The European alcoholic beverages market is estimated to grow at a CAGR of 2.8% during the forecast period. In 2018, the European market was valued at $263.6 billion and estimated to reach $316.6 billion in 2025. Europe is one of the major producers and consumers of alcoholic beverages globally. As per the WHO, in 2016, an average of 170 grams per capita of alcohol is consumed per week in Europe. Men consume 18.3 liters of pure alcohol in a week whereas women consume 4.7 liters of alcohol in a week. Around 72% of the population reported that they had consumed alcohol in the last 12 months (83.3% men and 61.4% women).
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Currently, there is a wide range of flavors available for use in spirits, beer, cider and wine. Distilled spirits are flavored utilizing herbs, fruits, chocolates, botanicals and spices, to offer special taste in their alcoholic beverages and meet customers’ requirement. The increasing availability of distilled spirits with innovative natural flavors is leading to a significant range of options for consumers that allows consumers to opt for the alcoholic beverage of their choice.
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Furthermore, the European alcoholic beverages market consists of several players that are manufacturing and marketing various types of alcoholic beverages to cater to a wide range of customers from around the globe. The key players that are active in the market include Carlsberg A/S, Diageo PLC, Suntory Holdings Ltd., and Anheuser-Busch InBev SA/NV. These players adopt various strategies in order to remain competitive in the European alcoholic beverages market.
Some of the strategies followed by market players include mergers and acquisitions, product offering expansion, geographical expansion, and partnerships and collaborations. For instance, In May 2019, Asahi group Holding ltd., announce that Asahi Europe, Ltd. a subsidiary of Asahi completed the acquisition of the premium beer and cider business of Fuller, Smith and Turner PLC that operates pubs, hotel, and premium beer and cider business. With this acquisition, the company has expanded its current product line.
Market Segmentation
European Alcoholic Beverages Market by Type
- Beer
- Distilled Spirit
- Wine
European Alcoholic Beverages Market by Packaging Type
- Glass Bottles
- Cans
- Others (Plastic Bottles)
Regional Analysis
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
Company Profiles
- Anheuser-Busch InBev
- Carlsberg Breweries A/S
- Diageo PLC
- Freixenet S.A.
- Groupe Castel
- Gruppo Campari
- Halewood International, Ltd.
- Heineken Holding N.V.
- Pernod Ricard SA
- The Warsteiner Group
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
