The Global Alcoholic Beverages Market is expecting around 3.2% CAGR during 2022-27, cites MarkNtel Advisors in their recent research report. The rising population and its improving disposable income & growing inclination toward consuming alcoholic drinks is the prime aspect driving the global market.
Besides, the growing requirements for premium alcoholic beverages are also generating growth opportunities for the leading players to introduce an extensive range of drinks with different price categories to meet the demands of a large consumer base.
Furthermore, the growing focus of the manufacturers on strengthening their distribution networks and expanding sales channels like hotels, cafes, restaurants, bars, and e-commerce, among others, shall also trigger the growth of the global market through 2027, further states the research report, “Global Alcoholic Beverages Market Analysis, 2022.”
Covid-19 Pandemic Push to On-Trade Channels Contributed Significantly to the Market Growth
The growing adoption of digital platforms by several alcoholic beverage manufacturers, mainly due to the advent of Covid-19, to offer an extensive range of beverage options and expand their reachability throughout the world is driving the market through on-trade distribution channels. Besides, various government initiatives to promote this digital transformation are also generating growth prospects for the leading market players to increase their product portfolio and offer numerous options & budgets for customers, which, in turn, would further boost the global market over the forecast years.
With Robust Presence of Breweries, Europe to Attain a Significant Market Share through 2027
With the rapidly increasing alcohol consumers and a swift escalation in the popularity & sales of beer across different countries, Europe is expecting a noteworthy share in the Alcoholic Beverage Market during 2022-27. Besides, the increasing number of tourists & migrants across the region is projected to play a crucial role in driving the demand for different alcoholic beverages and augment the regional market growth through 2027.
Moreover, the presence of numerous small & medium-sized microbreweries & breweries across Europe also project remunerative prospects for the regional market leaders to expand their product offerings over the coming years, reveals MarkNtel Advisors in their research report, "Global Alcoholic Beverages Market Analysis, 2022."
The leading players in the Global Alcoholic Beverages Market include Anheuser-Busch InBev, Asahi Group Holdings Ltd., Bacardi Limited, Boston Beer Company Inc., Carlsberg Group, Constellation Brands Inc., Diageo PLC., Heineken Holding NV, Molson Coors Brewing Company, and Suntory Beverage & Food Limited.
Key Questions Answered in the Research Report: