Chemical Research

  The global alcoholic beverages market is estimated to be valued at US$ 1,769.41 billion in 2023 and is expected to exhibit a CAGR of 2.5% over the forecast period 2023-2030. Alcoholic beverages contain ethyl alcohol and are consumed for pleasure or socializing. Common types of alcoholic beverages include beer, wine, and spirits. Beer is one of the most popular and widely consumed alcoholic beverages globally. The alcohol by volume content in beer ranges between 3%-9%. Wine is produced by fermenting grapes or other fruits and is classified as still, sparkling, fortified or dessert wines based on alcohol content and production method. Spirits contain a high concentration of ethyl alcohol and are produced by distilling fermented substances like grains, fruits or vegetables. Key Takeaways Key players operating in the alcoholic beverages market are Anheuser-Busch Inbev (BUD) (Belgium), Asahi Group (Japan), Bacardi (Bermuda), Brown Forman (U.S.), Carlsberg (Denmark), Constellation Bran...

  Alcoholic beverages play an important social role. Products in this market such as beer, wine, and spirits are consumed during celebrations, social gatherings, and as a recreational activity. The global alcoholic beverages industry offers a variety of options to choose from and caters to the differing tastes of consumers. The global Alcoholic Beverages Market is estimated to be valued at US$ 1,769.41 Bn in 2023 and is expected to exhibit a CAGR of 2.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Expanding middle-class population with higher disposable income in developing countries is one of the key factors driving the growth of the global Alcoholic Beverages Market. This segment can afford to spend more on premium and super-premium brands. According to the World Bank, the global middle class population is expected to reach 5.3 billion people by 2030 from 1.8 billion people in 2009. Rising income ...