Emerging Trends in GCC Alcoholic Drinks Market: Capitalizing on 7.5% CAGR Projections (2024-30)

Market Overview: GCC Alcoholic Drinks Market:

According to the latest report from MarkNtel Advisors, the GCC Alcoholic Drinks Market is projected to grow at a CAGR of approximately 7.5% from 2024-30. MarkNtel Advisors, renowned for evaluating business performance, product portfolios, operational segments, and industry developments, provides stakeholders with accurate market projections and estimates. This commitment to precise insights ensures stakeholders can make informed decisions and remain competitive in the rapidly evolving business environment.

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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Insights into Dominant Segments in the GCC Alcoholic Drinks Market

The comprehensive analysis of the GCC Alcoholic Drinks Market identifies profitable opportunities across various segments, categorized. This detailed segmentation allows potential investors to make informed decisions and optimize returns.

-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)

-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)

-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)

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GCC Alcoholic Drinks Market Geographical Reach:

The report also examines the market’s geographical landscape, analysing geographical that dominate in terms of size or volume or show promising future growth.

-By Country

• The UAE
• Qatar
• Oman
• Bahrain

Prominent GCC Alcoholic Drinks Market Competitive Landscape: and Their Strategic Outlook

The report identifies key players and provides an in-depth analysis of their business strategies, trends, innovations, and manufacturing infrastructure. This strategic analysis helps forecast the market presence of these players over the next five years.

• 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
• Others

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Key Questions Addressed in the Report

1. Current Market Size and Share: What is the current size and share of the GCC Alcoholic Drinks Market, and what growth trends are anticipated shortly?
2. Product/Service Demand: How does the demand for specific products/services in the GCC Alcoholic Drinks Market look, and what factors contribute to its growth or decline?
3. Market Forecast: What is the forecast for the GCC Alcoholic Drinks Market in terms of size, growth, and emerging trends over the next few years?
4. Market Evolution: How has the GCC Alcoholic Drinks Market evolved recently, and what are the latest developments that industry professionals should be aware of?
5. Demand Factors: What key factors contribute to the demand for the GCC Alcoholic Drinks Market, as outlined in the most recent research report?

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more 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.

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