Quick Overview of the GCC Alcoholic Drinks Market Analysis

MarkNtel Advisors provide a detail-driven, accurate, reliable & unbiased research report on the GCC Alcoholic Drinks Market covering aspects associated with the changing interface of the industry over the years. This study also offers insights to the stakeholders, comprising data from the historic years (2019-22) & the base year (2023), to put together estimations for the forecast period (2024-30). 

Using tools, tactics, & skills for rigorous research, our analysts bring forward a detailed study allowing the investors to make informed decisions & strategize their moves to yield higher profits in the market across locations. Additionally, our analysis is relentless & integrates an extensive examination of the industry. It entails drivers, restraints, opportunities, challenges, key trends, & recent developments, alongside various other parameters influencing the market dynamics & curating the fundamentals of the industry growth. Using such information, the stakeholders can estimate what to expect in the future. 

The study is developed in an understandable format using graphs, diagrams, tables, pie charts, & other pictorial representations for stakeholders with data on the aspects promulgating the overall industry dynamics. The research aims to demonstrate information on the changing operational interface of the GCC Alcoholic Drinks Market across different geographies and the expansion in each bifurcation after pondering factors like governing policies, regulations, & other external parameters. 

Market Insights & Analysis: GCC Alcoholic Drinks Market (2024-30):

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. 

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Segmentation of the GCC Alcoholic Drinks Market:

The GCC Alcoholic Drinks Market is highly fragmented and bifurcates into the following segmentations:

-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)

-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 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.

On the geographical front, the GCC Alcoholic Drinks Market expands across the following:

-By Region

• The UAE
• Qatar
• Oman
• Bahrain

The UAE is anticipated to hold a significant share of the market in the upcoming years. Due to the government’s introduction of progressive regulation by decriminalizing alcohol consumption and providing relaxation in the existing strict regulation related to alcohol across the country. In 2020, according to the general authority of statistics, the total population of UAE accounted to approximately 9.7 million, among them Emiratis made up 10% of the population, while expatriates accounted for the remaining 90%. Thus, to cater to the alcohol need of expatriates living in the UAE, the government liberalized regulation related to purchase & consumption of alcohol, which resulted in the increasing market growth during the historical years.

Furthermore, the UAE government underwent a significant change in seeking the attention of international tourists by revising its existing law, by eliminating the alcohol consumption penalty for non-Muslim citizens, and limiting the prejudice penalties. Along with this, the opening of several clubs & bars, and a strong commitment to the expansion of the economy by including tourism strategy into its “Vision 2030” initiatives, is expected to enhance the market share during 2024-2030.

Competitive Landscape

The report incorporates a competitive landscape of the industry, a prominent section, covering all the essential attraction areas for the stakeholders. This section enlightens the investors with information after rigorous profiling of each company operating in the market. With the help of exhaustive research associated with the changing interface, strategies, & sustainability tactics of players in the GCC Alcoholic Drinks Market, the researchers bring together data curating the fundamentals of the industry expansion based on the following parameters:

• Investments rise & fall 
• The geographical presence of players 
• Overview of the company
• Origin & business strategy
• Product/Service portfolio expansion

This section also comprises strategies adopted by the players to maintain their dominance & yield higher profits while expanding the overall business across segments and locations, grounding on the following factors:

• Ongoing trends & recent developments
• Performance indicators
• Products/Services offered
• Risk & SWOT Analysis

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The companies profiled in the GCC Alcoholic Drinks Market report are

• 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

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography and product adoption?
5. How have buying behaviour, customer inclination, and expectations from product manufacturers been evolving during 2024-30?
6. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

Reasons to Buy the Market Report

• The study incorporates insights to enlighten the stakeholders about the industry's growth potential while learning the competitive scenario in the GCC Alcoholic Drinks Marketto plan their strategic investments. 
• The stakeholders can also get a hold of unbiased & accurate data into the dynamic interface of the industry to frame robust business strategies & investments utilizing the information cited.  
• With the help of such data in this report, the investors can better understand the tactics used by the competitors to sustain the industry & establish dominance & profits over the years. 
• The analysis further incorporates data that would offer efficiency to the investors in organizing their sales & marketing efforts by identifying the opportunities offered in the GCC Alcoholic Drinks Market. 

Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging Video Analytics 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, for 14.8 diverse industrial verticals.

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