Alcoholic Beverages – Global Market Outlook (2015-2022)

Source: PRNewswire

March 10, 2016

According to Stratistics MRC, the Global Alcoholic Beverages Market is accounted at $1,237.4 billion and is expected to reach $1,547.2 billion by 2022 growing at a CAGR of 3.2% from 2015 to 2022. Increasing population and increasing disposal income are the factors that are favoring the market growth. The increasing demand for alcoholic beverages in developing countries is a key driving factor for alcoholic beverages market.

The high competitive rivalry among major players, increasing raw material prices, government regulations and availability of substitutes are the factors hampering the market growth.

Among all the products, beer generates the maximum revenue followed by spirit and wine. These two (spirit and wine) industries are witnessing steady growth over the last few years. The alcoholic beverages market is dominated by large players namely Anheuser Busch-inBev, Miller Coors, Olvi PLC, Heineken Holding PLC etc. The global alcoholic beverages market is dominated by North America and Europe. Asia Pacific region is expected to witness high growth rate due to top players in the market focusing on emerging countries such as China and India.