From GlobeNewswire: 2024-04-02 05:00:00

The Global Alcoholic Beverages Market is projected to grow from USD 1639.9 billion in 2023 to USD 2249.3 billion by 2033, with a CAGR of 3.21%. Alcoholic beverages are made by fermenting liquids with yeast from various sources. Demand is rising, especially in developing nations, leading to an increase in premium drinks. Non-alcoholic and energy drinks pose a threat to the industry. The beer segment is expected to dominate the market, with high alcohol content and liquor stores growing rapidly. Europe leads in consumption, while North America is expected to grow the fastest, driven by demand for premium beverage brands. Key players in the market include Bacardi, Heineken, Diageo, and Anheuser-Busch InBev. In recent developments, Bacardi acquired ILEGAL Mezcal, and market segments include type, alcohol content, and distribution channels. The global Alcoholic Beverages Market is segmented by region, with Europe holding the largest share and North America expected to grow rapidly. Competitive analysis includes major vendors like Tsingtao Brewery, Carlsberg, and MillerCoors. Information on market segments, such as type, alcohol content, and distribution channels, is also provided. The market is expected to grow, driven by demand for premium drinks and convenience in purchasing. Inquire for discounts and more information on related reports on the Global Alcoholic Beverages Market.



Read more at GlobeNewswire: Global Alcoholic Beverages Market Size To Worth USD 2249.3