Authored By: Sarah
27 Jan 2023

Alcoholic Drinks Market Share, Segments, Trends, Growth, and Geography- Analysis and Forecast 2023-2027

The alcoholic drinks market size is estimated to reach 88.96 billion liters, progressing at a CAGR of 5.66% by 2027. The increase in the popularity of the craft segment is a key factor driving the alcoholic drinks market growth. 

Don’t miss out on the business opportunities in the Alcoholic Drinks Market. Unlock the Sample Report and gain crucial market insights that will benefit your business growth.

Browse Technavio's 167-page report and in-depth TOC on "Alcoholic Drinks Market by distribution channel (offline and online), type (beer, wine, spirits, RTD pre-mixes, and cider), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

View detailed Table of Contents Here: https://www.technavio.com/report/alcoholic-drinks-market-industry-analysis

Alcoholic Drinks Market Share, Segments, Trends, Growth, and Geography- Analysis and Forecast 2023-2027

The alcoholic drinks market structure is fragmented in nature and the vendors are deploying growth strategies such as acquisitions, product launches, and others to promote their businesses in the global market. Some of the major alcoholic drinks market vendors are:  

  • Allied Blenders and Distillers Pvt. Ltd.
  • Anheuser Busch InBev SA NV
  • Anora Group Plc
  • Bacardi Ltd.
  • Bronco Wine Co.
  • Brown Forman Corp.
  • Carlsberg Breweries AS
  • Constellation Brands Inc.
  • Diageo Plc
  • E. and J. Gallo Winery
  • Heineken NV
  • Molson Coors Beverage Co.
  • Pernod Ricard SA
  • Suntory Holdings Ltd.
  • The Boston Beer Co. Inc.

APAC Accounts for the Largest Market Share in the Alcoholic Drinks Market 

Based on geography, the alcoholic drinks market is segmented across APAC, Europe, North America, South America, and the Middle East, and Africa. APAC is projected to contribute 37% of the alcoholic drinks market size by 2027. Improvements in distribution and retail channels have driven the growth of the market in 2022 in the region, and this is expected to continue during the forecast period.

Factors Impacting the Alcoholic Drinks Market Growth 

  • The increase in the popularity of the craft segment is a key factor driving the alcoholic drinks market value. 

  • The increasing consumption of alcoholic drinks is the major alcoholic drinks market trend that will positively influence market growth. 

  • The prominence of counterfeit products is a major challenge to the alcoholic drinks market size. 

Technavio’s research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the alcoholic drinks market. Download the PDF Sample Report 

Key Highlights Covered in the Report  

  • YOY growth rate of the alcoholic drinks market. 

  • A diversified analysis of the market’s competitive landscape and detailed information about vendors. 

  • Accurate prediction about upcoming trends and changes in consumer behavior across APAC, Europe, North America, South America, and the Middle East and Africa. 

  • Comprehensive details of factors that will impact the growth of alcoholic drinks market vendors. 

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