The European wine market is estimated to grow at a CAGR of 3.8% during the forecast period. The wine industry valued at $50.4 billion in 2018 and is estimated to reach $65.1 billion in 2025. Alcoholic beverages are among the most traded sectors in the European Union. 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.
As per the WHO, Wine consumption is highest in France with around 59% in 2016 of the total consumption followed by spirit and beer respectively. The excise duty is implemented on beer, wine, and spirit. The minimum age to drink alcoholic beverages is 18 years. Around 24.7% of the people were abstainers in the country in 2016 with 9.8% lifetime abstainers whereas 14.8% had not to drink an alcoholic beverage from the last 12 months.
To Request a Sample of our Report on European Wine Market: https://www.omrglobal.com/request-sample/european-wine-market
European Wine Market by Type
- Still Wine
- Sparkling Wine
- Dessert Wine
- Fortified Wine
By Distribution Channel
- Online
- Offline
A full Report of European Wine Market is Available @ https://www.omrglobal.com/industry-reports/european-wine-market
Regional Analysis
- UK
- Germany
- France
- Italy
- Spain
Rest of Europe
Company Profiles
- Bacardi, Ltd.
- Carlsberg Breweries A/S
- Constellation Brands, Inc.
- DGB (Pty). Ltd.
- Diageo PLC
- Halewood International, Ltd.
- Heineken Holding N.V.
- Kirin Holdings Co. Ltd.
- Molson Coors Brewing Co.
- Pernod Ricard SA
- SABMiller PLC
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
