Latest News- Alcoholic Drinks Market: Liquor stores is expected to lead the Distribution Channel segment during 2025-2029

The Alcoholic Drinks Market is being driven by Increase in popularity of craft alcoholic beverage segment

The Alcoholic Drinks Market is expected to grow at a CAGR of 7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 728.9 billion. In developing economies, including India, China, Indonesia, and Singapore, the alcoholic drinks market is experiencing robust growth, driven by the expanding middle class and rising demand for premium and imported beverages. Producers are capitalizing on this trend by expanding distribution channels, such as online stores and convenience retailers, to meet the increasing consumer demand. Urbanization and evolving social norms have also contributed to the market's expansion, with alcoholic drinks becoming more socially acceptable at social gatherings and events. The global alcoholic drinks market is poised for significant growth, fueled by these key factors. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Liquor stores
  • Pubs/bars and restaurants
  • Internet retailing
• Type
  • Beer
  • Wine
  • Spirits
  • RTD pre-mixes
  • Cider
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in popularity of craft alcoholic beverage segment
• Rise in mergers and acquisitions
• Increase in marketing and promotional activities

However, the market also witnesses some limitations, which are as follows:

• Prominence of counterfeit products
• Competition of other beverages
• High taxation

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Market Scope in Alcoholic Drinks Market Research Report

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Research Analysis Overview

The Alcoholic Drinks Market encompasses various bottle types, including Plastic and Glass, distributed through Convenience Stores, Specialty Shops, and Online Retailers. It offers a wide range of products from Craft Beer, Mild-lager, to Premium Whiskey and Flavored Wine. Constellations Brands lead in the market, while Product Varieties cater to diverse consumer preferences. Night parties feature Premium and Super-premium Alcoholic Beverages.

Market Research Overview

The global brewers market encompasses entities engaged in the production of beer, craft beer, and malt liquors, excluding equipment such as commercial beer dispensers and kegerators. Key growth drivers include the substantial expansion of craft beer production, particularly in developed markets. In the US, for instance, the number of craft brewers has experienced substantial growth since 2021, with microbreweries accounting for approximately 80% of the total production. This surge in craft beer production is a significant market trend.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/