The beverage alcohol industry is a thriving part of the global economy. It accounts for significant revenue and employment numbers in many countries and a quick look at the market shows that there is no sign of this changing. In order to provide a better look at the alcohol industry and how it operates on a global level, we have put together an industry overview.
Before getting into details, it is important to note that the beverage alcohol industry goes beyond retail locations, such as bars and restaurants. It is considered a commercial industry that includes all aspects of the manufacturing, distribution and sales of alcoholic beverages and not just the point of sale that connects directly to consumers. That means everyone from small brewers and big name brands to major retailers and your neighborhood bar are part of the expansive beverage alcohol industry.
Top Alcohol Producing Countries
The alcohol industry represents a global market that is led by China. The country produces 46.5438 million kiloliters per year and has dominated the market for the past 12 years. The United States is a distant second since it produces just half the volume of China. In the past year alone, China has increased production by 4.9%, which means that it will continue to lead the industry for the foreseeable future. Here is closer look at the top 10 alcohol producing countries:
- United States
- United Kingdom
With so much revenue and production associated with the alcohol industry, it should come as no surprise that the industry is also a significant employer. In the United States, alcohol retailers alone create 2.03 million jobs. Keep in mind that these statistics don’t include manufacturers or distributors, making the number of alcohol beverage industry jobs much higher. Across the pond in the United Kingdom, 490,000 people are employed by bars, pubs and clubs. When looking at the total number of alcohol industry jobs, about half are tied to the production and sale of beer. This accounts for about 2.5% of total employment numbers in the country. Imagine combining the employment numbers of just the top 10 producing countries and you can begin to understand the economic impact the industry has on a global level.
Beverage Alcohol Market Overview
Looking towards the future, the alcohol beverage market is projected to reach $1.684 billion by 2025. In total, alcohol accounts for around 16.5% of total beverage production. A full 80% of the alcohol market consists of malt beverages. Wine and spirits account for the final 20%. If current trends continue, smaller brands will earn more of the market share and consumers will gravitate towards premium options. Clearly, the industry is healthy and robust and will continue to play a significant role in different economies.
Ultimately, the beverage alcohol industry is a key player in the global economy and helps to provide countries around the world with revenue and employment opportunities. While consumer habits and tastes may change over time, it appears that the industry will continue to grow and reach new milestones in the coming years. As the global leader in alcohol production, trends in China may serve as a good indication of what other countries can expect in their own markets.
What industry is alcoholic beverages in?
Alcoholic beverages are considered part of a commercial industry which oversees the manufacturing, distribution and sales of beer, wine and liquor.
Which country is the largest producer of alcohol?
When it comes to production of beer, China claims 85% of the market and serves 1.35 billion consumers. The United States comes in second and is a major exporter.
How many people does the alcohol industry employ?
In the United States, alcohol retailers alone create 2.03 million jobs. Keep in mind that these statistics don’t include manufacturers or distributors, making the number of alcohol beverage industry jobs much higher.
How much is the alcohol industry worth worldwide?
As of 2017, the alcohol industry was worth $1,438 billion and it is expected to grow to $1,684 billion by 2025.
What is the Beverage Alcohol Industry market overview?
Overall, the beverage industry is on an decidedly upward trajectory with noticeable increases in the production and consumption of spirits. Smaller manufacturers are also taking over more of the market and consumers are turning to premium brands. You can get more details here.