The Report Investigates The Global Alcoholic Beverages Market In Terms Of Product Type, Packaging Type, Sales Channel, And Geography

 

Most cultures around the world have traditionally consumed a variety of alcoholic beverages; however, local specialty alcoholic beverages account for the vast majority of consumption. Only a few have evolved into commodities that are mass-produced on a commercial scale. Beer made from barley, wine made from grapes, and other distilled beverages are traded as commodities on a global scale. The costs of production and the duties levied on those costs determine the pricing of these beverages. Prices have different effects in different countries and over different time periods, as measured by price elasticities. The global alcoholic beverages market is expanding due to an increase in the global young–adult demographic, an increase in disposable income, and an increase in consumer demand for premium/super premium products. However, the high cost of premium/super premium products, as well as the escalation of the nonalcoholic beverage market due to increased health concerns, are expected to limit market growth in the near future.

 

The global Alcoholic Beverages Market is segmented by type, distribution channel, and region in the report. The market is divided into types such as beer, distilled spirits, wine, and others. Ale, lager, and hybrid are all types of beer, whereas distilled spirits include rum, whiskey, vodka, and others. Similarly, wine is classified as sparkling or fortified. The market is divided into convenience stores, on-premises, liquor stores, grocery stores, internet retailing, and supermarkets based on distribution channel. It is divided into four regions: North America, Europe, Asia-Pacific, and Latin America and the Caribbean. Distilled spirits accounted for more than one-third of the global market share in 2017. In terms of volume, this segment accounted for approximately 28% of the overall market, owing to an increase in premium/super premium whiskey consumption and a shift in demand from beer to distilled spirits such as rum, whiskey, vodka, and others.

 

Based on product type, the key segments of the global alcoholic beverages market are beer, spirits, wine, and others. The beer segment, in total, is expected to account for 42.7 percent of the overall market by the end of 2017. The global alcoholic beverages market is divided into glass bottles, plastic bottles, tins, and others based on packaging type. Modern trade, specialty stores, convenience stores, commercial, hotels/restaurants/bars, online retailers, and other retailing formats are the key market segments based on sales channel. The specialty stores segment is expected to account for 27.4 percent of the market by the end of 2017.