The GCC Alcoholic Drinks Market projections are derived from thorough study and by analyzing the details or factual facts or statistics related to the industry. MarkNtel Advisors strives to provide every niche detail related to the key dynamics & several vital aspects of the industry, further aiding the shareholders to make informed decisions.
How Would GCC Alcoholic Drinks Market Transform in the Forecast Years?
The GCC Alcoholic Drinks Market size is estimated to be around 300 million liters in 2023 and estimated to grow at a CAGR of around 7.5% during the forecast period, i.e., 2024-30.
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GCC Alcoholic Drinks Market Driver:
Rising Expatriate Population in GCC Region Fueling the Growth of the Alcoholic Drinks Market – The expatriate population in the GCC region is attributed to various factors including the expanding economy, and continuous investment for diversification leading to the rapid growth of various industries, resulting in the increasing demand for workforce in the region. Over the years, the non-GCC citizen population has increased due to job opportunities and employment benefits. According to the ISI World Statistics Congress in 2021, the expatriates made up more than half around 50.9% of the total population in the GCC region which was around 46.6% of the total population in 2010.
Expatriates coming from diverse regions have different preferences due to their cultural background has led to the demand for various food & beverages including alcoholic drinks such as beer, wine, etc. Hence, to meet the demand for these beverages, alcoholic drinks manufacturers extended the import and distribution activities in this region. GCC region’s growing economy and rising non-GCC population would further accelerate the market in the forecast period.
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Discover the Promising Segmentations for the GCC Alcoholic Drinks Industry
The GCC Alcoholic Drinks Market segmentations involve various fragmentations and their further bifurcations. This division enables businesses to customize their products, services, and marketing strategies.
Based on Product Type
– Beer – Market Size & Forecast 2019-2030, (Quantity Sold in Million Liters & Revenues in USD Million)
– Spirits – Market Size & Forecast 2019-2030, (Quantity Sold in Million Liters & Revenues in USD Million)
– Cider – Market Size & Forecast 2019-2030, (Quantity Sold in Million Liters & Revenues in USD Million)
– Wines – Market Size & Forecast 2019-2030, (Quantity Sold in Million Liters & Revenues in USD Million)
– Pre-Mixed Drinks – Market Size & Forecast 2019-2030, (Quantity Sold in Million Liters & Revenues in USD Million)
Based on Distribution Channel
– On-Trade – Market Size & Forecast 2019-2030, (Quantity Sold in Million Liters & Revenues in USD Million)
– Off-Trade – Market Size & Forecast 2019-2030, (Quantity Sold in Million Liters & Revenues in USD Million)
— Hypermarkets & Supermarkets – Market Size & Forecast 2019-2030, (Quantity Sold in Million Liters & Revenues in USD Million)
— Specialty Stores – Market Size & Forecast 2019-2030, (Quantity Sold in Million Liters & Revenues in USD Million)
Based on Packaging
– Bottles – Market Size & Forecast 2019-2030, (Quantity Sold in Million Liters & Revenues in USD Million)
– Tin Cans – Market Size & Forecast 2019-2030, (Quantity Sold in Million Liters & Revenues in USD Million)
Leading Competitors Innovating the GCC Alcoholic Drinks Industry
This section concludes with the GCC Alcoholic Drinks Market companies aiming to distinguish themselves through ongoing research, innovation, and investment efforts. Some of the leading players are:
Heineken NV, Anheuser-Busch InBev NV, Diageo PLC, Asahi Group Holdings Ltd., Pernod Ricard Groupe, Carlsberg A/S, Aujan Industries, LVMH Moët Hennessy, Bacardi & Co., Molson Coors Brewing Co, and others.
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Scrutinizing the GCC Alcoholic Drinks Market’s Regional Landscape
This section covers the informed analysis of the market’s geographies. They are:
– The UAE
– Qatar
– Oman
– Bahrain
Key Questions Addressed in the GCC Alcoholic Drinks Market Research Report:
- What is the estimated size, share, and CAGR of the GCC Alcoholic Drinks Market during the forecast period?
- What key trends are projected to impact the GCC Alcoholic Drinks Market from 2024 to 30?
- Which segments and sub-segments are considered in the GCC Alcoholic Drinks Market research study?
- Who are the key stakeholders and players in the GCC Alcoholic Drinks Market?
- What is the anticipated demand for different types of products/services in the GCC Alcoholic Drinks Market through 2030?
Note: The GCC Alcoholic Drinks Market report can be further customized to provide multi-dimensional insights tailored to clients’ specific requirements, aiding them in understanding industry prospects, overcoming market challenges, formulating effective strategies, and making informed decisions to maintain competitiveness.
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