A new report from Zenith Global on European Zero Alcohol Drinks forecasts sales growth of almost 10% a year over the next 5 years.
Zenith Global estimates the European market at €5.9 billion in 2018. This would take 2023 value to €9.3 billion.
“The United Kingdom is expected to achieve the highest growth rate at 30% a year, but Germany should be the first to reach 1 billion litres by 2023,” commented Zenith Global Chairman Richard Hall.
The 2019 Zenith Global European Zero Alcohol Drinks Report notes the dominance of West Europe in both volume and value, achieving shares in excess of 80%. It also explores the 4 major countries in a deeper dive analysis – Germany, Russia, Spain and the United Kingdom.
4 key growth drivers are increasing consumer attention to health and wellbeing, a cultural shift away from alcohol, technical advances in improving taste and marketing for more consumption occasions. For example, zero alcohol beers have been marketed in Germany as isotonic sports drinks available from vending machines. Another wider advertising campaign has promoted zero alcohol drinks in an office environment.
“Zero alcohol drinks have moved from reluctant compromise to positive engagement. Among the best are products with big brand backing and full taste equivalence or ground breaking challengers with strong ethical credentials,” continued Richard Hall.
“Zero alcohol drinks offer a major market opportunity in the coming years, both in countries where they are already established and in regions where they have yet to become significant. This is especially the case in markets where alcohol consumption volumes have been static or declining,” he concluded.
The 2019 Zenith Global European Zero Alcohol Drinks Report contains 77 pages including statistics from 2013 to 2023 and over 20 individual brand profiles. Full details are available online at zenithglobal.com. Contact Zenith Global on +44 (0)1225 327900 or email email@example.com
Notes for Editors
- A chart is attached for publication: Zero alcohol drinks – Europe’s highest growth markets
- For further information, please contact:
Louise Belsey, Zenith Global Ltd
7 Kingsmead Square, Bath BA1 2AB, United Kingdom
t +44 (0)1225 327926