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Hexa Reports
Market Research Reports and Insightful Company Profiles
Nordic Countries Vodka Market Share, Size, Emerging
Trends and Growth, Analysis, Overview and Forecasts 20152019
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.
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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.
Hexa Reports
Market Research Reports and Insightful Company Profiles
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...