Fine Wines/Champagne and Spirits in Singapore

July 2022
USD 1,195
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Overview:

Understand the latest market trends and future growth opportunities for the Fine Wines/Champagne and Spirits industry in Singapore 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 Singapore, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.

The Fine Wines/Champagne and Spirits in Singapore report includes:

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

This report answers:

  • What is the market size of Fine Wines/Champagne and Spirits in Singapore?
  • Which are the leading brands in Fine Wines/Champagne and Spirits in Singapore?
  • How are products distributed in Fine Wines/Champagne and Spirits in Singapore?
  • How important is tourism in evaluating demand for Fine Wines/Champagne and Spirits in Singapore?
  • How is the rise of e-commerce changing the retail and competitive landscape?
  • How has COVID-19 and global recession impacted demand for luxury goods? What are the opportunities amidst the adversity?
  • Where is future growth expected to be most dynamic?

Fine Wines/Champagne and Spirits in Singapore - Category analysis

KEY DATA FINDINGS

2022 DEVELOPMENTS

Expectations of personal consumption boom during pandemic are an exaggeration considering existing practices
Brands seek to bypass distributors and connect directly with consumers via physical retail channels
Introduction of bespoke membership clubs drives interest in wine appreciation

PROSPECTS AND OPPORTUNITIES

Brands seek greater recognition through large-scale marketing campaigns and establishing bricks-and-mortar stores
Affordable New World wine alternatives likely to drive more regular consumption among locals
Perceived production scarcity linked to climate change fears may translate to more regular purchasing habits

CATEGORY DATA

Table 1 Sales of Fine Wines/Champagne and Spirits by Category: Value 2017-2022 Table 2 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2017-2022 Table 3 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2017-2021 Table 4 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2018-2021 Table 5 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2017-2022 Table 6 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2022-2027 Table 7 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2022-2027

Luxury Goods in Singapore - Industry Overview

EXECUTIVE SUMMARY

Luxury goods in 2022: The big picture
2022 key trends
Competitive landscape
Retailing developments
What next for luxury goods?

MARKET DATA

Table 8 Sales of Luxury Goods by Category: Value 2017-2022 Table 9 Sales of Luxury Goods by Category: % Value Growth 2017-2022 Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2017-2022 Table 11 NBO Company Shares of Luxury Goods: % Value 2017-2021 Table 12 LBN Brand Shares of Luxury Goods: % Value 2018-2021 Table 13 Distribution of Luxury Goods by Format and Category: % Value 2022 Table 14 Forecast Sales of Luxury Goods by Category: Value 2022-2027 Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2022-2027

DISCLAIMER

SOURCES

Summary 1 Research Sources
The following categories and subcategories are included:

Fine Wines/Champagne and Spirits

    • Fine Champagne
    • Other Fine Wine
    • Luxury Brandy and Cognac
    • Luxury Whiskies
    • Other Luxury Spirits

Fine Wines/Champagne and Spirits

This is the aggregation of fine wines and luxury spirits.

See All of Our Definitions
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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

This report originates from Passport, our Fine Wines/Champagne and Spirits research and analysis database.

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