Retail constant value sales of fine wines/champagne and spirits will continue to recover throughout the forecast period, but they will not exceed their pre-pandemic peak until 2025. A revival in international tourism will be the main driver of this.
The increasing popularity of New World wines and wine from Bali (which now has four wineries) is expected to remain a trend in fine wines/champagne and spirits during the forecast period. With widespread consumer interest in wine still a relatively recent phenomenon in Indonesia, there remains huge potential for wine from Bali to become more popular in all parts of the country.
The pandemic has served to deepen the health and wellness trend among local consumers, and they are gradually becoming more aware of the potential health benefits of drinking red wine. This is because it contains antioxidants that have the potential to boost the immune system, with some even claiming that they can kill cancer cells.
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Understand the latest market trends and future growth opportunities for the Fine Wines/Champagne and Spirits industry in Indonesia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Fine Wines/Champagne and Spirits industry in Indonesia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Fine Wines/Champagne and Spirits
This is the aggregation of fine wines and luxury spirits.See All of Our Definitions
This report originates from Passport, our Fine Wines/Champagne and Spirits research and analysis database.
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