Global Alcoholic Beverages Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Published - May 2019 | Category - Food & Beverages | No. of Pages - 145 | Published By - EMR


Global Alcoholic Beverages Market is projected to increase from USD 1,411.1 billion in 2017 to USD 1,735.4 billion in 2024, at a sluggish CAGR of 3.0% from 2018 to 2024.

The growth in the alcoholic beverages market is attributed to rapid urbanization and increasing disposable income. Moreover, increased availability of new alcoholic beverages is also driving the market growth. However, stringent government regulations and increased awareness of the risks associated with alcohol consumption may hamper the growth to some extent during the forecast period.

Although beer is the largest segment of the alcoholic beverages market, there has been a drop in production and consumption of beer. The growth in the revenue has largely been due to increased prices rather than increased consumption. The drop in beer volumes is mainly due to increased availability of alternative beverage products including wine, cider and other health-oriented drinks.

Global Alcoholic Beverages Market Major Key Players

Diageo plc
Anheuser-Busch InBev
Heineken Holding N.V
Bacardi Limited
Kirin Holdings
Asahi Group Holdings
Pernod Ricard
Carlsberg Group
Suntory Holdings Limited
Constellation Brands, Inc.
Others


 

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