Fine wines/Champagne and spirits is expected to record stable value growth (at constant 2022 prices) and retail volume growth in 2023, followed by stable ongoing development over the rest of the forecast period. Consumers of these products tend to be wealthier individuals and groups, many of whom have been less severely impacted by the COVID-19 crisis than most Mexicans.
Consumer foodservice outlets have now largely returned to their pre-pandemic operations with this encouraging consumers to start eating and drinking outside the home again. Going to bars and restaurants will likely pick up, with younger generations in particular likely to be desperate to start socialising with friends again.
Fine wines/Champagne and spirits are often offered as gifts during special events, celebrations and holidays such as Father’s Day or Christmas, and special editions are popular on these occasions. During these seasons, it is common for brands to launch special editions with more attractive packaging, while retailers often bundle them with gifts.
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Understand the latest market trends and future growth opportunities for the Fine Wines/Champagne and Spirits industry in Mexico with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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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