The demand for premium whiskey is expected to overtake 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 World Premium Alcoholic Beverage Market is expected to grow at a CAGR of 9.3% and top off a valuation of $0.7 TN in 2022 at $1.7 TN by 2032. Rising consumption of premium alcoholic beverages owing to their optimum quality and introduction of new premium alcoholic beverage brands across the globe are some of the factors driving the growth of the market.
Over the years, the demand for premium alcoholic beverages has been increasing at a steady rate and this trend is expected to continue during the forecast period, due to increasing disposable income, growing awareness of benefits of wine consumption and the rapid increase in the number of wine drinkers. worldwide.
Likewise, increasing demand for various types of premium alcoholic beverages such as beer, rum, and wine among millennials will create a plethora of opportunities for premium alcoholic beverage manufacturers over the course of the forecast period.
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Additionally, the easy availability of premium alcoholic beverages through online shopping platforms will positively impact the sales of premium alcoholic beverages during the assessment period.
Key insights from market research
- The market size of premium alcoholic beverages has reached US$11.4 billion in 2022.
- By alcohol type, whiskey is likely to be the highest earning segment of global premium alcoholic beverages during the forecast period.
- Based on sales channel, B2C will witness the highest premium alcoholic beverage sales through 2032.]
- The United States will remain the most dominant premium alcoholic beverage market during the forecast period.
- The demand for premium alcoholic beverages is expected to increase at a steady pace in Japan over the evaluation period.
“The growing consumer preference for premium nutritional beverages will create lucrative growth opportunities for premium alcoholic beverage manufacturers over the next few years,” says an analyst from Future Market Insights.
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The leading premium alcoholic beverages constantly focus on adopting various strategies such as new product launches, advertisements, price reduction, partnerships to gain a competitive advantage in the global market.
- Bacardi Limited
- Diageo Plc
- Pernod Ricard SA
- Campari Group
- The Brown Forman Company
- The Edrington Group
- Heineken SA
- Anheuser-Busch Companies, LLC
Explore more valuable insights
Future Market Insights, in its new report, offers an unbiased analysis of the global premium alcoholic beverages market, presenting historical data (2017-2021) and estimation statistics for the forecast period 2022-2032.
The study offers compelling information based on product type (concentrates, hydrolyzed, isolates and others), form (powder, liquid, paste/spread and others) and application (food and beverages, nutraceuticals and dietary supplements , pharmaceuticals, cosmetics and personal care, infant formula, pet care industry and others), in seven major regions of the world.
Premium Alcoholic Beverages Market by Category
By type of alcohol:
By sales channel:
- Household segment
- Hospitality industry
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
Application Methodology @ https://www.futuremarketinsights.com/request-report-methodology/rep-gb-15281
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market context
3.1. Market dynamics
3.2. Scenario forecast
3.3. Product launches and 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 (US$M) and Volume (MT) Value Analysis, 2017-2021
4.2. Current and Future Value Projections of Market Size (USD Million) and Volume (MT), 2022-2032
5. Global Premium Alcoholic Beverages Market Analysis 2017-2021 and Forecast 2022-2032, By Alcohol Type
5.1. Introduction / Main results
5.2. Historical Market Size (US$M) and Volume (MT) Value Analysis by Alcohol Type, 2017-2021
About Future Market Insights Food and Beverage Division
The food and drinks The Future Market Insights team provides all the information and advisory analysis needed to meet the unique business intelligence needs of clients around the world. With a catalog of over 500 reports relating to the latest food and beverage industry statistics and analysis, the team is happy to meet any business intelligence research and consulting requirements.
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