Global Alcoholic Drinks Sector Overview - Market Characteristics and Consumer Trends driving the sector
This report outlines the market trends and consumer behavior impacting the alcoholic drinks and what implications these may have on the industrys future. It further explores the evolution of the market amid COVID-19, company performance, and news, as well as product innovation.
Overall, the alcoholic drinks industry will see a downward volume and value trajectory from 2019 to 2020, and will then experience a recovery, but will still underperform the forecast growth calculated before the COVID-19 pandemic.
Although some consumers stockpiled alcohol at the beginning of the pandemic, less alcohol has been bought than normal overall, as it is considered non-essential in uncertain financial times.
The industry suffered majorly in 2020, when the biggest volume difference between the baseline and slowdown forecasts was seen. Value will also experience a decline compared to the baseline forecast, albeit a smaller decrease compared to volume.
- Focus on middle-priced range products to reach the consumer majority.
- Adapt to emerging at-home habits through e-commerce.
- Invest in innovating formulas to create a free-from positioning, attracting health-conscious consumers.
- Experiment with flavors to appeal to sensory-orientated consumers.
Reasons to Buy
- Understand the relevant market and consumer trends that are driving the alcoholic drinks sector.
- Gain a broader understanding of the impact of COVID-19 on the alcoholic beverages sector and its effect on consumer spending and preferences.
- Access valuable strategic take-outs in the form of specific opportunities to enhance future decision-making and inform new product development.
Sector Landscapes: Alcoholic Drinks
Global Indoor Air Quality Monitor Market, By Product (Fixed Indoor Monitors and Portable Indoor Monitors), By Pollutant Type (Chemical, Physical and Biological), By Application (Government Buildings, Industrial, Private Establishments, Commercial, Residential and Others), By Region, Competition, Forecast & Opportunities, 2025
Global Indoor Air Quality Monitor Market Size, Share, Growth, Trend & Indoor Air Quality Monitor Market Forecast 2025 By Product, By Pollutant Type, By Application, By Region, Competition & Opportunities, market research report available in single user pdf license with Aarkstore Enterprise at USD 4450View Report
Recreation Global Market Report 2021: COVID 19 Impact and Recovery to 2030 Company provides the strategists, marketers and senior management with the critical information they need to assess the globalView Report
Impact of COVID-19 on Sports Sponsorship by Non-Alcoholic Drinks SectorReport on the impact COVID-19 has had on the Non-Alcoholic Beverages sponsorship sector.Scope- In this report, analyses the activity of brandsView Report
2020 Global alcoholic and non-alcoholic beverages Market, Size, Share, Outlook and Growth Opportunities, Forecast to 2026
alcoholic and non-alcoholic beverages market is likely to witness a stable growth rate over the forecast period driven by growing demand from emerging markets. Increasing family disposable incomes coupled withView Report
Fill The Form For Sample Request