Alcoholic Beverages

Alcoholic Beverages Market - Global Industry Insights and Key Market
Players
Alcoholic beverages

are distilled drink or liquor produced from fermentation of the sugar
obtained from fruits, berries, and grains. These beverages contain more than a minimal
amount of ethyl alcohol or ethanol. They are classified into three general classes called beer,
wine, and spirit. Increasing number of adult and young population and high disposable
income of the consumers are the major factors driving growth of the market. Innovation in
product due to high demand for alcoholic beverages with changing taste and preferences is
key factor for growth of this industry. Advancement in the distribution channels such as
availability of separate counter for females, outlet on airports, online sales, and growing
tourism sector are some of the factors boosting growth of market.
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Consumption of alcoholic beverages in a limited quantity is associated with reduced risk of
cardiovascular diseases. Furthermore, consumption of red wine reduces the risk of heart
diseases and burns fat. Therefore, introduction of varieties among beer and spirits is
expected to create lucrative opportunity for growth of the alcoholic beverages market.
Spirits hold highest share in the global market of alcoholic beverages. More than 45 percent
of the total alcohol is consumed is in the form of spirits. Increasing demand for premium and
super premium whiskey is expected to fuel growth of alcoholic beverage market.
According to World Health Organization (WHO), the alcoholic beverages are not only
marketed through the conventional broadcast media (such as radio and television), but also
by direct marketing technologies such as the internet and podcasts. Furthermore, by
featuring alcoholic drinks in the entertainment sector such as films and songs, producers
attracts the young population for consumption of alcohol.
Alcoholic beverages market outlookEurope is reported to have highest number of population consuming beer. Alcoholic
beverages market in this region is led by France, followed by Germany, Italy, UK, and
others. The high consumption rate of alcohol has also been recorded in the economies such
as Estonia, Belarus, and Lithuania in this region. According to the World Bank Group, in
2015, Belarus consumed 17.1 liters per person per capita as compared to world average of
6.3 liters per person per capita.
North America is gaining significant traction in alcoholic beverage market, owing to
increasing trend of alcohol consumption in young-adult people, which increases demand for
high-quality alcoholic beverages. According to National Institute on Alcohol Abuse and
Alcoholism (NIAAA), in 2015, around 6.2 percent of adult population were reported to be
consuming alcoholic beverages in the U.S
India and China are projected to witness high demand for alcoholic beverages over the
forecast period, owing to substantial growth in the disposable income, increasing population,
and inclination of young generation towards the western culture. Availability of local spirits
such as baijiu in China is propelling the growth of alcoholic beverages in Asia Pacific region.
Alcoholic beverages market challengesHowever, changes in climatic condition leads to decrease in the yield of the crop, thereby,
increasing raw material prices. Furthermore, strict governmental regulations is one of the
major challenge in the growth of the alcohol industry. Availability of substitute products and
the legalization of marijuana especially in the U.S. is also expected to hinder growth of this
market.
Key Players in the Global Alcoholic Beverages Market
Major players are focused on strategies such as merger and acquisition to maintain leading
position in market. Innovations and new product development in the manufacturing of
flavored wine, vodka, beer, and cocktail such as wine based cocktails, vintage cocktails, and
exotic spirits are expected to drive growth of the market.
Key players operating in the global alcoholic beverages market include Anheuser-Busch
InBev SA/NV, Bacardi Limited, Beam Suntory Inc., Constellation Brands Inc., Diageo Plc,
Heineken Holding NV, Molson Coors Brewing Co., Pernod Ricard SA, SABMiller Ltd., and
Carlsberg group.
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Europe is reported to have highest number of population consuming beer. Alcoholic beverages market in this region is led by France, followed by Germany, Italy, UK, and others.

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