Global Alcoholic Beverages Market Information- by Type (Beer, Distilled Spirits, Wine and others), by Distribution Channel (Store Based, Non Store Based) and Region - Forecast to 2023.
Pune, India -- (SBWIRE) -- 11/14/2017 -- Market Overview
Alcoholic is an odorless liquid obtained by fermentation of sugar. Various types of compounds are present in the alcohol. However, ethyl is considered to be food grade alcohol in maximum alcoholic beverages. Ethanol or Ethyl alcohol is manufactured through a natural process when the yeast transforms the sugar contained in fruit, cereals, and sugar-canes, into alcohol.
The global alcoholic beverages market is anticipated to be driven by the increasing per capita disposable income of the consumer in developed over the past few years. Also, the increasing purchasing power of the consumer in developing nation is considered to be the significant for the rising growth of alcoholic beverages in the near future. Also, the increasing youth population is anticipated to be one of the key factor for the substantial growth of alcoholic beverages market during the forecast period. Increasing urbanization in developing economies of Asia Pacific is also propelling the sales of alcoholic beverages in the upcoming decade.
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The major Key Players in the Alcoholic Beverages Market are
- Beam-Suntory (U.S.)
- Constellation Brands (U.S.)
- Anheuser Busch InBev. (Belgium)
- Carlsberg Group (Denmark)
- Accolade Wines (Australia)
- Diageo Plc (U.K.)
- Heineken Holding Nv (Netherland)
Global Alcoholic beverages market is highly concentrated in Europe. Asia Pacific has massive potential for alcoholic beverages, as there is an increasing consumer awareness regarding the alcoholic beverages coupled with the per capita disposable income is anticipated to fuel the sales of alcoholic beverages during the forecast period.
Distilled spirit segment is estimated to account maximum market proportion during the forecast period of 2017 to 2023. Among the distilled spirit segment, whiskey is estimated to retain its dominance throughout the forecast period of 2017-2023. Beer is projected to witness highest growth as compare to the other segment. In terms of distribution channel, supermarkets & hypermarkets is likely to hold maximum market proportion during the forecast period. However, online sales is gaining momentum in the developing nation which is projected to observe maximum growth during the review period.
Global Alcoholic Beverages Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these, Europe region is expected to retain its dominance throughout the forecast period. This is attributed by the increasing per capita disposable income coupled with the changing lifestyles of the consumer in the Eastern Europe economies. North America is also estimated to hold healthy market proportion in the Alcoholic beverages market. Asia Pacific region is projected to grow at a substantial growth during the forecast period. However, China is projected to register maximum CAGR during the forecast period in Asia Pacific region. Especially China and India offer a lucrative opportunity in the Asia Pacific region for the Alcoholic beverages manufacturers. Latin America & Middle East region is projected to show a high potential in the alcoholic beverages market due to the rising disposable income of some of the countries.
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The Alcoholic beverages market is segmented under the following regions mentioned below:
- Rest of Europe
- Rest of Asia Pacific
Rest of the world
- Saudi Arabia
- South Africa
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