According to a new report published by Allied Market Research, titled,“Bahrain Alcoholic Beverages Market by Type, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2018 – 2025, “the Bahrain Alcoholic Beverages market was valued at $24,853 thousand in 2017, and is projected to reach $30,405 thousand by 2025, growing at a CAGR of 2.5% from 2018 to 2025. The distilled spirits type segment accounted for maximum share in 2017.
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They contain ethanol yielded from fermentation of grains, fruits, or other sugar sources. They supply calories along with very few essential nutrients.
Alcoholic beverages are segmented based on their type, which include beer, wine, distilled spirits, and others. These types have different methods of preparation and are characterized by different effects and tastes. They have a prolonged effect on the human brain with a depressant action. Beer from cereal grains, wine from grapes, and other distilled beverages are sold as commodities. The pricing of these beverages is essentially determined by the cost of production and the duties levied on those costs.
The demand for distilled spirits in the Bahrain alcoholic beverages industry is relatively high, owing to the increase in number of younger population and rise in disposable income. Also, the cocktails available in the market contain distilled spirits and are characterized by unique tastes and experiences. However, high cost of premium/super premium products and upsurge in demand for non-alcoholic beverages, owing to health concerns are expected to hamper the Bahrain alcoholic beverages market growth during the forecast period. In addition, taxations and higher excise duties on imported as well as local alcoholic beverages also inhibits the Bahrain alcoholic beverages market growth.
On the contrary, introduction of healthier variety of spirits and other alcoholic beverages is expected to offer lucrative opportunities for the Bahrain alcoholic beverages market players.
The major companies profiled in the report include Anheuser-Busch InBev (AB InBev), BAVARIA N.V., Brown-Forman, Carlsberg Group (Carlsberg), Diageo PLC (Diageo), Glen Moray, Heineken N.V., Bacardi Global Brands Limited, Chivas Holdings Limited, and United Dutch Breweries B.V.
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