Global alcoholic beverages market to hit $1.6tn in 2025
By Zion Rufus
The global alcoholic beverages market is expected to hit $1,684 trillion by 2025, registering a CAGR of 2.0% according to reports from market research company, Allied Market Research.
The alcoholic beverages market is segmented into beer, wine, brandy and spirits. Major players operating in this field 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.
The growth of the global alcoholic beverages market is driven by increase in global young–adult demographic, surge in disposable income, and rise in consumer demand for premium products.
However, the report added that high cost of premium products and escalation of nonalcoholic beverages market, owing to increase in health concerns are expected to restrict the market growth in the near future.
The alcoholic beverages market consists of sales of alcoholic beverages by companies that produce alcoholic beverages through the fermentation process and that produce distilled alcoholic beverages. The companies in the alcoholic beverages industry process raw materials into alcoholic beverages, package and distribute them through various distribution channels to both individual customers and commercial establishments.
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