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Country Report

Fine Wines/Champagne and Spirits in

Fine Wines/Champagne and Spirits in Russia

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

Fine wines/champagne and spirits sees negative impact due to restaurant closures, shopping restrictions and reduced consumer spending power

COVID-19 lockdowns and economic difficulties are having a very negative effect on fine wines/champagne and spirits in 2020. There was some shift from fine champagne to sparkling wines or plain wines which are less expensive, as consumers sought to reduce their spending on non-essential goods.

Planned internet retailing of alcoholic drinks is stalled for an indefinite period, due to government concerns about alcohol addiction

Internet sales of alcoholic drinks, as planned from 1 January 2020, did not go ahead and it is unclear when this may happen. The plan was initially intended for online retailers to be permitted to sell fine wines and sparkling wines from a protected designation of origin for both manufacturers and wholesale companies, with a second stage set from 1 January 2023, where online trading would be extended to agricultural producers of wine, in addition to beer, cider, and mead.

Beluga Group takes the lead in 2019, whilst private label players enter champagne

Beluga Group PAO took the lead fine wines/champagne and spirits in 2019, thanks to its leading Beluga brand of Russian vodka which has been gaining shares over the past three years. The player is followed by Moët Hennessy Whitehall Rus OOO, which was knocked off its top place by Beluga Group.

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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 Russia 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 Russia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Fine Wines/Champagne and Spirits in Russia 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 Russia?
What are the major brands in Russia?
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 Russia - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Fine wines/champagne and spirits sees negative impact due to restaurant closures, shopping restrictions and reduced consumer spending power

Planned internet retailing of alcoholic drinks is stalled for an indefinite period, due to government concerns about alcohol addiction

Beluga Group takes the lead in 2019, whilst private label players enter champagne

RECOVERY AND OPPORTUNITIES

Impacts from COVID-19 set to continue to place downwards pressure on the category over the forecast period

Slow recovery in consumer incomes means slow recovery in fine wines/champagne and spirits

Players set to continue constraining unit prices in order to boost volume sales

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 Russia - 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 Russia

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Fine wines/champagne and spirits sees negative impact due to restaurant closures, shopping restrictions and reduced consumer spending power

Planned internet retailing of alcoholic drinks is stalled for an indefinite period, due to government concerns about alcohol addiction

Beluga Group takes the lead in 2019, whilst private label players enter champagne

Overview

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Table of Contents

Fine Wines/Champagne and Spirits in Russia - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Fine wines/champagne and spirits sees negative impact due to restaurant closures, shopping restrictions and reduced consumer spending power

Planned internet retailing of alcoholic drinks is stalled for an indefinite period, due to government concerns about alcohol addiction

Beluga Group takes the lead in 2019, whilst private label players enter champagne

RECOVERY AND OPPORTUNITIES

Impacts from COVID-19 set to continue to place downwards pressure on the category over the forecast period

Slow recovery in consumer incomes means slow recovery in fine wines/champagne and spirits

Players set to continue constraining unit prices in order to boost volume sales

CATEGORY DATA

Luxury Goods in Russia - 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

SOURCES

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