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Promo - Middle East And Africa Alcoholic Beverages Market

Middle East and Africa Alcoholic Beverages Market is worth USD million in 2016 and estimated to grow at a CAGR of xx.xx%, to reach USD million by 2021.
Middle East and Africa Alcoholic Beverages Market to grow at a stable rate during the
forecast period
The global alcoholic beverages market has witnessed huge growth over the last few years driven by a
wide range of favorable factors. Growing urban population let alone the rising disposable incomes in
developing economies is leading people to explore new kinds of recreation like night parties and
spending time at places that serve alcohol, like bars and pubs.
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Young adults with high family incomes, strong influence of the social media and very easy access to
alcoholic drinks are the different outstanding factors driving sales of alcoholic drinks. In urban areas,
high-pressure jobs and also the perception that consumption of alcohol is relaxing and thus helpful to
the mind is resulting in the augmented consumption of alcoholic drinks. The beer section is predicted to
represent over 40% of the total market share among all the segments by the end of 2021.
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Drivers and Restraints:
The growing demand for premium alcoholic beverages is taken into account to be one amongst the
most basic drivers for this market. Efforts by many alcoholic drink manufacturers for reinforcing their
distribution channels and extension of purchase points including online stores and convenience stores is
additionally a constructive factor to the expansion of the regional alcoholic beverages market.
Manufacturers of alcoholic drinks are ceaselessly launching new merchandise with additional flavors.
Curiosity among customers particularly among millennials is attracting them to give it a try for these
products, and it consequently has a positive effect on the alcoholic beverages market.
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Geographical Segmentation:
Geographically, the regional market is studied under Middle East and Africa. Middle East and Africa
region has a vast untapped market potential. This is often principally in the form of rising urban centers
and increasing per capita financial gain of the working population in this region. However, religious
restrictions are hampering the growth of the market significantly.
The leading companies the present regional market include Molson Coors Brewing Co., Pernod Ricard
SA, SABMiller Ltd., United Spirits Ltd.,Bacardi Limited, Beam Suntory Inc., Constellation Brands Inc.,
Diageo , Heineken Holding NV and Accolade Wines Ltd.
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North America Alcohol Ingredients Market:
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