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The global Alcoholic Beverages market is expected to grow at a sound pace in the times to follow. Several factors such as rising urban population, young adults with high family incomes, high social media influence, and easy access to alcoholic drink are majorly boosting the growth of the Alcoholic Beverages market. Moreover, there has been rising new forms of entertainment such as night parties and spending time at bars due to increasing disposable incomes in developing countries, this fact also impacting positively on the growth of the Alcoholic Beverages market.
Furthermore, especially in the urban areas, high-pressure jobs and the perception that consumption of alcohol is relaxing to the mind are leading to the increased consumption of alcoholic drinks. This fact rises the growth of the market. Additionally, manufacturers of alcoholic drinks are continuously launching new products with added flavors. Curiosity among consumers particularly among millennials is attracting them to try these products, this creates a positive impact on the growth of the Alcoholic Beverages market.
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Alcoholic Beverages Market, Key Players
· Carlsberg A/S
· Diageo Plc.
· Suntory Holdings Ltd.
· Brown-Forman Corporation
· Craft Brew Alliance Inc.
· Anheuser-Busch InBev SA/NV
· United Breweries Limited
· Molson Coors Brewing Co.
· Accolade Wines Holdings Australia Pty Limited
· The Wine Group LLC
· Heineken Holding N.V.
· Asahi Group Holdings Ltd.
· Halewood International Holdings Plc
· Bacardi Limited
· Bundaberg Brewed Drinks Pty Ltd
· Constellation Brands Inc.
· The Boston Beer Company Inc.
· Pernod Ricard SA
· DGB Pty Ltd.
· Bronco Wine Company
Alcoholic Beverages Market Segment Overview
Based on Product Type, the Beer segment has significant growth in the Alcoholic Beverages market. The most crucial factor impacting the demand for beer is its health benefits. It is known to keep the kidneys healthy, cure insomnia, and reduce cholesterol levels, thus pushing the demand for beer. The soluble fiber present in lager beer helps in digestion and lowers the chances of intestinal transit. In addition, beer helps in enhancing bone density and strengthening the bones due to the presence of high silicon content in it. According to Sales Channel, the Specialty Stores is the largest segment in the market.
Alcoholic Beverages Market, By Product Type
· Beer
· Spirits
· Wine
· Others
Alcoholic Beverages Market, By Packaging Type
· Glass Bottles
· Plastic Bottles
· Tins
· Others
Alcoholic Beverages Market, By Sales Channel
· Modern Trade
· Specialty Stores
· Convenience Stores
· Commercial
· Hotels/Restaurants/Bars
· Online Retailers
· Other
Alcoholic Beverages Regional Overview
In terms of region, Asia Pacific is the prominent region in the Alcoholic Beverages market and accounting for the maximum share in the overall market. This is mainly due to increasing urbanization and a growing middle-class population with disposable incomes. Similarly, Europe is the largest region for the Alcoholic Beverages market. According to the latest European health report from the World Health Organization, people in the European Union consume more alcohol than in any other part of the world. As well, Latin America is projected to witness remarkable growth in the forecast period. This is mainly because of rising urbanization and increasing per capita income in this region.
Alcoholic Beverages Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
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Major Points from Table of Contents:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Regulatory Scenario by Region/Country
1.4 Market Investment Scenario Strategic
1.5 Market Analysis by Type
1.5.1 Global Alcoholic Beverages Market Share by Type (2023-2029)
1.5.2 Type 1
1.5.3 Type 2
1.5.4 Other
1.6 Market by Application
1.6.1 Global Alcoholic Beverages Market Share by Application (2023-2029)
1.6.2 Application 1
1.6.3 Application 2
1.6.4 Other
1.7Alcoholic Beverages Industry Development Trends under COVID-19 Outbreak
1.7.1 Region COVID-19 Status Overview
1.7.2 Influence of COVID-19 Outbreak on Alcoholic Beverages Industry Development
2.1 Industry Trends
2.1.1 SWOT Analysis
2.1.2 Porter’s Five Forces Analysis
2.2 Potential Market and Growth Potential Analysis
2.3 Industry News and Policies by Regions
2.3.1 Industry News
2.3.2 Industry Policies
3 Value Chain of Alcoholic Beverages Market
3.1 Value Chain Status
3.2 Alcoholic Beverages Manufacturing Cost Structure Analysis
3.2.1 Process Analysis
3.2.2 Manufacturing Cost Structure of Alcoholic Beverages
3.2.3 Labor Cost of Alcoholic Beverages
3.3 Sales and Marketing Model Analysis
3.4 Downstream Major Customer Analysis (by Region)
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At last, report gives inside out examination of the Alcoholic Beverages Market considering after all the above components, which are valuable for organizations or the individual for development of their current business or individuals who are planning to enter in Alcoholic Beverages industry.
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The post Alcoholic Beverages market is expected to continue to grow at a compound annual growth rate (CAGR) of approximately 3.6% during forecast period appeared first on Agency.