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:
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.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
Most recent update: Jun 2024
Source: Statista Market Insights
Most recent update: Jun 2024
Source: Statista Market Insights
Most recent update: Jun 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Market Insights
Most recent update: Jun 2024
Source: Statista Market Insights
The Alcoholic Drinks market in Turkey has been experiencing significant growth in recent years.
Customer preferences: Turkish consumers have shown a growing interest in premium and craft alcoholic beverages. This trend is driven by a desire for higher quality products and a willingness to pay a premium for unique and authentic experiences. Additionally, there is a growing demand for healthier options in the alcoholic drinks market, with consumers seeking low-alcohol or alcohol-free alternatives.
Trends in the market: One of the key trends in the Turkish alcoholic drinks market is the rise of local craft breweries and distilleries. These small-scale producers are gaining popularity among consumers who appreciate the unique flavors and artisanal production methods. This trend is also supported by the increasing number of specialty bars and restaurants that offer a wide selection of craft beers and spirits. Another trend in the market is the growing popularity of wine. Turkey has a rich history of winemaking, and domestic wine production has been on the rise. Turkish consumers are becoming more knowledgeable about wine and are willing to explore different grape varieties and regions. This trend is also fueled by an increase in wine tourism, with visitors to Turkey's wine regions enjoying tastings and vineyard tours.
Local special circumstances: Turkey has a predominantly Muslim population, and the consumption of alcohol is subject to cultural and religious considerations. While the country has a thriving alcoholic drinks market, there are certain restrictions and regulations in place. For example, the sale of alcohol is prohibited between certain hours, and advertising of alcoholic beverages is restricted. These factors can impact the availability and visibility of alcoholic drinks in the market.
Underlying macroeconomic factors: The growth of the Alcoholic Drinks market in Turkey is also influenced by macroeconomic factors. Turkey has experienced steady economic growth in recent years, which has contributed to an increase in disposable income and consumer spending. As a result, consumers have more money to spend on discretionary items such as alcoholic beverages. Additionally, the country's growing tourism industry has also played a role in driving the demand for alcoholic drinks, as visitors to Turkey often seek out local beverages as part of their cultural experience. In conclusion, the Alcoholic Drinks market in Turkey is experiencing growth due to changing customer preferences, including a demand for premium and craft beverages. The rise of local craft breweries and distilleries, as well as the growing popularity of wine, are key trends in the market. However, the cultural and religious considerations surrounding alcohol consumption, as well as certain regulations, can impact the market. The overall macroeconomic factors, including economic growth and tourism, also contribute to the development of the market.
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.
Notes: Based on IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights