The alcoholic beverages industry includes establishments that manufacture alcoholic beverages through the fermentation process and that produce distilled alcoholic beverages.
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The market is valued at $646 billion in 2017 due to the increasing demand for premium liquor beverages owing to increase in urban and middle-class population, growing economy and rising disposable income in Asian and African countries. Increasing applications of alcohol in pharmaceuticals, food and beverage industries and other industries is also a driving factor.
The alcoholic beverages market in The Business Research Company’s report is segmented into wine and brandy (wineries), beer (breweries) and sprits (distilleries). While the first two segments account for more than 70% of the market share, the remaining is attributed to the sprits (distilleries) segment.
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China was the largest country in the alcoholic beverages market in 2017, accounting for more than one-fifth of the market share. This was a result of the presence of a large number of wineries and breweries catering to a large consumer base in the country. China was followed by USA and Japan as the next largest countries in the market.
Anheuser Busch InBev was the largest company in the alcoholic beverages market, followed by Heineken and Diageo. Anheuser-Busch InBev is a brewery group involved in the production and sale of beer. The company’s growth strategy aims at introducing premium, specialty and craft brands by acquiring local breweries.
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