Introduction

• The global alcoholic beverages market grew from USD 1,764.69 billion in 2017 to USD 2,670.42 billion by 2032, indicating steady long-term expansion with a projected CAGR of 2.25% (2026–2035).
• The market experienced a sharp contraction in 2020 (-6.38% YoY) due to COVID-19 disruptions, followed by a strong rebound in 2021 (+5.74% YoY), reflecting demand resilience.
• From 2022 onward, the industry entered a stabilization phase, maintaining consistent annual growth in the 3–4% YoY range through 2032.
• Asia Pacific remains the largest and fastest-growing region, expanding significantly between 2017 and 2032, serving as the primary global growth driver.
• North America and Europe continue to contribute substantial revenue shares, while Latin America and the Middle East & Africa provide steady incremental growth, ensuring diversified regional expansion.

Market Segment 

Types of Alcoholic Beverages

1. Fermented Alcoholic Beverages

1.1 Beer Alcoholic Beverages
1.2 Wine Alcoholic Beverages
1.3 Sparkling Wine and Champagne Alcoholic Beverages
1.4 Fortified Wine Alcoholic Beverages
1.5 Hard Cider Alcoholic Beverages
1.6 Mead Alcoholic Beverages
1.7 Saké Alcoholic Beverages
1.8 Other Fermented Alcoholic Beverages

2. Distilled Alcoholic Beverages

2.1 Gin Alcoholic Beverages
2.2 Brandy Alcoholic Beverages
2.3 Cognac Alcoholic Beverages
2.4 Whiskey Alcoholic Beverages
2.5 Rum Alcoholic Beverages
2.6 Tequila Alcoholic Beverages
2.7 Vodka Alcoholic Beverages
2.8 Absinthe Alcoholic Beverages
2.9 Everclear Alcoholic Beverages
2.10 Other Distilled Alcoholic Beverages

Key Players

• Anheuser-Busch InBev SA/NV
• Diageo plc
• Heineken N.V.
• Pernod Ricard SA
• Kweichow Moutai Co., Ltd.
• Ambev S.A.
• Constellation Brands, Inc.
• Bacardi Limited
• Brown-Forman Corporation
• Asahi Group Holdings, Ltd.