Alcoholic Drinks Market size to grow by 88.96 billion liters between 2022 to 2027; Growth opportunities led by Aceo Ltd. and Allied Blenders and Distillers Pvt. Ltd- Technavio

NEW YORK, June 22, 2023 /PRNewswire/ -- The alcoholic drinks market size is estimated to grow at a CAGR of 5.66% between 2022 and 2027 and the size of the market is forecast to increase by 88.96 billion liters. The market is fragmented due to the presence of diversified international and regional vendors. The growing popularity of the craft alcoholic drinks segment is a significant driver of the global alcoholic drinks market growth. Craft alcoholic beverages such as beer, spirits, and cider have experienced a rise in popularity among consumers, because of their distinct flavors and tastes. Furthermore, major established beer companies are inclined to introduce their own line of craft beer line or acquire existing craft beer brands. This strategy allows them to have strong control over the marketing techniques and the distribution network of the small breweries. For instance, Anheuser Busch InBev has already acquired about ten craft breweries, including Golden Road Brewing, Wicked Weed Brewing, and Elysian Brewing. Hence, these factors are expected to increase consumer interest in alcoholic drinks, driving the market growth during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Request sample report 

Alcoholic Drinks Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The soft skills training market report covers the following areas:

• Alcoholic Drinks Market 2023-2027 Size
• Alcoholic Drinks Market 2023-2027 Trends
• Alcoholic Drinks Market 2023-2027 Industry Analysis

Alcoholic Drinks Market 2023-2027: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors must focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also must leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Aceo Ltd., Allied Blenders and Distillers Pvt. Ltd., Anheuser Busch InBev SA NV, Anora Group Plc, Bacardi Ltd., Bronco Wine Co., Brown Forman Corp., Carlsberg Breweries AS, Constellation Brands Inc., Diageo Plc, E. and J. Gallo Winery, Heineken NV, Molson Coors Beverage Co., Pernod Ricard SA, Suntory Holdings Ltd., The Boston Beer Co. Inc., The Edrington Group Ltd., The Wine Group LLC, Treasury Wine Estates Ltd., and Vina Concha y Toro SA are among some of the major market participants.

Vendor Offerings

• Aceospirits – The company supplies blended and single-malt Scotch whisky and other branded bottled spirits. Additionally offers alcoholic drinks under brands such as Aceo Spirits, and Murray Mcdavid.
• Allied Blenders and Distillers Pvt. Ltd – The company offers alcoholic drinks under brands such as Beck's, Corona, and Budweiser.
• Anora Group Plc – The company offers alcoholic drinks under the brands such as Koskenkorva, LINIE Aquavit, and O. P. Anderson

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Alcoholic Drinks Market 2023-2027: Market Dynamics

Major Trends

Increasing consumption of alcoholic drinks is the primary trend shaping the alcoholic drinks market. The demand for alcoholic drinks is increasing rapidly in developing economies such as India, China, Indonesia, and Singapore. Alcoholic beverage producers are actively working on improving their distribution channels and expanding their sales reach. This includes taking advantage of online stores and convenience stores, which have become an important way for market growth. These efforts made by the producers help them to connect with the larger customer base and make their products more accessible to customers. Hence, these initiatives by key players are expected to drive the growth of the market during the forecast period.

Significant Challenges

The prominence of counterfeit products is a key challenge negatively impacting the alcoholic drinks market growth. The alcohol industry is under constant threat from the entry of counterfeit alcohol products into the market. These items can lead to heavy revenue losses for manufacturers and can also affect the health of consumers to a great extent.

Furthermore, these products are bottled and labeled and appear as the original ones. Vodka is one of the most common counterfeit spirits. Hence, the major challenge is to decrease the growth of counterfeit alcoholic drinks, as it can restrict the growth of the market during the forecast period.

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Alcoholic Drinks Market 2023-2027: Segmentation

Alcoholic Drinks Market is segmented as below:

• Distribution Channel 
• Offline
• Online
• Type 
• Beer
• Wine
• Spirits
• RTD Pre-mixes
• Cider
• Geography 
• APAC
• Europe
• North America
• South America
• Middle East and Africa

The market share growth in the offline segment will be significant during the forecast period. Offline refers to the physical location where alcoholic beverages are sold for consumption away from the premises. This includes supermarkets, shops, bars, restaurants, hotels, and nightclubs. These locations allow the consumers to buy alcoholic beverages and enjoy them outside the establishment where they are purchased. For instance, Offline distribution channels accounted for approximately 95% of overall sales of alcoholic drinks in 2022. Furthermore, the offline distribution channel has risen due to increased consumption of alcoholic drinks, changes in customer buying behavior, and expansion in the market. Hence these factors are expected to drive the growth of the segment during the forecast period.

APAC is estimated to contribute 37% to the growth of the global market during the forecast period. Countries like China, Japan, Australia, India, South Korea, Vietnam, Taiwan, and others are key contributors to the market. India is a leading market for whiskey and accounts for the largest share of the whiskey market in APAC. It is expected that China will soon become one of the world's largest markets for tequila. Hence, these factors are expected to drive the growth of the market in the region during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities, historic data (2017 to 2021) & forecast (2023-2027)  – Download a Sample Report

Alcoholic Drinks Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist alcoholic drinks market growth during the next five years
• Estimation of the alcoholic drinks market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the alcoholic drinks market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of the alcoholic drinks market, vendors

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Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (billion L)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (billion L)
• Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global alcoholic drinks market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global alcoholic drinks market 2017 - 2021 (billion L)

• 4.2 Distribution Channel Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Distribution Channel Segment 2017 - 2021 (billion L)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 (billion L)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (billion L)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (billion L)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

• 6.1 Market segments
• Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 6.2 Comparison by Distribution Channel 
• Exhibit 32: Chart on Comparison by Distribution Channel
• Exhibit 33: Data Table on Comparison by Distribution Channel

• 6.3 Offline - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 (billion L)
• Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 (billion L)
• Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 6.4 Online - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Online - Market size and forecast 2022-2027 (billion L)
• Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 (billion L)
• Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Distribution Channel 
• Exhibit 42: Market opportunity by Distribution Channel (billion L)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 43: Chart on Type - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 45: Chart on Comparison by Type
• Exhibit 46: Data Table on Comparison by Type

• 7.3 Beer - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Beer - Market size and forecast 2022-2027 (billion L)
• Exhibit 48: Data Table on Beer - Market size and forecast 2022-2027 (billion L)
• Exhibit 49: Chart on Beer - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Beer - Year-over-year growth 2022-2027 (%)

• 7.4 Wine - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Wine - Market size and forecast 2022-2027 (billion L)
• Exhibit 52: Data Table on Wine - Market size and forecast 2022-2027 (billion L)
• Exhibit 53: Chart on Wine - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Wine - Year-over-year growth 2022-2027 (%)

• 7.5 Spirits - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Spirits - Market size and forecast 2022-2027 (billion L)
• Exhibit 56: Data Table on Spirits - Market size and forecast 2022-2027 (billion L)
• Exhibit 57: Chart on Spirits - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Spirits - Year-over-year growth 2022-2027 (%)

• 7.6 RTD pre-mixes - Market size and forecast 2022-2027 
• Exhibit 59: Chart on RTD pre-mixes - Market size and forecast 2022-2027 (billion L)
• Exhibit 60: Data Table on RTD pre-mixes - Market size and forecast 2022-2027 (billion L)
• Exhibit 61: Chart on RTD pre-mixes - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on RTD pre-mixes - Year-over-year growth 2022-2027 (%)

• 7.7 Cider - Market size and forecast 2022-2027 
• Exhibit 63: Chart on Cider - Market size and forecast 2022-2027 (billion L)
• Exhibit 64: Data Table on Cider - Market size and forecast 2022-2027 (billion L)
• Exhibit 65: Chart on Cider - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Cider - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Type 
• Exhibit 67: Market opportunity by Type (billion L)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 (billion L)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 (billion L)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 (billion L)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 (billion L)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027 
• Exhibit 81: Chart on North America - Market size and forecast 2022-2027 (billion L)
• Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 (billion L)
• Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 (billion L)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 (billion L)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 (billion L)
• Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (billion L)
• Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 (billion L)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 (billion L)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 97: Chart on US - Market size and forecast 2022-2027 (billion L)
• Exhibit 98: Data Table on US - Market size and forecast 2022-2027 (billion L)
• Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027 
• Exhibit 101: Chart on UK - Market size and forecast 2022-2027 (billion L)
• Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 (billion L)
• Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027 
• Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 (billion L)
• Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 (billion L)
• Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027 
• Exhibit 109: Chart on Germany - Market size and forecast 2022-2027 (billion L)
• Exhibit 110: Data Table on Germany - Market size and forecast 2022-2027 (billion L)
• Exhibit 111: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography (billion L)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 Aceo Ltd.
• Exhibit 120: Aceo Ltd. - Overview
• Exhibit 121: Aceo Ltd. - Product / Service
• Exhibit 122: Aceo Ltd. - Key offerings

• 12.4 Allied Blenders and Distillers Pvt. Ltd. 
• Exhibit 123: Allied Blenders and Distillers Pvt. Ltd. - Overview
• Exhibit 124: Allied Blenders and Distillers Pvt. Ltd. - Product / Service
• Exhibit 125: Allied Blenders and Distillers Pvt. Ltd. - Key offerings

• 12.5 Anheuser Busch InBev SA NV 
• Exhibit 126: Anheuser Busch InBev SA NV - Overview
• Exhibit 127: Anheuser Busch InBev SA NV - Business segments
• Exhibit 128: Anheuser Busch InBev SA NV - Key offerings
• Exhibit 129: Anheuser Busch InBev SA NV - Segment focus

• 12.6 Anora Group Plc
• Exhibit 130: Anora Group Plc - Overview
• Exhibit 131: Anora Group Plc - Business segments
• Exhibit 132: Anora Group Plc - Key offerings
• Exhibit 133: Anora Group Plc - Segment focus

• 12.7 Bacardi Ltd.
• Exhibit 134: Bacardi Ltd. - Overview
• Exhibit 135: Bacardi Ltd. - Product / Service
• Exhibit 136: Bacardi Ltd. - Key offerings

• 12.8 Bronco Wine Co.
• Exhibit 137: Bronco Wine Co. - Overview
• Exhibit 138: Bronco Wine Co. - Product / Service
• Exhibit 139: Bronco Wine Co. - Key offerings

• 12.9 Brown Forman Corp.
• Exhibit 140: Brown Forman Corp. - Overview
• Exhibit 141: Brown Forman Corp. - Product / Service
• Exhibit 142: Brown Forman Corp. - Key offerings

• 12.10 Carlsberg Breweries AS 
• Exhibit 143: Carlsberg Breweries AS - Overview
• Exhibit 144: Carlsberg Breweries AS - Business segments
• Exhibit 145: Carlsberg Breweries AS - Key offerings
• Exhibit 146: Carlsberg Breweries AS - Segment focus

• 12.11 Constellation Brands Inc. 
• Exhibit 147: Constellation Brands Inc. - Overview
• Exhibit 148: Constellation Brands Inc. - Business segments
• Exhibit 149: Constellation Brands Inc. - Key offerings
• Exhibit 150: Constellation Brands Inc. - Segment focus

• 12.12 Diageo Plc
• Exhibit 151: Diageo Plc - Overview
• Exhibit 152: Diageo Plc - Business segments
• Exhibit 153: Diageo Plc - Key offerings
• Exhibit 154: Diageo Plc - Segment focus

• 12.13 E. and J. Gallo Winery 
• Exhibit 155: E. and J. Gallo Winery - Overview
• Exhibit 156: E. and J. Gallo Winery - Product / Service
• Exhibit 157: E. and J. Gallo Winery - Key offerings

• 12.14 Heineken NV
• Exhibit 158: Heineken NV - Overview
• Exhibit 159: Heineken NV - Business segments
• Exhibit 160: Heineken NV - Key offerings
• Exhibit 161: Heineken NV - Segment focus

• 12.15 Molson Coors Beverage Co. 
• Exhibit 162: Molson Coors Beverage Co. - Overview
• Exhibit 163: Molson Coors Beverage Co. - Business segments
• Exhibit 164: Molson Coors Beverage Co. - Key offerings
• Exhibit 165: Molson Coors Beverage Co. - Segment focus

• 12.16 Pernod Ricard SA
• Exhibit 166: Pernod Ricard SA - Overview
• Exhibit 167: Pernod Ricard SA - Product / Service
• Exhibit 168: Pernod Ricard SA - Key offerings

• 12.17 Suntory Holdings Ltd. 
• Exhibit 169: Suntory Holdings Ltd. - Overview
• Exhibit 170: Suntory Holdings Ltd. - Business segments
• Exhibit 171: Suntory Holdings Ltd. - Key offerings
• Exhibit 172: Suntory Holdings Ltd. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 173: Inclusions checklist
• Exhibit 174: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 175: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 176: Research methodology
• Exhibit 177: Validation techniques employed for market sizing
• Exhibit 178: Information sources

• 13.5 List of abbreviations 
• Exhibit 179: List of abbreviations

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