The global alcoholic beverages market is expanding at a significant growth rate over the forecast period. Most of the cultures around the globe have consumed various types of alcoholic beverages from older time onwards. However, majority of the alcoholic beverages went for the local specialty alcoholic beverages than the commodities produced on large scale. Beer produced from barleys, wine produced from grapes, and other distilled beverages are the main commodities that is in demand across the globe. The pricing of these commodities, mostly, is dependent on the production costs and the duties levied on those costs by the local government. The effects of prices are rather difficult to measure as elasticity’s differ across different time periods and along different countries too.
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The global alcoholic beverages market had been witnessing a steady increase in both consumption and production. This growth can be attributed to various favourable factors including increase in urban population coupled with the increasing disposable incomes, rise in consumer demand for premium and super premium products. However, there are certain factors that are hampering the market growth. High cost of premium and super premium products, surge in non-alcoholic beverages market, and growing awareness towards health concerns are restricting the market growth in the near future. Besides, ongoing developments in honey-derived products to be a viable alternative for the production of innovative alcoholic drinks is expected to drive the market growth in the near future.
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Global Alcoholic Beverages Market Segmentation
By Packaging Type
Others (Plastic Bottles)
Rest of Europe
Rest of Asia-Pacific
Rest of the World
Accolade Wines Ltd.
Anheuser-Busch InBev SA/NV
Asahi Group Holdings Ltd.
Bronco Wine Co.
Bundaberg Brewed Drinks Pty Ltd.
Carlsberg Breweries A/S
Constellation Brands, Inc.
Craft Brew Alliance
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