GLOBAL ALCOHOL INDUSTRY:

Alcohol is manufactured both legally and informally all over the world, using a wide range of agricultural inputs. The global market for alcoholic beverages is growing at a rate of 2.0 percent each year. Most civilizations have consumed various forms of alcoholic beverages in the past; nevertheless, local specialty alcoholic beverages account for the majority of consumption. Only a few have progressed to the point where they are mass-produced as commodities. Beer made from barley, wine made from grapes, and other distilled beverages are sold as commodities on a global scale. The cost of production and the tariffs charged on those charges affect the price of these beverages. Prices have distinct effects in different nations and across different time periods, as assessed by price elasticities.

The increase in the worldwide young adult demographic, surge in disposable income, and rise in consumer demand for premium/super premium items are driving the global alcoholic beverages market forward. However, the high cost of premium/super premium products, as well as the rise of the nonalcoholic beverage market as a result of rising health concerns, are projected to limit market growth in the near future. Furthermore, recent innovations in honey-derived products promise to be a potential option for creating innovative alcoholic drinks for consumers and driving the market’s future growth. 

CRAFT DRINKS:

Craft drinks are flavor-infused, carbonated beverages that are extensively enjoyed. These beverages might be alcoholic or non-alcoholic. These drinks are made in tiny batches and are owned privately, but in certain circumstances, the companies that produce them grow and become so popular that they are considered larger brands. Craft beers, sodas, wines, and soft drinks are examples of craft beverages. Craft drinks are becoming more popular, which is fueling the market. A small, independent, and traditional brewer produces craft beer.

• The global craft beer market is expected to attain a CAGR of 14.1%.
• The global craft wine market is exhibiting a CAGR of 4.4%.
• The Craft Spirits Market is anticipated to grow at a CAGR of 25.33%.
• The craft soda market is expected to grow at a CAGR of 4.8%.

INDIA ALCOHOLIC BEVERAGES INDUSTRY:

India’s alcoholic beverage sector is one of the world’s largest, coming in second only to China and Russia. Growing demand for alcoholic beverages in India is mostly due to the country’s large young population, and rising alcohol use by the young generation, as well as rising disposable income, is boosting the industry’s growth. India is one of the world’s largest consumer markets, with a population of 1.3 billion people. It is also one among the youngest in terms of demographics, with over half of the population under the age of 25 and around 65 percent under the age of 35. People between the ages of 18 and 40 consume the majority of the alcohol consumed. These demographic statistics are predicted to accelerate the expansion of the alcoholic beverage sector. The market is also being fueled by the rising urbanisation of tier-II cities.

ASIA-PACIFIC ALCOHOLIC INDUSTRY:

The market for alcoholic beverages in Asia-Pacific is predicted to develop at a CAGR of 4.3 percent. Global youth, adult population, disposable income, and consumer desire for premium, super-premium products are all being driven by expansion in the Asia-Pacific alcoholic beverages market. Alcoholic beverages are fermented beverages with ethanol-like chemical characteristics. Beer, spirit, and wine are examples of flammable, colourless liquids. They are created by decomposing or fermenting berries, fruits, cereals, and other carbohydrates. The distillation procedure increases the proportion of alcohol in the drink. The alcoholic beverages market in Asia-Pacific is tremendously diverse in terms of goods as well as consumption patterns, owing to regional differences in tastes and preferences as well as social and cultural considerations. Demand for premium alcoholic beverages is increasing, as are new product releases and innovations, changes in consumer preferences, more customer disposable income, higher premium or super premium product costs, and the non-alcoholic beverage sector is becoming more competitive.

TOP PLAYERS WORLDWIDE:

• Anheuser
• Heineken Holding
• Asahi Group Holdings
• Kirin Holdings
• Diageo
• Kweichow Moutai
• Carlsberg
• Wuliangye Yibin
• Jiangsu Yanghe Brewery
• Empee Distilleries Ltd (Empee)
• Globus Spirits Ltd.
• GM Breweries Ltd.
• IFB Agro Industries Ltd.
• Jagatjit Industries Ltd.
• Mohan Meakin Ltd.
• Radico Khaitan Ltd.
• Tilaknagar Industries Ltd.