Fine Wines/Champagne and Spirits

Compared to its more conservative neighbours in the Gulf, the UAE is fairly liberal with allowing bars, clubs and restaurants to offer alcohol. There is a strong culture among expats in the country to socialise by going out to eat and drink, thereby ...

Leaving behind the difficulties that the Brazilian economy faced in 2015/2016, the country’s new context of perceived stability and positive forecasts is gradually enabling consumption to resume its growth path. In 2019, some of the main ...

In 2017, the government introduced a new tax structure for alcoholic drinks and tobacco, officially called the Excise Tax Act BE 2560 (2017). The revision of the tax structure aims to provide efficiency in tax collection by basing calculations on ...

In the same way that Moët & Chandon Rosé Imperial and Moët & Chandon Nectar Impérial Urban Jungle have attracted new consumers to fine champagne, other types of spirits have also benefited from the launch of limited editions. Fine wines/champagne and...

In 2019, Germany’s economy revealed signs of slowing down which generated fear of recession among the population in general. However, among the higher-income residents, consumption of luxury alcoholic drinks remains firm and healthy with signs of ...

With select premium grocery retailers gaining licences, the distribution of fine wines is undergoing diversification. This is notably encouraging sales amongst female consumers who prefer shopping in grocery retailers, such as Foodhall, which has ...

Fine wines/champagne and spirits registered one of the strongest growth rates among all luxury product subcategories in 2019 as US consumers increasingly prioritise spending their discretionary income on memorable, social experiences over material ...

South Africa has a well-established wine culture among its locals. The country hosts many wine festivals, which attract local and international attention. Local consumers, being wine connoisseurs, have developed more sophisticated tastes and ...

This category was increasing driven by smaller allowance and GST relief for overseas shopping on duty-free on alcoholic beverages. Since 19 February 2019 those spending under 48 hours outside Singapore are subject to the 7% goods and services tax ...

Compared to Western countries, Taiwan’s drinking culture is not very strong. When it comes to fine wines, champagne and spirits, many people go to bars to drink with friends. Another common occasion for consumption of fine alcoholic beverages is for ...

Fine wines/champagne and spirits posted robust growth in retail volume and current value sales in 2019, and looks set to continue expanding at a healthy pace in both respects over the forecast period. The category is well placed to benefit from the ...

A rising interest in gastronomy and a stronger desire to spend on experiences and occasions are the main sales drivers in fine wines/champagne and spirits. This has also driven a shift from vodka and aquavit to what are seen as more “exotic” options ...

The aftermath of Brexit saw the value of the pound depreciate which increased the cost of imports. This currency depreciation negatively affected the wine industry in the UK. Because of the increased cost for British retailers of importing wines to ...

Premiumisation continues to be a key driver of robust growth in fine wines/champagne and spirits. Thanks to the health and wellness trend, consumers are increasingly showing interest in drinking less but drinking better; showing a preference for more...

Fine wines/champagne and spirits in Romania continued to evolve towards the end of the review period, resulting in ongoing positive demand in 2019, a trend that is predicted to continue into the forecast period. Affluent local consumers are becoming ...

The political and economic crisis of the early review period saw a dramatic devaluation of the local currency. As a result, prices soared as consumer spending power was eroded. Unlike the niche of affluent Ukrainians, middle-class Ukrainians were ...

Despite declining alcohol consumption in Spain, fine wines/champagne and spirits continued to see strong current value growth in 2019. Spaniards are showing a growing interest in following an active and healthy lifestyle, which is especially the case...

Fine wines/champagne and spirits recorded an improved performance in both current value and retail volume terms in 2019, a trend that is predicted to continue into the forecast period. While generally the country has a tradition for drinking vodka ...

Fine wines/champagne and spirits posted a positive albeit relatively modest performance in current value terms in 2019. The category seems relatively immune to the increasing awareness of the negative health effects of excessive alcohol consumption ...

China’s luxury alcoholic drinks market is dominated by the local spirit, baijiu. While fine wines and champagne have gained in popularity, their consumer base remains relatively small. Moreover, high-end baijiu is becoming increasingly popular as an ...