European distilled spirits market is estimated to grow at a CAGR of 2.9% during the forecast period. The European distilled spirits industry valued at $98.0 billion in 2018 and is estimated to reach $118.6 billion in 2025. The adoption of distilled spirits is being significantly driven by the rising purchasing power of consumers and increasing demand for beverages with natural flavors. The spirits sector is led by millennials and the young-age population who demand innovative and higher-end products. Therefore, the companies are adding natural flavors to improve the quality of the flavor of alcoholic drinks. 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.
As per FoodDrinkEurope, in 2017, the European Union countries exported drinks (including spirit, wine, beer, mineral water & soft drinks) of worth more than $34 billion, out of which around $12 billion comprises of spirits, $3.8 billion comprises of wine and $12.6 billion of beer with a growth of 5%, 12%, and -2% respectively YoY. Total imports related to drinks were near to $6.6 billion mostly comprises of wine and spirits. Wine import rate has been reduced by 1% YoY in 2017.
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European Distilled Spirits Market Segmentation
By Type
- Whiskey
- Vodka
- Rum
- Gin
- Tequila
- Brandy
- Others
By Distribution Channel
- Online
- Offline
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Regional Analysis
- UK
- Germany
- Spain
- Italy
- France
Rest of Europe
Company Profiles
- Anheuser-Busch InBev
- Carlsberg Breweries A/S
- Constellation Brands Inc.
- Diageo PLC
- Heineken Holding N.V.
- Kirin Holdings Co. Ltd.
- Molson Coors Brewing Co.
- Pernod Ricard S.A.
- SABMiller PLC
- The Boston Beer Company, Inc.
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