The European distilled spirits market is estimated to grow at a CAGR of 2.9% during the forecast period. The European distilled spirits industry valued at $98.0 billion in 2018 and is estimated to reach $118.6 billion in 2025. The adoption of distilled spirits is being significantly driven by the rising purchasing power of consumers and increasing demand for beverages with natural flavors. The spirits sector is led by millennials and the young-age population who demand innovative and higher-end products. Therefore, the companies are adding natural flavors to improve the quality of the flavor of alcoholic drinks. The increasing availability of distilled spirits with innovative natural flavors is leading to a significant range of options for consumers that allows consumers to opt for the alcoholic beverage of their choice.
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As per FoodDrinkEurope, in 2017, the European Union countries exported drinks (including spirit, wine, beer, mineral water & soft drinks) of worth more than $34 billion, out of which around $12 billion comprises of spirits, $3.8 billion comprises of wine and $12.6 billion of beer with a growth of 5%, 12%, and -2% respectively YoY. Total imports related to drinks were near to $6.6 billion mostly comprises of wine and spirits. Wine import rate has been reduced by 1% YoY in 2017.
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The presence of several distilled spirit manufacturers includes Remy Cointreau SA, Pernod-Ricard SA, Brown-Forman Corp., Diageo plc, Marie Brizard Wine & Spirits, Lapostolle SA, Constellation Brands Inc., and Berentzen-Gruppe AG among others is further anticipated to make a significant contribution to the growth of the European distilled spirit market. These major market players are constantly focusing on new product launches and widening their product lines to remain competitive in the market. For instance, in April 2018, Ciroc had launched coffee-infused Skyy vodka and a watermelon-flavored vodka to expand the company’s product line.

Research Methodology
The market study of the European distilled spirits market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include
The report is intended for alcoholic beverages manufacturing companies, spirits distributors and suppliers, and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation
1. European Distilled Spirits Market Research and Analysis by Type

2. European Distilled Spirits Market Research and Analysis by Distribution Channel

The Report Covers
Comprehensive research methodology of the European distilled spirits market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the European distilled spirits market.
Insights about market determinants which are stimulating the European distilled spirits market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.
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