The global alcoholic beverages market was valued at $1,439 billion in 2017, and is expected to reach $1,684 billion by 2025, registering a CAGR of 2.0% from 2018 to 2025.
How big is the alcoholic beverage market?
The alcoholic beverages market in US is expected to grow by USD 64.01 billion during 2020-2024, expanding at a CAGR of almost 5%.
How much is the drinks industry worth?
the U.S. market for soft drinks accounted for about 28.0% of the global market revenue in 2015. Carbonated Beverages Market – The global carbonated beverages market size was valued at USD 406.89 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2020 to 2027.
What is the size of the vodka market?
– Amid the COVID-19 crisis, the global market for Vodka estimated at US$45 Billion in the year 2020, is projected to reach a revised size of US$56. 4 Billion by 2027, growing at a CAGR of 3.3% over the period 2020-2027. – The Vodka market in the U.S. is estimated at US$12.2 Billion in the year 2020.
How big is the wine and spirits industry?
The global luxury wines and spirits market size was valued at $970 billion in 2019, and is anticipated to reach $1,411 billion by 2027, with a CAGR of 4.9% during the forecast period.
What is the largest selling alcoholic beverage?
The biggest selling liquor brand in the world is Jinro Soju. Now, whilst we love Soju and are huge advocates of drinking Soju, this still surprised us a lot! Jinro sells 70 million-plus cases a year (more than double its closes rival).
What type of alcohol sells the most?
America’s most popular liquor brands
- Smirnoff vodka. US retail sales in 2014: $315 million. …
- Captain Morgan rum. US retail sales in 2014: $224 million. …
- Jack Daniel’s whiskey. US retail sales in 2014: $219 million. …
- Bacardi rum. …
- Crown Royal whisky. …
- Absolut vodka. …
- Fireball Cinnamon Whisky. …
- Jim Beam bourbon.
Is the beverage industry growing?
The global food and beverages market is expected to grow from $5943.8 billion in 2019 to $6111.1 billion in 2020 at a compound annual growth rate (CAGR) of 2.9%. … The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $7527.5 billion in 2023.
How big is the global soft drink market?
Report Overview. The global carbonated soft drink market size was valued at USD 221.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2021 to 2028.
What is Coca Cola’s market share?
In 2019, Coca-Cola’s U.S. market share amounted to 43.7 percent. Other soft drink industry market shares may be found here.
How much vodka is sold in the US?
In 2019, 74.1 million 9-liter cases of vodka were sold in the United States, generating $6.6 billion in revenue for distillers.
How much vodka is consumed in the world?
Countries Who Consume the Most Vodka
|Rank||Country||Vodka Consumption Per Person (Shots Per Month, Source: Euromonitor)|
What country drinks the most alcohol?
Belarus consumes the most alcohol in the world of 14.4 liters per person per year.
Is the alcohol industry competitive?
The industry is characterized by mergers and acquisitions among the top players, making it highly competitive across the globe.
How much does the alcohol industry make?
Alcohol Beverage Industry Economic Impact
In the U.S. alone, the alcohol beverage industry is responsible for sustaining more than 4 million jobs and generating almost $70 billion in annual tax revenue.