Alcoholic Beverage Market Will Witness Significant Market Activity & Rapid Growth Through 2021

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Alcoholic Beverage Market - Global USD 4315.5

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REPORT DESCRIPTION

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...