Global Alcoholic Drinks Market Size & Outlook, 2025-2033
Global alcoholic drinks market, 2021-2033 (US$M)
Related Markets
Global alcoholic drinks market highlights
- The global alcoholic drinks market generated a revenue of USD 1,773.7 million in 2024 and is expected to reach USD 3,617.9 million by 2033.
- The market is expected to grow at a CAGR (2025 - 2033) of 8.4% by 2033.
- In terms of segment, beer accounted for a revenue of USD 691.3 million in 2024.
- Hard Seltzer is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2033.
Global data book summary
| Market revenue in 2024 | USD 1,773.7 million |
| Market revenue in 2033 | USD 3,617.9 million |
| Growth rate | 8.4% (CAGR from 2025 to 2033) |
| Largest segment | Beer |
| Fastest growing segment | Hard Seltzer |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Beer, Spirits, Wine, Cider, Perry & Rice Wine, Hard Seltzer |
Other key industry trends
- In terms of revenue, the North America accounted for 26.0% of the global alcoholic drinks market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2033.
- By country, India is the fastest growing regional market and is projected to reach USD 187.3 million by 2033.
Beer was the largest segment with a revenue share of 38.98% in 2024. Horizon Databook has segmented the Global alcoholic drinks market based on beer, spirits, wine, cider, perry & rice wine, hard seltzer covering the revenue growth of each sub-segment from 2021 to 2033.
Artisanal producers often prioritize quality and craftsmanship, leading to unique and distinctive flavor profiles. Consumers seeking novel taste experiences are attracted to the diverse and often experimental offerings of craft breweries, distilleries, and wineries. Craft producers typically use high-quality ingredients and traditional methods, emphasizing authenticity and premium quality.
This commitment to quality appeals to consumers looking for a more elevated and refined drinking experience.Craft beers, small-batch spirits, and specialty wines gained popularity, reflecting a desire for distinctive and authentic products. Many consumers are drawn to the local and authentic nature of artisanal beverages.
Craft producers often have strong ties to their communities, and consumers appreciate the sense of supporting local businesses and the authenticity of small-batch production. Artisanal brands often have compelling stories and narratives behind their products. This storytelling aspect enhances the consumer experience, creating a personal connection between the consumer and the brand.
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Alcoholic Drinks Market Scope
Alcoholic Drinks Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Bacardi | View profile | 5001-10000 | Hamilton, Hamilton, Bermuda, North America | https://www.bacardilimited.com/ |
| Molson Coors Beverage Co Class A | View profile | 16500 | NH353, P.O. Box 4030, Golden, CO, United States, 80401 | https://www.molsoncoors.com |
| Carlsberg A/S Class B | View profile | 32982 | J.C. Jacobsens Gade 1, Copenhagen, Denmark, 1799 | https://www.carlsberggroup.com |
| Anheuser-Busch InBev SA/NV | View profile | 155000 | Brouwerijplein 1, Leuven, Belgium, 3000 | https://www.ab-inbev.com |
| Asahi Group Holdings Ltd | View profile | 34728 | 1-23-1, Azumabashi, Sumida-ku, Tokyo, Japan, 130-8602 | http://www.asahigroup-holdings.com |
| Constellation Brands Inc Class A | View profile | 10600 | 207 High Point Drive, Building 100, Victor, New York, NY, United States, 14564 | https://www.cbrands.com |
| Diageo PLC | View profile | 30269 | 16 Great Marlborough Street, London, United Kingdom, W1F 7HS | https://www.diageo.com |
| Pernod Ricard SA | View profile | 20617 | 5, Cours Paul Ricard, Paris, France, 75008 | https://www.pernod-ricard.com |
| Suntory Beverage & Food Ltd | View profile | 24641 | 3-1-1 Kyobashi, Tokyo Square Garden, Chuo-ku, Tokyo, Japan, 104-0031 | http://www.suntory.co.jp |
Global alcoholic drinks market size, by regions, 2021-2033 (US$M)
Top 10 countries: Alcoholic drinks market size, 2024 (US$M)
Global alcoholic drinks market share, by type, 2024 & 2033 (%, US$M)
Alcoholic drinks market: Opportunity assessment by country
Global alcoholic drinks market, by region, 2024 (US$M)
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