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West Africa Alcoholic Beverages Market Size, Demand, Industry Overview and Forecast by 2022-2027

 According to the latest report by IMARC Group, titled "West Africa Alcoholic Beverages Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the West Africa alcoholic beverages market reached a value of US$ 11.7 Billion in 2021. Alcoholic beverages are drinks that are made by fermenting sugars found in fruits, berries and grains. They utilize yeast for initiating anaerobic fermentation that is essential in converting the sugar into ethanol and carbon dioxide. The flavors and aromas of the beverages vary depending upon the fermentable material used in the process. The alcohol content of the drinks also differs according to their storage period and the container they are placed in. Widely consumed as rejuvenating and recreational drinks, they are available in the market in the form of beers, ciders, wines and spirits.

Request for a PDF sample of this report: https://www.imarcgroup.com/west-africa-alcoholic-beverages-market/requestsample

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

West Africa Alcoholic Beverages Market Trends:

The market is primarily driven by the increasing preference for branded alcoholic drinks in the West African region. The locals have largely relied on making their own alcohol over the years with the use of home-grown crops due to the low costs associated with it. 

However, with the inflating disposable income levels of the masses and an overall strong economic growth in the region, there is a shift from home- or locally-brewed drinks toward branded alcoholic beverages, especially among the urban population. 

Apart from this, numerous international players are heavily investing in the untapped market of West Africa, thereby creating numerous growth opportunities in the market, which is acting as a major growth-inducing factor. 

In line with this, the easy availability of raw materials and cheap labor aids significantly in attracting foreign investors, which, in turn, is resulting in the increasing production of branded alcoholic beverages locally. 

This consequently enables in minimizing the manufacturing costs while providing high-quality branded drinks at an affordable price to the consumers. 

Some of the other factors contributing to the market growth include rapid urbanization, the rising preference for flavored alcohol and the growing number of female drinkers in the region. 

On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 6.31% during 2022-2027.



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Competitive Landscape:

  • Diageo Plc
  • Heineken International B.V.
  • Anheuser-Busch InBev
  • Castel Group
  • Kasapreko Company Ltd
  • Tambour Original

Market Segmentation:

Breakup by Product Type:

  • Beer
  • Spirits
  • Wine
  • Others

Breakup by Packaging Type:

  • Glass Bottles
  • Tins
  • Plastic Bottles
  • Others

Breakup by Distribution Channel:

  • Open Markets
  • Supermarkets/Hypermarkets
  • Hotels/Restaurants/Bars
  • Specialty Stores
  • Others

Breakup by Country:

  • Nigeria
  • Cote d’Ivoire
  • Ghana
  • Burkina Faso
  • Republic of Benin
  • Senegal
  • Others

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/west-africa-alcoholic-beverages-market

Key highlights of the report:                                                    

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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IMARC Group

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Sheridan, WY 82801 USA - Wyoming

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

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