GCC Alcoholic Drinks Market Witness Highest Growth at a CAGR of 7.5% by 2030

Quick Overview of the GCC Alcoholic Drinks Market Analysis

The objective of the GCC Alcoholic Drinks Market Research Report is to provide a detailed and useful data, and a geographical perspective for predictions of future. The recommendations included in the report are supposed to be insightful and actionable, offering a thorough understanding of the industry. Moreover, it includes a comprehensive table of contents, relevant data, and an analysis of numerous important aspects that have impacted the market.

According to the latest report analysis by MarkNtel Advisors, the GCC Alcoholic Drinks Market is estimated to grow at a CAGR of around 7.5% during the forecast period, i.e., 2024-30. This detailed study provides a detailed overview of the current market state, including market trends, opportunities, along with the recent developments. In-depth analysis of market share, size, forecast, and competitive landscape is also covered in this report that presents a clear picture of the industry with relevant statistical data.

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Latest Challenge Contributing in the GCC Alcoholic Drinks Industry:

GCC Alcoholic Drinks Market Challenge:

Stringent Government Regulations and Exorbitant Taxes Impacting the Alcoholic Drinks Market Negatively – In the GCC region, many restrictions and higher taxes & tariffs are imposed on alcoholic products due to strong religious beliefs resulting in the reduced accessibility of these beverages. In the UAE and Qatar, the sale and distribution of alcohol products are restricted to licensed outlets with limited operating hours within authorized locations. Also, Qatar in 2022, introduced ‘Sin Taxes’ which doubles the alcohol prices in the country.

These exorbitant taxes, import duties, and licensing fee for the sale of alcoholic drinks increases the prices of these beverages in this region. Higher prices also affect the tourism and hospitality sector. Such taxation policies reduce the market size due to the lower consumer base, further affecting the producers of alcoholic drinks. Thus, higher pricing and restrictive policies negatively impacted the market for the past couple of years and also acted as a barrier for the new entrants in the market leading to limited product variety which would affect the market growth in the near future as well.

A Detailed Outlook of GCC Alcoholic Drinks Market Segmentation

The Market Segmentation analysis provides and accurate data of the industry to help the analysts make smart strategic investment decisions. Also, the prediction of the market is included for national, and level in the research. The study analyses latest trends of the industry from 2024-30 for each of the category. Different segments were used to classify the market for this study are listed below:

-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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Geographical Analysis:

-By Country

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.

Lead the GCC Alcoholic Drinks Market with a Deep Evaluation of the Competition

This report also includes accurate facts, figures, and market data into income assessments, and projections in the industry by using a wide range of statistical tools and knowledge about the market by the experts. Each notable market participant has a SWOT evaluation, a profile and a complementary Porter’s Five Forces analysis.

Moreover, to take the benefits of new opportunities, dominating players have been constantly realigning their systems, and methods of operation. We also evaluate major businesses that are influences on a geographical scale along with the small and medium-sized businesses that plays crucial role and have substantial opportunity for expansion in order to accurately reflect the levels of market competition.

The details on the following key players is presented in this section as:

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 Report Highlights

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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