Key Highlights
- The global alcoholic beverages market was valued at approximately $1.4 trillion in 2022
- Beer accounts for about 44% of the global alcoholic drinks market share
- The non-alcoholic beverage segment grew by 6.2% in 2022 worldwide
- The coffee shop industry in the US generated approximately $47.5 billion in revenue in 2022
- The global sparkling water market was valued at $15.8 billion in 2022 and is expected to grow annually by 12.3% until 2028
- Spirits account for about 34% of the global alcoholic drinks revenue
- The craft beer segment saw a 7.2% increase in production volume in 2022 in the US
- The global tea market was valued at approximately $50 billion in 2022, with an anticipated CAGR of 4.2% through 2028
- The tobacco and alcohol sector combined accounts for roughly 15% of the global retail sales in consumer goods
- The global energy drink market was valued at $55 billion in 2022, with an expected CAGR of 7.2% until 2030
- The convenience store sales of bottled water in the US hit $6.3 billion in 2022, representing a 4% increase from the previous year
- Approximately 80% of coffee consumed in the US is purchased from chain coffee shops
- The global wine market was valued at $385 billion in 2022, with a projected CAGR of 3.1% through 2028
The drinks industry is experiencing unprecedented growth and diversification, with global markets valued at over $1.4 trillion in 2022, fueled by the booming demand for craft, organic, and health-conscious beverages across every corner of the world.
Consumer Preferences and Behavioral Insights
- About 65% of wine consumers worldwide prefer red wine, with preference rates higher in Europe and North America
- Sales of organic spirits increased by 5.4% in 2022, reflecting consumer interest in naturally produced products
Consumer Preferences and Behavioral Insights Interpretation
Consumption Trends
- Approximately 80% of coffee consumed in the US is purchased from chain coffee shops
- The demand for organic tea increased by 9.3% in 2022 across several markets, emphasizing health-conscious choices
- The demand for gluten-free alcoholic beverages increased by 7.5% in 2022, reflecting dietary trends
Consumption Trends Interpretation
Geographical Markets and Consumption Trends
- Alcohol consumption per capita in France is approximately 12.2 liters per year, among the highest globally
- The global agreement on wine distribution and trade increased alcohol exports by 4% in 2022
- The average price of a beer in European pubs is around €4.50 per pint, varying by country
- The global beer consumption per capita is about 74 liters annually, with Czechia having the highest per capita consumption at around 140 liters
- Approximately 60% of global coffee consumption is exported from Brazil, Vietnam, and Colombia, making these countries key players
Geographical Markets and Consumption Trends Interpretation
Market Segments and Product Types
- The average price for a craft cocktail in upscale venues is approximately $12 in the US, indicating premium pricing trends
Market Segments and Product Types Interpretation
Market Size, Valuation, and Growth Metrics
- The global alcoholic beverages market was valued at approximately $1.4 trillion in 2022
- Beer accounts for about 44% of the global alcoholic drinks market share
- The non-alcoholic beverage segment grew by 6.2% in 2022 worldwide
- The coffee shop industry in the US generated approximately $47.5 billion in revenue in 2022
- The global sparkling water market was valued at $15.8 billion in 2022 and is expected to grow annually by 12.3% until 2028
- Spirits account for about 34% of the global alcoholic drinks revenue
- The craft beer segment saw a 7.2% increase in production volume in 2022 in the US
- The global tea market was valued at approximately $50 billion in 2022, with an anticipated CAGR of 4.2% through 2028
- The tobacco and alcohol sector combined accounts for roughly 15% of the global retail sales in consumer goods
- The global energy drink market was valued at $55 billion in 2022, with an expected CAGR of 7.2% until 2030
- The convenience store sales of bottled water in the US hit $6.3 billion in 2022, representing a 4% increase from the previous year
- The global wine market was valued at $385 billion in 2022, with a projected CAGR of 3.1% through 2028
- The number of craft breweries in the US surpassed 9,000 in 2022, an increase of over 15% from the previous year
- Globally, the demand for coconut water increased by 11.5% in 2022, driven by health trends
- The total number of licensed bars and pubs in the UK was approximately 45,000 in 2022, showing a slight decline from previous years
- The global ready-to-drink (RTD) cocktails market was valued at $10.8 billion in 2022 and is growing rapidly
- The organic beverage segment, including juices and teas, grew by 9.8% globally in 2022, driven by increasing health consciousness
- The market share of cider in the global alcoholic beverage market was approximately 7% in 2022, showing steady growth
- The global kombucha market was valued at $1.8 billion in 2022 and is expected to grow at a CAGR of 19.7% through 2028
- The number of coffee shops in China increased by approximately 12% in 2022, reaching over 4,400 outlets
- The global ready-to-drink coffee market is projected to reach $38 billion by 2028, growing at a CAGR of 7.5%
- The global apple cider market is expected to reach $7.3 billion by 2027, growing at a CAGR of 5.4%
- In the US, the craft distilling segment grew by 18% in 2022, producing over 3,000 new distilleries
- The global juice market was valued at $133 billion in 2022, with orange juice leading the segment
- The sales of flavored water in North America increased by 8% in 2022, driven by health trends and flavor innovation
- The global fortified wine market is projected to reach $19 billion by 2028, growing at a CAGR of 4.8%
- The global market for premium spirits has expanded by 13% in 2022, with investors increasing brand acquisitions
- The global coconut water market is expected to reach $5 billion by 2027, growing at a CAGR of 8.5%
- The global fruit juice market is projected to reach $194 billion by 2029 with a CAGR of 6.2%
- The global cocktail market was valued at $58 billion in 2022, expected to reach $82 billion by 2028, growing at a CAGR of 6.2%
- The global market share of organic spirits is growing at a CAGR of 12% annually, driven by consumer interest in natural ingredients
- The total global hot beverage market, including coffee and tea, is projected to reach $935 billion by 2027
- The European wine export volume increased by 2.8% in 2022, highlighting strong international demand
- The plant-based beer segment accounted for about 2.5% of total beer sales globally in 2022, with growth driven by health and environmental concerns
- The global market for functional beverages, including probiotic drinks and fortified waters, is valued at $93 billion in 2022, with rapid growth expected
- The US organic beverage market accounts for approximately 12% of the total beverage industry sales in 2022, showing increasing consumer shift toward organic products
Market Size, Valuation, and Growth Metrics Interpretation
Product Types
- The average alcohol content in whiskies worldwide is around 40%, with premium brands reaching higher levels
- The average alcohol volume in vodka is approximately 40%, with some premium brands reaching 50%
Product Types Interpretation
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