of the beverage can lead to product recalls. Furthermore, producing alcoholic beverages involves a complex process that can face numerous challenges, and the low quality of raw materials significantly affects the final product. However, key players are exploring the integration of novel and sustainable production methodologies to scale the manufacture of alcoholic beverages. New product launches, exploration of new flavors, attractive packaging, and capitalizing on the growing interest in craft and artisanal products can attract consumers looking for unique and high-quality options.

In the Americas region, especially in the U.S. and Canada, consumer preferences have shown a marked shift towards craft and premium alcoholic beverages. This movement is supported by a robust restaurant and cafe culture and the presence of several key manufacturers. The latest investments have been directed toward the expansion of craft breweries and distilleries alongside technological advancements to improve production efficiencies. Canadian consumers exhibit a strong preference for locally produced wines and craft beers, driven by a national emphasis on supporting local businesses. APAC's alcoholic beverages market is rapidly expanding, with a notable increase in the consumption of imported wines and craft beers. This is due in part to the rising middle class and the influence of Western culture among younger demographics. Recent research has focused on consumer behavior in relation to online alcohol sales, a platform that has seen significant growth in recent years. Japan's market is distinguished by its strong cultural ties to traditional drinks such as sake. India showcases a burgeoning market for beer and spirits among urban youth, particularly for branded and premium products. The European Union boasts a rich tradition in wine, beer, and spirits production, with distinct geographical indications and brands. Consumer trends show a growing interest in organic and biodynamic products, with recent initiatives aimed at promoting these practices among European producers. Research and investment in the region are often directed towards sustainability and reducing the carbon footprint of production processes. Central European economies feature a number of local wineries and distilleries that cater to the regional and local taste preferences of consumers.

Market Segmentation & Coverage:

This research report categorizes the Alcoholic Beverages Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product Type, market is studied across Beer, Cider, Spirits, and Wine. The Spirits is projected to witness significant market share during forecast period.

Based on Alcohol Volume Percentage, market is studied across 10% to 20%, More than 20%, and Under 10%. The 10% to 20% is projected to witness significant market share during forecast period.

Based on Category, market is studied across Premium, Regular, and Super Premium. The Super Premium is projected to witness significant market share during forecast period.

Based on Distribution Channel, market is studied across Off Trade and On Trade. The Off Trade is further studied across Online Stores, Specialist Stores, and Supermarket/Hypermarket. The Off Trade is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.12% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Alcoholic Beverages Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Alcoholic Beverages Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Alcoholic Beverages Market, highlighting leading vendors and their innovative profiles. These include Anheuser-Busch InBev, Asahi Group Holdings, Ltd., Bacardi Limited, Brown-Forman Corporation, Buzzballz, LLC, Canteen Spirits, Carlsberg A/S, China Resources Snow Breweries Limited, Constellation Brands, Inc., Cutwater Spirits, Davide Campari-Milano N.V., Diageo PLC, E. & J. Gallo Winery, Heineken N.V., Integrated Beverage Group LLC, Miami Cocktail Company, Molson Coors Beverage Company, Pernod Ricard S.A., Precept Wine, LLC, Rémy Cointreau, Sula Vineyards Pvt. Ltd., Suntory Holdings Limited, The Edrington Group Limited, The Kirin Holdings Company, Limited, Treasury Wine Estates Ltd., Union Wine Company, and William Grant & Sons Limited.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Alcoholic Beverages Market, by Product Type
7. Alcoholic Beverages Market, by Alcohol Volume Percentage
8. Alcoholic Beverages Market, by Category
9. Alcoholic Beverages Market, by Distribution Channel
10. Americas Alcoholic Beverages Market
11. Asia-Pacific Alcoholic Beverages Market
12. Europe, Middle East & Africa Alcoholic Beverages Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Alcoholic Beverages Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Alcoholic Beverages Market?
3. What is the competitive strategic window for opportunities in the Alcoholic Beverages Market?
4. What are the technology trends and regulatory frameworks in the Alcoholic Beverages Market?
5. What is the market share of the leading vendors in the Alcoholic Beverages Market?
6. What modes and strategic moves are considered suitable for entering the Alcoholic Beverages Market?

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