“The grain alcohol market is projected to grow at a CAGR of 4.1% during the forecast period.”
According to MarketsandMarkets, the global grain alcohol market size is estimated to be valued at USD 12.2 billion in 2021 and is projected to reach USD 14.9 billion by 2026, recording a CAGR of 4.1% during the forecast period. The increased consumption and production of alcoholic beverages is one of the key factors that is driving market growth.
“By source, the sugarcane segment is projected to dominate the market during the forecast period.”
Sugar is a natural carbohydrate found in all fruits & vegetables. Sugar cane and sugar beet plants are the most abundant sources of sucrose, which is fermented to produce alcohol. Molasses is the by-product in the sugarcane industry, obt......
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Belgium Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
Belgium was severely impacted by the COVID-19 pandemic, causing the country's GDP to shrink by 6.3% in 2020. The beer & cider sector was among the worst hit by the crisis due to the enforcement of lockdown rules, which involved the closure of bars and restaurants and restrictions on social gatherings. These factors led to a double-digit decline in volume sales for the sector in 2020. The cancellation of sporting events and flights also adversely impacted beer and cider sales in the country.
Belgium Beer and Cider Market Insights to 2026 report provides a complete overview of the Belgium Beer and Cider industry struct......
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South Africa Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
According to data from the World Bank, South Africa's economy registered a substantial downfall of 7% in 20201. Economic growth was primarily hampered due to COVID-19 restrictions and increased unemployment across the country, which resulted in the low expenditure of goods and services.
In addition, according to the data released by Statistics South Africa, about 2.2 million job cuts were registered across the nation during Q2 2020, compared to Q1 2020². All these factors contributed to low consumer confidence in spending, which is likely to remain prevalent in the short term.
South Africa Beer and Cider Marke......
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Poland Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
The Polish GDP registered a decline of 2.7% in 2020, primarily due to the fall in economic activities as a result of the COVID-19 crisis. The government offered help to hard-hit businesses by reducing the tax burden and providing financial support, as part of its Anti-Crisis Shield. In March 2020, the Polish Government announced its plan to defer retail sales tax. Furthermore, in October 2020, the government announced a relief package worth z?1.8 billion (US$465 million) for businesses affected by COVID-19 restrictions. The measure was targeted at the hospitality, entertainment, fitness, and retail industries, which we......
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Portugal Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
During the COVID-19 pandemic, Portugal went into a spending deficit of 6.5% in 2020, after having achieved its first budget surplus in 45 years in 2019. The Portuguese economy registered an annual decline of 7.6% in 2020, its largest contraction since 1936. The country's unemployment rate rose from 6.5% in 2019 to 6.8% in 2020. As concerns around health, safety, and economic uncertainty increased, consumers became hesitant to spend and cut their expenses during the year. Consumer spending was focused on necessities and products with healthy attributes. As a result, consumers sought value-for-money options and preferr......
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Austria Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
In 2020, the Austrian GDP declined by 6.6% YoY in real terms. The services sector was the most affected. Private household consumption declined by a significant 9.8% in real terms in the year, underlining the decline in the purchasing power of consumers. The tourism sector, which contributes significantly to on-premise volumes of beer and cider, declined drastically; according to the Bank of Austria, tourism revenues dropped by approximately 36% in 2020. In such a weak economic scenario, volumes of both beer and cider categories declined in 2020. While beer volumes declined by 8.1% YoY, cider volumes declined by 7% Yo......
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Serbia Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
The Serbian economy was negatively impacted by the outbreak of the COVID-19 pandemic, however, the impact was low compared to other countries. According to GlobalData, the real GDP declined by 0.1% in 2020 over 2019. As a result, the purchasing power of Serbian consumers was reduced slightly and they became more frugal, purchasing non-essential products. The consumption of beer fell by 5.6% in 2020. In addition, consumers became more inclined towards heavily discounted products as several brands focused on price promotions to stimulate off-premise sales in 2020. As a result, average prices across all price segments dec......
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Russia Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
Despite being a small category, cider is gaining traction among consumers seeking beverages with a fruity taste and a relatively low alcohol content. Health-conscious individuals looking to reduce their alcohol consumption are turning to cider to satisfy their thirst. Rising tourist numbers are encouraging cider manufacturers to introduce new varieties in the form of dry and semi-dry options to appease a broad range of consumers. This bodes well for the country's cider market.
Russia Beer and Cider Market Insights to 2026 report provides a complete overview of the Russia Beer and Cider industry structure offering a co......
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Argentina Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
Although Argentina recorded an unstable economy during 2020, hit by the pandemic as well as the financial difficulties of consumers, volume of premium beer and cider grew. Growth was led by consumers seeking greater value for their money, as they were willing to buy premium and superpremium priced beer and cider if it offered high-quality.
Argentina Beer and Cider Market Insights to 2026 report provides a complete overview of the Argentina Beer and Cider industry structure offering a comprehensive insight into historical background trends, 2020 performance and outlook to 2026.
Scope
Covering total market (On and ......
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Bulgaria Beer and Cider Market Insights to 2026 - Market Overview, Category and Segment Analysis, Company Market Share, Distribution, Packaging and Consumer Insights
Summary
During the first wave of COVID-19 in March 2020, the government declared a state of emergency and imposed a lockdown. Restaurants, cafés, bars, clubs, discos, piano bars, cinemas, concert halls, schools, and offices were closed. Cultural and entertainment events and other large gatherings were banned, and road borders and airports were closed. However, grocery stores, pharmacies, gas stations, and banks were allowed to operate with certain caveats. The restrictions were eased from June 1, 2020, with restaurants, cafés, and bars allowed to reopen with limited seating capacity, outdoor and indoor gatherings of up to ......
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