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Alcoholic Beverage Market Expected To Reach $1.5 Billion by 2022

By May 24, 2017Top News

The alcoholic beverage market is expected to reach $1,594 billion by 2020, according to a recent report from Allied Market Research. The report states the global increase in the young adult demographic coupled with a higher disposable income “fuel the global alcoholic beverage market.” The introduction of “healthier varieties” in beer and spirits is expected to grow the market, with beer expected to “maintain its dominance” during the forecasted period, according to the report. Major companies profiled in the report include Anheuser-Busch InBev, Bacardi Limited, Beam Suntory, Inc., Constellation Brands, Inc., Diageo, Heineken Holding, Molson Coors Brewing Co., Pernod Ricard, SabMiller Ltd. and United Spirits, Ltd.

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