Food Beverages News
Food, Beverages News & Press Release Distribution
About Us | Contact us


Home | News | Submit Press Release | Submit RSS Feeds
Unlimited Press Release Distribution
Press release distribution service

News Media
BeerPluse
BREWPUBLIC
CraftBeer
Decanter
Chicago Tribune
F&B Food & Beverage News
FBWorld
Financial Times
Food & Beverage Packaging
Food Navigator
Food Business News
Food Engineering
Food Packaging Digest
MeatPoultry.Com
Mobile Marketer
Nation's Restaurant News
New Hope 360
France24
Food Production & Design
The Telegraph
Wine Searcher
Wine Spectator
Food & Beverage News Releases

West Africa Alcoholic Beverages Market Research Report: Industry Overview & Outlook (2019-2024)

 



(Food-Beverage-News.Com, June 26, 2019 ) According to the latest report by IMARC Group, titled “West Africa Alcoholic Beverages Market Report and Forecast 2019-2024”, the market reached a value of US$ 10.3 Billion in 2018, registering a CAGR of 5.9% during 2011-2018. Alcoholic beverages refer to drinks that are produced by fermenting sugar, grains, fruits or berries. In the West African region, locals have traditionally relied on home-grown crops to produce alcoholic beverages as barleys and malts generally used for making beer remained expensive to import. However, with increasing disposable incomes, led by sustained economic growth in the region, there has been a shift from home-brewed drinks to branded products among the newly affluent consumers.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/west-africa-alcoholic-beverages-market/requestsample

Market Trends:

In recent years, several international alcohol brands have invested in the untapped West African alcoholic beverages market. This has facilitated the local production of branded alcohol and minimized their manufacturing costs, thereby, making branded products widely available for consumers. For instance, Anheuser-Busch InBev (AB InBev), the world’s largest beer manufacturer, invested $250 Million for constructing a brewery in Sagamu (Nigeria). Several other brands are introducing flavored alcoholic beverages (FAB) which provide an added palatability to the drinks. In addition to this, they are implementing different marketing strategies for targeting female consumers in the region. Looking forward, the market value is projected to reach US$ 14.2 Billion by 2024, expanding at a CAGR of 5.4% during 2019-2024.

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/west-africa-alcoholic-beverages-market

Market Segmentation:

On the basis of types, the market has been classified into beer, spirits, wine and others. At present, beer dominates the market, holding the largest share as local unregulated home-brews are widely popular in the region.

Based on packaging types, the market has been segregated into glass bottles, tins, plastic bottles and others. Amongst these, glass bottles represent the most popular packaging type as they assist in maintaining the taste of the product.

The market has been divided on the basis of distribution channels which include open markets, supermarkets/hypermarkets, hotels/restaurants/bars, specialty stores and others. Currently, open markets account for the majority of the total market share.

Country-wise, the market has been segregated into Ghana, Nigeria, Burkina Faso, Cote d' Ivoire, Senegal and Republic of Benin. Presently, Nigeria is the leading market, holding the majority of the global share on account of the rising consumption of alcoholic beverages on numerous occasions such as rituals, marriage ceremonies and chieftaincy enthronement.

The competitive landscape of the market has also been examined with some of the key players being Diageo Plc, Heineken, AB InBev, Castel Group, Kasapreko and Tambour Original.

Browse similar reports by IMARC Group: https://www.imarcgroup.com/categories/food-beverages-market-reports

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC Services Pvt. Ltd.

Richard Lewis

6317911145

sales@imarcgroup.com

Source: EmailWire.Com
Food, Beverage News by Sector


Food & Beverage Marketplace

Savings from Online Coupons in Food and Beverages
Download discounted vouchers, coupons as they are updated everyday.
Submit RSS News Feed.
Have your feed on news, products or services displayed under this marketpalce. The feed is also displayed on a full page and updated daily. Add RSS feed Now!



Press release service
Press release distribution service

Food-Beverage-News.Com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © GroupWeb Media LLC. All Rights Reserved.


For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
Copyright 2008 GroupWeb Media LLC



GroupWeb Media Network
AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | iCameroon.com | i-Canada-News.Com | i-SoftwareNews.com | iT-NewsWire.Com
| InvestorsNewsDesk.Com | i-TravelNewsWire.Com | LegalLaw247.com | Medical-NewsWire.com | MiningNewsWire.net | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | Shopping-NewsWire.com | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com |
Food-Beverage-News.Com - Food & Beverages News is press release service of GroupWeb Media LLC