Alcoholic Beverage Market Will Continue to Grow Strongly Through 2021

Alcoholic Beverage Market Will Continue to Grow Strongly Through 2021

  • Submitted By: amyjames
  • Date Submitted: 03/14/2016 1:21 AM
  • Category: Business
  • Words: 838
  • Page: 4

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Alcoholic Beverage Market - Global USD 4315.5
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Alcoholic beverages refer to beverages containing certain amount of alcohol. Alcoholic beverages have gained popularity among
the consumers globally over the past few years. Significant rise in the global population and increasing disposable income are
some of the major factors fueling the demand for alcoholic beverages globally.
The global alcoholic beverages market is expected to grow at a moderate pace during the forecast period. The growth of this
industry has increased in the last few years due the good performance of all the sectors (beer, spirits and wine). Germany, U.K.,
France, Italy and Spain among others comprise of almost 57% of the global alcoholic beverage market.
One of the major drivers for the growth of this industry is that the consumers residing in emerging countries have significant
contribution in the rise in the demand of the alcoholic beverage market because of growing population. The concept of
consuming alcohol is also penetrating into the culture among the people residing in the emerging countries. Another driving
factor is the strengthened distribution channels adopted by the alcoholic beverage manufacturers and purchase channels
adopted by them such as online stores. In addition, increasing per capita income accompanied with increasing disposable
income is also expected to boost the demand for alcoholic beverage globally.
However, there...

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