Alcoholic Beverages Market Size Forecasted to Hit USD 3.1 Trillion by 2032 at a CAGR of 6.8%, Driven by Growing Consumer Demand | Analysis by Transparency Market Research, Inc.
Occasions like weddings, festivals, and parties drive increased demand for alcoholic beverages, fostering social connections and traditions.
Wilmington, Delaware, United States, Transparency Market Research, Inc., Oct. 21, 2024 (GLOBE NEWSWIRE) — The global alcoholic beverages market is estimated to flourish at a CAGR of 6.8% from 2024 to 2032. Transparency Market Research projects that the overall sales revenue for alcoholic beverages is estimated
Alcoholic Beverages Market: Competitive Landscape
In the competitive landscape of the alcoholic beverages market, global giants such as Diageo, Anheuser-Busch InBev, and Pernod Ricard dominate with diverse portfolios spanning spirits, beer, and wine. Craft breweries and distilleries, like BrewDog and Suntory, challenge traditional players with innovative flavors and small-batch production.
Regional players, such as Asahi Group in Asia and Constellation Brands in North America, cater to local tastes while expanding their global footprint. The rise of low-alcohol and non-alcoholic alternatives, along with increasing consumer demand for premiumization and sustainability, further intensifies competition, driving innovation and shaping the future of the industry. Some prominent players are as follows:
- Carlsberg A/S
- Heineken Holding N.V.
- Diageo Plc.
- ASAHI GROUP HOLDINGS, LTD.
- SUNTORY HOLDINGS LIMITED
- Halewood Sales
- Brown-Forman
- Bacardi Limited
- Anheuser-Busch Companies, LLC.
- Bundaberg Brewed Drinks
- Constellation Brands, Inc.
- United Breweries Ltd.
Product Portfolio
- Halewood Sales is a renowned producer and distributor of premium spirits, wines, and craft beers. With a rich heritage and commitment to quality, Halewood offers a diverse portfolio of brands that captivate discerning consumers around the globe, delivering exceptional taste and memorable experiences.
- Brown-Forman, a leading spirits company, boasts an illustrious portfolio featuring iconic brands such as Jack Daniel’s, Woodford Reserve, and Finlandia. With a legacy of craftsmanship and innovation, Brown-Forman sets the standard for excellence in the spirits industry, delighting consumers worldwide.
Alcoholic Beverages Market: Key Segments
By Product Type
- Beer
- Spirits
- Wine
- Others
By Packaging
- Glass Bottles
- Tins
- Plastic Bottles
- Others
By Sales Channel
- Modern Trade
- Specialty Stores
- Convenience Stores
- Commercial
- Hotels/Restaurants/Bars
- Online Retailers
- Other Retailing Formats
By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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