Non-Alcoholic Drinks - Luxembourg

The Non-Alcoholic Drinks market in Luxembourg is experiencing significant growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Luxembourg are shifting towards healthier beverage options, driving the demand for non-alcoholic drinks. Consumers are becoming more health-conscious and are seeking beverages that are low in sugar, free from artificial ingredients, and offer functional benefits. This shift in preference is influenced by global health trends and a growing awareness of the negative health effects of sugary drinks. As a result, there is a growing demand for natural and organic non-alcoholic beverages, such as herbal teas, fruit-infused waters, and plant-based milk alternatives. Trends in the market further contribute to the growth of the Non-Alcoholic Drinks market in Luxembourg. One notable trend is the rise of premium and craft non-alcoholic beverages. Consumers are willing to pay a premium for high-quality, artisanal drinks that offer unique flavors and experiences. This trend is driven by the desire for authenticity and novelty, as well as the increasing popularity of mixology and mocktail culture. As a result, there is a growing market for small-batch sodas, craft kombuchas, and specialty non-alcoholic cocktails. Local special circumstances also play a role in the development of the Non-Alcoholic Drinks market in Luxembourg. The country has a high standard of living and a strong economy, which enables consumers to have a higher disposable income and spend more on premium beverages. Additionally, Luxembourg is known for its multicultural population and international influence, which leads to a diverse range of beverage preferences and creates opportunities for niche and ethnic non-alcoholic drinks. Underlying macroeconomic factors contribute to the growth of the Non-Alcoholic Drinks market in Luxembourg. The country has a stable and prosperous economy, which supports consumer spending and drives demand for non-alcoholic beverages. Furthermore, Luxembourg has a strong tourism industry, attracting visitors from around the world who are interested in experiencing the local culture and cuisine. This influx of tourists creates a demand for non-alcoholic drinks that cater to different tastes and preferences. In conclusion, the Non-Alcoholic Drinks market in Luxembourg is growing due to changing customer preferences towards healthier options, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. This presents opportunities for companies to innovate and offer a wide range of non-alcoholic beverages that cater to the unique preferences of consumers in Luxembourg.

Data coverage:

The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Modeling approach:

Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on Non-Alcoholic Drinks, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Non-Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.