Alcohol Beverages Market In the US 2018-2022
About this market
E-commerce websites are used as a tool to engage consumers. The alcohol beverages industry highly relies on the internet as an important tool for the sales and marketing activities. Technavio’s analysts have predicted that the alcohol beverages market in the US will register a CAGR of over 3% by 2022.
Introduction of new products Market players are trying to gain a competitive edge over their competitors by introducing new products. This in turn, helps them to boost their revenue flow and expand their customer base.
Increasing cases of accidents due to driving under the influence of alcohol
The authorities are planning to mandate stringent regulations against driving under the influence of alcohol due to the rising number of accidents.
For the detailed list of factors that will drive and challenge the growth of the alcohol beverages market in the US during 2018-2022, view our report.
The market appears to be fragmented with the presence of many companies. Factors such as the adoption of e-commerce websites and introduction of new products, will provide considerable growth opportunities to alcohol beverages vendors in the US. Anheuser-Busch InBev, Constellation Brands, Diageo, E. & J. Gallo Winery, Heineken, Molson Coors Brewing Company, and Pernod Ricard are some of the major companies covered in this report.
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