Research Expert: Sarah Overall
  • Published: Mar 2025
  • Pages: 150
  • SKU: IRTNTR40987

  • 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

        Market Scope

        Report Coverage

        Details

        Page number

        207

        Base year

        2024

        Historic period

        2019-2023

        Forecast period

        2025-2029

        Growth momentum & CAGR

        Accelerate at a CAGR of 7%

        Market growth 2025-2029

        USD 728.9 billion

        Market structure

        market_structure.ucfirst

        YoY growth 2024-2025(%)

        6.8

        Key countries

        US, China, Germany, Japan, UK, India, Canada, France, South Korea, and Italy

        Competitive landscape

        Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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        Find out which segment is leading the market by accessing the free PDF report

        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.


        Contacts

        Technavio Research
        Jesse Maida
        Media & Marketing Executive
        US: +1 844 364 1100
        UK: +44 203 893 3200
        Email: media@technavio.com
        Website: www.technavio.com/

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