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Country Report

Fine Wines/Champagne and Spirits in

Fine Wines/Champagne and Spirits in France

Jan 2021

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

2020 IMPACT

Sales in fine wines/champagne and spirits decline as the category fails to benefit from stockpiling effect

The panic buying and stockpiling effect that benefited many food and drink categories in 2020 did not benefit fine wines/champagne and spirits. In terms of alcoholic drinks, there was some stockpiling, but this tended to favour beers and non-fine spirits such as rum rather than the fine products contained in this category.

COVID-19 puts a pin in special occasions, with fewer occasions to raise a toast

Although sales increased with the easing of the stricter lockdown measures in May 2020, the category continued to suffer from the ban on mass gatherings and social events. With fewer opportunities to share a great bottle of champagne or raise a toast at a celebration, the category recorded a much lower rate of sales with fine champagne suffering a particularly dramatic decline in sales.

Losses felt across the board as even the leader Pernod-Ricard was hit by the pandemic

The world leader in luxury spirits, Pernod-Ricard, aims to catch the world leader Diageo by pursuing major acquisition as it continues to grow. The company is particularly focused on expanding its upscale brand portfolio.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Fine Wines/Champagne and Spirits industry in France with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Fine Wines/Champagne and Spirits industry in France, our research will save you time and money while empowering you to make informed, profitable decisions.

The Fine Wines/Champagne and Spirits in France market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Fine Wines/Champagne and Spirits in France?
What are the major brands in France?
How dynamic is the growth of Fine Wines/Champagne and Spirits internet sales?
What is driving growth?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply function

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Fine Wines/Champagne and Spirits in France - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Sales in fine wines/champagne and spirits decline as the category fails to benefit from stockpiling effect

COVID-19 puts a pin in special occasions, with fewer occasions to raise a toast

Losses felt across the board as even the leader Pernod-Ricard was hit by the pandemic

RECOVERY AND OPPORTUNITIES

The French are set to raise a toast to the end of COVID-19

French consumers maintain a taste for foreign and exotic spirits

Despite a poor delivery record, online purchases of grand crus are becoming more popular

CATEGORY DATA

Table 1 Sales of Fine Wines/Champagne and Spirits by Category: Value 2015-2020
Table 2 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2015-2020
Table 3 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2015-2019
Table 4 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2016-2019
Table 5 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2015-2020
Table 6 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2020-2025
Table 7 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2020-2025

Luxury Goods in France - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2015-2020

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2015-2020
Table 10 Sales of Luxury Goods by Category: % Value Growth 2015-2020
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
Table 12 NBO Company Shares of Luxury Goods: % Value 2015-2019
Table 13 LBN Brand Shares of Luxury Goods: % Value 2016-2019
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2020
Table 15 Forecast Sales of Luxury Goods by Category: Value 2020-2025
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025

Megatrends

Country Report

Fine Wines/Champagne and Spirits in France

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Sales in fine wines/champagne and spirits decline as the category fails to benefit from stockpiling effect

COVID-19 puts a pin in special occasions, with fewer occasions to raise a toast

Losses felt across the board as even the leader Pernod-Ricard was hit by the pandemic

Overview

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Table of Contents

Fine Wines/Champagne and Spirits in France - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Sales in fine wines/champagne and spirits decline as the category fails to benefit from stockpiling effect

COVID-19 puts a pin in special occasions, with fewer occasions to raise a toast

Losses felt across the board as even the leader Pernod-Ricard was hit by the pandemic

RECOVERY AND OPPORTUNITIES

The French are set to raise a toast to the end of COVID-19

French consumers maintain a taste for foreign and exotic spirits

Despite a poor delivery record, online purchases of grand crus are becoming more popular

CATEGORY DATA

Luxury Goods in France - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

MARKET DATA

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

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