Press release
European Wine Market: Industry Trends, Market Size, Competitive Analysis and Forecast - 2019-2025
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.
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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.
The major companies operating in the European wine market include Bacardi, Ltd., Carlsberg Breweries A/S, DGB (Pty) Ltd., Diageo PLC, Halewood International, Ltd., Heineken Holding N.V., Kirin Holdings Co. Ltd., Molson Coors Brewing Co., and SABMiller PLC.
These companies are actively introducing new products in the market to maintain its market share. For instance, In September 2019, the company has signed an agreement to acquire Castle Brands which is a US-based liquor manufacturer. This acquisition has enabled the company to strengthen its market footprints in growing the US market.
A full report of European Wine Market is available at https://www.omrglobal.com/industry-reports/european-wine-market
European Wine Market-Segmentation
By Type
• Still Wine
• Sparkling Wine
• Dessert Wine
• Fortified Wine
By Distribution Channel
• Online
• Offline
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.
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Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +1 646-755-7667, +91 780-304-0404
Orion Market Reports (OMR) endeavors to provide an exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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