The Business Research Company’s latest report Alcoholic – Beverages Global Market Report 2020 covers Alcoholic – Beverages market drivers, Alcoholic – Beverages market trends, Alcoholic – Beverages market segments, Alcoholic – Beverages market growth rate, Alcoholic – Beverages market major players, and Alcoholic – Beverages market size. The report provides in-depth analysis of the impact of COVID-19 on the Alcoholic – Beverages industry, along with revised market numbers due to the effects of the coronavirus.
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Alcoholic – Beverages Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global alcoholic – beverages market is expected to grow from $515.2 billion in 2019 to $528.5 billion in 2020 at a compound annual growth rate (CAGR) of 2.6%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $647.7 billion in 2023.
The global alcoholic beverages market is segmented by type into beer manufacturing (breweries), wine and brandy manufacturing (wineries), spirits manufacturing (distilleries), by distribution channel into off-trade channels, on-trade channels, by category into mass, premium. Subsegments covered are ales, lagers, stouts & porters, malts, wine, brandy, whiskey, vodka, rum, tequila, gin, others – spirits (distilleries).
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