Market Definition
Alcohol is made from the fermentation of grains, fruits, or other plants. Alcohol is a central nervous system depressant, which means it slows down the body’s functions. It can cause slurred speech, unsteady walking, and vomiting. Drinking too much alcohol can lead to blackouts, coma, and death.
Market Dynamics
The global alcoholic drinks market size was valued at USD 2.8 billion in 2022 and is expected to reach 16.8 billion by 2032 at a CAGR of 19.3% from 2023 to 2032.
Key Trends
The key trends in alcohol technology are as follows:
- The use of enzymes to improve the efficiency of alcohol production.
- The use of fermentation inhibitors to prevent spoilage and improve alcohol yield.
- The use of new strains of yeast that are more resistant to alcohol production.
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Key Drivers
There are a number of key drivers that have contributed to the growth of the alcohol market.
Firstly, the rise in disposable incomes and the increased availability of credit have meant that more people are able to afford to purchase alcohol.
Secondly, the growth of the hospitality industry has led to more people consuming alcohol in bars and restaurants.
Finally, the increased availability of alcohol online and in supermarkets has made it more convenient for consumers to purchase alcohol.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segments
The alcohol market is segmented by type, distribution channel, and region. By type, the market is classified into beer, distilled spirits, wine, and others. Based on distribution channel, it is bifurcated into convenience stores, on-premises, liquor stores, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global alcohol market includes players such as United Spirits Limited, Carlsberg A/S, Jagatjit Industries, Mohan Meakin, Globus Spirits, Allied Blenders and Distillers Pvt., SAB Miller, Radico Khaitan Limited, Khemani Group, SOM Distilleries and Breweries, and others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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