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 […]
Category Archives: Food & Beverages
The European beer market is estimated to grow at a CAGR of 2.2% during the forecast period. In 2018, the European beer industry was valued at $115.2 billion and estimated to reach $132.9 billion in 2025. Europe is one of the major producers and consumers of alcoholic beverages globally. As per the WHO, in 2016, […]
The global distilled spirits market is estimated to grow at a CAGR of 3.3% during the forecast period. The global distilled spirits industry valued at $384.2 billion in 2018 and is estimated to reach $478.4 billion in 2025. There has been a gradual shift of consumers’ preference from beer and wine to spirits; as well […]
China beer market is estimated to grow at a CAGR of more than 3% during the forecast period. The factors contributing to the market growth include increasing demand for beer due to their huge population base, growing consumption of alcohol by the young generation, and rising disposable income. According to the World Bank, China’s adjusted […]
The Asia-Pacific distilled spirits market is estimated to grow at a CAGR of 3.8% during the forecast period. The Asia-Pacific distilled spirits industry valued at $138.3 billion in 2018 and is estimated to reach $178.3 billion in 2025. There has been a gradual shift of consumers’ preference from beer and wine to spirits; as well […]
Asia-Pacific beer market is estimated to grow at a CAGR of 3.2% during the forecast period. In 2018, the market in Asia-Pacific was valued at $150.7 billion in 2018 and is estimated to reach $186.0 billion in 2025. The factors contributing to the market growth include increasing demand for beer in emerging economies such as […]
The global bakery premixes market is anticipated to grow at a considerable CAGR of 8.5% during the forecast period. Rising health consciousness among people is one of the major factors driving the demand for gluten free products including bakery premixes. Gluten-free Bakery Premix are applied to a number of food products such as breads muffins, […]
The United States wine market is estimated to grow at a CAGR of around 3% during the forecast period. Health benefits and premiumization of wine products along with innovation in flavor and more advanced distribution networks across the globe are the major factors that drive the growth of US wine industry. The wine contains antioxidants […]
The UK wine market is estimated to grow at a CAGR of more than 3% during the forecast period. UK is one of the major economies in Europe. The country has a population base of 66 million and around 82% of the population is above 15 years. As per WHO, alcohol consumption per capita has […]
The global plant based butter market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2022-2028). Increasing awareness regarding animal cruelty and its unfavorable environmental effect is expected to support industry growth as well as market growth over the forecast period. Major reason behind the increasing adoption of plant-based alternatives is social […]