MarkNtel Advisors recently published a detailed industry analysis of the Global GCC Alcoholic Drinks Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global GCC Alcoholic Drinks Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The GCC Alcoholic Drinks Market size is estimated to be around 9.9 billion in 2024 and estimated to grow at a CAGR of around 7.5% during the forecast period, i.e., 2024-30.
Key Findings in Global GCC Alcoholic Drinks Market:
- Historical Analysis: 2019–2022
- Base Year: 2023
- Forecast Period: 2024–2030
Leading Market Players- 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
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the GCC Alcoholic Drinks industry?
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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What segments define the Global GCC Alcoholic Drinks Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By 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)
According to report, Based on product type, spirits are expected to witness significant growth during the forecast period.
By 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)
According to report, The on-trade segment is expected to hold a major share of the GCC Alcoholic Drinks Market in the forthcoming period.
By 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)
Explore the Complete Global GCC Alcoholic Drinks Market Analysis Report – https://www.marknteladvisors.com/research-library/gcc-alcoholic-drinks-market.html
Geographical Analysis: Global GCC Alcoholic Drinks Market
By Country
- The UAE
- Qatar
- Oman
- Bahrain
Global GCC Alcoholic Drinks Industry Recent Development:
- In 2023, The UAE removed 30% municipality tax from all alcoholic beverages as well as the personal liquor licensing fees. Personal liquor licences are free-to-obtain for those eligible to legally purchase alcoholic beverages in Dubai.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Global GCC Alcoholic Drinks Market?
- How is the Global GCC Alcoholic Drinks Market expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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