Alcoholic Beverages Market to Witness an Outstanding Growth during 2019-2030 – The Boston Beer Company, BACARDI, Diageo

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The significant growth of the market can be attributed to, high cost of premium or super-premium products. Moreover, factors such as increasing demand for premium alcoholic beverages and new product launches and innovations as well as a change in consumer preferences are anticipated to boost the growth of the alcoholic beverages market over the forecast period. For instance, canned alcohol is available in a variety of range such as pre-mixed cocktails. Several vendors are offering alcoholic beverages in various flavours as well as products containing no artificial flavours and colours. These innovations are identified as a critical alcoholic beverage market trend responsible for the growth of the market.
Market Industry Reports (MIR) has published a new report titled “Alcoholic Beverages Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global alcoholic beverages market is estimated to be over US$ 1.5 Billion in 2019. It is anticipated to grow at a CAGR of 2.8% from 2019 to 2030.
Major Key Players of the Alcoholic Beverages Market are:
The Boston Beer Company, BACARDI, Constellation Brands, Heineken N.V., Anheuser-Busch InBev, Diageo, Kirin Holdings Company, Limited, Carlsberg Breweries A/S, Pernod Ricard and Molson Coors Brewing Company among others.

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