Global Alcoholic Beverages Market to Reach USD 1,813.3 Billion by the end of 2024
According to a recent report published by Fast.MR, titled, Global Alcoholic Beverages Market 2018: Market Size, Trends, Opportunity, Forecast 2018-2024, the global alcoholic beverages market accounted for USD 1,474.2 Billion in 2019 and is estimated to reach USD 1,813.3 Billion by 2024. Moreover, it is anticipated to flourish at a CAGR of 4.4% during the forecast period i.e. 2019-2024. The global alcoholic beverages market has been segmented based on product type and distribution channels. Based on the product type, this market has been segmented into malts, wine, distilled spirits, whiskey, vodka, rum, and others. The distilled spirits segment accounted for the highest market share in 2018 and is anticipated to continue its dominance during the forecast period. In the distribution channel segment, the on-premise segment captured a significant share of the overall market in 2018. In addition to that, the market value of the global alcoholic beverages market for an on-p...