Alcoholic beverage e-commerce platform market worth $30.5 billion by 2030
JERSEY CITY, NJ, March 7, 2022 /PRNewswire/ — InsightAce Analytic Pvt. announces the publication of a market valuation report on “Global Alcoholic Beverages E-commerce Platforms Market (Products (Wine, Beer, Distilled Spirits, Hard Kombucha, Hard Seltzers, Cocktails & Long Drinks and Other RTD/Flavored Products), Applications (Commercial, Residential), Sales Channels distribution (direct-to-consumer, online liquor stores, online grocery stores, authorized specialty retailers and other distribution channels)) – Analysis of competition by sector, future trends, revenues and forecasts to 2030. »
According to the latest version of the market research report, the global alcoholic beverage e-commerce platform market size is valued at US$2.19 billion in 2021, and it is expected to reach US$30.5 billion in 2030, registering a promising CAGR of 34.3% from 2022 to 2030.
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The development of e-commerce in the catering services market has proliferated thanks to the massive penetration of the Internet. Selling online helps businesses reach new markets and increase sales and revenue. Emerging technology has generated a new trend and experience for consumers to purchase various types of alcohol and deliver them to their homes. Due to the growing number of online grocery stores, online liquor stores, and online specialty sellers, the demand for e-commerce for alcoholic beverages is increasing.
Additionally, the COVID-19 pandemic is having a positive impact on the alcoholic beverage e-commerce industry. During the Covid-19 pandemic, premiumization increased dramatically as customers explored new ways to recreate similar experiences at home in bars and restaurants. Premiumization is fueled by product innovation and encouraged by increasing levels of wealth and disposable income and a greater desire to try new experiences and ingredients. The online channel has grown significantly of late, fueled by the pandemic making consumers money online and retailers expanding the reach of their online alcohol offerings. The alcohol e-commerce industry is seeing a massive increase in sales due to changing consumption habits resulting from the COVID-19 pandemic, with consumption shifting from bars and restaurants to homes.
The easy availability of a comprehensive range of alcoholic beverages on the online platform is a crucial factor that is expected to propel the growth of the market. Boosted alcohol consumption increasing internet penetration is expected to have a positive impact on market growth. Moreover, the adoption of smartphones is accelerating at a rapid rate. Introduction of ready-to-drink alcoholic premixes with natural and health-enhancing ingredients, increased preference for easy product delivery are also expected to witness significant growth opportunities during the forecast period. The inclination of businesses towards online platform to more easily reach customers, along with rapid digitalization in various emerging economies, is further expected to grow exponentially during the forecast period.
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Geographically, the North American region is expected to dominate the market over the forecast period owing to the increase in e-commerce alcohol platforms and rapid adoption of modern technologies. Likewise, the Asia Pacific The region is also expected to show the fastest growth due to changing lifestyles and increase in online delivery applications.
Some of the Key Alcoholic Beverage E-Commerce Platform Market Players are Drizly, Wine.com, Total Wine, Minibar, Fresh Direct, BevMo! Corporation, Safeway, Harris Teetar, Walmart To Go, Delivery.com, Vivino, Thirstie, Danta, Naked Wines, Lot18, WineAccess, Flaviar, Winc, Saucey, Bright Cellars, City Hive Inc., Handoff, SevenFifty, Bottlecapps, Provi, Peapod, DRINKS and other major players.
In October 2021, Uber Technologies, Inc. has completed the acquisition of Drizly. Through this acquisition, two companies plan to integrate their complementary delivery applications and services. The acquisition accelerates Uber’s efforts to similarly monetize its grocery business, which is a critical part of making this business model profitable. Drizly has experience selling advertising inventory to consumer packaged goods (CPG) companies, ensuring that Uber provides a full grocery offering (i.e. including alcohol) on almost all major markets.
In April 2021, Bottlecapps, the fastest growing full-service e-commerce developer for the liquor industry, has announced the expansion of its offerings with its free liquor delivery platform, BottleRover. BottleRover is the first of its kind to offer free shipping at no charge to end users and participating liquor stores.
In June 2021, Bright Cellars, an online wine membership service, announced a partnership with the It Gets Better project. This partnership aims to lift the glass on individual experiences and continue to work towards inclusivity and acceptance among LGBTQ+ youth around the world. In June, Bright Cellars will donate 50% of proceeds from this campaign to help support the Its Gets Better project to expand its storytelling initiatives, educational programming and global affiliate network.
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Global Alcoholic Beverage E-Commerce Platforms Market Size (Value in Million US$) and Forecast and Trend Analysis, 2022 to 2030 based on Some products
- Distilled spirits
- Hard Kombucha
- hard seltzer
- Cocktails and Long Drinks
- Other RTD/flavored products
Global Alcoholic Beverage E-Commerce Platforms Market Size (Value in Million US$) and Forecast and Trend Analysis, 2022 to 2030 based on Apps
Global Alcoholic Beverage E-Commerce Platforms Market Size (Value in Million US$) and Forecast and Trend Analysis, 2022 to 2030 based on Distribution channels
- Direct to consumer
- Online liquor stores
- Online Grocery
- Authorized specialist retailers
- Other distribution channels
Global Alcoholic Beverage E-Commerce Platforms Market Size (Value in Million US$) and Forecast and Trend Analysis, 2022 to 2030 based on Region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
North America alcoholic beverage e-commerce platform market revenue (USD billion) by country, from 2022 to 2030
Europe alcoholic beverage e-commerce platform market revenue (USD billion) by country, from 2022 to 2030
- Rest of Europe
Asia-Pacific alcoholic beverage e-commerce platform market revenue (USD billion) by country, from 2022 to 2030
- South Korea
- Australia & New Zealand
Latin America alcoholic beverage e-commerce platform market revenue (USD billion) by country, from 2022 to 2030
- Rest of Latin America
the Middle East & Africa Alcoholic Beverages E-Commerce Platforms Market Revenue (USD Billion) by Country, 2022-2030
- South Africa
- GCC countries
- The rest of Middle East & Africa
Why Buy This Market Research Report:
- To receive a comprehensive outlook analysis of the Global Alcoholic Beverage E-Commerce Platforms Market
- To receive insight into the industry and future trends of the Alcoholic Beverage E-Commerce Platforms Market
- To analyze Alcoholic Beverages E-Commerce Platforms market drivers and challenges
- To get insights on Alcoholic Beverages E-Commerce Platforms Market Size (Million US$) value forecasted till 2030
- Major Investments, Mergers and Acquisitions in the Alcoholic Beverages E-Commerce Platforms Market Industry
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Other related reports published by InsightAce Analytics:
Global low and non-alcoholic beverages market
Global ready-to-drink (RTD) alcohol market
Global organic wine market
Global Functional Drinks Market
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