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The alcoholic beverages market size is forecast to increase by USD 261.6 billion at a CAGR of 2.09% between 2023 and 2028. The market is witnessing significant growth, driven by the increasing popularity of craft beers, artisanal spirits, and small-batch wines. Consumers' preferences are shifting towards unique and authentic flavors, leading to the rise of beer barrel-aged cocktails and tea-infused rums. The beer industry is evolving with the introduction of low-alcohol and non-alcoholic beverages, catering to the changing consumer demographics, particularly young adults. The emergence of social media platforms is transforming the market landscape, enabling breweries, distilleries, and wineries to engage directly with customers and build brand loyalty. However, challenges persist, including the prominence of counterfeit products and the need for regulatory compliance.
Overall, the market is expected to grow steadily, driven by these trends and the continued innovation in the alcoholic beverages sector.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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