Increased Consumption of Alcohol Beverages and Increasing Merger and Acquisition on Large Scale are the factors expected to drive the Europe Alcoholic Beverages Market in the forecast period of 2019 to 2026

Europe alcoholic beverages market is projected to register a substantial CAGR in the forecast period 2019 to 2026. The new market report contains data for the historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

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Drivers: Europe Alcoholic Beverages Market

  • Increased consumption of alcohol beverages
  • Increasing merger and acquisition on large scale

Restraints

  • Shifting demand towards non-alcoholic beverages
  • Regulatory scenario

OPPORTUNITIES

  • Increased in disposable income
  • Usage of alcoholic beverage in social parties

 CHALLENGES

  • Alcohol abuse
  • High prices of premium beer

Market Trends

  • On the basis of type, the market is segmented into beer, distilled spirits, wine, champagne, brandy, ciders, others. The beer segment is likely to grow at the highest CAGR in the forecast period of 2019 to 2026.
  • On the basis of packaging, the market is segmented into bottles, cans and tetra packs.
  • On the basis of product type, the market is segmented into flavoured, unflavoured.
  • On the basis of distribution channel, the market is segmented into convenience stores, specialty stores, online retailers, hotels/restaurants/bars, others.

Major Players: Europe Alcoholic Beverages Market

Some of the major players operating in this market are SUNTORY HOLDINGS LIMITED., Brown-Forman , Anheuser-Busch InBev, UNITED BREWERIES LTD., Molson Coors Brewing Company, Accolade Group LLC, Heineken Holding N.V., Asahi Group Holdings, Ltd. Pernod Ricard, Carlsberg Breweries A/S, Diageo, Kirin Holdings Company Limited, Bronco Wine Company, Bundaberg Brewed Drinks, Constellation Brands, Inc., DGB, Edrington and among others.