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2017 "Vodka" In-Depth Industrial and Market studies in Nordic Countries With Forecast 2019 (Point - 1.Growing Cocktail Culture, 2.Distribution Channel and Analysis, 3.Leading Vendors, 4.Pofitable Trend)
Albany, New York, Feb 21, 2017- Market overview of the Nordic vodka market
Technavios market research analyst predicts the Nordic vodka market to grow at a CAGR of around 4% during the forecast period. The rising demand for premium vodka and the growing cocktail culture are the key drivers for the growth of the market. The region is witnessing a growth in bars exclusively dedicated for cocktails. For instance, 1105 and Curfew are bars that are exclusively dedicated for cocktails in Copenhagen, Denmark.
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The high taxation imposed on alcoholic drinks in the Nordic region is expected to deter the growth of the market during the forecast period. For instance, Norway imposes around USD 97 per liter of 100% alcohol as an excise tax. The average tax imposed by most of the European Union countries on per liter of 100% alcohol is around USD 7.
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