Alcoholic Beverage E-Commerce Platforms Market worth $30.5 Billion by 2030 - Exclusive Report by InsightAce Analytic
JERSEY CITY, N.J., March 7, 2022 /PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on "Global Alcoholic Beverage E-Commerce Platforms Market (Products (Wine, Beer, Distilled Spirits, Hard Kombucha, Hard Seltzers, Cocktails and Long Drinks and Other RTD/ Flavored Products), Applications (Commercial, Residential), Distribution Channels (Direct to the consumer, Online liquor stores, Online grocery, Licensed Specialty Retailers, and Other Distribution Channels)) – By Industry Competition Analysis, Future Trends, Revenue and Forecast Till 2030."
According to the market research report's latest version, the global Alcoholic Beverage E-Commerce Platforms market size is valued at US$ 2.19 Billion in 2021, and it is expected to reach US$ 30.5 Billion in 2030, recording a promising CAGR of 34.3% from 2022 to 2030.
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The development of e-commerce in the food and beverages services market has been proliferated through the huge penetration of the internet. Selling online is helping businesses to reach new markets and increase sales and revenue gains. Emerging technology has generated a new trend and experience for consumers to buy various types of liquor and deliver it to their homes. Because of the growing number of online grocery stores, online liquor stores, and online speciality sellers, the demand for e-commerce for alcoholic beverages is growing.
Furthermore, The COVID-19 pandemic positively impacts the E-Commerce sector for alcoholic beverages. During the Covid-19 pandemic, premiumization increased considerably as customers explored new ways to recreate similar experiences at home in bars and restaurants. Premiumisation is fueled by product innovation and encouraged by rising levels of affluence and disposable income and a greater desire to try new experiences and ingredients. The online channel has grown significantly in recent times, fueled by the pandemic driving consumer money online and retailers expanding the reach of their online alcohol offers. The Alcohol E-commerce industry is witnessing a massive boost in sales on account of the changing drinking patterns resulting from the COVID-19 pandemic, with consumption shifting from bars and restaurants to homes.
The easy availability of an inclusive range of alcoholic beverages on the online platform is a crucial factor expected to propel market growth. Spurred consumption of alcohol increasing internet penetration is expected to positively impact market growth. Moreover, The adoption of smartphones is accelerating at a rapid pace. Introduction of alcoholic ready-to-drink premixes with natural and health-promoting ingredients, elevated preference for easy product delivery is also projected to witness significant growth opportunities during the forecast period. The inclination of companies towards the online platform to gain an easier reach for the customers along with rapid digitalization in various emerging economies is further expected to experience exponential growth 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 increasing e-Commerce liquor platforms and fast adoption of modern technologies. Similarly, the Asia Pacific region is also expected to show the most rapid growth due to the changing lifestyle patterns and increasing online delivery applications.
Some of the key players of the Alcoholic Beverage E-Commerce Platforms 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, Bottlecapps, Provi, Peapod, DRINKS, and Other Prominent Players.
Key Developments:
In Oct 2021, Uber Technologies, Inc. completed the acquisition of Drizly. Through this acquisition, two companies are planning to integrate their complementary delivery apps and services. The acquisition accelerates Uber's efforts to monetize its grocery operations in a similar manner, which is a vital component of making that business model profitable. Drizly has experience selling ad inventory to Consumer Packaged Goods (CPG) companies, ensuring that Uber offers a complete grocery offering (i.e. including alcohol) in almost every major market.
In April 2021, Bottlecapps, the fastest-growing full-service e-commerce developer for the beverage alcohol industry, announced the expansion of its offerings with its free alcohol delivery platform, BottleRover. BottleRover is the first of its kind to offer free delivery with zero costs for both the end-users and participating liquor stores.
In June 2021, Bright Cellars, an e-commerce wine membership service, announced a partnership with the It Gets Better Project. This partnership intends to raise a glass to individual experiences and continue working toward inclusivity and acceptance among LGBTQ+ young people worldwide. During 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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Market Segments
Global Alcoholic Beverage E-Commerce Platforms Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2030 based on Products
- Wine
- Beer
- Distilled Spirits
- Hard Kombucha
- Hard Seltzers
- Cocktails and Long Drinks
- Other RTD/ Flavored Products
Global Alcoholic Beverage E-Commerce Platforms Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2030 based on Applications
- Commercial
- Residential
Global Alcoholic Beverage E-Commerce Platforms Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2030 based on Distribution Channels
- Direct to consumer
- Online liquor stores
- Online grocery
- Licensed Specialty Retailers
- Other Distribution Channels
Global Alcoholic Beverage E-Commerce Platforms Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2030 based on Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
North America Alcoholic Beverage E-Commerce Platforms market revenue (US$ Billion) by Country, 2022 to 2030
- The U.S.
- Canada
Europe Alcoholic Beverage E-Commerce Platforms market revenue (US$ Billion) by Country, 2022 to 2030
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia Pacific Alcoholic Beverage E-Commerce Platforms market revenue (US$ Billion) by Country, 2022 to 2030
- India
- China
- Japan
- South Korea
- Australia & New Zealand
Latin America Alcoholic Beverage E-Commerce Platforms market revenue (US$ Billion) by Country, 2022 to 2030
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa Alcoholic Beverage E-Commerce Platforms market revenue (US$ Billion) by Country, 2022 to 2030
- South Africa
- GCC Countries
- Rest of the Middle East & Africa
Why should buy this market research report:
- To receive a comprehensive analysis of the prospects for the global Alcoholic Beverage E-Commerce Platforms market
- To receive industry overview and future trends of Alcoholic Beverage E-Commerce Platforms market
- To analyze the Alcoholic Beverage E-Commerce Platforms market drivers and challenges
- To get information on Alcoholic Beverage E-Commerce Platforms market size value (US$ Mn) forecast till 2030
- Major Investments, Mergers & Acquisition in Alcoholic Beverage E-Commerce Platforms market industry
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Other Related Reports Published by InsightAce Analytic:
Global Low & No Alcohol Beverages Market
Global Ready-to-Drinks (RTDs) Alcohol Market
Global Functional Beverages Market
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