Rising Demand for European Beer Market Key Players, Growth Analysis during 2019-2025
The European beer market is estimated to grow at a CAGR of 2.2% during the forecast period. In 2018, the European beer industry was valued at $115.2 billion and estimated to reach $132.9 billion in 2025. Europe is one of the major producers and consumers of alcoholic beverages globally. As per the WHO, in 2016, an average of 170 grams per capita of alcohol is consumed per week in Europe. Men consume 18.3 liters of pure alcohol in a week whereas women consume 4.7 liters of alcohol in a week. Around 72% of the population reported that they had consumed alcohol in the last 12 months (83.3% men and 61.4% women).
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Currently, there is a wide range of flavors available for use
in spirits, beer, cider and wine. Furthermore, the European beer market
consists of several players that are manufacturing and marketing various types
of alcoholic beverages to cater to a wide range of customers from around the
globe. The key players that are active in the market include Carlsberg A/S,
Diageo PLC, Suntory Holdings Ltd., and Anheuser-Busch InBev SA/NV. These
players adopt various strategies in order to remain competitive in the European
market.
Some of the strategies followed by market players include
mergers and acquisitions, product offering expansion, geographical expansion,
and partnerships and collaborations. For instance, In May 2019, Asahi group
Holding ltd., announce that Asahi Europe, Ltd. a subsidiary of Asahi completed
the acquisition of the premium beer and cider business of Fuller, Smith and
Turner PLC that operates pubs, hotel, and premium beer and cider business. With
this acquisition, the company has expanded its current product line.
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European Beer Market Segmentation
By Type
·
Lager
·
Ale
·
Others
By Category
·
Regular Beer
·
Premium Beer
By Packaging Type
·
Glass Bottles
·
Cans
·
Others (Plastic Bottles)
Regional Analysis
·
UK
·
Germany
·
France
·
Spain
·
Italy
Rest of Europe
Company Profiles
·
Anheuser-Busch InBev
·
Carlsberg Breweries A/S
·
Diageo PLC
·
Freixenet S.A.
·
Groupe Castel
·
Gruppo Campari
·
Halewood International, Ltd.
·
Heineken Holding N.V.
·
Pernod Ricard SA
·
The Warsteiner Group
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