The global alcoholic beverages market report, published by GMI Research, provides extensive insight and analysis of the global alcoholic beverages market over the forecast period (2020-2027). The report primarily focuses on the key business financials, product portfolio, expansion strategies, and recent developments in the global alcoholic beverages market. The research report also studies the competitive environment of the alcoholic beverages market based on the company profiles and their efforts on increasing product value and production.
Leading Players in the Global Alcoholic Beverages Market
The leading players in the Global Alcoholic Beverages market are Heineken Holding N.V, United Spirits Ltd., Heineken Holding N.V., Bacardi Limited, Pernod Ricard SA, Diageo, Anheuser-Busch InBev SA/NV, Molson Coors Brewing Company, Tazo Alcoholic Beverages Company, and Anheuser-Busch InBev, among others.
Key Drivers in the Global Alcoholic Beverages Market
The increasing number of alcohol-consuming population and high disposable income are the key drivers boosting the growth of the alcoholic beverages market size. Additionally, alcoholic drinks are widely used for medicinal purposes, such as to reduce anxiety if taken in the prescribed dosage. This factor will further surge the demand of the global alcoholic beverages market over the coming years. For example, if consumed in a prescribed dose, beer helps in enhancing bone health, improves cholesterol, and reduces the risk of heart diseases.
On the other end of the spectrum, the emergence of the COVID-19 pandemic has adversely impacted the sales of alcoholic beverages. The strict lockdown and the temporary shutdown of liquor shops, bars, and restaurants are the major reasons responsible for the decline in the sales of alcohol around the world. In addition to this, the high cost and health risks associated with the high dosage of alcoholic drinks are likely to restrain the growth of the market. Furthermore, the growing penetration of substitute drinks such as tea, coffee, fruit juices, and soft drinks will hamper the growth of the market. However, the market is projected to bounce back in 2021 while growing at a significant rate from 2022 onwards.
Global Alcoholic Beverages Market by Type:
o Sparkling Wine
o Fortified Wine
- Distilled Spirit
Global Alcoholic Beverages Market by Point of Sale:
- Retail Stores
- Liquor Stores
Global Alcoholic Beverages Market by Region:
- North America
o United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
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