The Sri Lanka alcoholic beverages market is set to increase from USD 1,710.7 million in 2023 to USD 2,745.0 million by 2029, reflecting a CAGR of 8.2% over the 2024 to 2029 timeframe. The market for alcoholic beverages is growing, driven by rising incomes and urbanization. Beer remains the dominant alcoholic drink, though spirits like arrack and whiskey are seeing rising demand. Increased access to international brands and changing social norms are helping to drive growth, particularly in urban areas.
The report provides a comprehensive analysis of the Sri Lanka alcoholic beverages industry, presenting detailed market data including historical market size, growth rates, and future forecasts. It offers an in-depth examination of various market categories and subcategories, with a particular focus on key factors such as product, packaging type and distribution channel. The insights gained from this evaluation help reveal the growth potential within the alcoholic beverages sector.
Market Segmentation
The segmentation of the Sri Lanka alcoholic beverages market is outlined below:
Product: beer, spirits, wine
Packaging type: glass bottles, metal cans, others
Distribution channel: supermarkets and hypermarkets, food & drinks specialty stores, grocery stores, bars & HoReCa, others
The alcoholic beverages market in the Sri Lanka is segmented by product, packaging type and distribution channel. By product, the market includes beer, spirits, and wine. Packaging type segments are divided into glass bottles, metal cans, and others. Distribution channel segments cover supermarkets and hypermarkets, food & drinks specialty stores, grocery stores, bars & HoReCa, and others.
Competitive Landscape
Key players in the Sri Lanka alcoholic beverages market include Lion Brewery PLC, International Distillers Limited, Heineken N.V., Distilleries Company of Sri Lanka PLC (DCSL) and Carlsberg A/S. This report presents an extensive analysis of major entities in the alcoholic beverages market, focusing on their performance from 2019 to 2023. Findings showcase changes in market share, recognizing both long-standing leaders and new challengers.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Sri Lanka alcoholic beverages market.
Gain in-depth analysis and forecasts for the key segments of the Sri Lanka alcoholic beverages market: product, packaging type and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Sri Lanka alcoholic beverages market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Sri Lanka alcoholic beverages market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Sri Lanka Alcoholic Beverages Market – Product Analysis
Sri Lanka Alcoholic Beverages Market – Packaging Type Analysis
Sri Lanka Alcoholic Beverages Market – Distribution Channel Analysis
Key Players and Market Share
– Lion Brewery PLC
– International Distillers Limited
– Heineken N.V.
– Distilleries Company of Sri Lanka PLC (DCSL)
– Carlsberg A/S
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Sri Lanka Alcoholic Beverages Market 2019-2029
Chart Sri Lanka Alcoholic Beverages Market, Net Growth, 2019-2029
Chart Sri Lanka Alcoholic Beverages Market, Growth Rates, 2019-2029
Table Sri Lanka Alcoholic Beverages Market by Product, 2019-2029
Chart Sri Lanka Alcoholic Beverages Market by Product, CAGR Historic and Forecast, 2019-2029
Chart Sri Lanka Alcoholic Beverages Market by Product, 2019-2029
Table Sri Lanka Alcoholic Beverages Market by Packaging Type, 2019-2029
Chart Sri Lanka Alcoholic Beverages Market by Packaging Type, CAGR Historic and Forecast, 2019-2029
Chart Sri Lanka Alcoholic Beverages Market by Packaging Type, 2019-2029
Table Sri Lanka Alcoholic Beverages Market by Distribution Channel, 2019-2029
Chart Sri Lanka Alcoholic Beverages Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Sri Lanka Alcoholic Beverages Market by Distribution Channel, 2019-2029
Table Sri Lanka Alcoholic Beverages Market Share (%), by Companies, 2019-2023
Chart Sri Lanka Alcoholic Beverages Market, by Companies, 2023
Table Sri Lanka Alcoholic Beverages Market Share (%), by Brands, 2019-2023
Chart Sri Lanka Alcoholic Beverages Market, by Brands, 2023
Table Sri Lanka – Population (Millions) and Forecast
Table Sri Lanka – Consumer Price Index (CPI) and Forecast
Table Sri Lanka – Gross Domestic Product and Forecast
Table Sri Lanka Alcoholic Beverages Market: Spend as a Proportion of GDP (%)
Table Sri Lanka Alcoholic Beverages Market: Consumption per Capita (Population)
Companies Mentioned
Lion Brewery PLC
International Distillers Limited
Heineken N.V.
Distilleries Company of Sri Lanka PLC (DCSL)
Carlsberg A/S