The U.S. hangover cure products market size was estimated at USD 393.2 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 14.3% from 2023 to 2030. The rising demand for effective remedies to alleviate alcohol-induced discomfort, along with consumers s... Read More »
October 2023The global wine cork market size was valued at USD 5.7 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.6% from 2022 to 2028. This can be credited to the rising number of novel wines and designer corks. ... Read More »
September 2023The global rum market size was valued at USD 11.77 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. Factors such as increasing consumer interest and expanding cocktail culture are expected to drive the industry growth globally. Pr... Read More »
August 2023The global hard seltzer market size was estimated at USD 13.48 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 19.8% from 2023 to 2030. The surge in market demand for low-alcohol content beverages among millennials and the younger generation is propelle... Read More »
August 2023The global ready to drink cocktails market size was estimated at USD 853.2 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 14.0% from 2023 to 2030. The growing demand for flavored drinks with low alcohol content due to the rising health concerns is anti... Read More »
August 2023The global canned alcoholic beverages market size was valued at USD 14.62 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 19.1% from 2023 to 2030. Canned alcoholic beverages are gaining popularity among consumers since cans are more convenient, portable... Read More »
August 2023The global snus market size was estimated at USD 2.90 billion in 2022, and is expected to grow at a compound annual growth rate (CAGR) of 4.4% from 2023 to 2030. The rising popularity of snus as a result of the ease of the application it provides to its users is a major factor driving th... Read More »
July 2023The global hangover cure products market size was estimated at USD 2.05 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 14.8% from 2023 to 2030. The increasing consumption of alcohol across the world is one of the key factors fueling the demand for han... Read More »
July 2023The global tobacco market size was estimated at USD 867.55 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 2.1% from 2023 to 2030 due to the rising tobacco consumption in the developing regions of Asia and Africa. The excessive marketing campaigns run b... Read More »
July 2023The global premium spirit market size to be valued at USD 235.74 billion by 2027 and is expected to grow at a compound annual growth rate (CAGR) of 10.3% during the forecast period. The growing popularity of high-end drinks among the millennial population has been fueling market growth a... Read More »
July 2023The global canned wine market size to be valued at USD 571.8 million by 2028, expanding at a compound annual growth rate (CAGR) of 13.2% from 2021 to 2028. The rising demand for convenient, portable, and single-serve beverages is the key driver for the market growth. Growing consumer inc... Read More »
July 2023The global nicotine pouches market size was valued at USD 1.99 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 35.7% from 2023 to 2030. Growing interest in nicotine pouches among the young people who are trying to quit, coupled with growing interes... Read More »
June 2023Draught beer" or "draft beer” refers to beer that is served on tap, rather than being packaged in bottles or cans. Draught or draft beer is typically stored in kegs or barrels and is poured directly from the tap into a glass or mug for consumption. The demand for the global market ...Read More »
The gin market is undergoing significant evolution with the emergence of numerous distilleries in the global beverages industry. This trend is mainly driven by increased alcohol consumption worldwide among young and millennial populations worldwide. The alcoholic beverages market offers ...Read More »
The South Korea hangover cure products market size was valued at USD 288.11 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 17.2% from 2023 to 2030. The increasing consumption of alcoholic drinks in the country is a major factor driving the growth of th... Read More »
April 2023The global nicotine gum market was estimated at USD 1.30 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. The demand for nicotine replacement therapy (NRT) products, including nicotine gum, has been increasing globally in recent... Read More »
March 2023The global CBD pouches market size was valued at USD 112.6 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 18.5% from 2022 to 2030. CBD pouches are gaining traction among people as they are a safer alternative to smoking. Cannabidiol (CBD) is a non-ps... Read More »
August 2022The global disposable e-cigarettes market size was valued at USD 5.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.2% from 2022 to 2030. The growing demand for non-tobacco products owing to rising health concerns among consumers is expected to dr... Read More »
July 2022The global heated tobacco products market size to be valued at USD 77.61 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 52.56% during the forecast period. It is driven by the steady decrease in cigarette sales with rising demand for potentially reduced... Read More »
July 2022The global roll-your-own tobacco products market size was valued at USD 30.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.1% from 2022 to 2030... Read More »
July 2022The global smoking accessories market size was valued at USD 64.4 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030. The growth of the market is attributed to the increasing number of smokers around the world coupled with the r... Read More »
July 2022The global smokeless cigarettes market size was valued at USD 24.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 16.0% from 2022 to 2030. Growing consumer awareness about degenerating effect of tobacco consumption is expected to drive the market in ... Read More »
June 2022The global hard tea market size was valued at USD 1.99 billion in 2021 and is expected to grow at a CAGR of 24.7% during the forecast period from 2022 to 2030. Rising demand for better-for-you beverages coupled with growing awareness towards low content alcoholic beverages among the youn... Read More »
May 2022The global still wine market size was valued at USD 279.32 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.1% from 2022 to 2028. The market growth can be credited to the consumption of premium still wines. Additionally, the increasing number of win... Read More »
May 2022The global dark spirits market size was valued at USD 55.11 billion in 2021 and expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2022 to 2028. This can be attributed to the growing consumption of the dark spirits from the emerging economies such as China and India.... Read More »
May 2022The global airport duty-free liquor market size was valued at USD 6.15 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.4% from 2022 to 2028. The market growth can be credited to the rising number of travelers at airports. At the airport, the liquors are excluded from governmen... Read More »
May 2022The global alcoholic drinks market size was valued at USD 1,448.2 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.3% from 2022 to 2028. This can be credited to the growing consumption of premium beer from developed economies such as the U.S. and th... Read More »
May 2022The global beer market size was valued at USD 680.9 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.0% from 2022 to 2030. Beer consumption patterns have shifted dramatically, with declining consumption in traditional drinking countries and high gain... Read More »
April 2022The U.S. wine market size was valued at USD 63.69 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2022 to 2030. Wine consumption has become a sign of social status, especially among the millennials and young generation, which is driving the ... Read More »
April 2022The U.S. tobacco market size was valued at USD 75.9 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.4% from 2022 to 2030. As a result of changing consumer preferences, several manufacturers are marketing many novel products like cigars and cigarillo... Read More »
April 2022The global root beer market size was estimated at USD 728.1 million in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.6% from 2022 to 2030. The market growth is driven by the increasing demand for low-alcoholic beverages, the rising popularity of root beer a... Read More »
March 2022The global luxury cigar market size was valued at USD 11.61 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% from 2021 to 2028. A rise in luxury hotel establishments that comprise premium cigar lounges is expected to have a positive impact on the ... Read More »
December 2021The global black beer market size was valued at USD 25.96 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.9% from 2021 to 2028. A rise in demand for black beer for preventing diseases caused due to obesity is expected to have a positive impact on th... Read More »
December 2021The North America spirits market size was valued at USD 154.0 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7.7% from 2021 to 2028. The growing demand for premium products has been driving the growth of the market across the region. Consumers have bee... Read More »
November 2021The global wine market size was valued at USD 417.85 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2021 to 2028. The rising adoption of wine among all age groups from the young generation to the old age population across the globe is the k... Read More »
May 2021The global craft rum market size was valued at USD 1.06 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2020 to 2027. The rising interest in the authenticity of alcoholic drinks among the millennial consumers has been driving the market for ... Read More »
October 2020The global cognac market size was valued at USD 3.88 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 3.5% from 2020 to 2027. Increasing acceptance for premium alcoholic drinks among the millennials on a global level is expected to expand the market scop... Read More »
August 2020The global spiced rum market size was valued at USD 6.69 billion in 2019 and is anticipated to witness significant growth in the years to come. The market growth is majorly attributed to shifting consumer preference for premium alcoholic drinks. Shifting trend towards consuming a low qua... Read More »
April 2020The global vermouth market size was valued at USD 8.7 billion in 2019. Increasing popularity of cocktails with low-alcohol and aromatized with herbs and spices is projected to expand the market scope. Moreover, the demand for such fortified alcoholic beverages is propelled by various con... Read More »
April 2020The global Japanese whisky market size was valued at USD 600.2 million in 2018. While product demand continues to remain strong in Japan, interest in this variant has been growing around the globe. Factors such as increasing awareness regarding aged whisky and a growing taste for unique ... Read More »
January 2020The global honey wine market size was valued at USD 408.45 million in 2018. The market is estimated to expand further at a CAGR of 10.41% from 2019 to 2025. Honey wine, which is also called as mead, is fermented using honey. It has high nutritional content and antimicrobial properties, w... Read More »
September 2019The global champagne market size was valued at USD 5.5 billion in 2018. Increasing alcohol consumption in different parts of the world, fueled by increasing purchasing power, is expected to remain a key driving force. Rising spending by bars, hotels, lounges, and airline services to keep... Read More »
August 2019The global wine cooler market size was valued at USD 2.05 billion in 2018. Increasing consumption of wine across the world is one of the main factors fueling the product demand. Rising popularity of wine in countries such as the U.S., the U.K., Spain, Italy, South Africa, and Canada, esp... Read More »
July 2019The global premium lager market size was valued at USD 161.1 billion in 2018 and is anticipated to expand at a CAGR of 4.5% over the forecast period. The industry is driven by increasing demand among customers for lager beer on account of its authentic taste, visual appearance, brand sto... Read More »
July 2019The global beer kegs market size was valued at USD 45.2 billion in 2018. Shifting consumer preference toward premium beer and flavored varieties is a key factor driving the global market. The rising trend of on-premise sales is also expected to fuel market growth. The market is driv... Read More »
July 2019The global port wine market size was valued at USD 825.68 million in 2018 and is expected to witness a significant CAGR of 4.0% in the forecasted period. Increasing alcohol consumption is one of the major driving factors for the industry. Young consumers prefer to try different varieties... Read More »
July 2019The global clove cigarettes market size was valued at USD 99.45 billion in 2018 and is expected to expand at a CAGR of 4.5% from 2019 to 2025. The growth is attributed to increasing product launches driven by the growing demand for machine-made clove cigarettes. The majority demand is ge... Read More »
July 2019The global menthol cigarette market size was valued at USD 80.0 billion in 2018 and is expected to expand at a CAGR of 3.1% from 2019 to 2025. The market growth is attributed to factors like fresh, clean, cooling, and anesthetic (painkilling) effect, the ability of menthol to reduce the ... Read More »
July 2019The global smokeless tobacco products market size was valued at USD 13.6 billion in 2018 and is estimated to expand at a CAGR of 7.2% in the forecast period. Convenient use, lower cost, pleasant taste, and lower risk to health as compared to smoking tobacco are some of the factors drivin... Read More »
June 2019The global organic tobacco market size was valued at USD 141.8 million in 2018 and is expected to expand at a CAGR of 7.4% during the forecast period. Rising awareness among occasional as well as heavy smokers regarding the advantages of using organic flavored tobacco to quit smoking is ... Read More »
May 2019The global cider market size was estimated at USD 4.33 billion in 2018 and is anticipated to register a CAGR of 3.1% from 2019 to 2025. Increasing demand for premium spirits on account of rising per capita income as well as consumption of alcohol as a status symbol are among the major gr... Read More »
May 2019The global lager market size was valued at USD 366.94 billion in 2018. Rising demand for premium beer will boost the demand for a lager in the market. Moreover, consumer preferences, improving the standard of living, increasing disposable income, and changing lifestyles in developing eco... Read More »
May 2019The global white spirits market size was valued at USD 51.5 billion in 2018. Increasing urbanization in emerging countries such as China and India as well as new product launches in the category are the key driving factors in the market. Moreover, rising social acceptance of alcohol cons... Read More »
May 2019The global cigar and cigarillos market size was valued at USD 16.99 billion in 2018. It is expected to expand at a CAGR of 3.1% during the forecast period. The global market is expected to witness substantial growth owing to the increasing number of luxury hotels with cigar lounges. Foll... Read More »
April 2019The global whiskey market size was valued at USD 57.96 billion in 2018 and is projected to register a CAGR of 6.4% over the forecast period. This growth is driven by various factors, such as increasing disposable income levels and changing lifestyles and consumer preferences. The millenn... Read More »
February 2019The U.S. beer and cider market is expected to witness significant growth and was valued at USD 110.46 billion in 2016. Beer is popular in the U.S. and is sold widely compared to other spirits. Moreover, the market is driven by increased competition with various types of beers & cider... Read More »
January 2018The global craft beer market size was valued at USD 85.02 billion in 2015 and is expected to witness significant growth over the forecast period owing to the increasing penetration of the product in countries including South Africa, Australia, New Zealand, and Brazil. The rising consumer... Read More »
February 2017