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Anticipated trends indicate that the Algeria alcoholic beverages market will achieve incremental growth of USD 2.1 billion, translating to a compound annual growth rate (CAGR) of around 7.9% during the forecast period of 2024 to 2029. Algeria’s alcoholic beverages market is shaped by cultural and religious factors, limiting alcohol consumption to certain demographic segments. Howeve… Read More
A surge in demand is expected to drive the Angola alcoholic beverages market upward, with an estimated growth of USD 3.5 billion and a compound annual growth rate (CAGR) approaching 10.3% through 2029. Angola’s alcoholic beverages market is driven by a growing middle class and increasing disposable incomes, particularly in urban areas. Beer remains the… Read More
A rapid growth trajectory is forecasted for the Argentina alcoholic beverages market, with incremental gains of USD 136.8 billion and a compound annual growth rate (CAGR) nearing 37.5% over the next five years. The alcoholic beverages market in Argentina continues to expand, driven by a growing middle class and an increasing preference for premium wines…. Read More
Forecasted to grow at a moderate pace, the Asia Pacific alcoholic beverages market size is expected to reach USD 1,514.1 billion by 2029, up from USD 1,072.2 billion in 2023, resulting in a CAGR of 5.9%. The Asia Pacific region is seeing rapid growth in the alcoholic beverages market, propelled by rising disposable incomes and… Read More
Insights reveal that the Australia alcoholic beverages market is set for a healthy expansion, with an anticipated growth of USD 24.1 billion, corresponding to a compound annual growth rate (CAGR) of nearly 7.8% from 2024 to 2029. Australia’s alcoholic beverages market is driven by a growing preference for premium products, particularly craft beer, wine, and… Read More
Incremental growth of USD 2.8 billion is anticipated in the Austria alcoholic beverages market, which will expand at a CAGR of approximately 2.5% over the forecast period spanning 2024 to 2029. Austria’s alcoholic beverages market is heavily driven by its rich wine-producing tradition, with Austrian wines gaining international recognition. The beer market is also robust… Read More
The Azerbaijan alcoholic beverages market is projected to expand from USD 1,309.2 million in 2023 to USD 2,031.8 million by 2029, achieving a compound annual growth rate (CAGR) of 7.6% during the period from 2024 to 2029. The demand for alcoholic beverages is growing due to rising disposable incomes and changing social norms. Urbanization and… Read More
Expected to see substantial growth, the Bahrain alcoholic beverages market is anticipated to move from USD 1,250.5 million in 2023 to USD 1,919.2 million by 2029, corresponding to a CAGR of 7.4%. Bahrain’s alcoholic beverages market is influenced by its relatively small but affluent population, with expatriates being a key driver of alcohol consumption. Beer,… Read More
Anticipated to grow steadily, the Bangladesh alcoholic beverages market is expected to rise from USD 1,586.0 million in 2023 to USD 2,275.4 million by 2029, with a CAGR of 6.2% throughout the forecast period. The alcoholic beverages market in Bangladesh is expanding slowly, driven by increased urbanization and rising disposable incomes, particularly in cities like… Read More
Forecasts highlight a favorable growth outlook for the Belarus alcoholic beverages market, with a projected increase of USD 2.0 billion and a compound annual growth rate (CAGR) close to 7.1% through 2029. The alcoholic beverages market is witnessing gradual growth due to increasing disposable income and a shift toward Western-style drinking habits. Beer remains the… Read More
The forecast period from 2024 to 2029 suggests that the Belgium alcoholic beverages market will see a slight growth trajectory, with an anticipated increase of USD 1.3 billion and a CAGR of around 1.6%. Belgium is renowned for its world-class beer culture, with both domestic and international consumers driving demand for premium, craft, and specia… Read More
The Bolivia alcoholic beverages market is on track for a substantial increase of USD 1.8 billion, indicating a compound annual growth rate (CAGR) of roughly 8.3% during the forecast period from 2024 to 2029. Bolivia’s alcoholic beverages market is relatively underdeveloped compared to its regional neighbors but is experiencing growth. Increasing disposable incomes, especially in… Read More
The Bosnia and Herzegovina alcoholic beverages market is on track for slight growth, expected to expand from USD 1,609.5 million in 2023 to USD 1,978.5 million by 2029, with a CAGR of 3.5% during the evaluated period. The alcoholic beverages market in Bosnia and Herzegovina is growing, supported by rising disposable incomes and a strong… Read More
Forecasts highlight a favorable growth outlook for the Brazil alcoholic beverages market, with a projected increase of USD 60.5 billion and a compound annual growth rate (CAGR) close to 7.2% through 2029. In Brazil, the alcoholic beverages market benefits from a large and diverse consumer base. Beer is the most popular alcoholic drink, but there… Read More
The market for alcoholic beverages is set for moderate growth, with projections indicating an increase of USD 2.7 billion and a compound annual growth rate (CAGR) nearing 7.7% over the forecast period. In Bulgaria, the market for alcoholic beverages is being driven by the growing middle class and increasing disposable incomes. Beer is the most… Read More
Insights reveal that the Cambodia alcoholic beverages market is set for a healthy expansion, with an anticipated growth of USD 3.2 billion, corresponding to a compound annual growth rate (CAGR) of nearly 8.6% from 2024 to 2029. The market for alcoholic beverages is driven by a growing younger population with increasing disposable incomes and a… Read More