Alcoholic Beverages Market Size, Share, Trends and Growth Outlook to 2032
The global alcoholic beverages market was valued at USD 2,313.2 billion in 2023 and is projected to rise from USD 2,527.0 billion in 2024 to USD 5,716.2 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.74% during the forecast period (2024–2032). In 2023, the Asia Pacific region held the largest market share, contributing 40.44% to global revenue. Furthermore, the U.S. market for alcoholic beverages is anticipated to grow considerably, reaching an estimated USD 702.96 billion by 2032, largely driven by the increasing consumption among urban populations.
