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Learn moreJan 2021
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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.
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 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
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.
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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.