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Horeca is central to the success of fine wines/champagne and spirits in Spain and has been a key driver in sales in the category over the course of the review period. In 2020, however, with the outbreak of COVID-19, Spain implemented a strict national lockdown which led to horeca closures around the country.
During the COVID-19 pandemic, home consumption of products in fine wines/champagne and spirits increased as consumers spent more time in home seclusion. During the national lockdown, horeca outlets remained closed for an extended period of time, with further restrictions and the fear of infection impacting consumers’ return to horeca.
Tourists are key consumers of fine wines/champagne and spirits in Spain. During the COVID-19 lockdown, however, the tourist industry suffered severe losses.
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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 Spain 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 Spain, our research will save you time and money while empowering you to make informed, profitable decisions.
The Fine Wines/Champagne and Spirits in Spain market research report includes:
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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.