Alcohol Market Global Trends, Industry Insights, Product Demand and Forecast by 2025
Category: #business  By Partha Ray  Date: 2019-10-21
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Alcohol Market Global Trends, Industry Insights, Product Demand and Forecast by 2025

A comprehensive research study on Alcohol Market introduced by Global Market Insights, Inc. provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of market in terms of the demand landscape, driving factors and growth strategies adopted by market players.

Alcohol Market size is driven by increasing awareness for health benefits from dietary consumption of product along with application in pharmaceuticals and food & beverages sector. Growing demand for premium liquor beverage owing to increase in demographic and income trend of consumers is considered to be status symbol and is one of the key factor for alcohol market growth.

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Expansion of personal care industry has led to liquor demand in this area due to its usage in cosmetics, antiseptics, perfumes, shampoos, body wash and eyeliners. Alcohol is an organic compound and formed by the fermentation of sugar. High usage of product in medical wipes, soaps and hand sanitizers in the form of antiseptic, disinfectant and an antidote owing to its superior qualities include kill fungi and bacteria by denaturing process. This in turn, will drive the alcohol market during forecast period.

Growth in medical sector will fuel the alcohol market size owing to its usage for liquid preparation of cold and cough syrups, pain medication and in mouth washes to remove the germs from mouth, as it contains around 20% of ethanol. Increasing demand for automotive will drive product market due to its excessive use in high grade fuel in order to increase the fuel performance.

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Alcohol market is segmented by category include wine, beer and spirits. Among this category, beer dominated the product market due to few health benefits includes as it reduces the risk of cardiovascular diseases, used for the treatment of kidney & gallstones. Increasing demand for beer from youth population is anticipated to drive the alcohol market in future.

The excessive consumption of liquor results the liver problem, brain damage and cancer of mouth and throat are some of the key restraining factors which will hamper the alcohol market demand. Apart from this, soaring prices of raw materials, presence of no liquor products and strict licensing requirement for producers of liquor based beverages are additional factors which restrict the alcohol market growth in upcoming years.

North America, led by U.S. dominates the alcohol market due to the increasing demand of liquor beverages and shift in trends of consumer habits in this region. Large presence of manufacturers is also a key driving factors for product market growth.

In Europe, maximum consumption of beer by adults, positive income trends and trade of liquor in this region is likely to propel the alcohol market size in future. High excise duties, strict regulations on low quality of drinks and minimum prices of high quality liquor drinks are some of the key factors that will drive the product demand.

Key players in alcohol market include Anheuser-Busch, Beam Suntory, Accolade Wines, Bacardi, Constellation Brands, Carlsberg and China Resource Enterprise.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc.
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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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