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European Alcoholic Beverages Market Size, Share and Forecast 2019-2025

European Alcoholic Beverages Market Size, Share and Forecast 2019-2025

The European alcoholic beverages market is estimated to grow at a CAGR of 2.8% during the forecast period. In 2018, the European market was valued at $263.6 billion and estimated to reach $316.6 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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Indian Alcoholic Beverages Market Size, Share and Forecast 2019-2025

Indian Alcoholic Beverages Market Size, Share and Forecast 2019-2025

Indian alcoholic beverages market is estimated to grow at a CAGR of 4.2% during the forecast period. In 2018, the market in India was valued at $36.5 billion and is further estimated to reach $48.0 billion in 2025. The factors contributing to the market growth include increasing demand for alcoholic beverages in the country due to their huge population base, growing consumption of alcohol by the young generation, and rising disposable income. The changing social norms and the growing acceptability of alcohol have led to high and regular alcohol consumption among people in the region. India is one of the major countries in the market due to its demographics & economy. The Indian alcohol industry can be classified into various categories such as IMFL (Indian made foreign liquor), imported liquor, beer and country-made liquor, and others. The rising demand in these categories further contributes to the Indian alcoholic beverages market.

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