Premium Alcoholic Beverages Market Opportunity to Witness US$ 1.7 Tn during 2022 - 2032 | Future Market Insights, Inc.
Demand for premium whiskey is expected to outpace other premium alcoholic beverages during the forecast period. The original Japanese beer brand (Sapporo) is still a market leader today
NEWARK, Del., July 25, 2022 /PRNewswire/ -- The global premium alcoholic Beverages market is set to grow at a CAGR of 9.3% and top a valuation of US$ 0.7 Tn in 2022 to US$ 1.7 Tn by 2032. Rising consumption of premium alcoholic beverage due to their optimal quality and introduction of novel premium alcoholic beverages brands worldwide are some of the factors providing impetus to the growth of the market.
Over the years, demand for premium alcoholic beverages has risen at a healthy pace and this trend is likely to continue during the forecast period, owing to the rising disposable income, growing awareness regarding the benefits of wine consumption, rapid surge in number of wine drinkers across the world.
Similarly, increasing demand for various types of premium alcoholic beverages such as beer, rum, and wine among millennials will create plethora of opportunities for the premium alcoholic beverages manufacturers during the forecast period.
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In addition to this, easy availability of premium alcoholic beverages through online shopping platforms will positively impact premium alcoholic beverages sales over the assessment period.
Key Takeaways from Market Study
- The premium alcoholic beverages market size reached US$ 11.4 Bn in 2022.
- By alcohol type, whiskey is likely to be the most remunerative segment in the global premium alcoholic beverages during the forecast period.
- Based on sales channel, B2C to witness highest premium alcoholic beverages sales through 2032.]
- The U.S. will continue to remain the most dominant premium alcoholic beverages market during the forecast period.
- Demand for premium alcoholic beverages to rise at a robust pace in Japan over the assessment period.
"Growing consumer preference for nutritional beverages with optimum quality will create lucrative growth opportunities for the premium alcoholic beverages manufacturers during the forthcoming years," says a Future Market Insights analyst.
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Competitive Landscape
Key premium alcoholic beverages are constantly focusing adopting various strategies such as new product launches, advertisements, price reduction, partnerships to gain a competitive edge in the global market.
Key Players
- Bacardi Limited
- Diageo Plc
- Pernod Ricard SA
- Gruppo Campari
- The Brown-Forman Corporation
- The Edrington Group
- Heineken N.V.
- Anheuser-Busch Companies, LLC
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global premium alcoholic beverages market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on product type (concentrates, hydrolyzed, isolates, and others), form (powder, liquid, paste/spreadable, and others), and application (food & beverages, nutraceuticals & dietary supplements, pharmaceutical, cosmetics & personal care, infant formula, pet care industry, and others), across seven major regions of the world.
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Premium Alcoholic Beverages Market by Category
By Alcohol Type:
- Beer
- Wine
- Whiskey
- Gin
- Vodka
- Rum
- Others
By Packaging:
- Bottles
- Can
- Jars
- Tins
- Others
By Sales Channel:
- B2B/Direct
- B2C/Indirect
By Application:
- Household Segment
- Hospitality Industry
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Product launches & Recent Developments
3.4. Product Life Cycle Analysis
3.5. Value Chain Analysis
4. Global Premium Alcoholic Beverages Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (MT) Projections, 2022-2032
5. Global Premium Alcoholic Beverages Market Analysis 2017-2021 and Forecast 2022-2032, By Alcohol Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis By Alcohol Type, 2017-2021
About Food & Beverage Division at Future Market Insights
The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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