Spirits in Western Europe Have Quite Bright Prospects, Expects Euromonitor in New Report Available at MarketPublishers.com06 Feb 2017 • by Natalie Aster
LONDON – The consumption of spirits has gone down over the recent years in Western Europe. This decline resulted from the population ageing coupled with maturing markets and severe recessions across some countries. Yet, some product categories had a number of growth opportunities, and English gin was one of these categories.
Specialist outlets have become less popular, while hypermarkets and supermarkets have become more popular. Discounters have also climbed to the higher position in the list.
Private labels gave suffered losses in terms of their market shares and volume. The difference between prices for private label and branded products was limited given large discounts offered by key brands as well as the rise of economy-branded products.
With a number of economies showing growth, the prospects seem relatively bright, though overall volumes may stagnate. Still international spirits producers are expected to witness a number of positive events in the coming years.
New research report “Spirits in Western Europe” drawn up by Euromonitor International offers comprehensive examination of the Western European market for spirits. The study draws up a detailed picture of the past and current situation in the marketplace.
It sheds light on factors that drive change in this space. The report concentrates on buzz topics and unveils a size and shape of the local market. The research study limelights emerging geographies.
It scrutinizes the different product categories, such as cider, spirits, ciders, perry, and more. The research report delves deep into trends of the marketplace and covers major trends. The study also comprises a detailed future outlook for this market space.
Reasons to Buy:
- stay abreast of the most recent trends and developments in the West European spirits marketplace;
- find out factors impacting this space;
- learn how tough the competition is;
- learn how the marketplace is set to develop in the coming years.
More new reports by Euromonitor are available at its page.