West Africa Alcoholic Beverages Market Size, Top Companies, Industry Overview, Demand, Regional Analysis and Forecast to 2027
According to IMARC Group’s latest report, titled “West Africa Alcoholic Beverages Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, The West Africa alcoholic beverages market size reached US$ 11.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 16.8 Billion by 2027, exhibiting a CAGR of 6.31% during 2022-2027.
Alcoholic beverages represent drinks that are prepared by fermenting sugars found in fruits, berries, grains, etc. They use yeast to initiate anaerobic fermentation, which is essential in converting sugar into ethanol and carbon dioxide. The alcoholic flavor and content of the beverage are affected by how long it is stored to age and the container in which it is fermented. These beverages are extensively utilized as rejuvenating and recreational drinks. They are commonly available in the form of beers, ciders, wines, spirits, etc., across West Africa.
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West Africa Alcoholic Beverages Market Trends:
The inflating disposable income levels of individuals, the growing advancements in breweries and wineries, and the increasing penetration of social media platforms are primarily driving the West Africa alcoholic beverages market. Additionally, the easy accessibility of raw materials and cheap labor assists in attracting foreign investors, which is further catalyzing the market growth. Besides this, the shifting consumer preferences from home or locally brewed drinks towards branded alcoholic beverages and the escalating demand for flavored alcohol are acting as significant growth-inducing factors. Moreover, the expanding food and beverage (F&B) industry and continuous improvements in distribution and retail channels are also bolstering the market growth across the country. Apart from this, alcoholic beverages are now associated with class and sophistication, which has resulted in customers looking for unique and innovative drinking experiences, thereby propelling the market growth. Furthermore, the rising number of female drinkers and the introduction of premium product variants that are easily available via local distributors and subsidiaries are anticipated to fuel the West Africa alcoholic beverages market over the forecasted period.
West Africa Alcoholic Beverages Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the west africa alcoholic beverages market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Diageo Plc
- Heineken International B.V.
- Anheuser-Busch InBev
- Castel Group
- Kasapreko Company Ltd
- Tambour Original
Key Market Segmentation:
The report has segmented the west africa alcoholic beverages market on the basis of product type, packaging type, distribution channel and country.
Breakup by Product Type:
- Beer
- Spirits
- Wine
- Others
Breakup by Packaging Type:
- Glass Bottles
- Tins
- Plastic Bottles
- Others
Breakup by Distribution Channel:
- Open Markets
- Supermarkets/Hypermarkets
- Hotels/Restaurants/Bars
- Specialty Stores
- Others
Breakup by Country:
- Nigeria
- Cote d’Ivoire
- Ghana
- Burkina Faso
- Republic of Benin
- Senegal
- Others
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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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