The Alcoholic Beverage E-Commerce Platforms Market Size is valued at 3.73 Billion in 2023 and is predicted to reach 30.64 Billion by the year 2031 at a 30.25% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- Lockdowns & social distancing measures have prompted more consumers to turn to e-commerce platforms for their alcohol purchases, further boosting the growth of the market.
- Regulatory changes in many regions have facilitated the growth of online alcohol sales. Some jurisdictions have relaxed restrictions on the sale and delivery of alcohol, making it easier for e-commerce platforms to operate and expand their reach.
- North America dominated the market and accounted for a global revenue share in 2023.
- Many jurisdictions have strict regulations regarding the sale and delivery of alcohol, including age verification requirements and restrictions on shipping to certain areas.
Alcoholic beverages have witnessed a rapid surge in e-commerce, with practically every product being available on the internet. Alcoholic Beverages E-Commerce refers to selling and purchasing alcoholic drinks via the internet. Over the forecast period, the market will be driven by digital platforms and online delivery apps. The COVID-19 pandemic has positively impacted the Alcoholic Beverage E-Commerce Platforms market. Consumers shifted toward online stores due to situations like lockdown and transportation restrictions. Liquor stores in many countries initiated the facility of online product delivery to prevent mass gathering and coronavirus infection.
The growing demand for online alcohol beverages is anticipated to propel market growth during the forecast period. Moreover, factors like increased consumption of alcohol, increasing smartphone users, a growing number of delivery apps are further driving the market growth. The introduction of ready-to-drink alcoholic beverages, high preference for easy product delivery and changing consumer lifestyle is expected to create lucrative growth opportunities for this market. However, the delivery and packaging cost, the high price of products, taxes on alcoholic beverages, government regulations and limitations, and lack of awareness about the online liquor stores restrain the Alcoholic Beverage E-Commerce Platforms market growth.
Competitive Landscape
Some Of The Key Players In The Alcoholic Beverage E-Commerce Platforms Market:
- Drizly,
- Total Wine,
- Minibar,
- Fresh Direct,
- BevMo! Corporation,
- Safeway,
- Harris Teetar,
- Walmart To Go,
- Vivino,
- Thirstie,
- Danta,
- Naked Wines,
- Lot18,
- WineAccess ,
- Flaviar ,
- Winc ,
- Saucey,
- Bright Cellars,
- City Hive Inc.,
- Handoff,
- SevenFifty,
- Bottlecapps,
- Provi,
- Peapod,
- Drinks,
- Other Prominent Players.
Market Segmentation
The Alcoholic Beverage E-Commerce Platforms market is segmented into Products, Applications, Distribution Channels, and Region. The Products segment is classified into Wine, Beer, Distilled Spirits, and Other Products. The Wine segment is anticipated to drive market growth during the forecast period due to the increasing demand for wine products. By Applications, the market is divided into Commercial and Residential. By Distribution Channels, the market is segmented into Direct to the consumer, Online liquor stores, Online grocery, Licensed Specialty Retailers, and Other Distribution Channels. The Online liquor stores segment dominated the Alcoholic Beverage E-Commerce Platforms market. Geographically, the market is categorized into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa. North America region is projected to dominate this market in the future, followed by the Asia Pacific.
Recent Developments:
- In May 2023, Delivery service for cocktail kits Cocktail Courier has acquired Thirstie, an alcohol e-commerce company. Thirstie assists alcohol brands in establishing direct-to-consumer (DTC) channels by ensuring compliance with design and distribution regulations. Cocktail Courier has incorporated Thirstie's technology into its operations.
The Alcoholic Beverage E-Commerce Platforms Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 3.73 Billion |
|
Revenue Forecast In 2031 |
USD 30.64 Billion |
|
Growth Rate CAGR |
CAGR of 30.25% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Billion and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Product, By Application, By Distribution Channel |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
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. |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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