{"id":571262,"date":"2021-10-27T08:44:01","date_gmt":"2021-10-27T08:44:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=571262"},"modified":"2021-10-27T08:44:01","modified_gmt":"2021-10-27T08:44:01","slug":"alcoholic-beverages-market-size-worth-279705-billion-by-2028-cagr-91-exclusive-study-by-polaris-market-research","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/alcoholic-beverages-market-size-worth-279705-billion-by-2028-cagr-91-exclusive-study-by-polaris-market-research_571262.html","title":{"rendered":"Alcoholic Beverages Market Size Worth $2,797.05 Billion By 2028 | CAGR: 9.1%: Exclusive Study by Polaris Market Research"},"content":{"rendered":"<div style=\"float:right; width:250px; padding:8px 10px 10px 10px;\">\n<div><a href=\"https:\/\/www.abnewswire.com\/uploads\/1635254539.png\" style=\"border:none !important;\" target=\"_blank\" rel=\"nofollow\" ><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-29\" title=\"Alcoholic Beverages Market Size Worth $2,797.05 Billion By 2028 | CAGR: 9.1%: Exclusive Study by Polaris Market Research\" src=\"https:\/\/www.abnewswire.com\/uploads\/1635254539.png\" alt=\"Alcoholic Beverages Market Size Worth $2,797.05 Billion By 2028 | CAGR: 9.1%: Exclusive Study by Polaris Market Research\" width=\"225\" height=\"225\" style=\"padding:0px 0px 10px 10px; border:0 solid !important;\" \/><\/a><\/div>\n<div class=\"quotes\">\n<div> Polaris Market Research<\/div>\n<\/div>\n<\/div>\n<div style=\"font-style:italic; padding:8px 0px;\">The new published report by Polaris Market Research. The global alcoholic beverages market was valued at USD 1,475.15 billion in 2020 and is expected to reach USD 2,797.05 billion by 2028 to grow at a CAGR of 9.1% during the forecast period<\/div>\n<p style=\"text-align: justify;\">The global&nbsp;<strong><a rel=\"nofollow\" href=\"https:\/\/www.polarismarketresearch.com\/industry-analysis\/alcoholic-beverages-market\">alcoholic beverages market<\/a>&nbsp;<\/strong>size is expected to reach USD 2,797.05 billion by 2028 according to a new study by Polaris Market Research. A rising young&ndash;adult demographic, increasing disposable income, growing consumer preference for premium products have emerged as the major growth driver for the global market. In addition to this, the availability of wide distribution channels such as online sales, outlets in airports, and a substantially growing tourism sector are giving a strong boost for the overall market growth. Moreover, ease in lockdown measures in COVID-19 affected countries are reopening positive avenues for the retailers, thereby is expected to propel the market growth in the near future.<\/p>\n<p style=\"text-align: justify;\">&nbsp;<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_auto,q_lossy,ret_img,w_857,h_447\/https:\/\/www.polarismarketresearch.com\/wp-content\/uploads\/2021\/08\/Alcoholic-Beverages-Market.png\" alt=\"Alcoholic Beverages Market Estimates till 2028\" width=\"529\" height=\"276\" \/><\/p>\n<p style=\"text-align: justify;\"><strong>Request A Sample Report At:&nbsp;<a rel=\"nofollow\" href=\"https:\/\/www.polarismarketresearch.com\/industry-analysis\/alcoholic-beverages-market\/request-for-sample\">https:\/\/www.polarismarketresearch.com\/industry-analysis\/alcoholic-beverages-market\/request-for-sample<\/a><\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Key Highlights of Alcoholic Beverages Market<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li><strong>In terms of type<\/strong>,&nbsp;<strong>the spirits segment<\/strong>&nbsp;accounted for a significant share in the alcoholic beverages market.&nbsp;<strong>A substantial rise in alcohol consumption in the form of spirits<\/strong>&nbsp;is experienced in recent times.&nbsp;<strong>Growing demand for premium whiskey<\/strong>&nbsp;is anticipated to drive growth for this segment in the coming years.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<ul style=\"text-align: justify;\">\n<li><strong>Based on application<\/strong>,&nbsp;<strong>the supermarket\/hypermarkets segment<\/strong>&nbsp;dominated the global market and is expected to&nbsp;<strong>witness increased stability in terms of demand<\/strong>&nbsp;and a surge in return on investment.&nbsp;<strong>Rapid urbanization<\/strong>&nbsp;and an&nbsp;<strong>increase in the number of supermarkets in major economies<\/strong>&nbsp;are supporting the segment&rsquo;s growth.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<ul style=\"text-align: justify;\">\n<li><strong>Leading suppliers<\/strong>&nbsp;are&nbsp;<strong>bringing new varieties in spirits and beer to attract existing consumers<\/strong>&nbsp;as well as attract new consumers. After relaxation in lockdown, the industry is anticipated to experience lucrative opportunities globally.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>Regional Analysis for Alcoholic Beverages Market :<\/strong><\/p>\n<p style=\"text-align: justify;\">Alcoholic beverage consumption in North America is predicted to rise, owing to the increasing young&ndash;adult population and increased consumption of high-quality alcoholic beverages in the region. On the other side, rising markets such as China and India are projected to witness exponential growth in demand for alcoholic drinks. The growing trend of alcohol consumption in the young adult population and rise in inclination towards the western culture is predicted to positively influence the regional market in the Asia Pacific.<\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>Competitive Insight<\/strong><\/p>\n<p style=\"text-align: justify;\">The industry is fragmented with the presence of numerous players operating in the industry. Industry players are forming alliances through new product launches, mergers &amp; acquisitions, expansion, and strategic collaboration. For instance, in 2020, Constellation Brands company had acquired Digitally-Native Wine Brand, Empathy Wines. Hence, this acquisition will affect the growth of the industry.&nbsp;<strong>Remy Cointreau, The Wine Group, Asahi Group Holding Ltd, Treasury Wine Estates, Thai Beverage Public Co., Tsingtao Brewery Co Ltd., Anheuser-Busch, Brown-Forman, Carlsberg Breweries A\/S, China Resources Beer (Holdings) Company Limited, Diageo, Pernod Ricard, Remy Cointreau, SABMiller, Bacardi, Accolade Wines<\/strong><\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>Request for Discount Pricing with Your Specific Research Needs At :&nbsp;<a rel=\"nofollow\" href=\"https:\/\/www.polarismarketresearch.com\/industry-analysis\/alcoholic-beverages-market\/request-for-discount-pricing\">https:\/\/www.polarismarketresearch.com\/industry-analysis\/alcoholic-beverages-market\/request-for-discount-pricing<\/a><\/strong><\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>Polaris Market Research has segmented the alcoholic beverages market report on the basis of type, distribution channel, and region:<\/strong><\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>&nbsp;Alcoholic Beverages, Type Outlook (Revenue &ndash; USD Million, 2016 &ndash; 2028)<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Beer<\/li>\n<li>Wine<\/li>\n<li>Spirit<\/li>\n<li>Other<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>Alcoholic Beverages, Distribution Channel Outlook (Revenue &ndash; USD Million, 2016 &ndash; 2028)<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Super\/Hypermarkets<\/li>\n<li>On-trade<\/li>\n<li>Specialist Retailers<\/li>\n<li>Convenience Stores<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>Alcoholic Beverages, Regional Outlook (Revenue &ndash; USD Million, 2016 &ndash; 2028)<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>North America<\/li>\n<ul>\n<li>U.S.<\/li>\n<li>Canada<\/li>\n<\/ul>\n<li>Europe<\/li>\n<ul>\n<li>Germany<\/li>\n<li>UK<\/li>\n<li>France<\/li>\n<li>Italy<\/li>\n<li>Spain<\/li>\n<li>Netherlands<\/li>\n<li>Austria<\/li>\n<\/ul>\n<li>Asia Pacific<\/li>\n<ul>\n<li>China<\/li>\n<li>India<\/li>\n<li>Indonesia<\/li>\n<li>Japan<\/li>\n<li>Australia<\/li>\n<li>South Korea<\/li>\n<\/ul>\n<li>Latin America<\/li>\n<ul>\n<li>Argentina<\/li>\n<li>Brazil<\/li>\n<li>Mexico<\/li>\n<\/ul>\n<li>Middle East &amp; Africa<\/li>\n<ul>\n<li>Israel<\/li>\n<li>Saudi Arabia<\/li>\n<li>South Africa<\/li>\n<li>UAE<\/li>\n<\/ul>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>Have Any Query Or Specific Requirement? Feel Free To Ask Our Industry Experts At :&nbsp;<a rel=\"nofollow\" href=\"https:\/\/www.polarismarketresearch.com\/industry-analysis\/alcoholic-beverages-market\/speak-to-analyst\">https:\/\/www.polarismarketresearch.com\/industry-analysis\/alcoholic-beverages-market\/speak-to-analyst<\/a><\/strong><\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>OR<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>&nbsp;<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Other Studies Relevant to this industry:&nbsp;<a rel=\"nofollow\" href=\"https:\/\/www.polarismarketresearch.com\/industry\/Food-and-Beverages\">https:\/\/www.polarismarketresearch.com\/industry\/Food-and-Beverages<\/a><\/strong><\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>About Polaris Market Research<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>&nbsp;<\/strong><\/p>\n<p style=\"text-align: justify;\">Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers<\/p>\n<p><span style='font-size:18px !important;'>Media Contact<\/span><br \/><strong>Company Name:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/companyname\/polarismarketresearch.com_38547.html\" rel=\"nofollow\">Polaris Market Research and Consulting<\/a><br \/><strong>Contact Person:<\/strong> Likhil<br \/><strong>Email:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/email_contact_us.php?pr=alcoholic-beverages-market-size-worth-279705-billion-by-2028-cagr-91-exclusive-study-by-polaris-market-research\" rel=\"nofollow\">Send Email<\/a><br \/><strong>Phone:<\/strong> +1-917-985-9017<br \/><strong>Address:<\/strong>30 Wall Street 8th Floor, New York City, NY 10005, United States  <br \/><strong>City:<\/strong> New York City<br \/><strong>State:<\/strong> US<br \/><strong>Country:<\/strong> United Kingdom<br \/><strong>Website:<\/strong> <a href=\"https:\/\/www.polarismarketresearch.com\/industry-analysis\/alcoholic-beverages-market\" target=\"_blank\" rel=\"nofollow\">https:\/\/www.polarismarketresearch.com\/industry-analysis\/alcoholic-beverages-market<\/a><\/p>\n<p><object type=\"text\/html\" data=\"https:\/\/www.polarismarketresearch.com\/industry-analysis\/alcoholic-beverages-market\" style=\"width:900px; height:400px;\"><\/object><img decoding=\"async\" src=\"https:\/\/www.abnewswire.com\/press_stat.php?pr=alcoholic-beverages-market-size-worth-279705-billion-by-2028-cagr-91-exclusive-study-by-polaris-market-research\" alt=\"\" width=\"1px\" height=\"1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polaris Market Research The new published report by Polaris Market Research. The global alcoholic beverages market was valued at USD 1,475.15 billion in 2020 and is expected to reach USD 2,797.05 billion by 2028 to grow at a CAGR of &hellip; <a href=\"https:\/\/www.abnewswire.com\/pressreleases\/alcoholic-beverages-market-size-worth-279705-billion-by-2028-cagr-91-exclusive-study-by-polaris-market-research_571262.html\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401,402,410,422,404],"tags":[],"class_list":["post-571262","post","type-post","status-publish","format-standard","hentry","category-Business","category-Food-Beverage","category-Manufacturing-Industry","category-Retail","category-US"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/571262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=571262"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/571262\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=571262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=571262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=571262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}