Beverages

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    Saudi Arabia Alcoholic Beverages Market 2024

    The Saudi Arabia alcoholic beverages sector is poised for a dynamic growth phase, anticipating an increase of USD 112.7 million and a compound annual growth rate (CAGR) of approximately 5.3% from 2024 to 2029. Saudi Arabia’s alcoholic beverages market remains strictly controlled due to religious and cultural restrictions. However, there is a growing demand for no…

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    Qatar Alcoholic Beverages Market 2024

    The Qatar alcoholic beverages market is poised for moderate growth, projected to increase from USD 2,259.5 million in 2023 to USD 3,334.3 million by 2029, achieving a CAGR of 6.7% during the forecast period. Qatar’s alcoholic beverages market is heavily influenced by its expatriate population, with demand for imported beer, wine, and spirits increasing. Althou…

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    Oman Alcoholic Beverages Market 2024

    Projected to undergo a minor increase, the Oman alcoholic beverages market size is anticipated to grow from USD 856.4 million in 2023 to USD 1,121.7 million by 2029, reflecting a CAGR of 4.6% from 2024 to 2029. Oman’s alcoholic beverages market is small but growing, driven primarily by a rising expatriate population and increasing touris…

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    Nigeria Alcoholic Beverages Market 2024

    The Nigeria alcoholic beverages market is projected to grow swiftly, with a USD 15.0 billion increase in market size and a compound annual growth rate (CAGR) close to 18.9%, driven by heightened demand and innovation. Nigeria’s alcoholic beverages market is expanding rapidly, driven by increasing urbanization, a growing middle class, and rising disposable incomes. Beer d…

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    Morocco Alcoholic Beverages Market 2024

    Driven by strong market fundamentals, the Morocco alcoholic beverages market is expected to achieve rapid growth, adding USD 2.5 billion in value and delivering a CAGR of approximately 10% through the forecast period. Morocco’s alcoholic beverages market is characterized by beer and wine consumption, with spirits like vodka and whiskey gaining ground. Although Islamic custom…

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    Lebanon Alcoholic Beverages Market 2024

    The Lebanon alcoholic beverages market is on track for substantial growth, expected to escalate from USD 1,889.7 million in 2023 to USD 5,670.9 million by 2029, corresponding to an impressive CAGR of 20.1% during the forecast period. Lebanon’s alcoholic beverages market is well-established, with wine being a particular point of pride due to the countr…

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    Kuwait Alcoholic Beverages Market 2024

    The Kuwait alcoholic beverages market is expected to experience robust growth, with a projected increase of USD 48.0 million and a compound annual growth rate (CAGR) of approximately 7% throughout the forecast period. Kuwait’s alcoholic beverages market is limited by strict regulations and cultural attitudes toward alcohol. However, there is a small but growing demand…

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    Kenya Alcoholic Beverages Market 2024

    Projections for the Kenya alcoholic beverages market suggest a promising growth trajectory, with an anticipated rise of USD 5.8 billion and a compound annual growth rate (CAGR) nearing 9.3% over the next five years. Kenya’s alcoholic beverages market is expanding as rising disposable incomes and an increasingly youthful population fuel demand for beer and spirit…

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    Jordan Alcoholic Beverages Market 2024

    The Jordan alcoholic beverages market is poised for moderate growth, projected to increase from USD 758.2 million in 2023 to USD 1,150.7 million by 2029, achieving a CAGR of 7.2% during the forecast period. Jordan’s alcoholic beverages market is growing, albeit slowly, as cultural acceptance of alcohol consumption remains limited to certain demographic segments. Beer a…

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    Israel Alcoholic Beverages Market 2024

    The Israel alcoholic beverages market is poised for steady growth, with an expected increase of USD 3.0 billion, reflecting a compound annual growth rate (CAGR) of approximately 6.8% from 2024 to 2029. In Israel, the alcoholic beverages market is experiencing steady growth, with a particular focus on premium wines and craft beers. Israel’s rich wine-p…

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    Iraq Alcoholic Beverages Market 2024

    The Iraq alcoholic beverages market is on track to grow from USD 1,287.7 million in 2023 to USD 2,032.1 million by 2029, with a projected CAGR of 7.9% across the forecast period. Iraq’s alcoholic beverages market remains limited due to cultural and religious constraints, but there is a growing niche market in urban centers, partic…

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    Ghana Alcoholic Beverages Market 2024

    Bolstered by favorable market conditions, the Ghana alcoholic beverages sector is anticipated to see a significant rise of USD 3.5 billion, marking a CAGR of nearly 12.7% during the forecast window. Ghana’s alcoholic beverages market is being driven by a growing middle class and increased urbanization, which are contributing to rising disposable incomes. Beer remain…

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