The 2023 European Vermouth market, expressed in million Euros, revealed Poland as the leading market with a value of 38.081 million, followed by Sweden, Portugal, the Czech Republic, Hungary, and Estonia. Year-on-year, Poland and the Czech Republic witnessed growth, with a 1.64% and 2.2% increase, respectively. Conversely, Sweden, Portugal, Hungary, and Estonia experienced declines, with notable contractions in Portugal (-6.73%) and Sweden (-2.41%).
Future trends indicate increased consumer demand for premium and flavored vermouth variants which could potentially drive growth, especially in larger markets such as Poland and the Czech Republic. Market expansion strategies may see increased product innovation and marketing efforts in the Nordic region and Central Europe.
Top countries in Vermouth Market Size Value by Country
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 38,081,000 | 2023 | +1.49% | +1.64% | View data |
| 2 | 2 Sweden | 23,687,000 | 2023 | +0.0021% | -2.41% | View data |
| 3 | 3 Portugal | 12,718,000 | 2023 | -1.92% | -6.73% | View data |
| 4 | 4 Czech Republic | 11,985,000 | 2023 | +1.42% | +2.2% | View data |
| 5 | 5 Hungary | 4,732,200 | 2023 | -1.43% | -1.97% | View data |
| 6 | 6 Estonia | 1,618,600 | 2023 | -0.84% | +4.52% | View data |
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