New Feature. You can post a deal now, try to post your first deal to help others save money.
OKUpdata
Hey! Thank you so much for your support and quality posts for V Show!
And congratulations on becoming our Vipon Associated Editor.
From now on, in addition to getting 10 points for each post (up to 30 points daily), we will regularly review each of your articles, and each approved article (tagged with Featured label) will be paid an additional $50.
Note: Not all articles you posted will get $50, only those that meet our requirements will be paid, and articles or contents that do not meet the requirements will be removed.
Please continue to produce high quality content for organic likes. Our shoppers love seeing your stories & posts!
Congratulations! Your V SHOW post Planting Tips has become our Featured content, we will pay $50 for this post. Please check on your balance. Please continue to produce high quality original content!
The alcoholic beverages market size was USD 2,313.2 billion in 2023. The market is projected to grow from USD 2,527.0 billion in 2024 to USD 5,716.2 billion by 2032, exhibiting a CAGR of 10.74% during 2024-2032.
Alcoholic beverages are made by fermenting sugars in fruits, grains, berries, and other ingredients such as plant saps, milk, tubers, and honey. They can be distilled to reduce the original aqueous liquid to a higher alcohol content.
Fortune Business Insights provide this information in its report titled "Alcoholic Beverages Market, 2024-2032."
Information Source: https://www.fortunebusinessinsights.com/alcoholic-beverages-market-107439
Segments:
Increasing the Number of Distilleries and Distilled Spirits to Hold the Largest Share and Drive the Market
On the basis of type, the largest share is held by the distilled spirits segment. The factor that is responsible for the market growth is the increasing number of distilleries. Social media exposure has made it convenient for consumers to get to know more about the new spirits category and to identify local distilleries.
Beer holds the second-largest share of the market. The beer industry is divided, with many international and local players challenging each other to mark their position in the market. The U.S. is the major exporter of beer globally. The adoption of western and modern culture has influenced the young generation toward alcoholic beverages, specifically beer. In South Asian nations, beer is the most consumed alcoholic beverage among young adults.
Food Service Segment Holds the Largest Share due to Increase in Socializing
Based on distribution channel, post-pandemic socializing and gathering have increased alcoholic beverage consumption, boosting alcohol consumption and sales in the food service sector. Most people and young adults can switch from beer to brown liquor such as scotch, brandy, rum, and whisky.
Report Coverage:
The report offers:
Drivers and Restraints:
Growing Number of Breweries and Wineries among Adults to Drive Market Growth
The increasing demand for alcoholic beverages has led to an increase in micro wineries and some craft, artisanal alcohol producers entering the winery industry. According to the U.S. Bureau of Labor Statistics, the number of U.S. wineries surpassed 4,000 in 2016. There were 5,024 wineries in 2020, four times more than in 2001. There were 13,478 beverage production facilities in 2020, with 38% breweries and 37% wineries making up a significant portion of the industry.
Consumers are becoming more anxious and aware of health issues due to increased health risks, so the beverage demand has decreased. This reason is anticipated to reduce the market growth.
Regional Insights:
Increasing Demand for Alcohol from Working Professionals to Boost Asia Pacific Market
Asia Pacific dominates the alcoholic beverages market share. The working professional's social life has changed drinking and eating habits drastically, a significant factor that accounts for the Asia Pacific market growth. The market's steady growth is also due to the increasing demand for premium alcohol. Rising incomes, increasing purchasing power, and rapid urbanization of middle-class consumers are pushing consumers to try super-premium alcohol, contributing to the market growth. Asia Pacific alcoholic beverage makers, such as Asahi Group and Suntory Holdings Limited, are engaged in mergers, acquisitions, expansions, and product launches to strengthen their market positions.
Competitive Landscape:
Market Players Focus on New Product Launches to Strengthen Market Position
Leading companies in the market are competing to increase their market share by providing solutions that are specific to particular sectors. These players strategically work with and take over local rivals to gain a solid regional footing. These companies prioritize developing innovative products and effective marketing strategies to capture a larger market share. The growing volume of international trade is projected to present lucrative opportunities for market players.
Key Industry Development:
List of Key Players Mentioned in the Report:
The alcoholic beverages market size was USD 2,313.2 billion in 2023. The market is projected to grow from USD 2,527.0 billion in 2024 to USD 5,716.2 billion by 2032, exhibiting a CAGR of 10.74% during 2024-2032.
Alcoholic beverages are made by fermenting sugars in fruits, grains, berries, and other ingredients such as plant saps, milk, tubers, and honey. They can be distilled to reduce the original aqueous liquid to a higher alcohol content.
Fortune Business Insights provide this information in its report titled "Alcoholic Beverages Market, 2024-2032."
Information Source: https://www.fortunebusinessinsights.com/alcoholic-beverages-market-107439
Segments:
Increasing the Number of Distilleries and Distilled Spirits to Hold the Largest Share and Drive the Market
On the basis of type, the largest share is held by the distilled spirits segment. The factor that is responsible for the market growth is the increasing number of distilleries. Social media exposure has made it convenient for consumers to get to know more about the new spirits category and to identify local distilleries.
Beer holds the second-largest share of the market. The beer industry is divided, with many international and local players challenging each other to mark their position in the market. The U.S. is the major exporter of beer globally. The adoption of western and modern culture has influenced the young generation toward alcoholic beverages, specifically beer. In South Asian nations, beer is the most consumed alcoholic beverage among young adults.
Food Service Segment Holds the Largest Share due to Increase in Socializing
Based on distribution channel, post-pandemic socializing and gathering have increased alcoholic beverage consumption, boosting alcohol consumption and sales in the food service sector. Most people and young adults can switch from beer to brown liquor such as scotch, brandy, rum, and whisky.
Report Coverage:
The report offers:
Drivers and Restraints:
Growing Number of Breweries and Wineries among Adults to Drive Market Growth
The increasing demand for alcoholic beverages has led to an increase in micro wineries and some craft, artisanal alcohol producers entering the winery industry. According to the U.S. Bureau of Labor Statistics, the number of U.S. wineries surpassed 4,000 in 2016. There were 5,024 wineries in 2020, four times more than in 2001. There were 13,478 beverage production facilities in 2020, with 38% breweries and 37% wineries making up a significant portion of the industry.
Consumers are becoming more anxious and aware of health issues due to increased health risks, so the beverage demand has decreased. This reason is anticipated to reduce the market growth.
Regional Insights:
Increasing Demand for Alcohol from Working Professionals to Boost Asia Pacific Market
Asia Pacific dominates the alcoholic beverages market share. The working professional's social life has changed drinking and eating habits drastically, a significant factor that accounts for the Asia Pacific market growth. The market's steady growth is also due to the increasing demand for premium alcohol. Rising incomes, increasing purchasing power, and rapid urbanization of middle-class consumers are pushing consumers to try super-premium alcohol, contributing to the market growth. Asia Pacific alcoholic beverage makers, such as Asahi Group and Suntory Holdings Limited, are engaged in mergers, acquisitions, expansions, and product launches to strengthen their market positions.
Competitive Landscape:
Market Players Focus on New Product Launches to Strengthen Market Position
Leading companies in the market are competing to increase their market share by providing solutions that are specific to particular sectors. These players strategically work with and take over local rivals to gain a solid regional footing. These companies prioritize developing innovative products and effective marketing strategies to capture a larger market share. The growing volume of international trade is projected to present lucrative opportunities for market players.
Key Industry Development:
List of Key Players Mentioned in the Report:
Are you sure you want to stop following?
Congrats! You are now a member!
Start requesting vouchers for promo codes by clicking the Request Deal buttons on products you want.
Start requesting vouchers for promo codes by clicking the Request Deal buttons on products you want.
Sellers of Amazon products are required to sign in at www.amztracker.com
More information about placing your products on this site can be found here.
Are you having problems purchasing a product with the supplied voucher? If so, please contact the seller via the supplied email.
Also, please be patient. Sellers are pretty busy people and it can take awhile to respond to your emails.
After 2 days of receiving a voucher you can report the seller to us (using the same button) if you cannot resolve this issue with the seller.
For more information click here.
We have taken note and will also convey the problems to the seller on your behalf.
Usually the seller will rectify it soon, we suggest now you can remove this request from your dashboard and choose another deal.
If you love this deal most, we suggest you can try to request this deal after 2 days.
This will mark the product as purchased. The voucher will be permanently removed from your dashboard shortly after. Are you sure?
You are essentially competing with a whole lot of other buyers when requesting to purchase a product. The seller only has a limited amount of vouchers to give out too.
Select All Groups
✕
Adult Products
Arts, Crafts & Sewing
Automotive & Industrial
Beauty & Grooming
Cell Phones & Accessories
Electronics & Office
Health & Household
Home & Garden
Jewelry
Kitchen & Dining
Men's Clothing & Shoes
Pet Supplies
Sports & Outdoors
Toys, Kids & Baby
Watches
Women's Clothing & Shoes
Other
Adult Products
©Copyright 2024 Vipon All Right Reserved · Privacy Policy · Terms of Service · Do Not Sell My Personal Information
Comments