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1 © GlobalData 2018. This product is licensed and is not to be photocopied. Phone: +44 (0) 161 359 5363 Email: [email protected] Alcoholic Beverages Market GlobalData provides unique and market-leading data and insights into the alcoholic beverages market. 7th November, 2018

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Page 1: Alcoholic Beverages Market - GlobalData€¦ · for DIY beer and cider gadgets that are easy to use to produce "right-for-me" beverages at home. • While consumers want new experiences,

1 © GlobalData 2018. This product is licensed and is not to be photocopied.

Phone: +44 (0) 161 359 5363 Email: [email protected]

Alcoholic Beverages Market GlobalData provides unique and market-leading

data and insights into the alcoholic beverages

market.

7th November, 2018

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GlobalData’s Alcoholic Beverages reports are essential reading for players in the market. The alcoholic space represents a highly innovative and dynamic environment for growth, especially as consumers begin to explore and push conventional boundaries

Opportunities in the Global Spirits Sector

Snapshot of Beer and Cider

Innovation Trends

Alcoholic Beverages Market

This report identifies trends that are affecting consumption of beer and cider. The focus of the report is on new product innovations in the category and changing consumer attitudes and preferences.

This report provides an analysis of global markets covering five regions – Asia-Pacific, Middle East & Africa, Americas, Western Europe and Eastern Europe. The top ten high potential countries are also identified.

Consumer trends covered in the report include the disputable ‘craft’ movement, commitment to sustainability, demand for sweeter indulgence, unusual ‘two-in-one’ drinks and the abstract ‘lifestyle’ movement.

Top Trends in Alcoholic

Drinks 2018

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Top Trends in Alcoholic Drinks 2018

The alcoholic space represents a highly innovative and dynamic environment for growth, especially as consumers begin to explore and push conventional boundaries. GlobalData has highlighted 5 key trends influencing innovation in alcoholic beverages. • True Authenticity vs Mass Craft – Consumers are wary of being

fooled by mass manufacturers produced craft. Consumers seek certain qualities associated with craft brewers, such as small size, local and hand-crafted.

• Drinking Sustainably – Consumers are becoming more environmentally aware. Brands should adopt a stronger, more ethical stance, promote the use of sustainable materials, and use ingredients with integrity.

• Dessert Indulgence – Consumers, especially millennials, are placing increased desire with sweeter flavors. Sweeter offerings, in some cases dessert-like experiences, appealing to consumers with a sweet tooth.

• Sensory Hybrids – More curious consumers are seeking new flavors and experiences. Sensory Hybrids includes mixing two contrasting alcoholic drinks to create a more enjoyable and exciting experience.

• Lifestyle Beverages – Consumers are demanding alcoholic beverages which are specific to their lifestyle choices, such as desire for exercise or weight loss.

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Opportunities in the Global Spirits Sector

The report provides analysis on the following:

• Sector overview: provides an overview of

current sector scenario regarding the

future outlook in terms of ingredients,

product claims, labelling, and packaging.

• Change in consumption: provides a shift

in the consumption of spirits as compared

to other major sectors such as beer &

cider, and wine.

• High potential countries: provides risk-

reward analysis of top 4 high potential

countries by region.

• Country and regional analysis: provides

deep-dive analysis of 10 high potential

countries across the regions.

• Competitive landscape: provides an

overview of leading brands at global and

regional level.

• Key distribution channels: provides

analysis on the leading distribution

channels in the global spirits sector.

• Preferred packaging formats: the report

provides percentage share (in 2017) and

growth analysis (during 2012–2022).

The global spirits sector was valued at US$689.1 billion in 2017 and is forecast to

record a CAGR of 4.5% in value terms during 2017–2022. AsiaPacific

was the largest global market for spirits, accounting for a 57.8% share of total

value sales in 2017. Additionally, the region is forecast to

record the second-fastest value growth at a CAGR of 5.4% during 2017–2022. A

growing population of youngsters reaching the legal drinking age

(LDA), improving economy, and the rising middle income population across APAC

and MEA regions will remain the primary factors driving growth in

the sector globally.

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[Subject Area]

Snapshot of Beer and Cider Innovation Trends

• The popularity of craft beers, as well as

technological developments that have

made such beverages easily available,

has led to consumers feeling overloaded

with choice.

• Consumers want authenticity, but

constant bombardment with craft

launches and unusual flavors means

manufacturers need to find new ways to

stand out.

• A new wave of "in-speriences" (on-trade

experiences at home) will drive demand

for DIY beer and cider gadgets that are

easy to use to produce "right-for-me"

beverages at home.

• While consumers want new

experiences, they do not want to spend

much time searching for them, so

manufacturers should invest in new

technology that requires minimal effort

from the consumer side.

The analysis in this report identifies the key trends shaping consumption of beer and cider, in the context of new product innovations in these categories and evolving consumer attitudes and preferences.

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About GlobalData GlobalData is a leading global provider of business intelligence in the Healthcare industry. GlobalData provides its clients with up-to-date information and analysis on the latest developments in drug research, disease analysis, clinical research and medical device development.

Our integrated business intelligence solutions include a range of interactive online databases, analytical tools, reports and forecasts. Our analysis is supported by a 24/7 client support and analyst team. GlobalData has offices in New York, Boston, London, India and Singapore.

© GlobalData 2018. This product is licensed and is not to be photocopied. © GlobalData 2018. This product is licensed and is not to be photocopied.

“GlobalData’s service is certainly another key element of how you differentiate

from your competitors.” Strategic Planning Director,

The Coca-Cola Company

GlobalData provides unique and market-leading data and insights into the alcoholic beverages market. Browse or search our Report Store for the latest comprehensive reports, market data, analysis and survey findings alongside industry information on key companies, markets and financial deals.

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Contact Us

If you have any queries about this report or would like further information, please contact us at the below telephone numbers or email address.

Phone: +44 (0) 161 359 5813

Email: [email protected]

Disclaimer. All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, GlobalData. The facts of this report are believed to be correct at the time of publication but cannot be guaranteed. Please note that the findings, conclusions and recommendations that GlobalData delivers will be based on information gathered in good faith from both primary and secondary sources, whose accuracy we are not always in a position to guarantee. As such GlobalData can accept no liability whatsoever for actions taken based on any information that may subsequently prove to be incorrect.