Global Alcoholic Beverages Market Report by Type (Beer, Distilled Spirits, Wine, Others), Packaging (Glass Bottle, Tin, Plastic Bottle), Distribution Channel (Convenience Stores, On Premises, Liquor Stores, Grocery Shops, Internet Retailing, Supermarkets)

Global Alcoholic Beverages Market Report by Type (Beer, Distilled Spirits, Wine, Others), Packaging (Glass Bottle, Tin, Plastic Bottle), Distribution Channel (Convenience Stores, On Premises, Liquor Stores, Grocery Shops, Internet Retailing, Supermarkets), Country and Company Analysis 2024-2032

Global Alcoholic Beverages Market share is anticipated to be about US$ 2,749.11 Billion by 203. The CAGR for the market from 2024 to 2032 is 5.02%. Renub Research stated that it equaled to US$ 1,769.07 in 2023.

Alcoholic drinks comprise a massive group of beverages that incorporate various quantities of alcohol (ethanol). Alcoholic beverages produced on a business scale encompass beer, wine, and distilled spirits, including brandy, whisky, rum, gin, cognac, vodka, and tequila. The additives of alcoholic beverages are pretty complex, and over 1,300 compounds have been recognized in various drinks. Alcoholic beverages have a couple of purposes. There are three essential uses directly based on the physical properties of beverage alcohol as a substance. They are analyzed for dietary use, medicinal use, and use as an intoxicant. On average, 63% of American people who are 18 years of age or older reported drinking alcohol between 2021 and 2022. Gallup, Inc. also stated that ""the rate of consumption jumps to 65% when limited to adults who are of legal drinking age (21).""

Global Alcoholic Beverages Market Growth Drivers
• Population growth and Increased Disposable Income

Developing nations are the ones whose standard of living, earnings, monetary and commercial development remain ordinary. The IMF says there are 152 developing nations with a population of around 6.82 billion. At 85.54%, that is a massive proportion of the world's population. The increase in the population of these countries is expected to drive the global alcoholic beverage market. Rising disposable earnings have additionally yielded an increased appetite for ingesting discretionary items like alcoholic drinks. This aids the improvement of the global alcoholic beverages market. By 2040, a few cities in growing and emerging markets are projected to be on par with cities in advanced economies. Euromonitor International states that from 2005 to 2021, real GDP in developed and rising markets surged by 115%, dwarfing the 25% boom in evolved economies. This trend is expected to continue, with real GDP growing by 105% over 2021-2040 in emerging and developing nations.
• Changing Tastes of Consumers

The tastes of food and drink customers are continuing to change. People are more health aware. They are searching for more sustainable alternatives. At the same time, they want new, thrilling, and attractive options to enjoy. These needs are hitting the manufacturers of the global alcoholic beverages market as hard as another part of the foods and drinks industry. The demand for high-end products is growing, especially regarding spirits. The Beverage Daily reported that while general spirits’ income grew by 2%, sales of premium spirits grew by over 13%. Younger adults aged 22 to 34 search for new flavors, and manufacturers respond in various ways. Wines that provide more flexible fruit flavors like strawberry, apple, lemon, and lime are being produced. Alcoholic forms of iced tea are also on the shelves. For instance, in July 2023, Tequila CAZADORES announced the discharge of an innovation to their tequilas made with 100% agave, referred to as CAZADORES Café.
• The attention of Consumers towards Environmental Concerns

Consumers care about the planet and want to understand what enterprises are doing to emerge as more sustainable. The 2023 Buying Green Report reviews that 82% of its respondents would be willing to pay more for sustainable packaging, up 4 points from 2022 and eight points since 2021. This suggests that the environment remains a consumer priority regardless of a worsening monetary state. Younger purchasers (18–24 year-olds) are even more inclined, leading at 90%. This propels the global alcoholic beverages market. Some of the numerous sustainable packaging used for alcohol are recycled plastic, cardboard TetraPak, glass, and refillable growlers. Most manufacturers have started by disposing of plastic rings for 6-packs of drinks and alternatively using cardboard separators. For instance, Bacardi plans to introduce a 100% biodegradable bottle by 2023 that may biodegrade within 18 months. It hopes the launch will replace 80 million plastic bottles yearly, 3,000 tonnes. The brand also creates a sustainably sourced paper bottle and objectives to be 100% plastic-free by 2030.
• Increase in Online Alcohol Sales

The increase in online on-demand food and alcohol delivery offerings has changed how these commodities are accessed and understood. These products' online availability benefits both established manufacturers and smaller craft producers. This drives growth within the global alcoholic beverages market. One recent report by e-commerce companies Profitero and Nielsen determined that 21% of UK clients have bought alcohol online. This represents the highest percentage specified in Europe, with UK customers coming 3rd after China and Japan within the world ratings. Experts correlate this online achievement, especially wine, with 42% of online alcohol purchases, followed by spirits at 35%. The UK hosts numerous well-mounted wine shops, including Majestic and The Wine Society, that have helped bolster this online income.

Asia-Pacific Alcoholic Beverages Market

The Asia-Pacific alcoholic beverages market is poised for rapid increase. This is buoyed by its substantial and expanding populace, especially in nations like China and India. The United Nations Population Fund's (UNFPA) “State of World Population Report, 2023” estimates that India's populace is predicted at 1.4286 Billion, barely exceeding China's 1.4257 Billion. The location's strengthening economies also foster a growing middle class with higher disposable earnings. This leads to elevated spending on discretionary items like alcoholic drinks. The IMF forecasts the Asia-Pacific area to develop by 4.6 percent in 2023 and 4.2 percent in 2024. This contributes extensively to international growth. These factors drive the burgeoning demand for alcoholic drinks in the Asia-Pacific area.

The area's significant younger adult population is a critical target for beverage organizations seeking to establish a contemporary image through focused advertising. The e-trade surge also transforms the enterprise. This gives platforms for established manufacturers and local producers to access wider client bases. Cultural and social norms vary throughout the diverse Asia-Pacific, shaping alcohol alternatives. For instance, China favors beer and conventional rice wine, while Japan consumes sake, often enjoyed with food alongside beer after work.

Global Alcoholic Beverages Company News

The significant enterprises present in the global alcoholic beverages market are Anheuser-Busch InBev SA/NV, Carlsberg Group, Constellation Brands Inc., Heineken N.V., Molson Coors Beverage Company, Pernod Ricard SA, and Suntory Holdings Limited.
• In January 2024 - Coca-Cola introduced lemon-dou, combining classic Japanese chuhai with the possibility of entering the Indian market. This introduced a new trend in India's beverage scene by combining global flavors with local preferences.
• In February 2024 - Tomintoul Single Malt Scotch Whisky introduced two limited-edition cask finishes: the 2009 14-year-old Cognac Cask Finish and the 2008 15-year-old Madeira Cask Finish. Handcrafted in the scenic Cairngorms National Park, each expression boasts a unique maturation profile, having undergone careful finishing in casks personally selected by Master Distiller Robert Fleming.
• In February 2024 - Smirnoff, in collaboration with hip-hop sensation Saweetie, is introducing exciting flavors and pairings to Las Vegas ahead of The Big Game to launch the new Smirnoff SMASH Vodka Soda. With four bold flavors, each containing just 100 calories, this debut ready-to-drink vodka soda is set to make an unprecedented impact.
• In December 2023 - Apothékary launched Wine Down™, a herbal red wine tincture transforming the alcohol alternative category. Packed with potent herbal ingredients like California poppy, blue vervain, tart cherry, elderberry, hawthorn berry, bilberry, and L-theanine, it evokes red wine vibes with rich berry and spice flavors. This alcohol-free, sugar-free, vegan option undergoes third-party testing, ensuring quality and safety.
• In November 2023 - The Duckhorn Portfolio, Inc. revealed its definitive agreement to purchase Sonoma-Cutrer Vineyards, a prominent luxury Chardonnay winery in the United States, from Brown-Forman Corporation. The transaction, valued at around US$ 400 Million, will be settled through a blend of Company stock and cash.
• In October 2023 - Treasury Wine Estates Ltd, a global wine leader, announced the acquisition of DAOU Vineyards, a renowned luxury wine brand founded by Georges and Daniel Daou. The deal, valued at US$ 900 Million upfront with a potential additional earn-out of up to US$ 100 Million, aims to bolster TWE's luxury-focused portfolio and expand its footprint in crucial growth markets like the U.S.

Type – Market breakup in 4 viewpoints:

1. Beer
2. Distilled Spirits
3. Wine
4. Others

Packaging – Market breakup in 3 viewpoints:

1. Glass Bottle
2. Tin
3. Plastic Bottle

Distribution Channel – Market breakup in 6 viewpoints:

1. Convenience Stores
2. On Premises
3. Liquor Stores
4. Grocery Shops
5. Internet Retailing
6. Supermarkets

Country – Market breakup of 25 Countries:

1. North America

1.1 United States
1.2 Canada

2. Europe

2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherlands
2.8 Turkey

3. Asia Pacific

3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand

4. Latin America

4.1 Brazil
4.2 Mexico
4.3 Argentina

5. Middle East & Africa

5.1 Saudi Arabia
5.2 UAE
5.3 South Africa

All the Key players have been covered from 3 Viewpoints:
• Overview
• Recent Development
• Revenue Analysis

Company Analysis:

1. Anheuser-Busch InBev SA/NV
2. Carlsberg Group
3. Constellation Brands Inc.
4. Heineken N.V.
5. Molson Coors Beverage Company
6. Pernod Ricard SA
7. Suntory Holdings Limited