Alcoholic Drinks - Benelux

The Alcoholic Drinks market in Benelux is experiencing significant growth and development. Customer preferences in the Alcoholic Drinks market in Benelux are shifting towards premium and craft products. Consumers are becoming more discerning in their choices and are willing to pay a premium for high-quality and unique beverages. This trend is driven by a desire for authenticity and a desire to support local and independent producers. Trends in the market include the rise of craft breweries and distilleries. These small-scale producers are gaining popularity as consumers seek out unique and artisanal products. Craft beers and spirits offer a wide range of flavors and styles, appealing to a diverse group of consumers. In addition, the popularity of gin is also on the rise. Gin bars and festivals are becoming increasingly popular, catering to a growing demand for this spirit. Local special circumstances in Benelux also contribute to the development of the Alcoholic Drinks market. Belgium, for example, is known for its strong beer culture and has a long history of brewing. This tradition has created a strong foundation for the craft beer movement, with many breweries drawing inspiration from traditional Belgian brewing techniques. In the Netherlands, there is a growing focus on sustainability and organic products. This has led to an increase in the production and consumption of organic wines and beers. Underlying macroeconomic factors also play a role in the development of the Alcoholic Drinks market in Benelux. The region has a strong economy, with high levels of disposable income. This allows consumers to indulge in premium and craft products. In addition, the region's proximity to other European countries allows for easy access to a wide range of international beverages. This exposure to different cultures and tastes has influenced consumer preferences and contributed to the growth of the market. Overall, the Alcoholic Drinks market in Benelux is experiencing growth and development due to changing customer preferences, the rise of craft producers, local special circumstances, and favorable macroeconomic factors. As consumers become more discerning and adventurous in their choices, the market is expected to continue to expand and diversify.

Data coverage:
The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Modeling approach:
Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on alcoholic beverages, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.