Alcoholic Beverages Market Share, Size, & Trends Forecast
The Alcoholic Beverages Market is projected to reach USD 1,759 billion by 2027, growing at a CAGR of 2.2% over the forecast period (2020-2027). The factors driving growth of the Alcoholic Beverages Market includes rising demand for wine and dark spirits, expansion of pubs, bars, and restaurants around the world, increasing acceptance for striking flavors of beers, buys lifestyles, growing consumers preference for premium alcoholic drinks and improvements in the living standards. For instance, the revenue generated from the sales of wine products worldwide is expected to reach USD 311 billion by the end of 2022, growing at a CAGR of 11.80% over the forecast period (2022-2025), which is expected to accelerate the Global Alcoholic Beverages Market in the approaching years. Moreover, increasing availability of alcoholic beverages over e-commerce platforms, Government initiatives promoting the consumption of alcoholic drinks, growing adoption of advanced technologies by manufactures,...