Europe Dairy Free Cream Liqueur Market Size, Share & Industry Trends Analysis Report By Distribution Channel (Off-trade and On-trade), By Source (Almond, Oat, Coconut and Others), By Flavor, By Country and Growth Forecast, 2023 - 2029
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Market Report Description
The Europe Dairy Free Cream Liqueur Market would witness market growth of 9.2% CAGR during the forecast period (2023-2029).
The popularity of dairy free cream liqueur has grown significantly due to expanding premium liqueur demand, particularly in developing nations, and rising societal acceptance of alcohol intake in some cultures. In the last several years, there have been two times as many chocolates with lemon flavoring created using cocoa liqueur. Additionally, producers are concentrating on including other ingredients in finished cocoa liqueur goods. By providing unique flavors, their efforts are meant to satisfy changing consumer preferences, who are eager to try new gastronomic delights.
They also like fusion-style drinks that are both fresh and flavorful, and they are willing to try them in treats and talk to others about their experiences. Due to the shorter preparation time for these drinks, the use of cocoa liqueur in beverages has grown, especially among working populations. Additionally, adding cocoa liquors makes these drinks serve as energy boosters. Producers worldwide are creating drinks with chocolate flavoring to appeal to the enormous client base.
This encourages more people to drink chocolate liqueur, which is good. While chronic fatigue syndrome and cocoa both assist lower blood pressure, they also help prevent sunburn. These benefits raise customer interest in cocoa-based chocolate liqueur. Additionally, cocoa has a high polyphenol content that has boosted market expansion because it helps shield the body's tissues from oxidative stress and associated diseases like cancer and inflammation. Chocolate liqueur's relaxing flavor and lower sugar level, combined with other goods, have attracted more customers.
The practice of going vegan is becoming increasingly popular. Vegan food is becoming more common in German cuisine. In 2017–2018, 15% of new vegan food & beverage products were released in Germany, as the United States Department of Agriculture reported. The group also reports that about 35% of people think it's essential that vegan and vegetarian products are easily accessible. The demand for dairy-free cream liqueur is growing in Europe because of the rising popularity of veganism and cases of lactose intolerance. As a result, the market's desire for alcoholic beverages of the highest caliber has surged. Due to shifting consumer demands, companies are releasing novel products.
The Germany market dominated the Europe Dairy Free Cream Liqueur Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $259.1 million by 2029. The UK market is anticipated to grow at a CAGR of 8.2% during (2023 - 2029). Additionally, The France market would experience a CAGR of 10% during (2023 - 2029).
Based on Distribution Channel, the market is segmented into Off-trade and On-trade. Based on Source, the market is segmented into Almond, Oat, Coconut and Others. Based on Flavor, the market is segmented into Chocolate, Caramel, Vanilla, Strawberry and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Dairy Free Cream Liqueur Market is Projected to reach USD 2.8 Billion by 2029, at a CAGR of 9.8%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Bar Napkin Spirits, LLC, Bottega SPA, Buglisi Recobs Group Corp. (Misunderstood Whiskey Co.), Diageo plc, Panther Milk, Tokaj Spirit Kft., WALDERS, Distell Group Limited, Zamora Company Holding and Dirty Cow Chocolate Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Bar Napkin Spirits, LLC
- Bottega SPA
- Buglisi Recobs Group Corp. (Misunderstood Whiskey Co.)
- Diageo plc
- Panther Milk
- Tokaj Spirit Kft.
- Distell Group Limited
- Zamora Company Holding
- Dirty Cow Chocolate Ltd
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