Europe Alcoholic Drinks Market Size & Outlook, 2025-2033
The alcoholic drinks market in Europe is expected to reach a projected revenue of US$ 959.5 million by 2033. A compound annual growth rate of 8.6% is expected of Europe alcoholic drinks market from 2025 to 2033.
Revenue, 2024 (US$M)
$462.0
Forecast, 2033 (US$M)
$959.5
CAGR, 2025 - 2033
8.6%
Report Coverage
Europe
Related Markets
Europe alcoholic drinks market highlights
- The Europe alcoholic drinks market generated a revenue of USD 462.0 million in 2024.
- The market is expected to grow at a CAGR of 8.6% from 2025 to 2033.
- In terms of segment, beer was the largest revenue generating type in 2024.
- Hard Seltzer is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Spain is expected to register the highest CAGR from 2025 to 2033.
Europe data book summary
| Market revenue in 2024 | USD 462.0 million |
| Market revenue in 2033 | USD 959.5 million |
| Growth rate | 8.6% (CAGR from 2025 to 2033) |
| Largest segment | Beer |
| Fastest growing segment | Hard Seltzer |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Beer, Spirits, Wine, Cider, Perry & Rice Wine, Hard Seltzer |
| Key market players worldwide | Anheuser-Busch InBev SA/NV, Bacardi, Suntory Beverage & Food Ltd, Constellation Brands Inc Class A, Diageo PLC, Molson Coors Beverage Co Class A, Pernod Ricard SA, Asahi Group Holdings Ltd, Carlsberg A/S Class B |
Other key industry trends
- In terms of revenue, Europe region accounted for 26.0% of the global alcoholic drinks market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,399.7 million by 2033.
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Alcoholic Drinks Market Scope
Alcoholic drinks market segmentation & scope
Others
Alcoholic Drinks Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Bacardi | View profile | 5001-10000 | Hamilton, Hamilton, Bermuda, North America | https://www.bacardilimited.com/ |
| Molson Coors Beverage Co Class A | View profile | 16500 | NH353, P.O. Box 4030, Golden, CO, United States, 80401 | https://www.molsoncoors.com |
| Carlsberg A/S Class B | View profile | 32982 | J.C. Jacobsens Gade 1, Copenhagen, Denmark, 1799 | https://www.carlsberggroup.com |
| Anheuser-Busch InBev SA/NV | View profile | 155000 | Brouwerijplein 1, Leuven, Belgium, 3000 | https://www.ab-inbev.com |
| Asahi Group Holdings Ltd | View profile | 34728 | 1-23-1, Azumabashi, Sumida-ku, Tokyo, Japan, 130-8602 | http://www.asahigroup-holdings.com |
| Constellation Brands Inc Class A | View profile | 10600 | 207 High Point Drive, Building 100, Victor, New York, NY, United States, 14564 | https://www.cbrands.com |
| Diageo PLC | View profile | 30269 | 16 Great Marlborough Street, London, United Kingdom, W1F 7HS | https://www.diageo.com |
| Pernod Ricard SA | View profile | 20617 | 5, Cours Paul Ricard, Paris, France, 75008 | https://www.pernod-ricard.com |
| Suntory Beverage & Food Ltd | View profile | 24641 | 3-1-1 Kyobashi, Tokyo Square Garden, Chuo-ku, Tokyo, Japan, 104-0031 | http://www.suntory.co.jp |
Europe alcoholic drinks market size, by country, 2021-2033 (US$M)
Europe Alcoholic Drinks Market Outlook Share, 2024 & 2033 (US$M)
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