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Global Alcoholic Beverages Market Report by Type, Packaging, Distribution Channel, Country and Company Analysis 2024-2032

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    Report

  • 200 Pages
  • May 2024
  • Region: Global
  • Renub Research
  • ID: 5970791
Global Alcoholic Beverages Market share is anticipated to be about US$ 2,749.11 Billion by 203. The CAGR for the market from 2024 to 2032 is 5.02%. The publisher states that it equaled to US$ 1,769.07 in 2023.

Alcoholic drinks comprise a massive group of beverages that incorporate various quantities of alcohol (ethanol). Alcoholic beverages produced on a business scale encompass beer, wine, and distilled spirits, including brandy, whisky, rum, gin, cognac, vodka, and tequila. The additives of alcoholic beverages are pretty complex, and over 1,300 compounds have been recognized in various drinks. Alcoholic beverages have a couple of purposes. There are three essential uses directly based on the physical properties of beverage alcohol as a substance. They are analyzed for dietary use, medicinal use, and use as an intoxicant. On average, 63% of American people who are 18 years of age or older reported drinking alcohol between 2021 and 2022. Gallup, Inc. also stated that "the rate of consumption jumps to 65% when limited to adults who are of legal drinking age (21)."

Global Alcoholic Beverages Market Growth Drivers

  • Population growth and Increased Disposable Income
Developing nations are the ones whose standard of living, earnings, monetary and commercial development remain ordinary. The IMF says there are 152 developing nations with a population of around 6.82 billion. At 85.54%, that is a massive proportion of the world's population. The increase in the population of these countries is expected to drive the global alcoholic beverage market. Rising disposable earnings have additionally yielded an increased appetite for ingesting discretionary items like alcoholic drinks. This aids the improvement of the global alcoholic beverages market. By 2040, a few cities in growing and emerging markets are projected to be on par with cities in advanced economies. Euromonitor International states that from 2005 to 2021, real GDP in developed and rising markets surged by 115%, dwarfing the 25% boom in evolved economies. This trend is expected to continue, with real GDP growing by 105% over 2021-2040 in emerging and developing nations.
  • Changing Tastes of Consumers
The tastes of food and drink customers are continuing to change. People are more health aware. They are searching for more sustainable alternatives. At the same time, they want new, thrilling, and attractive options to enjoy. These needs are hitting the manufacturers of the global alcoholic beverages market as hard as another part of the foods and drinks industry. The demand for high-end products is growing, especially regarding spirits. The Beverage Daily reported that while general spirits’ income grew by 2%, sales of premium spirits grew by over 13%. Younger adults aged 22 to 34 search for new flavors, and manufacturers respond in various ways. Wines that provide more flexible fruit flavors like strawberry, apple, lemon, and lime are being produced. Alcoholic forms of iced tea are also on the shelves. For instance, in July 2023, Tequila CAZADORES announced the discharge of an innovation to their tequilas made with 100% agave, referred to as CAZADORES Café.
  • The attention of Consumers towards Environmental Concerns
Consumers care about the planet and want to understand what enterprises are doing to emerge as more sustainable. The 2023 Buying Green Report reviews that 82% of its respondents would be willing to pay more for sustainable packaging, up 4 points from 2022 and eight points since 2021. This suggests that the environment remains a consumer priority regardless of a worsening monetary state. Younger purchasers (18-24 year-olds) are even more inclined, leading at 90%. This propels the global alcoholic beverages market. Some of the numerous sustainable packaging used for alcohol are recycled plastic, cardboard TetraPak, glass, and refillable growlers. Most manufacturers have started by disposing of plastic rings for 6-packs of drinks and alternatively using cardboard separators. For instance, Bacardi plans to introduce a 100% biodegradable bottle by 2023 that may biodegrade within 18 months. It hopes the launch will replace 80 million plastic bottles yearly, 3,000 tonnes. The brand also creates a sustainably sourced paper bottle and objectives to be 100% plastic-free by 2030.
  • Increase in Online Alcohol Sales
The increase in online on-demand food and alcohol delivery offerings has changed how these commodities are accessed and understood. These products' online availability benefits both established manufacturers and smaller craft producers. This drives growth within the global alcoholic beverages market. One recent report by e-commerce companies Profitero and Nielsen determined that 21% of UK clients have bought alcohol online. This represents the highest percentage specified in Europe, with UK customers coming 3rd after China and Japan within the world ratings. Experts correlate this online achievement, especially wine, with 42% of online alcohol purchases, followed by spirits at 35%. The UK hosts numerous well-mounted wine shops, including Majestic and The Wine Society, that have helped bolster this online income.

Asia-Pacific Alcoholic Beverages Market

The Asia-Pacific alcoholic beverages market is poised for rapid increase. This is buoyed by its substantial and expanding populace, especially in nations like China and India. The United Nations Population Fund's (UNFPA) “State of World Population Report, 2023” estimates that India's populace is predicted at 1.4286 Billion, barely exceeding China's 1.4257 Billion. The location's strengthening economies also foster a growing middle class with higher disposable earnings. This leads to elevated spending on discretionary items like alcoholic drinks. The IMF forecasts the Asia-Pacific area to develop by 4.6 percent in 2023 and 4.2 percent in 2024. This contributes extensively to international growth. These factors drive the burgeoning demand for alcoholic drinks in the Asia-Pacific area.

The area's significant younger adult population is a critical target for beverage organizations seeking to establish a contemporary image through focused advertising. The e-trade surge also transforms the enterprise. This gives platforms for established manufacturers and local producers to access wider client bases. Cultural and social norms vary throughout the diverse Asia-Pacific, shaping alcohol alternatives. For instance, China favors beer and conventional rice wine, while Japan consumes sake, often enjoyed with food alongside beer after work.

Global Alcoholic Beverages Company News

The significant enterprises present in the global alcoholic beverages market are Anheuser-Busch InBev SA/NV, Carlsberg Group, Constellation Brands Inc., Heineken N.V., Molson Coors Beverage Company, Pernod Ricard SA, and Suntory Holdings Limited.
  • In January 2024 - Coca-Cola introduced lemon-dou, combining classic Japanese chuhai with the possibility of entering the Indian market. This introduced a new trend in India's beverage scene by combining global flavors with local preferences.
  • In February 2024 - Tomintoul Single Malt Scotch Whisky introduced two limited-edition cask finishes: the 2009 14-year-old Cognac Cask Finish and the 2008 15-year-old Madeira Cask Finish. Handcrafted in the scenic Cairngorms National Park, each expression boasts a unique maturation profile, having undergone careful finishing in casks personally selected by Master Distiller Robert Fleming.
  • In February 2024 - Smirnoff, in collaboration with hip-hop sensation Saweetie, is introducing exciting flavors and pairings to Las Vegas ahead of The Big Game to launch the new Smirnoff SMASH Vodka Soda. With four bold flavors, each containing just 100 calories, this debut ready-to-drink vodka soda is set to make an unprecedented impact.
  • In December 2023 - Apothékary launched Wine Down™, a herbal red wine tincture transforming the alcohol alternative category. Packed with potent herbal ingredients like California poppy, blue vervain, tart cherry, elderberry, hawthorn berry, bilberry, and L-theanine, it evokes red wine vibes with rich berry and spice flavors. This alcohol-free, sugar-free, vegan option undergoes third-party testing, ensuring quality and safety.
  • In November 2023 - The Duckhorn Portfolio, Inc. revealed its definitive agreement to purchase Sonoma-Cutrer Vineyards, a prominent luxury Chardonnay winery in the United States, from Brown-Forman Corporation. The transaction, valued at around US$ 400 Million, will be settled through a blend of Company stock and cash.
  • In October 2023 - Treasury Wine Estates Ltd, a global wine leader, announced the acquisition of DAOU Vineyards, a renowned luxury wine brand founded by Georges and Daniel Daou. The deal, valued at US$ 900 Million upfront with a potential additional earn-out of up to US$ 100 Million, aims to bolster TWE's luxury-focused portfolio and expand its footprint in crucial growth markets like the U.S.

Type - Market breakup in 4 viewpoints:

1. Beer
2. Distilled Spirits
3. Wine
4. Others

Packaging - Market breakup in 3 viewpoints:

1. Glass Bottle
2. Tin
3. Plastic Bottle

Distribution Channel - Market breakup in 6 viewpoints:

1. Convenience Stores
2. On Premises
3. Liquor Stores
4. Grocery Shops
5. Internet Retailing
6. Supermarkets

Country - Market breakup of 25 Countries:

1. North America
1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherlands
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa

All the Key players have been covered from 3 Viewpoints:

  • Overview
  • Recent Development
  • Revenue Analysis

Company Analysis:

1. Anheuser-Busch InBev SA/NV
2. Carlsberg Group
3. Constellation Brands Inc.
4. Heineken N.V.
5. Molson Coors Beverage Company
6. Pernod Ricard SA
7. Suntory Holdings Limited

Table of Contents

1. Introduction2. Research Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Alcoholic Beverages Market
6. Market Share - Global Alcoholic Beverages Analysis
6.1 Type
6.2 Packaging
6.3 Distribution Channel
6.4 Country
7. Type - Global Alcoholic Beverages Market
7.1 Beer
7.2 Distilled Spirits
7.3 Wine
7.4 Others
8. Packaging - Global Alcoholic Beverages Market
8.1 Glass Bottle
8.2 Tin
8.3 Plastic Bottle
9. Distribution Channel - Global Alcoholic Beverages Market
9.1 Convenience Stores
9.2 On Premises
9.3 Liquor Stores
9.4 Grocery Shops
9.5 Internet Retailing
9.6 Supermarkets
10. Country - Global Alcoholic Beverages Market
10.1 North America
10.1.1 United States
10.1.2 Canada
10.2 Europe
10.2.1 France
10.2.2 Germany
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Belgium
10.2.7 Netherlands
10.2.8 Turkey
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 South Korea
10.3.5 Thailand
10.3.6 Malaysia
10.3.7 Indonesia
10.3.8 Australia
10.3.9 New Zealand
10.4 Latin America
10.4.1 Brazil
10.4.2 Mexico
10.4.3 Argentina
10.4.4 Middle East & Africa
10.4.5 Saudi Arabia
10.4.6 UAE
10.4.7 South Africa
11. Porter’s Five Analysis - Global Alcoholic Beverages Market
11.1 Bargaining Power of Buyers
11.2 Bargaining Power of Suppliers
11.3 Degree of Rivalry
11.4 Threat of New Entrants
11.5 Threat of Substitutes
12. SWOT Analysis - Global Alcoholic Beverages Market
12.1 Strength
12.2 Weakness
12.3 Opportunity
12.4 Threat
13. Key Players
13.1 Anheuser-Busch InBev SA/NV
13.1.1 Overview
13.1.2 Recent Development
13.1.3 Revenue
13.2 Carlsberg Group
13.2.1 Overview
13.2.2 Recent Development
13.2.3 Revenue
13.3 Constellation Brands Inc
13.3.1 Overview
13.3.2 Recent Development
13.3.3 Revenue
13.4 Heineken N.V.
13.4.1 Overview
13.4.2 Recent Development
13.4.3 Revenue
13.5 Molson Coors Beverage Company
13.5.1 Overview
13.5.2 Recent Development
13.5.3 Revenue
13.6 Pernod Ricard SA
13.6.1 Overview
13.6.2 Recent Development
13.6.3 Revenue
13.7 Suntory Holdings Limited
13.7.1 Overview
13.7.2 Recent Development
13.7.3 Revenue
List of Tables
Table-01: Global - Alcoholic Beverages Market Share by Type (Percent), 2019 - 2023
Table-02: Global - Forecast for Alcoholic Beverages Market Share by Type (Percent), 2024 - 2032
Table-03: Global - Alcoholic Beverages Market Share by Packaging (Percent), 2019 - 2023
Table-04: Global - Forecast for Alcoholic Beverages Market Share by Packaging (Percent), 2024 - 2032
Table-05: Global - Alcoholic Beverages Market Share by Distribution Channel (Percent), 2019 - 2023
Table-06: Global - Forecast for Alcoholic Beverages Market Share by Distribution Channel (Percent), 2024 - 2032
Table-07: Global - Alcoholic Beverages Market Share by Countries (Percent), 2019 - 2023
Table-08: Global - Forecast for Alcoholic Beverages Market Share by Countries (Percent), 2024 - 2032
List of Figures
Figure-01: Global - Alcoholic Beverages Market (Billion US$), 2019 - 2023
Figure-02: Global - Forecast for Alcoholic Beverages Market (Billion US$), 2024 - 2032
Figure-03: Type - Beer Market (Million US$), 2019 - 2023
Figure-04: Type - Forecast for Beer Market (Million US$), 2024 - 2032
Figure-05: Type - Distilled Spirits Market (Million US$), 2019 - 2023
Figure-06: Type - Forecast for Distilled Spirits Market (Million US$), 2024 - 2032
Figure-07: Type - Wine Market (Million US$), 2019 - 2023
Figure-08: Type - Forecast for Wine Market (Million US$), 2024 - 2032
Figure-09: Type - Others Market (Million US$), 2019 - 2023
Figure-10: Type - Forecast for Others Market (Million US$), 2024 - 2032
Figure-11: Packaging - Glass Bottle Market (Million US$), 2019 - 2023
Figure-12: Packaging - Forecast for Glass Bottle Market (Million US$), 2024 - 2032
Figure-13: Packaging - Tin Market (Million US$), 2019 - 2023
Figure-14: Packaging - Forecast for Tin Market (Million US$), 2024 - 2032
Figure-15: Packaging - Plastic Bottle Market (Million US$), 2019 - 2023
Figure-16: Packaging - Forecast for Plastic Bottle Market (Million US$), 2024 - 2032
Figure-17: Distribution Channel - Convenience Stores Market (Million US$), 2019 - 2023
Figure-18: Distribution Channel - Forecast for Convenience Stores Market (Million US$), 2024 - 2032
Figure-19: Distribution Channel - On Premises Market (Million US$), 2019 - 2023
Figure-20: Distribution Channel - Forecast for On Premises Market (Million US$), 2024 - 2032
Figure-21: Distribution Channel - Liquor Stores Market (Million US$), 2019 - 2023
Figure-22: Distribution Channel - Forecast for Liquor Stores Market (Million US$), 2024 - 2032
Figure-23: Distribution Channel - Grocery Shops Market (Million US$), 2019 - 2023
Figure-24: Distribution Channel - Forecast for Grocery Shops Market (Million US$), 2024 - 2032
Figure-25: Distribution Channel - Internet Retailing Market (Million US$), 2019 - 2023
Figure-26: Distribution Channel - Forecast for Internet Retailing Market (Million US$), 2024 - 2032
Figure-27: Distribution Channel - Supermarkets Market (Million US$), 2019 - 2023
Figure-28: Distribution Channel - Forecast for Supermarkets Market (Million US$), 2024 - 2032
Figure-29: United States - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-30: United States - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-31: Canada - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-32: Canada - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-33: France - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-34: France - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-35: Germany - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-36: Germany - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-37: Italy - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-38: Italy - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-39: Spain - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-40: Spain - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-41: United Kingdom - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-42: United Kingdom - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-43: Belgium - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-44: Belgium - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-45: Netherlands - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-46: Netherlands - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-47: Turkey - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-48: Turkey - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-49: China - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-50: China - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-51: China - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-52: China - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-53: Japan - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-54: Japan - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-55: India - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-56: India - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-57: South Korea - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-58: South Korea - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-59: Thailand - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-60: Thailand - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-61: Malaysia - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-62: Malaysia - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-63: Indonesia - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-64: Indonesia - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-65: Australia - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-66: Australia - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-67: New Zealand - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-68: New Zealand - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-69: Mexico - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-70: Mexico - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-71: Argentina - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-72: Argentina - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-73: Saudi Arabia - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-74: Saudi Arabia - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-75: UAE - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-76: UAE - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-77: South Africa - Alcoholic Beverages Market (Million US$), 2019 - 2023
Figure-78: South Africa - Forecast for Alcoholic Beverages Market (Million US$), 2024 - 2032
Figure-79: Anheuser-Busch InBev SA/NV - Global Revenue (Million US$), 2019 - 2023
Figure-80: Anheuser-Busch InBev SA/NV - Forecast for Global Revenue (Million US$), 2024 - 2032
Figure-81: Carlsberg Group - Global Revenue (Million US$), 2019 - 2023
Figure-82: Carlsberg Group - Forecast for Global Revenue (Million US$), 2024 - 2032
Figure-83: Constellation Brands Inc - Global Revenue (Million US$), 2019 - 2023
Figure-84: Constellation Brands Inc - Forecast for Global Revenue (Million US$), 2024 - 2032
Figure-85: Heineken N.V. - Global Revenue (Million US$), 2019 - 2023
Figure-86: Heineken N.V. - Forecast for Global Revenue (Million US$), 2024 - 2032
Figure-87: Molson Coors Beverage Company - Global Revenue (Million US$), 2019 - 2023
Figure-88: Molson Coors Beverage Company - Forecast for Global Revenue (Million US$), 2024 - 2032
Figure-89: Pernod Ricard SA - Global Revenue (Million US$), 2019 - 2023
Figure-90: Pernod Ricard SA - Forecast for Global Revenue (Million US$), 2024 - 2032
Figure-91: Suntory Holdings Limited - Global Revenue (Million US$), 2019 - 2023
Figure-92: Suntory Holdings Limited - Forecast for Global Revenue (Million US$), 2024 - 2032

Companies Mentioned

  • Anheuser-Busch InBev SA/NV
  • Carlsberg Group
  • Constellation Brands Inc.
  • Heineken N.V.
  • Molson Coors Beverage Company
  • Pernod Ricard SA
  • Suntory Holdings Limited

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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