ALCOHOLIC AND NON-ALCOHOLIC BEVERAGES INDUSTRY:

Global Alcoholic Beverages Market

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 rise in global young adult demographic, surge in disposable income, and rise in consumer demand for premium/super premium products are driving the growth of the worldwide alcoholic beverages industry. Furthermore, recent innovations in honey-derived products promise to be a potential option for creating unique alcoholic drinks for consumers and driving the market’s future growth.

The Market for Non-Alcoholic Beverages has a market share of more over 50% in the global beverage business, and has been expanding for several years. Due to the increased popularity of refreshment drinks and expanding civilization among human societies, the market provides investors with a holistic perspective of the sector. Manufacturers have been encouraged to expand their production capacities globally as trade tariffs and tariff obstacles have been reduced in the overseas market. Emerging markets, together with altering consumer demand as a result of the introduction of innovative products, present many chances for market development in the coming years. The global beverage business is undergoing a wave of fundamental change, and it is constantly evolving in response to the market’s growing social and cultural roles.

INDIAN MARKET OUTLOOK:

India Non- Alcoholic Beverage Industry has experienced significant growth in recent years. Growing middle-class populations, increased urbanisation, and increased disposable income are all contributing to this expansion. Furthermore, with a population of 1.3 billion people, India is one of the world’s largest consumer markets. 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 account for the majority of fast food consumption in India. The market is predicted to increase at a quick rate as a result of these demographic statistics. Furthermore, growing awareness of heart- and weight-related health issues, particularly among young adults, has driven the consumption of packaged fruit drinks to a higher level than that of carbonated drinks.

India Alcoholic Beverage Industry is one of the world’s largest alcoholic beverage producers, trailing only two major countries, 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.

GLOBAL MARKET OUTLOOK:

The Global Alcoholic Beverages Market is predicted to grow at a rate of 2.0 percent every year. 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 worldwide 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 unique alcoholic drinks for consumers and driving the market’s future growth.

The Global Non-Alcoholic Beverages Market is predicted to expand at an annual compound growth rate (CAGR) of 8.4%. The Non-Alcoholic Beverages Market comprises of sales of non-alcoholic beverages by companies (organisations, single traders, and partnerships) that manufacture non-alcoholic beverages. The non-alcoholic beverages sector processes raw ingredients into non-alcoholic beverages, packages them, and distributes them to both individual customers and commercial facilities through various distribution channels. The market for non-alcoholic beverages is divided into two categories: coffee and tea, and soft drinks and ice.

TOP PLAYERS WORLDWIDE:

• NESTLE AG.
• SEPOY & CO
• LVMH
• BREWHOUSE TEA BREWING CO.
• COCA-COLA COMPANY
• PEPSICO
• COOLBERG
• ANHEUSER-BUSCH INBEV
• EMPEE DISTILLERIES LTD
• MCDONALD’S CORPORATION
• IFB AGRO INDUSTRIES LTD.
• STARBUCKS CORPORATION
• RADICO KHAITAN LTD.