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10 LARGEST GLOBAL SPIRITS COMPANIES (Based on current market capitalization) 1. LVMH Moët Hennessy Louis Vuitton . Paris, France 2. Kweichow Moutai. Maotai, China 3. Jiangsu Yanghe Brewery . Suqian, China 4. Anheuser-Busch. Leuven, Belgium
5. Diageo North America . London, England 6. Wuliangye Yibin Co. Ltd. Yibin, China 7. Altria. Richmond, Virginia 8. Pernod Ricard USA . Paris, France 9. Constellation Brands. Victor, New York 10. Brown-Forman . Louisville, Kentucky
THE HARD STUFF The hard seltzer market continues to grow at an unprecedented pace and is expected to reach $76.9 billion by 2033. Additional key takeaways on the market from a Future Market Insights report: • The hard seltzer market is particularly appealing to millennials and Gen Z consumers, who prioritize low-calorie and light beverages. • The hard seltzer market is segmented based on alcohol content, with 5% to 6.9% ABV (alcohol by volume) hard seltzers generating the most revenue, accounting for 52% of market share in 2022. However, the sales of 1% to 4.9% ABV hard seltzers are projected to increase at a compound annual growth rate of around 24% between 2023 and 2032 due to the growing awareness of health concerns and the trend toward moderation, particularly in the United States. • The bottle segment is expected to record a compound annual growth rate of 3.4% due to low processing costs and easy handling. Glass bottles are a popular option because they can be reused and recycled and they are durable. • The o¬-trade distribution channel is the leading segment, generating 71%+ of global hard seltzer market sales in 2022. The segment’s growth was due to factors such as the well-established infrastructure of hypermarkets, supermarkets, convenience stores, and wine and spirit shops. • The on-trade distribution channel segment is projected to expand at a rate of more than 23.5% from 2022 to 2030, fueled by bars, clubs, hotels, and lounges.
SOURCE: Zippia
$1,609 BILLION 2023 revenue in the alcoholic drinks market BEER The market's largest segment at $610 billion in 2023 CHINA Country that generates the most revenue from alcoholic drinks 6.6% OF TOTAL REVENUE will be generated through online alcohol sales in 2023 42% OF SPENDING 25% OF VOLUME CONSUMPTION In the alcoholic drinks market will be attributable to out- of-home consumption–in bars and restaurants–by 2027 9.7 GALLONS Average alcoholic drinks volume per person in 2023 SIP ON THIS
– Statista
June 2023 • Inbound Logistics 13
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