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Vodka Market in Nordic Countries 2015-2019

Vodka Market in Nordic Countries 2015-2019

Market overview of the Nordic vodka market

Technavio’s market research analyst predicts the Nordic vodka market to grow at a CAGR of around 4% during the forecast period. The rising demand for premium vodka and the growing cocktail culture are the key drivers for the growth of the market. The region is witnessing a growth in bars exclusively dedicated for cocktails. For instance, 1105 and Curfew are bars that are exclusively dedicated for cocktails in Copenhagen, Denmark.

The high taxation imposed on alcoholic drinks in the Nordic region is expected to deter the growth of the market during the forecast period. For instance, Norway imposes around USD 97 per liter of 100% alcohol as an excise tax. The average tax imposed by most of the European Union countries on per liter of 100% alcohol is around USD 7.

Segmentation by distribution channel and analysis of the Nordic vodka market

On-trade
Off-trade
The off-trade segment is the largest distribution channel in the Nordic region and consists of government-monopolized liquor stores, grocery stores, and gas stations.

Product segmentation and analysis of the Nordic vodka market

Flavored vodka
Unflavored vodka
Unflavored vodka dominated the Nordic market during 2014 with a market share of around 82%. However, the report predicts the flavored segment to be the fastest growing segment during the forecast period.

Competitive landscape and key vendors

The vodka market in Nordic countries, except Denmark, is dominated by government monopolized companies.

The leading vendors in the market are -

DANZKA Vodka
Belvedere
Synergy
Christiania Spirits
Global Drinks Finland
Other prominent vendors in the market include Arcus, Brown-Forman, Cape North, Constellation Brands, Heavy Water, K V Spirits, Marie Brizard Wine & Spirits Scandinavia, Purity Vodka AB, Saturnus AB, Spirits of Gold AB, V&S Group, and William Grant & Sons.

Key questions answered in the report include

What will the market size and the growth rate be in 2019?
What are the key factors driving the Nordic vodka market?
What are the key market trends impacting the growth of the Nordic vodka market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the Nordic vodka market?
What are the key outcomes of the five forces analysis of the Nordic vodka market?
Technavio also offers customization on reports based on specific client requirement.

Related reports:

Global Vodka Market 2015-2019
Alcoholic Beverage Market in the US 2014-2018
Beer Market in Germany- Market Research 2015-2019
Beer Market in Europe 2015-2019
Global Rum Market 2015-2019


Press Release

Technavio Announces the Publication of its Research Report – Vodka Market in Nordic Countries 2015-2019

Technavio recognizes the following companies as the key players in the Vodka Market in Nordic Countries: DANZKA Vodka, Belvedere, Synergy, Christiania Spirits and Global Drinks Finland

Other Prominent Vendors in the market are: Arcus, Brown-Forman, Cape North, Constellation Brands, Heavy Water, K V Spirits, Marie Brizard Wine & Spirits Scandinavia, Purity Vodka AB, Saturnus AB, Spirits of Gold AB, V&S Group, and William Grant & Sons.

Commenting on the report, an analyst from Technavio’s team said: “The online retailing of alcoholic products is one of the interesting trends emerging in the vodka market in Nordic countries. Nordic countries have the most stringent laws and regulations regarding the sale of alcoholic beverages worldwide.”

According to the report, cocktails are alcoholic drinks combined with fruit juices and other liquors and served chilled. The rising cocktail culture among the consumers in Nordic countries is one of the important drivers, which is helping the growth of the market.

Further, the report states that the key challenges faced by the market are government monopoly and high taxation.

Companies Mentioned

DANZKA Vodka, Belvedere, Synergy, Christiania Spirits, Global Drinks Finland, Arcus, Brown-Forman, Cape North, Constellation Brands, Heavy Water, K V Spirits, Marie Brizard Wine & Spirits Scandinavia, Purity Vodka AB, Saturnus AB, Spirits of Gold AB, V&S Group, and William Grant & Sons.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research Methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Process cycle of preparation of vodka
  • Market landscape
    • Market overview
      • Table Overview of vodka market in Nordic countries
    • Market size and forecast
      • Table Vodka market in Nordic countries by revenue ($ millions)
      • Table Vodka market in Nordic countries by volume (millions of liters)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by distribution channel
    • Table Vodka market in Nordic countries by distribution channel 2014
  • Market segmentation by product
    • Table Vodka market in Nordic countries by product type 2014
  • Key leading countries
    • Table Comparison of key countries by revenue 2014-2019
    • Table Comparison of key countries by volume 2014-2019
    • Vodka market in Denmark
      • Table Overview of Denmark 2010-2014
      • Table Vodka market in Denmark by revenue 2014-2019 ($ millions)
      • Table Vodka market in Denmark by volume 2014-2019 (millions of liters)
      • Table Vodka market in Denmark overview 2014-2019
    • Vodka market in Finland
      • Table Overview of Finland 2010-2014
      • Table Vodka market in Finland by revenue ($ millions)
      • Table Vodka market in Finland by volume (million liters)
      • Table Vodka market in Finland overview 2014-2019
    • Vodka market in Iceland
      • Table Overview of Iceland 2010-2014
      • Table Vodka market in Iceland by revenue ($ millions)
      • Table Vodka market in Iceland by volume 2014-2019 (millions of liters)
      • Table Vodka market in Iceland overview 2014-2019
    • Vodka market in Norway
      • Table Overview of Norway 2010-2014
      • Table Vodka market in Norway by revenue 2014 2019 ($ millions)
      • Table Vodka market in Norway by volume 2014-2019 (million liters)
      • Table Vodka market in Norway overview 2014-2019
    • Vodka market in Sweden
      • Table Overview of Sweden 2010-2014
      • Table Vodka market in Sweden by revenue 2014-2019 ($ millions)
      • Table Vodka market in Sweden by volume (million liters)
      • Table Vodka market in Sweden overview 2014-2019
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Comparison of taxes on spirits per liter of 100% alcohol in Nordic countries 2014 ($)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table People buying online products in Nordic countries 2013
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Belvedere Vodka
      • Table Products: Belvedere Vodka
    • Christiania Spirits
    • Global Drinks Finland
      • Table Global Drinks Finland: Product offerings 2014
    • Synergy
      • Table Synergy: Business segmentation
      • Table Business segmentation: Synergy
      • Table Synergy: Business Segmentation by revenue 2013 and 2014 ($) millions)
    • Waldemar Behn
      • Table Behn: Product segmentation
  • Appendix
    • List of abbreviation
  • Explore Technavio

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