The increasing awareness about the health benefits of beer is the primary growth driver of this market in Europe. Consumption of beer in limited quantities helps in controlling cholesterol levels and prevents chances of kidney stones. Furthermore, the demand for beer in Europe is also being propelled by the improving disposable income of the consumers, as the economy is stabilizing post-recession.
The most striking feature of the Europe beer market is its diversity. An array of players of different sizes and having a range of product offerings operate in it. This also makes the market for beer in Europe cutthroat. To surge ahead of their rivals in such an environment, vendors are banking upon competitive pricing strategies and focusing hard on quality. They are also leveraging astute distribution strategies and building brand recall to promote product sales.
Non-alcohol and Low-alcohol Beer Central to Europe Beer Market Growth
Mainly stoking the market for beer in Europe is the popularity of non-alcohol and low-alcohol beer in the region. This is on account of the rising awareness about the toxicity of alcohol which can have an adverse impact on one’s health. However, in moderate proportions it can be beneficial for health. Adds the lead analyst of the report, “Spain is a prominent market for low-alcohol and non-alcoholic beer in Europe. Effort by producers to formulate better products by fortifying them with nutrients is filliping the entire the Europe market.”
One USP of beer pushing up its sales is its health benefits. It is known to keep the kidneys fit, cure insomnia, and lessen cholesterol level. The soluble fiber present in lager beer also aids in digestion and reduces chances of intestinal transit. Further, beer helps in improving density of bone due to its significant silicon content.
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Substitutes Impact Sales Adversely
Posing a hurdle to beer market growth in Europe, on the other hand, is the strong competition from substitutes. Whiskey, vodka, wine, and rum are becoming increasingly popular in bars. Apart from substitutes, dairy beverages such as coffee and tea and carbonated beverages such as cola are also nipping at the heels of Europe beer market. To tide over the challenge,