The global Alcoholic drinks market size reached USD 2,136.23 Billion in 2022 and is expected to register a revenue CAGR of 9.6% during the forecast period, according to latest analysis by Emergen Research. With the increasing focus on experiential consumption, mixologists and beverage companies are broadening their creative boundaries to curate unique and immersive cocktail experiences. This entails incorporating inventive ingredients, combining a range of flavor characteristics, and embracing distinctive presentation techniques, resulting in a complete transformation of traditional cocktail culture.

The ongoing trend to customize drinks is prominently observed in the realm of cocktails, where mixologists and beverage companies are enthusiastically adopting the notion of "personalized cocktails." An illustrative example of this is the rise of do-it-yourself cocktail kits. These kits provide aficionados with precisely measured ingredients, recipes, and even specialized tools to create their desired cocktails at their leisure.

Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

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Key companies operating in the Alcoholic Drinks market include:

Bacardi, Pernod Ricard, Heineken N.V., Anheuser-Busch Companies, LLC., Carlsberg Group, BrownâForman, Diageo, Halewood Sales, Asahi Group Holdings, Ltd., Rémy Cointreau, Molson Coors Beverage Company, Beam Suntory, Inc., William Grant Sons, Tsingtao Brewery Co., Ltd., Constellation Brands, Inc., E. J. Gallo Winery, The Boston Beer Company, Kendall-Jackson, Patrón, and Edrington among others

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Alcoholic Drinks market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

• Comprehensive analysis of the competitive scenario and its changing dynamics
• Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
• In-depth 8-year analysis of the Global Alcoholic Drinks Market
• Critical understanding of the key market segments
• Comprehensive analysis of the drivers, restraints, trends, and opportunities
• Detailed regional analysis and extensive company profiling
• Extensive assessment of current and emerging trends of the market

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Alcoholic Drinks Market Segmentation:

• Type Outlook (Revenue, USD Billion; 2019-2032)

  • Undistilled Spirits
    1. Beer
    2. Hard Cider
    3. Mead
    4. Wine
    5. Saké
    6. Others
  • Distilled Spirits
    1. Brandy
    2. Whiskey
    3. Tequila
    4. Vodka
    5. Gin
    6. Absinthe
    7. Everclear
    8. Others

• Price Range Outlook (Revenue, USD Billion; 2019-2032)

  • Premium
  • Mainstream
  • Economy

• Alcohol Content Outlook (Revenue, USD Billion; 2019-2032)

  • Low
  • Medium
  • High

Alcoholic Drinks Market Segmentation by Regions:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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