Global Alcoholic Beverages Market expected to reach USD 1.6 billion by 2025

1. Global Alcoholic Beverages Market expected to reach USD 1.6 billion by 2025 Market overview: The global Alcoholic Beverages Market was valued at USD 1.4 billion in 2019, and it is predicted to reach a valuation of USD 1.6 billion by 2025 at a CAGR of 2.0% during the conjecture period. Alcoholic beverages are a kind of consumable drinks that contain regulated volume of ethanol. Alcoholic beverages are formed by fermentation of many other ingredients, such as grains, fruits and honey, plant sap, milk and tubers. The fermentation broth is further distilled to reduce the water content in order to obtain an excellent alcohol concentration. In general, sources of sugar and yeast can produce alcohol. Alcohol acts as a small amount of inhibitor and helps reduce anxiety and improve sociability. Long-term alcohol consumption can lead to addiction and physical dependence. Additionally, high alcohol consumption increases the risk of high blood pressure, stroke, and heart disease. Recent developments: Dutch beer conglomerate Heineken took a stake in the Slovenian brewery Pivovarna Laško and sparked a backlash against Anheuser-Busch InBev seeking to acquire a rival SABMiller. Market Drivers and Restrains: Demand has increased significantly as demand for alcoholic beverages in the Millennium Generation worldwide increases rapidly. One of the main drivers of growth in this industry is the concept of alcohol consumption, which has infiltrated the culture of people in developing countries. The growth of the world's leading market is fueled by a growing population of young adults worldwide, an increase in disposable income, and an increase in consumer demand for premium/super premium products. The global alcoholic beverages market has experienced remarkable growth in recent years due to several beneficial factors. With increasing disposable income in emerging economies, as the urban population has grown, people have come to explore new forms of entertainment, such as spending time at night parties and bars and lounges. Additionally, young people with high family incomes, high social media influence,

2. and easy access to alcohol are the main drivers of alcohol sales. Higher disposable incomes along with increased consumption of alcoholic beverages are driving the growth of the global alcoholic beverage market. Consumption of alcoholic beverages increased as the urban population grew worldwide. The changing lifestyle and the availability of premium liquor products are expected to strengthen the liquor market during the forecast period. Due to increasing health issues, the high cost of premium products and the expansion of the non-alcoholic beverages market are expected to limit market growth in the near future. To know more read: https://www.marketdataforecast.com/market-reports/alcoholic-beverages- market Report is segmented as: Depending on the type of product, the alcoholic beverages market is divided into wine, beer and liquor. The beer sector occupied a significant market share in volume. Based on the packaging, the market is divided into cans, glass bottles, and plastic bottles. The glass bottle packaging segment occupied a significant market share in terms of sales. According to the sales channel, the main market is classified as hotels/bars/restaurants, online retail stores, specialty stores and convenience stores. Geographical Segmentation: Geographically, North America maintained the leading market share in terms of income. The market is expected to be driven by increased consumption of alcoholic beverages in the young adult generation. In terms of imports, North America was followed by Asia Pacific and Europe. The Asia Pacific region is expected to witness significant growth in the coming years due to urban population growth, disposable income, and the availability of local and imported alcoholic beverages through various distribution channels. Impact of COVID 19 on Alcoholic Beverages Market

3. The emergence of the COVID-19 pandemic had a negative impact on liquor sales. Strict closings and temporary closings of liquor stores, bars, and restaurants contribute greatly to declining Alcoholic Beverages sales worldwide. However, the market is expected to rebound in 2021 with a significant growth rate since 2022. Key market players: The main players in the liquor market are Diageo, Anheuser-Busch InBev, Carlsberg, SABMiller, Pernod Ricard, Heineken, Remy Cointreau and Bacardi. View sample and decide: https://www.marketdataforecast.com/market-reports/alcoholic-beverages- market/request-sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us:

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