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The world’s population are expected to drive innovation in alcoholic – beverages manufacturing, thus driving the market during the forecast period.

The global alcoholic – beverages market is expected to grow from $530.85 billion in 2022 to $569.58 billion in 2023 at a compound annual growth rate (CAGR) of 7.3The alcoholic – beverages market is expected to grow to $731.84 billion in 2027 at a CAGR of 6.5%.

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Global Alcoholic – Beverages Market Segments Include:

• By Type: Beer, Wine And Brandy, Spirits
• By Distribution Channel: Off-Trade Channels, On-Trade Channels
• By Category: Mass, Premium
• Subsegments Covered: Ales, Lagers, Stouts & Porters, Malts, Wine, Brandy, Whiskey, Vodka, Rum, Tequila, Gin, Other Spirits
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global alcoholic – beverages market in 2021.

Major Market Players in the alcoholic – beverages market include Anheuser-Busch InBev sa/nv, Heineken N.V., Diageo plc, Asahi Group Holdings Ltd., The Molson Coors Brewing Company, kirin holdings co Ltd.

Alcoholic beverage manufacturers are now offering ready-to-mix hybrid beverages to cater to changing consumer tastes and preferences. Hybrid beverages are a blend of alcoholic drinks from multiple beverage categories. They are prepared by using unique flavour combinations, ingredients, and production methods from multiple drinks. For example, producing spirits or beers in a wine barrel to give them a distinct taste. Hybrid beverages are particularly evident in the spirit category, with products such as beer mixed with rum and tea mixed with vodka. Some of the popular hybrid beverages on the market include Malibu Red (rum and tequila), Kahlua Midnight (rum and Kahlua), and Absolut Tune (vodka and sparkling wine).

The Alcoholic – Beverages Global Market Report 2023 provides a alcoholic – beverages market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The alcoholic – beverages market forecast analyzes alcoholic – beverages market size, alcoholic – beverages market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

An alcoholic beverage is a potable liquid that contains ethanol which is prepared by fermenting fruits, grains, and others.

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