South Africa Alcoholic Beverage Market (2020-2026) | Share, Trends, Growth, Size, industry, Forecast, Revenue, Value, outlook & COVID-19 IMPACT

Latest Development (2022) in South Africa Alcoholic Beverage Market 

Increasing disposable income coupled with acceptance of occasional drinking is driving the growth of the market. Rising urbanization along with the increasing introduction of innovative products by manufacturers is providing the lucrative opportunity for the South Africa Alcoholic beverages market growth. Moreover, the rising number of social drinkers along with the surging working population is also proliferating the development of the market. The increasing middle-class population backed by low content of alcohol in beers is adding to the South Africa Alcohol Beverage Market share. The rising number of retail channels along with a busy life schedule is propelling the market growth. 

South Africa Alcoholic Beverage Market Synopsis

South Africa Alcoholic Beverage Market report is a part of the Global Alcoholic Beverage Market and thoroughly covers the market by Types, Packaging, and Distribution Channels. South Africa Alcoholic Beverage outlook report provides an unbiased and detailed analysis of the ongoing South Africa Alcoholic Beverage trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

South Africa Alcoholic Beverage Market is expected to register moderate growth during the forecast period 2020-26F owing to a slowdown in alcohol consumption across the country on the back of rising health concerns amongst the population, which is obstructing the consumption of alcohol. Further, a fall in wine production and a 14 percent hike in tax on wine in the country have led to increased prices of the beverage leading to restraint in the growth of the South Africa alcoholic beverage market in the coming years.

According to 6Wresearch, South Africa Alcoholic Beverage Market is anticipated to witness growth during the forecast period 2020-2026F. The slowdown in alcohol consumption across the country. Further, poor wine harvests in 2018 have led to an increased price of the latter beverage along with a 14 percent hike in tax on wine. A slow wine production would hamper the sales volume of spirit and would be a restraint for the growth of the South Africa alcoholic beverage market in the coming years. 

South Africa Alcoholic Beverage market is expected to witness growth during the forecast period 2020-26F owing to the growing number of prosperous young adults gaining interest in alcohol consumption coupled with the premiumization of beer, wine, and other light alcohol-based beverages in developed and developing countries across the region. South Africa, evolving as a great contributor to the consumption of alcohol in terms of per capita alcohol consumption is witnessing potential demand for alcoholic beverages coupled with a wide range of beverages offered by the domestic manufacturers in the developed countries across the region. Moreover, a spur in economic activities across the region along with development in the retail market is expected to trigger market growth for the alcoholic beverage market in South Africa in the near future.

South Africa Alcoholic Beverage Market is projected to witness substantial growth during the forecast period 2020-26F backed by the rising import of whiskey in the country due to a large Alcoholic consumer base. Further, Umqombothi is a famous Alcoholic drink consumed during an occasional social gathering with friends and family, therefore occasional celebration is expected to act as a growth proliferator factor for the Alcoholic market in the forthcoming years. Additionally, South Africa is attributed as a good wine producer which has led to the export of wine to the following countries Germany and France are the top wine importing countries and are expected to spur the progressive growth of the South Africa Alcoholic Beverage market in the coming timeframe.

Market Analysis by Types

On the basis of types, beer is anticipated to dominate the overall revenue share in the South Africa alcoholic beverage market during the projected period owing to increasing preference and reasonable prices of the beverage. South Africa consumes a large volume of beer consumed each year with around 77 percent of the total alcohol drinkers population indulging in the consumption of beer. Thus, despite a shortfall in the production of wine, increasing beer consumption in South Africa is expected to benefit the growth of the overall South Africa alcoholic beverage market over the forecast period.

COVID-19 Impact on South Africa Alcohol Beverage Market

The spread of the COVID-19 virus is likely to contribute to the decline of the alcoholic beverage industry in the country in the first few months of 2020 on the back of laws imposed by the South African government to ban the manufacture as well as sales of alcohol during the lockdown period. would lead to a decline in revenues of the South Africa Alcoholic Beverage market during 2020. However, the measures would be relaxed as the outbreak registers to slow down, thus leading to a recovery in the latter part of 2020.

Key Players in the Market

Some of the key players in South Africa Alcohol Beverage Market are:

• Anheuser-Busch InBev NV.
• PepsiCo Inc.
• Coca Cola.
• Kingsley Beverages.
• Diageo PLC

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• South Africa Alcoholic Beverage Market Overview
• South Africa Alcoholic Beverage Market Outlook
• South Africa Alcoholic Beverage Market Forecast
• South Africa Alcoholic Beverage Market Size and South Africa Alcoholic Beverage Market Forecast until 2025
• South Africa Alcoholic Beverage Market Share, By Types
• South Africa Alcoholic Beverage Market Share, By Packaging
• South Africa Alcoholic Beverage Market Share, By Distribution Channels
• South Africa Alcoholic Beverage Market Share, By Region
• Historical Data of South Africa Alcoholic Beverage Market Revenues and Volume for the period, 2015-2018
• Market size and Forecast of South Africa Alcoholic Beverage Market Revenues and Volume until 2025
• Historical Data of South Africa Alcoholic Beverage Market Revenues and Volume, By Types, for the Period 2015-2018
• Market size and Forecast of South Africa Alcoholic Beverage Market Revenues and Volume, By Types, until 2025
• Historical Data of South Africa Alcoholic Beverage Market Revenues and Volume, By Packaging, for the Period 2015-2018
• Market size and Forecast of South Africa Alcoholic Beverage Market Revenues and Volume, By Packaging, until 2025
• Historical Data of South Africa Alcoholic Beverage Market Revenues and Volume, By Distribution Channels, for the Period 2015-2018
• Market size and Forecast of South Africa Alcoholic Beverage Market Revenues and Volume, By Distribution Channels, until 2025
• Historical Data of South Africa Alcoholic Beverage Market Revenues and Volume, By Region, for the Period 2015-2018
• Market size and Forecast of South Africa Alcoholic Beverage Market Revenues and Volume, By Region, until 2025
• South Africa Alcoholic Beverage Market Drivers and Restraints
• South Africa Alcoholic Beverage Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• South Africa Alcoholic Beverage Market Opportunity Assessment
• South Africa Alcoholic Beverage Market Revenue Share, By Company
• South Africa Alcoholic Beverage Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The South Africa Alcoholic Beverage Market report provides a detailed analysis of the following market segments:

By Types:

• Beer
• Spirit
• Wine

By Packaging:

• Plastic Bottles
• Glass Bottles
• Cans 

By Distribution Channels:

• Hypermarkets/Supermarkets
• Online Retail Stores
• Specialty Stores
• Restaurants/Bars

South Africa Alcoholic Beverage Market: FAQs