Alcohol Market Overview, Analysis, Industry trends & Statistics, 2017-2024

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Alcohol Market Analysis, Trends and Forecast to
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Alcohol Market

• North America, led by U.S. dominates the alcohol
  market due to the increasing demand of liquor
  beverages and shift in trends of consumer habits
  in this region. Large presence of manufacturers
  is also a key driving factors for product market
  growth.
• In Europe, maximum consumption of beer by adults,
  positive income trends and trade of liquor in
  this region is likely to propel the alcohol
  market size in future. High excise duties, strict
  regulations on low quality of drinks and minimum
  prices of high quality liquor drinks are some of
  the key factors that will drive the product
  demand. Asia pacific, led by India and China are
  the potential market of liquor based beverages
  owing to product penetration by manufacturers,
  increasing consumption and changing consumer
  habits.

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• Application Analysis of Alcohol Market
• Growth in medical sector will fuel the alcohol
  market size owing to its usage for liquid
  preparation of cold and cough syrups, pain
  medication and in mouth washes to remove the
  germs from mouth, as it contains around 20 of
  ethanol. Increasing demand for automotive will
  drive product market due to its excessive use in
  high grade fuel in order to increase the fuel
  performance. Upsurge in industrial activity is
  likely to boost the product market demand as it
  is used in coatings, adhesives and printing inks
  owing to quick drying property.
• Increasing acceptance for the consumption of
  liquor in the cultural beliefs of consumers in
  developing regions is likely to propel the
  product market growth in future. Rising skin and
  health concerns results that consumers are
  switching to less calorie liquor drinks which has
  bound producers to introduce variety of pre-mixed
  cocktails with low calories level in the market.

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Competitive Market Share of Alcohol Market

• Key players in alcohol market include
  Anheuser-Busch, Beam Suntory, Accolade Wines,
  Bacardi, Constellation Brands, Carlsberg and
  China Resource Enterprise. Some other notable
  players include Diageo, Heineken, E. J. Gallo
  Winery, Vina Concha y Toro, Treasury Wine
  Estates, Torres, The Wine Group, SABMiller and
  Pernod Ricard. For an instance, In March 2017,
  Anheuser-Busch had announced national launch of
  best brewing flavors due to the high customers
  demand for the product.

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