The Alcohol E-Commerce Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Alcohol E-Commerce Global Market Report 2024, The alcohol e-commerce market size has grown rapidly in recent years. It will grow from $56.72 billion in 2023 to $65.72 billion in 2024 at a compound annual growth rate (CAGR) of 15.9%. The growth in the historic period can be attributed to regulatory changes, changing consumer behavior, economic factors, marketing and advertising strategies, distribution network expansion.
The alcohol e-commerce market size is expected to see rapid growth in the next few years. It will grow to $120.61 billion in 2028 at a compound annual growth rate (CAGR) of 16.4%. The growth in the forecast period can be attributed to evolving regulatory landscape, continued shift in consumer behavior, global economic trends, innovative marketing strategies, expansion of distribution channels. Major trends in the forecast period include virtual tasting experiences, subscription and membership models, contactless delivery and pickup options, blockchain for supply chain transparency, social commerce integration.
An increase in the consumption of alcohol is expected to propel the growth of the alcohol e-commerce market going forward. Alcohol consumption refers to the consumption of beverages that contain ethyl alcohol. Alcohol e-commerce can encourage impulse purchases due to targeted advertising, promotional offers, and quick checkout processes. For instance, in April 2023, according to the Brewers Association, a US-based trade association, the retail dollar value for the craft beer category in 2022 was estimated at $28.46 billion, representing a 24.6% market share and 6% growth over 2021. Therefore, the increase in consumption of alcohol is driving the growth of the alcohol e-commerce market.
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The alcohol e-commerce market covered in this report is segmented –
1) By Alcohol Type: Wines And Champagnes, Spirits, Beers, Other Alcohol Types
2) By Price Point: Economy, Mid Range, Luxury
3) By Distribution Channel: Online Grocery, Online Alcohol Marketplaces, Licensed Specialty Retailers, Direct To Consumer Wine Online
Major companies operating in the alcohol e-commerce market are focused on developing technological innovations, such as e-commerce site, to gain a competitive edge in the market. An e-commerce site, also known as an online store or web shop, is a website where one can buy and sell products or services over the internet. For instance, in November 2023, DrinksOne, a UK-based distribution agency, launched E-Commerce Platform. The platform offers access to both consumers and trade accounts, bypassing the typical middlemen and potentially lower costs. This opens doors for diverse and exciting new beverages to reach a wider audience, potentially democratizing the drinks market.
The alcohol e-commerce market report table of contents includes:
1. Executive Summary
2. Alcohol E-Commerce Market Characteristics
3.Alcohol E-Commerce Market Trends And Strategies
4.Alcohol E-Commerce Market analysis
5.Alcohol E-Commerce Market Size And Growth
6.Alcohol E-Commerce Segmentation
7Alcohol E-Commerce. Regional And Country Analysis
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27.Alcohol E-Commerce Competitive Landscape And Company Profiles
28. Alcohol E-Commerce Key Mergers And Acquisitions
29.Alcohol E-CommerceFuture Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Costco Wholesale Corporation
- Anheuser-Busch InBev SA/NV
- Heineken N.V.
- Uber Technologies Inc.
- Diageo PLC
- Asahi Group Holdings Ltd.,
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