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 t