JERSEY CITY, NJ, March 7, 2022 /PRNewswire/ — InsightAce Analytic Pvt. ltd announces the release of a market valuation report “Global Alcoholic Beverage E-Commerce Platform Market (products (wine, beer, distilled spirits, hard kombucha, hard seltzer, cocktails and long drinks and other RTD/flavored products), applications (commercial, consumer), distribution channels (direct to consumer, online liquor stores, online grocery stores, licensed specialty retailers and other distribution channels)) – following industry competitive analysis, future trends, revenue and forecasts to 2030.”
According to the latest version of the market research report, the global market size for Alcoholic Beverage Ecommerce Platforms is estimated $2.19 billion in 2021 and is expected to be achieved $30.5 billion in 2030 and registers a promising CAGR of 34.3% from 2022 to 2030.
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The development of e-commerce in the food and beverage service market has been fueled by the tremendous spread of the internet. Selling online helps businesses enter new markets and increase sales and revenue profits. The new technology has created a new trend and experience for consumers to buy different types of spirits and have them delivered to their homes. Due to the growing number of online grocery stores, online liquor stores and online specialty stores, the demand for e-commerce for alcoholic beverages is growing.
In addition, the COVID-19 pandemic is having a positive impact on the alcoholic beverages e-commerce sector. During the Covid-19 pandemic, premiumization increased significantly as customers explored new ways to recreate similar experiences at home in bars and restaurants. Premiumization is driven by product innovation and fueled by increasing wealth and disposable income, and a greater desire to try new experiences and ingredients. The online channel has seen strong growth of late, fueled by the pandemic, which is driving consumer money online and retailers expanding the reach of their online alcohol offerings. The alcohol e-commerce industry is experiencing a massive increase in sales due to changing drinking habits as a result of the COVID-19 pandemic, with consumption shifting from bars and restaurants to homes.
The easy availability of a full range of alcoholic beverages on the online platform is a crucial factor that is expected to drive the market growth. Fueled alcohol consumption, which increases internet penetration, is expected to have a positive impact on market growth. In addition, the adoption of smartphones is accelerating rapidly. The introduction of alcoholic ready-to-drink premixes with natural and health-promoting ingredients along with the increased preference for easy product dispensing is also expected to bring significant growth opportunities over the forecast period. The propensity of companies to online platform to reach customers more easily, as well as the rapid digitization in various emerging countries are expected to keep growing exponentially during the forecast period.
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Geographically, the North American region is expected to dominate the market over the forecast period due to the rise of liquor e-commerce platforms and the rapid adoption of modern technologies. Likewise the Asia Pacific The region is also expected to see the fastest growth due to changing lifestyles and increasing online delivery applications.
Some of the major players in the Alcohol Beverage Ecommerce Platform Market 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, Bottlecaps, Provi, Peapod, DRINKS and other prominent players.
in the October 2021, Uber Technologies, Inc. has completed the acquisition of Drizly. Through this acquisition, two companies plan to integrate their complementary delivery apps and services. The acquisition accelerates Uber’s efforts to similarly monetize its grocery stores, which is a key part of making this business model viable. Drizly has experience selling promotional inventory to Consumer Packaged Goods (CPG) companies and ensures that Uber offers a full grocery offering (ie including alcohol) in almost all major markets.
in the April 2021, Bottlecapps, the fastest growing full-service e-commerce developer serving the beverage alcohol industry, announced the expansion of its offering with its BottleRover free alcohol delivery platform. BottleRover is the first of its kind to offer free delivery at no cost to consumers and participating liquor stores.
in the June 2021, Bright Cellars, an e-commerce membership service for wine, announced a partnership with the It Gets Better Project. This partnership is designed to spark individual experiences and continue to work towards inclusion and acceptance among young LGBTQ+ people worldwide. In June, Bright Cellars will donate 50% of proceeds from this campaign to support the Its Gets Better project to expand its storytelling initiatives, educational programs and global affiliate network.
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Global Alcoholic Beverage E-Commerce Platform Market Size (Million USD Value) & Forecasts & Trend Analysis, 2022 To 2030 Based On Products
- Hard kombucha
- Hard seltzer
- cocktails and long drinks
- Other RTD/flavored products
Global Alcoholic Beverage E-Commerce Platform Market Size (Million USD Value) & Forecasts & Trend Analysis, 2022 To 2030 Based On applications
Global Alcoholic Beverage E-Commerce Platform Market Size (Million USD Value) & Forecasts & Trend Analysis, 2022 To 2030 Based On distribution channels
- Straight to the consumer
- Online Liquor Stores
- Online Grocery Store
- Licensed retailers
- Other Distribution Channels
Global Alcoholic Beverage E-Commerce Platform Market Size (Million USD Value) & Forecasts & Trend Analysis, 2022 To 2030 Based On region
- North America
- Asia Pacific
- Latin America
- middle East & Africa
North America Alcoholic Beverage E-Commerce Platforms Market revenue (Bn USD) by country, from 2022 to 2030
Europe Alcoholic Beverage E-Commerce Platforms Market Revenue (US$ Billion) by Country, 2022-2030
- the rest of Europe
Asia-Pacific Alcoholic Beverage E-Commerce Platforms Market Revenue (US$ Billion) by Country, 2022-2030
- South Korea
- Australia & New Zealand
Latin America Alcoholic Beverage E-Commerce Platforms Market Revenue (US$ Billion) by Country, 2022-2030
- the rest of Latin America
the middle East & Africa Alcoholic Beverage E-Commerce Platforms Market Revenue (Billion US$) by Country, 2022 to 2030
- South Africa
- GCC countries
- The rest of middle East & Africa
Why You Should Buy This Market Research Report:
- To provide a comprehensive analysis of the prospects for the global Alcoholic Beverage E-Commerce Platforms market
- Get an industry overview and future trends of the Alcoholic Beverage E-Commerce Platform market
- Analysis of the market drivers and challenges for e-commerce platforms for alcoholic beverages
- To Obtain information about Alcohol Beverage Ecommerce Platforms Market Size Value (Million USD) forecast to 2030
- Major investments, mergers and acquisitions in the Alcoholic Beverages E-commerce Platforms Market industry
For more information, visit https://www.insightaceanalytic.com/report/global-alcoholic-beverage-e-commerce-platforms-market/1210
Other related reports published by InsightAce Analytics:
Global market for low-alcohol and non-alcoholic beverages
Global Ready-to-Drinks (RTDs) Alcohol Market
Global organic wine market
Global Functional Beverages Market
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