Following the easing of the country’s national lockdown, travel restrictions and social distancing measures, tourism is key to the recovery of fine wines/champagne and spirits over the forecast period. The fact that the process of applying for an alcohol licence has been made easier will also help to support greater demand.
Brands within fine wines/champagne and spirits will continue to be those coming in from the global market, as no local manufacturers of such products exist in the region. Hence, popular trends from global markets are also expected to eventually reflect in the United Arab Emirates over the forecast period.
In general, the consumption of alcohol is expected to decline over the forecast period, as a result of growing awareness of health and wellness. As an increasing number of consumers become aware of the health problems associated with the consumption of alcohol, the consumption of fine wines/champagne and spirits could be limited to weekends, holidays or special occasions, rather than daily.
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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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