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Beverages
India Alcoholic Beverages Market 2024
The India alcoholic beverages market is anticipated to witness significant growth, with an expected uptick of USD 47.6 billion, equating to a compound annual growth rate (CAGR) of about 9.9% in the coming years. India’s alcoholic beverages market is growing due to increasing disposable incomes, urbanization, and changing social norms. As the younger population become…
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Beverages
Hong Kong Alcoholic Beverages Market 2024
Forecasts highlight a favorable growth outlook for the Hong Kong alcoholic beverages market, with a projected increase of USD 1.5 billion and a compound annual growth rate (CAGR) close to 5.3% through 2029. The alcoholic beverages market is driven by the city’s cosmopolitan culture and its position as a global hub for wine and spirit…
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Beverages
China Alcoholic Beverages Market 2024
Anticipated growth in the China alcoholic beverages market stands at USD 129.5 billion, with an expected compound annual growth rate (CAGR) of approximately 4.5% during the period spanning 2024 à 2029. China’s alcoholic beverages market is experiencing substantial growth, with demand for premium and imported spirits, especially whiskey and wine, on the rise. The expand…
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Beverages
Cambodia Alcoholic Beverages Market 2024
Insights reveal that the Cambodia alcoholic beverages market is set for a healthy expansion, with an anticipated growth of USD 3.2 billion, corresponding to a compound annual growth rate (CAGR) of nearly 8.6% from 2024 à 2029. The market for alcoholic beverages is driven by a growing younger population with increasing disposable incomes and a shif…
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Beverages
Bangladesh Alcoholic Beverages Market 2024
Anticipated to grow steadily, the Bangladesh alcoholic beverages market is expected to rise from USD 1,586.0 million dans 2023 à USD 2,275.4 million par 2029, with a CAGR of 6.2% throughout the forecast period. The alcoholic beverages market in Bangladesh is expanding slowly, driven by increased urbanization and rising disposable incomes, particularly in cities like D…
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Beverages
Azerbaijan Alcoholic Beverages Market 2024
The Azerbaijan alcoholic beverages market is projected to expand from USD 1,309.2 million dans 2023 à USD 2,031.8 million par 2029, achieving a compound annual growth rate (CAGR) of 7.6% during the period from 2024 à 2029. The demand for alcoholic beverages is growing due to rising disposable incomes and changing social norms. Urbanization and an…
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Beverages
Global Alcoholic Beverages Market 2024
The global alcoholic beverages market is poised for moderate growth, projected to increase from USD 3,186.1 billion in 2023 à USD 4,443.8 billion by 2029, achieving a CAGR of 5.7% during the forecast period. Globally, the alcoholic beverages market is being shaped by changing consumer preferences, with increasing demand for premium, craft, and artisanal drinks…
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Beverages
North America Alcoholic Beverages Market 2024
The North America alcoholic beverages market is expected to realize a modest increase of USD 171.2 billion, demonstrating a CAGR of about 4.8% during the forecast period from 2024 à 2029. The alcoholic beverages market is driven by a diversification of consumer preferences, with millennials and Gen Z favoring craft beers, premium spirits, and ready-…
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Beverages
Latin America Alcoholic Beverages Market 2024
The Latin America alcoholic beverages sector is poised for a dynamic growth phase, anticipating an increase of USD 170.3 billion and a compound annual growth rate (CAGR) of approximately 7.4% from 2024 à 2029. Latin America’s alcoholic beverages market is thriving due to a robust drinking culture and the rise of disposable income, especially in Bra…
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Beverages
Asia Pacific Alcoholic Beverages Market 2024
Forecasted to grow at a moderate pace, the Asia Pacific alcoholic beverages market size is expected to reach USD 1,514.1 billion by 2029, up from USD 1,072.2 billion in 2023, resulting in a CAGR of 5.9%. The Asia Pacific region is seeing rapid growth in the alcoholic beverages market, propelled by rising disposable incomes and ch…
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Beverages
Europe Alcoholic Beverages Market 2024
The Europe alcoholic beverages market is likely to exhibit mild growth, with a projected increase from USD 929.6 billion in 2023 à USD 1,209.6 billion by 2029, corresponding to a CAGR of 4.5% during the 2024 à 2029 laps de temps. The alcoholic beverages market remains robust, with demand driven by long-established drinking cultures. The popularity of cra…
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Beverages
Middle East and Africa Alcoholic Beverages Market 2024
Forecasts highlight a favorable growth outlook for the Middle East and Africa alcoholic beverages market, with a projected increase of USD 120.7 billion and a compound annual growth rate (CAGR) close to 9.4% through 2029. The alcoholic beverages market is expanding despite challenges posed by regional regulations. Increasing urbanization and a growing middle class in cou…