Alcoholic Beverage Market To Grow At A Higher Rate

The Business Research Company’s global alcoholic beverage market, covers the year-on-year growth of the global alcoholic beverage historic and forecast growth. It also includes chapters on the trends, geographical analysis, and competitive landscape.

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The global alcoholic beverage market is forecast to grow at a CAGR of around 5 % to 2022.

Alcoholic beverage Trends

Rise of alcohol ecommerce market in Asia pacific region , new tools for alcohol product safety introduced by countries around the globe and ready-to-mix hybrid beverages on demand are the major trends witnessed in the global alcoholic beverages market.

Wine and brandy (Wineries) was the largest segment in the alcoholic beverages market accounting for 45% of the market. This was due to the presence of a large number of wineries and high per capita consumption of wine and brandy in the USA and many countries in the EU. This segment includes establishments involved in growing grapes and manufacturing wines and brandies.

The global alcoholic beverage is primarily driven by expected increase in demand for premium liquor beverages owing to increasing urban and middle-class population, growing economy and rising disposable income in Asian and African countries, and increasing applications of alcohol in pharmaceuticals, food and beverage industries and other industries.

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The global alcoholic beverage market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

With emergence of increased demand for spirits and wine in both developed and developing countries, increasing number of alcohol consumers, rising disposable income in emerging countries, and growing demand for beverages with low alcohol content and flavored alcoholic beverages for entry level drinkers the global alcoholic beverage is expected to increase in potential and scope. TBRC’s report also covers the global alcoholic beverage market report drivers and restraints in the market.

The global alcoholic beverage market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global alcoholic beverage report are Anheuser Busch InBev, Heineken, Diageo, Carlsberg Group, Pernod Ricard.

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