LAMEA alcoholic beverages market is estimated to grow at a CAGR of 3.5% during the forecast period. In 2018, the market in LAMEA was valued at $121.0 billion and is further estimated to reach $152.0 billion in 2025. The factors contributing to the market growth include increasing demand for alcoholic beverages in emerging economies such […]
Category Archives: Food & Beverages
Indian alcoholic beverages market is estimated to grow at a CAGR of 4.2% during the forecast period. In 2018, the market in India was valued at $36.5 billion and is further estimated to reach $48.0 billion in 2025. The factors contributing to the market growth include increasing demand for alcoholic beverages in the country due […]
The global wine market is estimated to grow at a CAGR of 3.7% during the forecast period. The wine industry valued at $157.6 billion in 2018 and is estimated to reach $201.2 billion in 2025. Health benefits and premiumization of wine products along with innovation in flavor and more advanced distribution networks across the globe […]
The European wine market is estimated to grow at a CAGR of 3.8% during the forecast period. The wine industry valued at $50.4 billion in 2018 and is estimated to reach $65.1 billion in 2025. Alcoholic beverages are among the most traded sectors in the European Union. As per FoodDrinkEurope, in 2017, the European Union […]
The European alcoholic beverages market is estimated to grow at a CAGR of 2.8% during the forecast period. In 2018, the European market was valued at $263.6 billion and estimated to reach $316.6 billion in 2025. Europe is one of the major producers and consumers of alcoholic beverages globally. As per the WHO, in 2016, […]
China alcoholic beverages market is estimated to grow at a CAGR of around 3% during the forecast period. The factors contributing to the market growth include increasing demand for alcoholic beverages due to their huge population base, growing consumption of alcohol by the young generation, and rising disposable income. The changing social norms and the […]
The Asia-Pacific wine market is estimated to grow at a CAGR of 4.1% during the forecast period. The wine industry valued at $42.6 billion in 2018 and is estimated to reach $55.7 billion in 2025. The factors contributing to the growth of the market include increasing demand for alcoholic beverages in emerging economies such as […]
The United States distilled spirits market is estimated to grow at a CAGR of around 3% during the forecast period. According to the Distilled Spirits Council, nearly 63% of the US whiskey exports have faced retaliatory tariffs from the EU, China, Turkey, Canada, and Mexico. The US-China trade war and the new tariffs levied by […]
The UK distilled spirits market is estimated to grow at a CAGR of around 3% during the forecast period. The adoption of distilled spirits is being significantly driven by the rising purchasing power of consumers and increasing demand for beverages with natural flavors. The spirits sector is led by millennials and the young-age population who […]
The North American distilled spirits market is estimated to grow at a CAGR of 2.9% during the forecast period. The North American distilled spirits industry valued at $101.8 billion in 2018 and is estimated to reach $123.4 billion in 2025. Growing alcohol consumption is the major factor that is contributing to the market growth in […]