In 2021 and 2022, unit prices of fine wine and luxury spirits went up significantly due to inflation and rising energy and logistics costs. This was particularly significant in luxury spirits.
Retail volume sales of fine wines/champagne and spirits are expected to continue to see low-level retail volume sales across the forecast period. Meanwhile, retail current value growth is expected to be more positive.
Other luxury spirits is expected to record positive retail value growth and volume growth across the forecast period, although these are both set to be low level. Despite this, the category is filled with thriving products, such as gins and rums, that are going through an innovative phase with the appearance of craft versions.
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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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