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Alcoholic Drinks - Gabon

Gabon
  • Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Alcoholic Drinks market amounts to US$625.5m in 2024.
  • Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$90.2m in 2024.
  • Revenue, combined amounts to US$715.7m in 2024.
  • The revenue, at home is expected to grow annually by 2.50% (CAGR 2024-2029).
  • In global comparison, most revenue, at home is generated China (US$208bn in 2024).
  • In relation to total population figures, the average revenue per capita, at home of US$251.80 are generated in 2024.
  • In the Alcoholic Drinks market, volume, at home is expected to amount to 191.3m L by 2024.
  • Volume, out-of-home is expected to amount to 12.8m L in 2024.
  • Volume, combined is expected to amount to 204.0m L in 2024.
  • The Alcoholic Drinks market is expected to show a volume growth, at home of 0.2% in 2025.0.
  • The average volume per person, at home in the Alcoholic Drinks market is expected to amount to 76.98L in 2024.

Definition:

The Alcoholic Drinks market includes all alcoholic beverages that are produced by fermentation or distillation.

Structure:

The Alcoholic Drinks market is divided into 5 markets:

  • The Beer market encompasses fermented beverages based on malt. The Beer market is further divided into the markets Alcoholic Beer and Non-Alcoholic Beer.
  • The Spirits market encompasses alcoholic beverages that are produced through the distillation of wine, fermented fruits, or grains. It contains the Whisky, Vodka, Rum, Gin, Brandy, Soju, Tequila, and Liqueurs & Other Spirits markets.
  • The Wine market encompasses all fermented juices made from grapes. The Wine market is further divided into Still Wine (Red Wine, White Wine, and Rosé Wine), Sparkling Wine, and Fortified Wine.
  • The Cider, Perry & Rice Wine market encompass all wines made from fruits other than grapes, grains, or other plants.
  • The Hard Seltzer market encompasses alcoholic beverages made with carbonated water, alcohol, and often fruit flavoring.

Additional information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per liter, as well as sales channels. Per capita figures refer to a country’s or region’s whole population.

At-home market data covers retail sales via super- and hypermarkets, eCommerce, convenience stores, and similar sales channels. Out-of-home market data includes all sales in hotels and restaurants, sales by catering companies, as well as sales in cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. All prices are valued at retail selling prices, including all sales and consumption taxes.

Key players include Anheuser-Busch InBev (e.g., Corona, Bud Light, and Michelob), Diageo (e.g., Johnnie Walker, Guinness, and Tanqueray), Heineken, and Molson Coors.

In-Scope

  • Alcoholic & Non-Alcoholic Beer
  • Wine
  • Spirits
  • Cider, Perry and Rice Wines
  • Hard Seltzer

Out-Of-Scope

  • Non-Alcoholic Beverages derived from Wine or Spirits
Alcoholic Drinks: market data & analysis - Cover

Market Insights Report

Alcoholic Drinks: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Price

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Alcoholic Drinks market in Gabon has been experiencing significant growth in recent years. Customer preferences in the Alcoholic Drinks market in Gabon have been shifting towards premium and high-quality products. Consumers are increasingly willing to spend more on alcoholic beverages that offer unique flavors and superior quality. This trend is driven by a growing middle class and increasing disposable income, which has led to a rise in demand for premium products. Additionally, consumers are becoming more health-conscious and are seeking out alcoholic beverages that are made with natural ingredients and have lower alcohol content. This has led to a surge in demand for craft beers, organic wines, and low-alcohol spirits. One of the key trends in the Alcoholic Drinks market in Gabon is the growing popularity of locally produced beverages. Consumers are showing a preference for locally brewed beers, wines, and spirits, as they are seen as more authentic and supportive of the local economy. This trend is also driven by the increasing number of microbreweries and wineries in the country, which are producing unique and high-quality beverages that cater to local tastes. The rise of local brands is also fueled by a desire for cultural identity and a sense of national pride. Another trend in the Alcoholic Drinks market in Gabon is the increasing demand for ready-to-drink (RTD) beverages. RTD beverages, such as pre-mixed cocktails and canned wines, are gaining popularity among consumers due to their convenience and ease of consumption. These products are particularly appealing to younger consumers who are looking for convenient and portable options for social gatherings and outdoor activities. The availability of a wide range of flavors and varieties in the RTD segment is also contributing to its growth. Local special circumstances in Gabon, such as the country's rich cultural heritage and tourism industry, are playing a significant role in the development of the Alcoholic Drinks market. Gabon is known for its diverse wildlife and natural beauty, which attracts tourists from around the world. This has led to an increase in demand for alcoholic beverages, particularly local spirits and wines, as tourists seek to experience the local culture and flavors. Additionally, Gabon has a strong tradition of brewing and distilling, which has created a favorable environment for the growth of the Alcoholic Drinks market. Underlying macroeconomic factors, such as population growth, urbanization, and economic stability, are also driving the development of the Alcoholic Drinks market in Gabon. The country's population is growing at a steady rate, leading to an increase in the number of potential consumers. Urbanization is also on the rise, with more people moving to cities and adopting urban lifestyles. This urbanization trend is accompanied by an increase in disposable income and a shift in consumer preferences towards premium products. Furthermore, Gabon has maintained a stable economy, which has created a favorable business environment for the Alcoholic Drinks market. In conclusion, the Alcoholic Drinks market in Gabon is experiencing growth due to shifting customer preferences towards premium and high-quality products, the increasing popularity of locally produced beverages, the demand for ready-to-drink options, local special circumstances, and underlying macroeconomic factors.

    Methodology

    Data coverage:
    The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

    Modeling approach:
    Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on alcoholic beverages, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

    Forecasts:
    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

    Additional notes:
    The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.

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    Alcoholic Drinks: market data & analysis - BackgroundAlcoholic Drinks: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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