The current Alcoholic Beverages market research report provides a comprehensive overview of various variables that influence the business portfolio, future outlook, present crisis analysis with significant innovations, and product service segmentation. The research analyzes key statistics on market size, major drivers, growth opportunities challenges, competitive analysis, and revenue share of leading corporations/industries/companies, namely -
-Asahi Group Holdings Ltd
-Boston Beer Company Inc.
-Constellation Brands Inc.
-Heineken Holding NV
-Molson Coors Brewing Company
-Suntory Beverage Food Limited
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According to the research report, the Alcoholic Beverages Market is expected to expand at a CAGR of 3.2% during 2022-27.
Market Definition: A blend of fermented fruits, sugar, grains, with an ethanol content of more than 1.2%, is called an alcoholic beverage, i.e., stored fermented in several ways to bring out the best flavors for consumption. Such beverages are consumed widely by people across different regions worldwide as rejuvenating recreational drinks.In addition, due to the vast popularity of alcoholic drinks, commercial places like cafes, restaurants, bars, and hotels, among others, also serve experiment with these beverages to offer an attractive menu for the consumers.
Key Driver: The gradually improving purchase power of people, especially across regions like Asia-Pacific South America, is leading to the burgeoning popularity sales of alcoholic beverages like beer, which, in turn, is driving the Global Alcoholic Beverages Market. Besides, the rising influence of western culture on people across different countries in these regions is another prominent factor augmenting the demand for alcoholic beverages and stimulating the overall market growth.
Growth Restraint: With the surging awareness about the ill effects of alcohol consumption, there's a shift in consumer preference toward non-alcoholic energy drinks owing to their easy availability no reported health risks, i.e., the prime growth restraint for the Global Alcoholic Beverages Market during w022-27.
Moreover, with restrictions on advertising alcoholic beverages on national television across different countries, the leading market players are facing severe difficulties in expanding their brand. However, the allowance to use surrogate products under the brand name for marketing is a relief for manufacturers.
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The Market segments are cited below:
Market Divided into, By Product Type
-Beer (Based on Alcohol Percentage)
--Less than 8%
--More than 8%
--Others (Gin, Brandy, Tequila, etc.)
Market Divided into, By Distribution Channel
Market Divided into, By Packaging
Regional Landscape includes - North America, South America, Europe, Middle East Africa, Asia-Pacific
Country Level Segmentation is as follows: The US, Canada, Mexico, Brazil, Argentina, Germany, The UK, France, Italy, Spain, Russia, UAE, South Africa, China, India, Japan, Australia, South Korea, Indonesia
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Key Citations of the Research Report:
-Influential parameters driving or constraining Market growth
-The Market's response to the Covid-19 pandemic
-A thorough examination of the Market's shifting dynamics
-Assists in determining the profitability by providing thorough insights assessments of -various segments of the Market
-Key strategies adopted by market leaders to maintain their position in the Market
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