Bahrain Alcoholic Beverages Market - Forecast(2023 - 2028)
Bahrain Alcoholic Beverages Market Overview
Bahrain Alcoholic Beverages Market registered a market size of $2,650 million in 2020 and is set to grow at a CAGR of 6.1% during the forecast period of 2021-2026. Alcoholic beverages are a kind of beverages that contains a wide variety of alcohol which include wine, whisky, beer, vodka, and many more. Alcoholic beverages are the distilled spirits that have 20% of alcohol, where ethanol is the main component. Various popular alcoholic energy drinks, such as Sparks, Tilt, etc., are mostly consumed among the people as they are available easily at the convenience stores, creating populating of adopting alcoholic energy drinks. Alcoholic beverages are available in various flavors, also called alcopops drinks, that contain low alcohol. Fortified wines, sherries, liqueurs, and cider are alcoholic drinks that carry added sugar, also known as sugar-sweetened beverages. The alcohol percentage in alcoholic beverages is different such as vodka that contains 40-95% of alcohol, whereas whiskey includes 36-50% of alcohol. The consumption of alcoholic beverages is surging among adults due to changing lifestyles. Besides, new technologies in the distillation process are encouraging manufacturers to develop various types of distilled spirits drinks, which is the primary factor driving the growth of the Bahrain Alcoholic Beverages Market. Furthermore, growing trends of pubs, bars, and restaurants among adults are soaring the production of alcoholic beverages that helps in enhancing the overall market demand for Bahrain Alcoholic Beverages Market for the period 2021-2026.
Report Coverage
The report: "Bahrain Alcoholic Beverages Market Forecast (2021-2026)" by Industry ARC covers an in-depth analysis of the following segments of the Bahrain Alcoholic Beverages Market.
By Type:
Beer, Distilled Spirits, Wine, and Others
By
Distribution Channel: Convenience Stores, Liquid
Stores, Supermarket, and Others
Key Takeaways
- The consumption of alcoholic beverages is surging among adults due to changing lifestyles. Besides, new technologies in the distillation process encourage manufacturers to develop various types of distilled spirits drinks, which is the primary factor driving the growth of Bahrain's Alcoholic Beverages Market.
- A detailed analysis of Strengths, Weaknesses, and Opportunities in the Bahrain Alcoholic Beverages Market report.
- Strict government policy to regulate alcohol products creates hurdles for the Bahrain Alcoholic Beverages Market.
Bahrain Alcoholic Beverages Market Size, By Distribution Channel, 2020 (%)
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Bahrain
Alcoholic Beverages Segment
Analysis – By Type
The Bahrain Alcoholic Beverages Market based on Type can be further distributed into Beer, Distilled Spirits, Wine, and Others. The Beer segment is the significant segment generating revenue in 2020. This is owing to the increased consumption of beer among the population for its low cost and easy availability. Manufacturers are also innovating a variety of beer flavors that attract people. Various pubs, lounges, and restaurants also offer a flavored beer that further accelerates the market growth. The Distilled Spirits segment is estimated to register the fastest CAGR of 6.5% for the forecast period 2021-2026. The availability of distilled spirits such as whiskey, vodka, etc., soared in various liquid stores owing to the population surging demand to adopt distilled spirits. Recently, the sales of whiskey increased by 20% in the Middle East in 2020 that tends to be going up the production of distilled spirits and thus further propelling the growth of the Bahrain Alcoholic Beverages Market.
Bahrain Alcoholic Beverages Segment Analysis – By Distribution Channel
The Bahrain Alcoholic Beverages Market based on Distribution Channel can be further segmented into Convenience Stores, Liquid Stores, Supermarket, and Others. The Liquid Stores segment registers for the highest Bahrain Alcoholic Beverages Market share in 2020. People prefer to buy alcoholic beverages in liquid stores as various alcoholic drinks are available there, which becomes easy for consumers to choose from, boosting the liquid industry's growth at 30% per year and driving the market growth. The Convenience Stores segment is forecasted to register the fastest CAGR of 6.7% over 2021-2026. Alcohol beverages such as whiskey, wine, etc., are easily buyable in convenience stores, which helps tourists in Bahrain get products quickly. Moreover, a variety of flavored alcoholic beverages are present in convenience stores that create attraction among consumers and thus propelling the growth of Bahrain's Alcoholic Beverages Market.
Bahrain
Alcoholic Beverages Market
Drivers
- The consumption of alcoholic beverages surging among adults owing to
changing lifestyle and adopting trends of celebration that accelerate the
demand for alcoholic beverages
There is a surge in demand for Alcoholic beverages in Bahrain owing to changing lifestyles and consumption of alcoholic beverages for every celebration among adults. As per statistics, in 2018, an average of 1.90 liters of alcohol was consumed per person in Bahrain. The demand is likely to continue over 2021-2026, which is driving the demand for alcohol production among manufacturers.
- Advancement of new technologies in the distillation process
encourage manufacturers to develop various
types of distilled spirits drinks
Technological advancement in the distillation process encourages manufacturers to make an innovative variety of alcoholic drinks. The improved technology is likely to help the manufacturers improve the quality of drinks and minimize product loss, driving the demand for Alcoholic beverages in the forecast period. period 2021-2026.
Bahrain Alcoholic Beverages Market Challenges
- Strict government policy to regulate alcohol products creates hurdles
for the Bahrain Alcoholic Beverages Market
According to Bahrain Parliament, Muslims are not allowed to purchase alcohol even from licensed stores. The government of Bahrain attempted to ban alcohol completely by adding more tax on liquor products which further set to challenge the market of Bahrain Alcoholic Beverages.
Bahrain Alcoholic Beverages Market Landscape
Product launches, acquisitions, collaboration, joint ventures, and
geographical expansions are key strategies adopted by the Bahrain
Alcoholic Beverages Market players. Bahrain
Alcoholic Beverages top 10 companies include:
- Anheuser-Busch InBev
- BAVARIA N.V.
- Brown Forman
- Carlsberg Group
- Diageo PLC
- Pepsi
- Heineken N.V.
- Bacardi Global Brands
- Chivas Holding Limited
- United Dutch Breweries B.V.
Development
· In 2021, Pepsi launched a new alcoholic drink, Rockstar, known for its energy drinks that increase the sales among health conscious people, thereby boosting the market growth.
Relevant Reports:
Report
Code: FBR 0245
Report Code: FBR 81980
For more Food and Beverage Market related reports, please click here
LIST OF TABLES
1.Global BAHRAIN ALCOHOLIC BEVERAGES MARKET, BY TYPE Market 2019-2024 ($M)1.1 Beer Market 2019-2024 ($M) - Global Industry Research
1.2 Distilled Spirits Market 2019-2024 ($M) - Global Industry Research
1.3 Wine Market 2019-2024 ($M) - Global Industry Research
2.Global BAHRAIN ALCOHOLIC BEVERAGES MARKET, BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
2.1 Convenience stores Market 2019-2024 ($M) - Global Industry Research
2.2 On Premises Market 2019-2024 ($M) - Global Industry Research
2.3 Liquor Stores Market 2019-2024 ($M) - Global Industry Research
2.4 Internet Retailing Market 2019-2024 ($M) - Global Industry Research
2.5 Supermarkets Market 2019-2024 ($M) - Global Industry Research
3.Global BAHRAIN ALCOHOLIC BEVERAGES MARKET, BY TYPE Market 2019-2024 (Volume/Units)
3.1 Beer Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Distilled Spirits Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Wine Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global BAHRAIN ALCOHOLIC BEVERAGES MARKET, BY DISTRIBUTION CHANNEL Market 2019-2024 (Volume/Units)
4.1 Convenience stores Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 On Premises Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Liquor Stores Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Internet Retailing Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Supermarkets Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America BAHRAIN ALCOHOLIC BEVERAGES MARKET, BY TYPE Market 2019-2024 ($M)
5.1 Beer Market 2019-2024 ($M) - Regional Industry Research
5.2 Distilled Spirits Market 2019-2024 ($M) - Regional Industry Research
5.3 Wine Market 2019-2024 ($M) - Regional Industry Research
6.North America BAHRAIN ALCOHOLIC BEVERAGES MARKET, BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
6.1 Convenience stores Market 2019-2024 ($M) - Regional Industry Research
6.2 On Premises Market 2019-2024 ($M) - Regional Industry Research
6.3 Liquor Stores Market 2019-2024 ($M) - Regional Industry Research
6.4 Internet Retailing Market 2019-2024 ($M) - Regional Industry Research
6.5 Supermarkets Market 2019-2024 ($M) - Regional Industry Research
7.South America BAHRAIN ALCOHOLIC BEVERAGES MARKET, BY TYPE Market 2019-2024 ($M)
7.1 Beer Market 2019-2024 ($M) - Regional Industry Research
7.2 Distilled Spirits Market 2019-2024 ($M) - Regional Industry Research
7.3 Wine Market 2019-2024 ($M) - Regional Industry Research
8.South America BAHRAIN ALCOHOLIC BEVERAGES MARKET, BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
8.1 Convenience stores Market 2019-2024 ($M) - Regional Industry Research
8.2 On Premises Market 2019-2024 ($M) - Regional Industry Research
8.3 Liquor Stores Market 2019-2024 ($M) - Regional Industry Research
8.4 Internet Retailing Market 2019-2024 ($M) - Regional Industry Research
8.5 Supermarkets Market 2019-2024 ($M) - Regional Industry Research
9.Europe BAHRAIN ALCOHOLIC BEVERAGES MARKET, BY TYPE Market 2019-2024 ($M)
9.1 Beer Market 2019-2024 ($M) - Regional Industry Research
9.2 Distilled Spirits Market 2019-2024 ($M) - Regional Industry Research
9.3 Wine Market 2019-2024 ($M) - Regional Industry Research
10.Europe BAHRAIN ALCOHOLIC BEVERAGES MARKET, BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
10.1 Convenience stores Market 2019-2024 ($M) - Regional Industry Research
10.2 On Premises Market 2019-2024 ($M) - Regional Industry Research
10.3 Liquor Stores Market 2019-2024 ($M) - Regional Industry Research
10.4 Internet Retailing Market 2019-2024 ($M) - Regional Industry Research
10.5 Supermarkets Market 2019-2024 ($M) - Regional Industry Research
11.APAC BAHRAIN ALCOHOLIC BEVERAGES MARKET, BY TYPE Market 2019-2024 ($M)
11.1 Beer Market 2019-2024 ($M) - Regional Industry Research
11.2 Distilled Spirits Market 2019-2024 ($M) - Regional Industry Research
11.3 Wine Market 2019-2024 ($M) - Regional Industry Research
12.APAC BAHRAIN ALCOHOLIC BEVERAGES MARKET, BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
12.1 Convenience stores Market 2019-2024 ($M) - Regional Industry Research
12.2 On Premises Market 2019-2024 ($M) - Regional Industry Research
12.3 Liquor Stores Market 2019-2024 ($M) - Regional Industry Research
12.4 Internet Retailing Market 2019-2024 ($M) - Regional Industry Research
12.5 Supermarkets Market 2019-2024 ($M) - Regional Industry Research
13.MENA BAHRAIN ALCOHOLIC BEVERAGES MARKET, BY TYPE Market 2019-2024 ($M)
13.1 Beer Market 2019-2024 ($M) - Regional Industry Research
13.2 Distilled Spirits Market 2019-2024 ($M) - Regional Industry Research
13.3 Wine Market 2019-2024 ($M) - Regional Industry Research
14.MENA BAHRAIN ALCOHOLIC BEVERAGES MARKET, BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
14.1 Convenience stores Market 2019-2024 ($M) - Regional Industry Research
14.2 On Premises Market 2019-2024 ($M) - Regional Industry Research
14.3 Liquor Stores Market 2019-2024 ($M) - Regional Industry Research
14.4 Internet Retailing Market 2019-2024 ($M) - Regional Industry Research
14.5 Supermarkets Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Bahrain Alcoholic Beverages Market Revenue, 2019-2024 ($M)2.Canada Bahrain Alcoholic Beverages Market Revenue, 2019-2024 ($M)
3.Mexico Bahrain Alcoholic Beverages Market Revenue, 2019-2024 ($M)
4.Brazil Bahrain Alcoholic Beverages Market Revenue, 2019-2024 ($M)
5.Argentina Bahrain Alcoholic Beverages Market Revenue, 2019-2024 ($M)
6.Peru Bahrain Alcoholic Beverages Market Revenue, 2019-2024 ($M)
7.Colombia Bahrain Alcoholic Beverages Market Revenue, 2019-2024 ($M)
8.Chile Bahrain Alcoholic Beverages Market Revenue, 2019-2024 ($M)
9.Rest of South America Bahrain Alcoholic Beverages Market Revenue, 2019-2024 ($M)
10.UK Bahrain Alcoholic Beverages Market Revenue, 2019-2024 ($M)
11.Germany Bahrain Alcoholic Beverages Market Revenue, 2019-2024 ($M)
12.France Bahrain Alcoholic Beverages Market Revenue, 2019-2024 ($M)
13.Italy Bahrain Alcoholic Beverages Market Revenue, 2019-2024 ($M)
14.Spain Bahrain Alcoholic Beverages Market Revenue, 2019-2024 ($M)
15.Rest of Europe Bahrain Alcoholic Beverages Market Revenue, 2019-2024 ($M)
16.China Bahrain Alcoholic Beverages Market Revenue, 2019-2024 ($M)
17.India Bahrain Alcoholic Beverages Market Revenue, 2019-2024 ($M)
18.Japan Bahrain Alcoholic Beverages Market Revenue, 2019-2024 ($M)
19.South Korea Bahrain Alcoholic Beverages Market Revenue, 2019-2024 ($M)
20.South Africa Bahrain Alcoholic Beverages Market Revenue, 2019-2024 ($M)
21.North America Bahrain Alcoholic Beverages By Application
22.South America Bahrain Alcoholic Beverages By Application
23.Europe Bahrain Alcoholic Beverages By Application
24.APAC Bahrain Alcoholic Beverages By Application
25.MENA Bahrain Alcoholic Beverages By Application
26.AFRICAN AND EASTERN, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.BAHRAIN DUTY FREE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.BMMI, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.GULF BRANDS INTERNATIONAL, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.NHSC BAHRAIN, Sales /Revenue, 2015-2018 ($Mn/$Bn)