Alcoholic Beverages - Global Market Projected to Reach $1,864 Billion by 2026: Increasing Demand for Craft Beer is a Major Driver - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 23, 2018--The “Alcoholic beverages - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to the report, the Global Alcoholic beverages market accounted for $1,324.1 billion in 2017 and is expected to reach $1,864.2 billion by 2026 growing at a CAGR of 3.9% during the forecast period.
High growth in emerging economies, high disposable income, rising spending to explore new entertainment options and the demand for alcoholic drinks are some of the factors propelling the market growth. However, factors such as growing demand for non-alcoholic beverages like energy drink and high cost of premium/super premium products are hindering the market growth.
Amongst product, the beer segment held significant market share due to increasing demand for craft beer. Beer is the most consumed alcoholic drink across the globe and contains around of alcohol.
By geography, Asia Pacific held largest market share being the global manufacturing hub of the world. India and China are anticipated to observe high demand for alcoholic beverages over the forecast period owing to considerable growth in the disposable income, increasing population, and inclination of young generation towards the western culture. Availability of local spirits such as baijiu in China is propelling the growth of alcoholic beverages in Asia Pacific region.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Alcoholic beverages Market, By Product
6 Global Alcoholic beverages Market, By Distribution Channel
7 Global Alcoholic beverages Market, By Packaging
8 Global Alcoholic beverages Market, By Sales Channel
9 Global Alcoholic beverages Market, By Geography
10 Key Developments
11 Company ProfilingUnited Spirits Ltd. SAB Miller Ltd. Heineken Holding NV Constellation brands Inc. Anheuser-Busch Inbev SA/NV Molson Coors Brewing Co. Bacardi Limited Suntory Holdings Ltd. Pernod Ricard SA Beam Suntory Inc. Diageo PLC The Wine Group LLC United Breweries Limited Halewood International Holdings PLC Craft Brew Alliance Inc. Asahi Group Holdings Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/3lhn7z/alcoholic?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180823005284/en/
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Related Topics:Alcoholic Beverages
INDUSTRY KEYWORD: RETAIL WINE & SPIRITS
SOURCE: Research and Markets
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PUB: 08/23/2018 05:32 AM/DISC: 08/23/2018 05:32 AM