Category: Press Release

Evolve Business Intelligence has published a research report on the Global Alcoholic Soft Drinks Market, 2023–2033. The global Alcoholic Soft Drinks market is projected to exhibit a CAGR of around 5.87% during the forecast period of 2023 to 2033.

Evolve Business Intelligence has recognized the following companies as the key players in the global Alcoholic Soft Drinks Market: Fling Craft Cocktails, Crooked Beverage Co, Arctic Summer, Drty Drinks, Bloody Drinks, Long Shot Drinks, Lilo Beverages, Pampelle, Amìo Spritz, Ace Joker Cider.

Market Highlights

The Global Alcoholic Soft Drinks market is projected to be valued at USD 21.74 Billion by 2033, recording a CAGR of around 5.87% during the forecast period. Alcoholic soft drinks, also known as alcopops or flavored alcoholic beverages (FABs), are beverages that combine the characteristics of soft drinks with the addition of alcohol. These drinks typically have a lower alcohol content compared to traditional spirits or beer, making them more approachable to consumers who prefer milder alcoholic beverages. Alcoholic soft drinks often come in various flavors and are popular among young adults and individuals seeking a sweeter and more flavorful alcoholic option. They can include ingredients like carbonated water, fruit juices, flavors, sweeteners, and a base of distilled spirits or fermented alcoholic beverages. Examples of alcoholic soft drinks include flavored malt beverages, pre-mixed cocktails, and ready-to-drink (RTD) beverages.

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The COVID-19 pandemic had a notable impact on the Alcoholic Soft Drinks market, resulting in a mixture of challenges and opportunities. With restrictions on social gatherings, the closure of bars and restaurants, and reduced public events, the demand for Alcoholic Soft Drinks experienced a decline as consumers had limited opportunities for socializing and partying. The closure of on-premise establishments and restrictions on alcohol sales in some regions further impacted the market. However, the pandemic also led to shifts in consumer behavior, with individuals opting for at-home consumption and seeking convenient and ready-to-drink options. This trend resulted in an increased demand for packaged Alcoholic Soft Drinks that could be enjoyed in the comfort of one’s home. Additionally, the e-commerce channel witnessed growth, with more consumers purchasing Alcoholic Soft Drinks online. Overall, while the market faced challenges due to pandemic-related restrictions, it also saw opportunities emerging from changing consumption patterns and the growing preference for home-based entertainment.

Segmental Analysis

The global Alcoholic Soft Drinks market has been segmented based on Product Type, and Distribution Channel.

Based on Product Type, the Alcoholic Soft Drinks market is segmented into Beer-Based Soft Drinks, Cider-Based Soft Drinks, and Spirit-Based Soft Drinks. The Spirit-Based Soft Drinks segment is expected to have a larger market share throughout the forecast period.

Based on Distribution Channel, the global Alcoholic Soft Drinks market has been divided into Bars, Pubs and restaurants, Retail stores, and Online platforms. The Retail store segment is anticipated to dominate the market.

For More Information: https://evolvebi.com/product/alcoholic-soft-drinks-market-2021-2033-trends-and-predictions/

Regional Analysis

The Alcoholic Soft Drinks market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. In North America, the market for Alcoholic Soft Drinks has seen growth with the popularity of flavored malt beverages and ready-to-drink cocktails. Europe has a mature market for these beverages, with a wide range of options available and a strong demand for innovative and premium offerings. The Asia-Pacific region has witnessed significant growth in recent years, driven by the rising young adult population, increasing disposable incomes, and evolving consumer preferences. South America has a growing market for Alcoholic Soft Drinks, with flavored alcoholic beverages gaining popularity among consumers. In the Middle East & Africa region, the market for Alcoholic Soft Drinks is relatively nascent, but there is increasing demand for these beverages as consumers seek variety and novelty. Understanding the regional variations and preferences is essential for companies operating in the Alcoholic Soft Drinks market to tailor their products and marketing strategies accordingly.

Evolve Business Intelligence has published a research report on the Global Hard Seltzers Market, 2023–2033. The globalHard Seltzers market is projected to exhibit a CAGR of around 23.1%during the forecast period of 2023 to 2033.

Evolve Business Intelligence has recognized the following companies as the key players in the global Hard Seltzers Market: Mark Anthony Brands International; Anheuser-Busch InBev; The Coca-Cola Company; Diageo plc; Heineken N.V.; The Boston Beer Company; Molson Coors Beverage Company; Constellation Brands, Inc.; Kopparberg; San Juan

Market Highlights

The global Hard Seltzers market is projected to be valued at USD 58.3 Billion by 2033, recording a CAGR of around 23.1% during the forecast period. Hard Seltzers are a type of alcoholic beverage that has gained popularity in recent years. They are typically made by combining carbonated water, alcohol, and flavorings. Hard Seltzers are known for their light, refreshing taste and lower calorie content compared to traditional alcoholic beverages.

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The COVID-19 pandemic had both positive and negative impacts on the Hard Seltzer market. On one hand, the pandemic led to the closure of bars, restaurants, and other on-premise consumption venues, which resulted in a decline in overall sales. With people spending more time at home due to lockdowns and restrictions, the consumption of alcoholic beverages shifted towards off-premise settings.

On the other hand, the pandemic also created opportunities for the Hard Seltzer market. With a growing focus on health and wellness, consumers sought out lighter and lower-calorie alcoholic beverage options. Hard Seltzers, with their lower sugar content and refreshing flavors, appealed to consumers looking for a healthier alternative. As a result, the demand for Hard Seltzers increased, especially through e-commerce channels and retail stores.

Segmental Analysis

The global Hard Seltzers market has been segmented based on ABV Content, and Distribution Channel.

Based on the ABV Content, the Hard Seltzers market is segmented into 1.0 To 4.9%, 5.0 To 6.9%. The IMFL segmentis expected to have the larger market share throughout the forecast period.

Based on Distribution Channel, the global Hard Seltzers market has been divided into Off-trade, On-trade. The Government Controlled segment is anticipated to dominate the market.

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Regional Analysis

The Hard Seltzers market is divided into five regions: North India, Europe, Asia-Pacific, South India, and Middle East, &Africa. Among these regions, The consumption and popularity of Hard Seltzers can vary across regions. The market for Hard Seltzers initially gained significant traction in the United States, where it was pioneered by several brands. The U.S. market for Hard Seltzers continues to be the largest and most mature, with a wide variety of brands and flavors available. In recent years, the trend of Hard Seltzers has spread to other regions, including Europe, Asia-Pacific, and Latin America. Each region has its unique preferences and market dynamics. In Europe, countries like the United Kingdom, Germany, and Spain have witnessed an increasing demand for Hard Seltzers, driven by the popularity of ready-to-drink beverages and a growing interest in healthier drinking options. In Asia-Pacific, markets such as Australia, New Zealand, and Japan have seen the emergence of local Hard Seltzer brands as well as the entry of international players. The younger demographics and increasing health consciousness in these regions contribute to the growing demand for Hard Seltzers. Latin America, particularly countries like Mexico and Brazil, has also witnessed the rise of the Hard Seltzer market. The warm climate and the preference for light, refreshing beverages make Hard Seltzers appealing to consumers in these regions.

Evolve Business Intelligence has published a research report on the Global Zero Sugar Drinks Market, 2023–2033. The global Zero Sugar Drinks market is projected to exhibit a CAGR of around 7.3% during the forecast period of 2023 to 2033.

Evolve Business Intelligence has recognized the following companies as the key players in the global Zero Sugar Drinks Market: Arizona Beverage Company, Asahi Group Holdings Ltd, Bisleri International, Jones Soda Co, Keurig Dr. Pepper Inc, Kofola CeskoSlovensko, PepsiCo Inc, Refresco Group, Suntory Group, The Coca-Cola Company.

Market Highlights

The Zero Sugar Drinks market is projected to be valued at USD 268.40 Billion by 2033, recording a CAGR of around 7.3% during the forecast period.

Zero-sugar drinks, also known as sugar-free or no-sugar beverages, are beverages that contain no added sugars or have negligible amounts of sugar. These drinks are designed to provide flavor and refreshment without the caloric content associated with regular sugary drinks. They are often marketed as healthier alternatives to traditional sugary sodas, juices, and other sweetened beverages. Zero-sugar drinks can be found in various forms, including carbonated soft drinks, energy drinks, flavored water, iced teas, and sports drinks. They are typically sweetened using non-nutritive sweeteners such as aspartame, sucralose, stevia, or a combination of these. These sweeteners provide sweetness without contributing significant calories.

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The COVID-19 pandemic significantly impacted the flavored alcoholic drinks market. With the implementation of lockdowns, social distancing measures, and restrictions on bars and restaurants, the consumption and demand for flavored alcoholic beverages were significantly affected. The closure of bars and restaurants led to a decline in on-trade sales, which heavily impacted the market. Consumers’ purchasing behavior shifted towards at-home consumption, with a preference for more essential products, resulting in a decrease in demand for non-essential and discretionary items like flavored alcoholic drinks. However, there was a surge in online sales and home delivery services, which provided some opportunities for the market. As the pandemic situation evolves and restrictions ease, the flavored alcoholic drinks market is expected to gradually recover, but it may take time to regain pre-pandemic levels due to changing consumer preferences and ongoing uncertainties.

Segmental Analysis

The global Zero Sugar Drinks market has been segmented based on Type, Flavor, Distribution Channel, and region.

Based on the Type, the Zero Sugar Drinks market is segmented based on Soft Drinks, Energy Drinks, Sports drinks, and Carbonated Water. Energy Drinks are expected to have the largest market share throughout the forecast period, while Sports Drink based is expected to grow at the fastest rate.

Based on the Flavor, the global Zero Sugar Drinks market has been divided into Cola, Lime, Orange, Lemonade, and Others. The Lemonade segments are anticipated to dominate the market.

Based on the Distribution Channel, the global Zero Sugar Drinks market has been divided into Hypermarkets/Supermarkets, Convenience Stores, Independent Retailers, and Others. The Convenience Stores segments are anticipated to dominate the market.

For More Information: https://evolvebi.com/product/zero-sugar-drinks-market-2021-2033-trends-and-prediction/

Regional Analysis

The Zero Sugar Drinks market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. North America, particularly the U.S., has been a significant market for zero-sugar drinks, driven by increasing health consciousness, growing concerns about obesity, and a preference for healthier beverage options. The demand for zero-sugar drinks in this region is supported by a well-developed beverage industry and a strong consumer base. In Europe, there is a similar trend of rising health awareness and the desire for healthier beverage choices. Countries such as the U.K., Germany, and France have witnessed substantial growth in the zero-sugar drinks market, with consumers seeking alternatives to sugary drinks and looking for options that align with their wellness goals. Asia-Pacific is a diverse region with varying market dynamics. Countries such as Japan, South Korea, and Australia have seen a surge in demand for zero-sugar drinks, driven by health-conscious consumers and a preference for functional and low-calorie beverages. In emerging markets like India and China, the adoption of zero-sugar drinks is gradually increasing as consumers become more health-conscious. Latin America presents opportunities for the zero-sugar drinks market due to the region’s growing middle class, urbanization, and changing lifestyles. Countries like Brazil and Mexico have witnessed increased demand for healthier beverage options, including zero-sugar drinks. The Middle East and Africa region is also witnessing a growing interest in zero-sugar drinks, driven by urbanization, a rise in disposable income, and changing consumer preferences. Health concerns and the desire for healthier alternatives are contributing to the market growth in this region.

Evolve Business Intelligence has published a research report on the Global Distilled Spirits Market, 2023–2033. The global Distilled Spirits market is projected to exhibit a CAGR of around 5.85% during the forecast period of 2023 to 2033.

Evolve Business Intelligence has recognized the following companies as the key players in the global Distilled Spirits Market: Bacardi, Edrington, Brown-Forman, Pernod Ricard, Marie Brizard Wine and Spirits, Diageo, William Grant and Sons, Kweichow Moutai, LVMH, La Martiniquaise, Remy Cointreau, Constellation Brands, Beam Suntory.

Market Highlights

The Global Distilled Spirits market is projected to be valued at USD 63.21 Billion by 2033, recording a CAGR of around 5.85% during the forecast period. Distilled spirits, commonly known as hard liquor or liquor, are alcoholic beverages produced through the process of distillation. This method involves heating a fermented mixture, such as grains, fruits, or vegetables, to separate and concentrate the alcohol from other components. The resulting liquid, known as the distillate or “spirit,” possesses a higher alcohol content compared to fermented beverages like beer or wine. Distilled spirits encompass a diverse range of alcoholic drinks, including whiskey, vodka, rum, tequila, gin, brandy, and more. Each type of spirit has its unique production methods, ingredients, and flavors, offering a wide variety of choices to consumers seeking different taste profiles and experiences.

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The COVID-19 pandemic had a substantial impact on the distilled spirits market. With the implementation of lockdowns, social distancing measures, and the closure of bars, restaurants, and other hospitality establishments, the demand for distilled spirits experienced a significant decline. On-trade sales, which typically account for a significant portion of the market, were severely affected due to limited or restricted access to venues. Consumers’ purchasing behavior shifted towards at-home consumption, resulting in an increase in off-trade sales through retail channels and online platforms. However, the overall market volume and revenue were negatively impacted by reduced consumer spending, economic uncertainty, and disruptions in supply chains. As the pandemic situation evolves and restrictions are lifted, the distilled spirits market is expected to recover gradually, but it may take time to regain pre-pandemic levels due to ongoing challenges and shifts in consumer preferences and behaviors.

Segmental Analysis

The global Distilled Spirits market has been segmented based on Type, and Distribution Channel.

Based on Type, the Distilled Spirits market is segmented into Whiskey, Vodka, Rum, Gin, Tequila, and Brandy. The Whiskey segment is expected to have a larger market share throughout the forecast period.

Based on Distribution Channel, the global Distilled Spirits market has been divided into Supermarkets and Hypermarkets, Specialty Stores, Online Stores, and Convenience Stores. The Specialty Stores segment is anticipated to dominate the market.

For More Information: https://evolvebi.com/product/distilled-spirits-market-2021-2033-trends-and-predictions/

Regional Analysis

The Distilled Spirits market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. North America, particularly the U.S., is a significant market for distilled spirits, with a diverse range of products and a strong consumer base. The region is known for its consumption of whiskey, vodka, and other spirits, with a growing interest in craft and premium offerings. Europe has a rich tradition of distilled spirits, with countries such as Scotland, Ireland, and France known for their whiskey, vodka, brandy, and other traditional spirits. The region also embraces a culture of wine and spirits appreciation, with a strong market for both local and imported products. Asia-Pacific presents opportunities for the distilled spirits market due to its large population, rising disposable incomes, and evolving consumer preferences. Countries such as China, Japan, South Korea, and India have seen significant growth in the consumption of spirits, including whiskey, vodka, and premium offerings. South America has a vibrant market for distilled spirits, with countries like Brazil and Argentina known for their production of rum, cachaça, and pisco. The region also has a growing interest in craft spirits and premium offerings, driven by changing consumer tastes and an increasing middle-class population. The Middle East & Africa region has a diverse market for distilled spirits. While alcohol consumption is influenced by cultural and religious factors in some areas, there are still opportunities for spirits consumption in certain markets and among non-Muslim populations. Countries like South Africa, Nigeria, and the UAE have seen growth in the demand for spirits, including whiskey, vodka, and other premium offerings.