The Alcoholic Beverages Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Alcoholic Beverages Market is estimated to be USD xx million in 2018 and predicted to rise to USD xx million by 2023 with a CAGR of xx%. The market is segmented by Type (Wine, Beer, Distilled Spirits,) and by Distribution Channel (Retailers, Convenience Stores, On Premises, and Supermarkets) .Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The significant driver is the growing demand for premium alcoholic beverage. Also change in lifestyles leading to new product launches and innovations in alcoholic drinks, in developed and developing nations is boosting the industry. Benefits like reduction in risk of cardiovascular disease, prevention from cold when consuming alcohol in limited amounts is further expected to boost this industry. Change in climatic conditions leads to the reduction in the yield of the crop, which increases the cost of alcohol is a limiting factor to this industry. Also increasing government regulation and taxes are proving to be a barrier in the Alcoholic Beverages market.
The global Alcoholic Beverages market is segmented on the basis of Type, Distribution Channel and region. Based on type the market is segmented into beer, wine and distilled spirits. Beer segment has a major share in Alcoholic Beverages market in 2017 which was around 75%. Based on Distribution Channel the market is segmented into Convenience Stores, On Premises, Retailers, and Supermarkets. Convenience Stores is expected to have highest growth rate.
In terms of geography, North America accounted for the maximum market share during 2018 and will continue to dominate the market for the next few years. The key factor responsible for the growth in youngâ€adult population, and change in trend to elevated consumption of high-quality alcoholic beverages. Markets such as China and India, are expected to witness the increase in demand for alcoholic beverages during the forecast period. The reasons for the increasing demand are the substantial growth in disposable income in this region.
Molson Coors Brewing Co., Pernod Ricard SA, SABMiller Ltd., United Spirits Ltd.,Bacardi Limited, Beam Suntory Inc., Constellation Brands Inc., Diageo , Heineken Holding NV, Accolade Wines Ltd., Asahi Breweries Ltd., Brown-Forman Corp., Carlsberg A/S, China Resources Beer Company Limited,are the leaders in the global Alcoholic Beverages market.
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