Europe Alcoholic Drinks Market Size & Outlook, 2023-2030
The alcoholic drinks market in Europe is expected to reach a projected revenue of US$ 928,596.2 million by 2030. A compound annual growth rate of 12% is expected of Europe alcoholic drinks market from 2024 to 2030.
Revenue, 2023 (US$M)
$419,679.1
Forecast, 2030 (US$M)
$928,596.2
CAGR, 2024 - 2030
12%
Report Coverage
Europe
Europe alcoholic drinks market, 2018-2030 (US$M)
Related Markets
Europe alcoholic drinks market highlights
- The Europe alcoholic drinks market generated a revenue of USD 419,679.1 million in 2023.
- The market is expected to grow at a CAGR of 12% from 2024 to 2030.
- In terms of segment, beer was the largest revenue generating type in 2023.
- Hard Seltzer is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 419,679.1 million |
| Market revenue in 2030 | USD 928,596.2 million |
| Growth rate | 12% (CAGR from 2023 to 2030) |
| Largest segment | Beer |
| Fastest growing segment | Hard Seltzer |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| 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 25.3% of the global alcoholic drinks market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 680,087.9 million by 2030.
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Alcoholic Drinks Market Scope
Alcoholic drinks market segmentation & scope
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Alcoholic Drinks Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe alcoholic drinks market size, by country, 2018-2030 (US$M)
Europe Alcoholic Drinks Market Outlook Share, 2023 & 2030 (US$M)
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