The Finland market accounts for nearly 15% of the Western European flavoured alcoholic beverages market size. The market registered a compound annual growth rate (CAGR) of -0.9% during 2017-22 and -2.19% decline over 2021. According to GlobalData’s deep-dive analysis report, Finland flavoured alcoholic beverages market databook, pre-mixed spirits accounted for a notable share of 97% among various flavoured alcoholic beverages segments in the market in 2022, followed by alcoholic soft drinks. The report also provides in-depth analysis and market forecast to 2027. Buy the report here.
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According to GlobalData’s company and brand analysis, Royal Unibrew, Bryggeri Ab Bock – Wasa and Bacardi held significant shares in the Finland flavoured alcoholic beverages market in 2022. Concurrently, Hartwall Original, Antons Lang Drink and Bacardi Breezer led in terms of brand market share. Royal Unibrew had the leading market share by volume in 2022. Companies operating in the Finland flavoured alcoholic beverages market continue to use innovation to target gaps in product offering. Continuous tracking of market size and company performance is important to help competitors capture and maximize profits.
GlobalData’s channel analysis reveals that food & drinks specialists were the key channel of purchase for flavoured alcoholic beverages, along with on trade. Also, convenience stores recorded a notable growth during the COVID-19 pandemic, as consumers were forced to stay at home due to restricted movement opportunities.
Food & drinks specialists constituted the highest market share by volume in 2022. Consumers preferred this channel for its product assortment and competitive pricing. On trade was the next preferred channel in the Finland market.
Among the top Western European markets, Finland accounted for the highest volume share in 2022, followed by Norway, Denmark, the UK, Sweden, Spain, Italy, the Netherlands, Belgium, Luxembourg, Portugal, Greece, Switzerland, Germany, and France.
With a growing number of consumers seeking to experiment with novel products, manufacturers and brands need to constantly innovate their flavours and formulations to remain relevant and competitive. Additionally, the popularity of e-commerce has made it easier for shoppers to compare product features and offerings across different brands.
To further understand and explore GlobalData’s insight into the flavoured alcoholic beverages category and market forecast to 2027, buy the report here.
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