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Alcoholic - Beverages Global Market Report 2022

Alcoholic - Beverages Global Market Report 2022

  • June 2022
  • 400 pages
  • ID: 6284447
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major companies in the market include Anheuser-Busch InBev sa/nv, Heineken N.V., Diageo plc, Asahi Group Holdings Ltd, The Molson Coors Brewing Company, kirin holdings co ltd, Constellation Brands, Pernod Ricard, Carlsberg Breweries Group, Thai Beverage public co.

The global alcoholic - beverages market is expected to grow from $508.87 billion in 2021 to $560.04 billion in 2022 at a compound annual growth rate (CAGR) of 10.1%. The market is expected to grow to $802.02 billion in 2026 at a compound annual growth rate (CAGR) of 9.4%.

The alcoholic beverages market consists of sales of alcoholic beverages by entities (organizations, sole traders, and partnerships) that produce alcoholic beverages through the fermentation process and that produce distilled alcoholic beverages. The companies in the alcoholic beverages industry process raw materials into alcoholic beverages, package and distribute them through various distribution channels to both individual customers and commercial establishments.

The main type of alcoholic beverages into beer, wine and brandy, and spirits.Beer is an alcoholic beverage produced by extracting raw materials with water, boiling (usually with hops), and fermenting.

The products are made available through off-trade channels, and on-trade channels. The various categories are mass, and premium.

Asia Pacific was the largest region in the alcoholic - beverages market in 2021.Western Europe was the second-largest region in the alcoholic - beverages market.

The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The world population is growing and is expected to reach 10 billion by 2050.An increase in population creates more demand for alcoholic beverages.

Crop production, farming activities, and trade volumes will have to increase in order to meet the increased population. Therefore, companies in this market are expected to benefit from rising demand for an alcoholic - beverages products due to the rising population, during the forecast period.

The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the alcoholic - beverages market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally.COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing.

The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia.Food and beverage manufacturers depend on the supply of raw materials from domestic and international suppliers.

As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to a lack of raw materials.Also, restrictions on the trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline.

The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the alcoholic - beverages market will recover from the shock across the forecast period as it is a ’black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy.

Alcoholic beverage manufacturers are now offering ready-to-mix hybrid beverages to cater to changing consumer tastes and preferences.Hybrid beverages are a blend of alcoholic drinks from multiple beverage categories.

They are prepared by using unique flavor combinations, ingredients, and production methods from multiple drinks.For example, producing spirits or beers in a wine barrel to give them a distinct taste.

Hybrid beverages are particularly evident in the spirit category, with products such as beer mixed with rum and tea mixed with vodka. Some of the popular hybrid beverages in the market include Malibu Red (rum and tequila), Kahlua Midnight (rum and Kahlua), and Absolut Tune (vodka and sparkling wine).

The countries covered in the alcoholic - beverages market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam.

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