Global Alcoholic and Non-Alcoholic Market Sluggish Growth Rate Foreseen by 2022-2028

The global alcoholic and non-alcoholic market  is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The growing consumer demand for healthy  and active beverages is driving the growth of the global alcoholic and non-alcoholic market. In addition, compelling new products with different fragrances and new corporate packaging are expected to further contribute to the market growth. In addition, the increase in income spent in developing countries has increased the acceptance of non-alcoholic beverages. However, rising awareness of obesity due to high-calorie sugary drinks disrupts market growth. Apart from this, the introduction of a tax on non-alcoholic drinks has hampered market growth.

The market power of large food and beverages with zero sugar is expected to be seen in the non-alcoholic beverage market during the forecast period. In addition, the introduction of freshly introduced beverages such as super-premium juices, premium hydration, probiotics, and craft soda to meet consumer demand for low-calorie, organic, high-quality, functional, and delicious beverages is expected to be in place. In addition, the growth of the global beverage market is driven by an increase in the number of young people and adults worldwide.   ,

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Distribution Channel
  • By Price Point
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape-Asahi Group, Diageo Plc., Kirin Holding Co., Bacardi Corp., and Kraft Foods Group Inc., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Alcoholic and Non-AlcoholicMarket Report by Segment

By Type

• Alcoholic

Beer

Wine

Distilled Spirits

Others

• Non-alcoholic

Soft Drinks

Bottled Water

Tea & Coffee

Juice

dairy Drinks

Others

By Distribution Channel

• Supermarkets
• Convenience Stores
• Liquor Store
• Online Retails
• Others

By Price Point

• Standard
• Premium
• Luxury