Global Alcohol
Market Report
2024
Alcohol market size was US$ 1467.74 billion in the year 2021 and is projected to reach 1885.44 billion by 2029, at a CAGR of 3.18%.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Global Alcohol market size was US$ 1467.74 billion in the year 2021 and is projected to reach 1885.44 billion by 2029, at a CAGR of 3.18%.
In Terms of Revenue, Liquor Stores was the Leading segment with 54.89% Share of Total Alcohol market.
In Terms of Revenue, Beer was the Leading segment with 43.98% Share of Total Alcohol market.
North America was the dominated region with 43.98% of total revenue market share.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Alcohol Market Sales Revenue 2021 | $ 1467.74 Billion |
Global Alcohol Market Sales Revenue 2029 | $ 1885.44 Billion |
Global Alcohol Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.18% |
Market Split by Type |
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Market Split by Distribution channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Alcohol industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Alcohol Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Alcohol is a kind of volatile liquid that is highly soluble in water. It is an intoxicating ingredient found in beer, wine, and spirits and is produced by the fermentation of yeast, sugars, and starches. Alcohol has been used for years in social, religious, cultural, and medical settings. Consuming alcohol slows down brain functioning activities and reduces the functioning of various other functions within the body The absorption of alcohol is decreased by fatty food and it comes under the category of addictive goods.
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November 2022
November 2022
January 2022
Top Companies Market Share in Alcohol Industry: (In no particular order of Rank)
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Geographically, the market is divided into regions including North America, Europe, Asia Pacific, Latin America, and Middle-east Countries.
North America has acquired a major market share in the alcohol market during the forecast period. Most North American people show interest in consuming alcoholic beverages. For example, between 2019 and 2022, overall growth in the number of U.S. Wineries increased by 9.07% and the number of Californian wineries grew by 5.76 %, those in the Eastern U.S.
Asia Pacific is growing at a high CAGR during the forecast period in the growth of the alcohol market. This is attributed to the highest alcohol consumption among more developed countries and territories. For example, in China, Japan, Lao PDR, Mongolia and Thailand, alcohol consumption is between 5 and 7 liters. Southeast Asia is an emerging market for the alcohol industry, as there is a continuous expansion of local alcohol brands and rising income levels of people in the region
The current report Scope analyzes Alcohol Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Alcohol Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Alcohol Industry growth. Alcohol market has been segmented with the help of its Type, Distribution channel , and others. Alcohol market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the type segment, the market is segmented into beer, distilled spirits, wine, and others. The beer segment is accounted for the highest revenue share in the global alcohol market owing to the adults mostly prefer drinking beer, as it contains less alcohol content. For example, in 2019, the beer industry contributed USD 555 billion of gross value added (GVA) to global GDP.
Wine is the second leading segment in terms of revenue share in 2021. Wine is an alcoholic drink that is made from grapes. In the last few years, the wine industry has witnessed significant consolidation wherein larger wineries business houses acquired small players to optimize taxation and overcome differential taxation policies among states.
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Based on the distribution channel, the market is segmented into convenience stores, liquor stores, internet retailing, and others. The liquor store is dominating the segment on account of the ease of alcohol availability. A liquor store is a licensed retail shop to sell pre-packaged alcoholic beverages in bottles to customers who are likely to take them home to consume.
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Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for both the agriculture and food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Beer, Distilled spirits, Wine, Others |
Distribution channel | Convenience stores, Liquor stores, Internet retailing, Others |
List of Competitors | Anheuser-Busch InBev SA/NV, Bacardi Limited, Beam Suntory Inc, Constellation Brands Inc, Diageo Plc, Molson Coors Brewing Company, Pernod Ricard SA, United Spirits Ltd, The Asahi Group Holdings Ltd, Carlsberg A/S, Others |
This chapter will help you gain GLOBAL Market Analysis of Alcohol. Further deep in this chapter, you will be able to review Global Alcohol Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Distribution channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Alcohol market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Beer have a significant impact on Alcohol market? |
What are the key factors affecting the Beer and Distilled spirits of Alcohol Market? |
What is the CAGR/Growth Rate of Convenience stores during the forecast period? |
By type, which segment accounted for largest share of the global Alcohol Market? |
Which region is expected to dominate the global Alcohol Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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