PUBLISHER: The Business Research Company | PRODUCT CODE: 1274473
PUBLISHER: The Business Research Company | PRODUCT CODE: 1274473
“Alcohol E-Commerce Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on alcohol e-commerce market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for alcohol e-commerce? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The alcohol e-commerce market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Major players in the alcohol e-commerce market are Vivino Inc., Uber Technologies Inc., Vintage Wine Estates, Drizly, Naked Wines PLC., Evino, Winc Inc., Bright Cellars, ReserveBar, Flaviar, Total Wine and More, Costco Wholesale Corporation, Wine.com LLC, WineAccess Inc., Minibar Delivery and Underground Enterprises Inc.
The global alcohol e-commerce market is expected to grow from $48.72 billion in 2022 to $56.17 billion in 2023 at a compound annual growth rate (CAGR) of 15.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The alcohol e-commerce market is expected to reach $87.29 billion in 2027 at a CAGR of 15.7%.
The alcohol e-commerce market consists of sales of alcohol e-commerce types that contain ethyl, denatured, isopropyl and rubbing. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Alcohol e-commerce refers to the sale of alcoholic beverages like wine, beer, and liquor through online sales channels. Customers can buy alcohol online by providing proof of age limit and other legal requirements. They are used to help retailers to provide alcohol delivery services to consumers.
North America was the largest region in the alcohol e-commerce market in 2022. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main alcohol types in the market for alcohol e-commerce are wines and champagnes, spirits, beers, and other alcohol types. Spirits are the highest ABV products of the yeast-based fermentation of a liquid brewed to have fermentable sugars. The price point is economy, mid range, and luxury. The distribution channels involved online grocery, online alcohol marketplaces, licensed specialty retailers, and direct to consumer wine online.
An increase in the consumption of alcohol is expected to propel the growth of the alcohol e-commerce market going forward. Alcohol consumption refers to the consumption of beverages that contains ethyl alcohol. They are consumed for their physiological and psychological effects during specific social contexts. The penetration of smartphones and the increase in usage of mobile shopping apps is increasing the online delivery of alcohol-selling companies. For instance, in 2020, according to Columbia Public Health, a Columbian-based leading public health education, and community collaboration, From March to September 2020, there were 41.9 billion dollars in liquor store sales, representing an increase of 20 % and 18 % compared to the same period in 2019 and the previous seven-month period. Therefore, the Increase in the consumption of alcohol is driving the growth of the alcohol e-commerce market.
Strategic partnerships and collaborations are key trends gaining popularity in the alcohol e-commerce market. Major companies operating in alcohol e-commerce are undergoing partnerships to strengthen their position in the alcohol e-commerce market. For instance, in September 2022, Thirstie, a US-based leading provider of e-commerce for beverage alcohol brands, partnered with William Grant & Sons, a UK-based global leading family-owned distiller and supplier. Through this partnership, combined resources with Thirstie are expected to expand William Grant's global e-commerce strategy and offer consumers digital access to its portfolio. Further, in August 2020, BlackSquare, a Canada-based eCommerce and direct-to-consumer support company for the global beverage alcohol industry partnered with Beam Suntory Inc., a US-based leading producer of alcoholic beverages. This partnership is expected to provide Beam Suntory with cutting-edge direct-to-consumer (DTC) e-commerce technology and digital marketing.
In December 2020, GoPuff Inc., a US-based consumer goods, food, and alcohol beverages delivery company, acquired BevMo for an undisclosed amount. Through this acquisition of combined resources, GoPuff accelerates and expands its entry into California and strengthens the network of neighbourhood stores. With this acquisition, GoPuff and BevMo are expected to enhance customers' and communities' experience and provide ultimate convenience. BevMo is a US-based leading retail chain focused on the sale and delivery of alcoholic drinks.
The countries covered in the alcohol e-commerce market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The alcohol e-commerce market research report is one of a series of new reports from The Business Research Company that provides alcohol e-commerce market statistics, including global market size, regional shares, competitors with a alcohol e-commerce market share, detailed alcohol e-commerce market segments, market trends and opportunities, and any further data you may need to thrive in the alcohol e-commerce industry. This alcohol e-commerce market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.