The Europe Vodka Market would witness market growth of 4.9% CAGR during the forecast period (2023-2029).
Vodka is commonly made from starch-rich cereals like wheat malt, flaked maize, rye, and sorghum. Fruit and grains are fermented with yeast and bacteria to produce alcohol throughout the vodka-making process. The process of distillation (purification), which involves heating the liquid to increase its alcohol by volume concentration, comes right after fermentation. A direct sample injection into the gas chromatograph fitted with a flame ionization detector (FID) is used to test the concentration of acetaldehyde, ethyl acetate, methanol, and higher alcohols due to the constraints placed on the alcohol used in the production of vodka.
Similar to wines, if used in moderation, vodka does have a number of health advantages, including stress relief, healthy hair development, weight loss, and lowered risks of inflammation as well as heart problems. Due to millennials' expanding alcohol use, the future of the market is intriguing and highly appealing. However, the key drivers expected to fuel the expansion of the market include novel flavors, energizing nightlife trends, improving living standards, and increasing GDP per capita.
In the region, men consume alcohol more frequently than women, both daily and weekly. A significant amount of vodka is consumed each year, which contributes to the growth of the market. Russia remains one of the world's largest consumer of vodka. In a manner similar to this, other European countries such as Poland, Slovakia, Bulgaria, and Ukraine have secured a spot on the list of top consumers of vodka. The market is thriving all over Europe as a result of the continent's peculiar preference for alcohol. On the other hand, high living standards, enjoyable GDP per capita wages, and thriving nightlife are some of the main factors encouraging the growth of the market in this region.
The Germany market dominated the Europe Vodka Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $2,377.6 million by 2029. The UK market is estimated to grow at a CAGR of 4% during (2023 - 2029). Additionally, The France market would showcase a CAGR of 5.7% during (2023 - 2029).
Based on Type, the market is segmented into Non-Flavored and Flavored. Based on Distribution Channel, the market is segmented into On-Trade and Off-Trade. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Vodka Market is Projected to reach USD 35.4 Billion by 2029, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Brown-Forman Corporation, Diageo plc, Pernod Ricard S.A., Bacardi Limited, Constellation Brands, Inc., Distell Group Limited, Proximo Spirits, Inc. (BECLE, S.A.B. DE C.V.), Belvedere Vodka (LVMH SE), Stoli Group (SPI Group) and Iceberg Vodka Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Distribution Channel
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Brown-Forman Corporation
- Diageo plc
- Pernod Ricard S.A.
- Bacardi Limited
- Constellation Brands, Inc.
- Distell Group Limited
- Proximo Spirits, Inc. (BECLE, S.A.B. DE C.V.)
- Belvedere Vodka (LVMH SE)
- Stoli Group (SPI Group)
- Iceberg Vodka Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Vodka Market, by Type
1.4.2 Europe Vodka Market, by Distribution Channel
1.4.3 Europe Vodka Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Jan – 2023, Mar) Leading Players
Chapter 4. Europe Vodka Market by Type
4.1 Europe Non-Flavored Market by Country
4.2 Europe Flavored Market by Country
Chapter 5. Europe Vodka Market by Distribution Channel
5.1 Europe On-Trade Market by Country
5.2 Europe Off-Trade Market by Country
Chapter 6. Europe Vodka Market by Country
6.1 Germany Vodka Market
6.1.1 Germany Vodka Market by Type
6.1.2 Germany Vodka Market by Distribution Channel
6.2 UK Vodka Market
6.2.1 UK Vodka Market by Type
6.2.2 UK Vodka Market by Distribution Channel
6.3 France Vodka Market
6.3.1 France Vodka Market by Type
6.3.2 France Vodka Market by Distribution Channel
6.4 Russia Vodka Market
6.4.1 Russia Vodka Market by Type
6.4.2 Russia Vodka Market by Distribution Channel
6.5 Spain Vodka Market
6.5.1 Spain Vodka Market by Type
6.5.2 Spain Vodka Market by Distribution Channel
6.6 Italy Vodka Market
6.6.1 Italy Vodka Market by Type
6.6.2 Italy Vodka Market by Distribution Channel
6.7 Rest of Europe Vodka Market
6.7.1 Rest of Europe Vodka Market by Type
6.7.2 Rest of Europe Vodka Market by Distribution Channel
Chapter 7. Company Profiles
7.1 Diageo plc
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Acquisition and Mergers:
7.1.5.3 Geographical Expansions:
7.2 Pernod Ricard S.A.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Recent strategies and developments:
7.2.3.1 Partnerships, Collaborations, and Agreements:
7.2.3.2 Acquisition and Mergers:
7.3 Brown-Forman Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Recent strategies and developments:
7.3.4.1 Acquisition and Mergers:
7.3.4.2 Geographical Expansions:
7.4 Constellation Brands, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Partnerships, Collaborations, and Agreements:
7.4.4.2 Product Launches and Product Expansions:
7.5 Proximo Spirits, Inc. (BECLE, S.A.B. DE C.V.)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Recent strategies and developments:
7.5.4.1 Partnerships, Collaborations, and Agreements:
7.6 Belvedere Vodka (LVMH SE)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.7 Distell Group Limited
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.8 Bacardi Limited
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Acquisition and Mergers:
7.9 Stoli Group (SPI Group)
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
7.9.2.2 Product Launches and Product Expansions:
7.10. Iceberg Vodka Corporation
7.10.1 Company Overview
TABLE 1 Europe Vodka Market, 2019 - 2022, USD Million
TABLE 2 Europe Vodka Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Vodka Market
TABLE 4 Product Launches And Product Expansions– Vodka Market
TABLE 5 Acquisition and Mergers– Vodka Market
TABLE 6 geographical expansions – Vodka Market
TABLE 7 Europe Vodka Market by Type, 2019 - 2022, USD Million
TABLE 8 Europe Vodka Market by Type, 2023 - 2029, USD Million
TABLE 9 Europe Non-Flavored Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Non-Flavored Market by Country, 2023 - 2029, USD Million
TABLE 11 Europe Flavored Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Flavored Market by Country, 2023 - 2029, USD Million
TABLE 13 Europe Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 14 Europe Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 15 Europe On-Trade Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe On-Trade Market by Country, 2023 - 2029, USD Million
TABLE 17 Europe Off-Trade Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Off-Trade Market by Country, 2023 - 2029, USD Million
TABLE 19 Europe Vodka Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe Vodka Market by Country, 2023 - 2029, USD Million
TABLE 21 Germany Vodka Market, 2019 - 2022, USD Million
TABLE 22 Germany Vodka Market, 2023 - 2029, USD Million
TABLE 23 Germany Vodka Market by Type, 2019 - 2022, USD Million
TABLE 24 Germany Vodka Market by Type, 2023 - 2029, USD Million
TABLE 25 Germany Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 26 Germany Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 27 UK Vodka Market, 2019 - 2022, USD Million
TABLE 28 UK Vodka Market, 2023 - 2029, USD Million
TABLE 29 UK Vodka Market by Type, 2019 - 2022, USD Million
TABLE 30 UK Vodka Market by Type, 2023 - 2029, USD Million
TABLE 31 UK Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 32 UK Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 33 France Vodka Market, 2019 - 2022, USD Million
TABLE 34 France Vodka Market, 2023 - 2029, USD Million
TABLE 35 France Vodka Market by Type, 2019 - 2022, USD Million
TABLE 36 France Vodka Market by Type, 2023 - 2029, USD Million
TABLE 37 France Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 38 France Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 39 Russia Vodka Market, 2019 - 2022, USD Million
TABLE 40 Russia Vodka Market, 2023 - 2029, USD Million
TABLE 41 Russia Vodka Market by Type, 2019 - 2022, USD Million
TABLE 42 Russia Vodka Market by Type, 2023 - 2029, USD Million
TABLE 43 Russia Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 44 Russia Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 45 Spain Vodka Market, 2019 - 2022, USD Million
TABLE 46 Spain Vodka Market, 2023 - 2029, USD Million
TABLE 47 Spain Vodka Market by Type, 2019 - 2022, USD Million
TABLE 48 Spain Vodka Market by Type, 2023 - 2029, USD Million
TABLE 49 Spain Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 50 Spain Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 51 Italy Vodka Market, 2019 - 2022, USD Million
TABLE 52 Italy Vodka Market, 2023 - 2029, USD Million
TABLE 53 Italy Vodka Market by Type, 2019 - 2022, USD Million
TABLE 54 Italy Vodka Market by Type, 2023 - 2029, USD Million
TABLE 55 Italy Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 56 Italy Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 57 Rest of Europe Vodka Market, 2019 - 2022, USD Million
TABLE 58 Rest of Europe Vodka Market, 2023 - 2029, USD Million
TABLE 59 Rest of Europe Vodka Market by Type, 2019 - 2022, USD Million
TABLE 60 Rest of Europe Vodka Market by Type, 2023 - 2029, USD Million
TABLE 61 Rest of Europe Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 62 Rest of Europe Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 63 Key Information – Diageo plc
TABLE 64 Key Information – Pernod Ricard S.A.
TABLE 65 Key Information – Brown-Forman Corporation
TABLE 66 Key Information – Constellation Brands, Inc.
TABLE 67 Key Information – Proximo Spirits, Inc.
TABLE 68 Key Information – Belvedere Vodka
TABLE 69 Key Information – Distell Group Limited
TABLE 70 Key Information – Bacardi Limited
TABLE 71 Key Information – Stoli Group
TABLE 72 Key Information – Iceberg Vodka Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Jan – 2023, Mar) Leading Players
FIG 5 Europe Vodka Market share by Type, 2022
FIG 6 Europe Vodka Market share by Type, 2029
FIG 7 Europe Vodka Market by Type, 2019 - 2029, USD Million
FIG 8 Europe Vodka Market share by Distribution Channel, 2022
FIG 9 Europe Vodka Market share by Distribution Channel, 2029
FIG 10 Europe Vodka Market by Distribution Channel, 2019 - 2029, USD Million
FIG 11 Europe Vodka Market share by Country, 2022
FIG 12 Europe Vodka Market share by Country, 2029
FIG 13 Europe Vodka Market by Country, 2019 - 2029, USD Million
FIG 14 Recent strategies and developments: Diageo plc
FIG 15 Recent strategies and developments: Pernod Ricard S.A.
FIG 16 Recent strategies and developments: Brown-Forman Corporation