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West Africa Alcoholic Beverages Market To Be Driven By The Increasing Demand For Wine And Beer In The Forecast Period Of 2022-2027

The new report by Expert Market Research titled, ‘West Africa alcoholic beverages Market Report and Forecast 2022-2027’, gives an in-depth analysis of the West Africa alcoholic beverages market, assessing the market based on its segments like product types, packaging types, distribution channels, and major countries. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

• Historical Market Size (2020): USD 10.8 Billion
• Forecast CAGR (2022-2027): 5.2%

The increasing demand for wine and beer, owing to the increasing disposable income, rapid development of pubs and bars, and availability of wide variety of alcoholic beverages, in countries like Nigeria, Burkina Faso, and Ghana, is driving the market growth. The increasing popularity of alcoholic beverages, such as red wine, and jin, among women is also propelling the demand for the product. Over the forecast period, the increasing awareness about the health benefits offered by reasonable intake of beer is likely to accelerate the alcoholic beverages market. Furthermore, the easy availability of raw materials, along with the cheap labour in the region, is anticipated to provide impetus to the market in the coming years.

Industry Definition and Major Segments

Alcoholic beverages refer to liquor which are fermented from sugars in fruits, plants, milk, and honey, among others. These beverages come with a burning taste and contain one half of one percent or more of alcohol by volume according to the strength. Moreover, additional flavouring substances can be added to them in order to enhance taste, making it more suitable for the drinkers.

Read Full Report with Table of Contents – https://bit.ly/3HoX4Yg

On the basis of product type, the market can be segmented into:

• Beer
• Spirits
• Wine
• Others

The market can be categorised based on packaging type into:

• Glass Bottles
• Tins
• Plastic Bottles
• Others

Based on distribution channel, the market has been divided into:

• Open Markets
• Supermarkets/Hypermarkets
• Hotels/Restaurants/Bars
• Speciality Stores
• Others

The regional markets for alcoholic beverages include:

• Nigeria
• Cote d’lvoire
• Ghana
• Burkina Faso
• Republic of Benin
• Senegal
• Others

Market Trends

The key trends in the alcoholic beverages market in the region include the rise in the indigenous production of beer and wine due to the increasing consumption of premium and super premium alcoholic beverage products. In addition, the high visibility, and growing popularity of branded beer and wine products are likely to be the crucial trends in the market. The growing trend of social media, which escalates the popularity of alcoholic beverages through reels, high quality pictures, and celebrities, is likely to propel the demand for the product in the forecast period. Furthermore, the market is anticipated to be propelled by the favourable government policies. For instance, the legal age of drinking in Burkina Faso is 13 for males and 16 for females.

Key Market Players

The major players in the market are Diageo PLC, The Heineken Company, AB InBev, and Kasapreko, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: Claight Corporation
Contact Person: Irene Garcia, Business Consultant
Email: [email protected]
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Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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