Alcoholic drinks market to grow by 5.42% Y-O-Y in 2023 | Aceo Ltd., Allied Blenders and Distillers Pvt. Ltd. and more among the key companies in the market – Technavio

NEW YORK, Dec. 8, 2023 /PRNewswire/ — 

Alcoholic drinks market insights –

Vendors: 15+, Including 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., Vina Concha y Toro SA, among othersCoverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendorsSegments: Distribution Channel (Offline and Online), Type (Beer, Wine, Spirits, RTD pre-mixes, and Cider), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

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In 2017, the alcoholic drinks market was valued at 233.99 billion liters. From a regional perspective, APAC held the largest market share, valued at 83.38 billion liters. The alcoholic drinks market size is estimated to grow by 88.96 billion liters from 2022 to 2027 at a CAGR of 5.66% according to Technavio.

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Alcoholic drinks market – Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –

Key purchase criteriaAdoption ratesAdoption lifecycleDrivers of price sensitivityFor highlights on customer landscape analysis, download a sample!

Global Alcoholic drinks market – Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors including –

Anheuser Busch InBev SA NV – The company offers alcoholic drinks under the 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.Bacardi Ltd. – The company offers alcoholic drinks such as rum and Vodka.Bronco Wine Co. – The company offers alcoholic drinks under the brands such as Smirnoff and Casamigos Blanco.

Alcoholic drinks market – Market Dynamics

Major Drivers – 

Increase in popularity of craft segmentRise in mergers and acquisitionsIncrease in marketing and promotional activities

KEY Challenges – 

Prominence of counterfeit productsCompetition from other beveragesHigh taxation

Drivers and challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The alcoholic drinks market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

What are the key data covered in this alcoholic drinks market report?

CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the alcoholic drinks market between 2023 and 2027Precise estimation of the size of the alcoholic drinks market size and its contribution to the market in focus on the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the alcoholic drinks market industry across APAC, Europe, North America, South America, and Middle East and AfricaA thorough analysis of the market’s competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of alcoholic drinks market vendors

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TOC

Executive SummaryMarket LandscapeMarket SizingHistoric Market SizeFive Forces AnalysisMarket Segmentation by Distribution channelMarket Segmentation by TypeCustomer LandscapeGeographic LandscapeDrivers, Challenges, and TrendsCompany LandscapeCompany AnalysisAppendix

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SOURCE Technavio