Europe Alcohol Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Europe Alcohol Ingredients market is gowing at a CAGR of 8.0% during the forecast period (2020-2025).

Key Highlights

• At a societal level, the European Union is the heaviest-drinking region in the world, with over one fifth of the European population aged 15 years and above reporting heavy episodic drinking (five or more drinks on an occasion, or 60g alcohol) at least once a week.
• Product innovations, in terms of flavors and packaging, provide growth opportunity to the market. Craft beer has gained popularity among large section of the consumers. The growing popularity of craft beer among the consumers, especially the younger generation, is considered as the major factor of growth.
• The key players working in European industry have expanded their distribution channels and vendor base to improve the accessibility of their products giving further boost to its sales.

Key Market Trends

Growing Preference for Innovative Flavors

Craft spirits and beer are gaining popularity in Europe. The market is majorly driven by the demand from young consumers. These consumers seek authenticity in terms of quality and techniques used for manufacturing alcoholic beverages, such as spirits. The boom in craft industry is led by smaller producers that are launching innovative flavors. Consumer demand for new flavors and experiences has contributed to increased innovation and diversification of product lines which includes all kinds of exciting new infusions. UK group Atom Brands has expanded That Boutique-y Drinks Company with the launch of a third independent bottling venture - That Boutique-y Rum Company and is launching infinite flavor to consumers and helping them to discover new tasty things. BrewDog is another brand that has come up with addition of odd flavors along the way.

United Kingdom Holds a Major Share

In 2017 in England, 56% of men and 64% of women said that they had drunk in the last year and that their average weekly alcohol consumption was no more than 14 units. These statistics says the demand for alcohol in the country which will result in propelling the market studied. The consumption of alcohol is considered as a part of their diet pattern. There has been substantial growth in the sales of craft beer in both the on-trade and off-trade distribution channels in United Kingdom, encouraging the growth of microbreweries, that can cater to the increasing demand for wide range of ingredients. ​The growth in demand of highly customized solutions amongst beer varieties has led to the launch of specialties craft breweries, like gluten-free breweries, across the United Kingdom.

Competitive Landscape

Europe alcoholi ingredients market is a competitive market with the presence of major ingredient manufacturers. ADM, Cargill, DSM, Dohler Group SE, Chr. Hansen Holding A/S etc are the major players operating in the market. Players in the market are expanding their presence in the region to stabilize their production and distribution facilities.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support