Market research on the luxury goods industry. Our reports feature...
Market research on the luxury goods industry. Our reports feature a wealth of standardised and cross-comparable statistics including total market sizes, market share and share data, distribution and industry trends.
Fine wines/champagne and spirits is seeing relatively small growth in Sweden in 2024, which is mainly attributed to the fact that the majority of luxury alcoholic drinks are consumed at luxury foodservice establishments and hotels, rather than being…
Fine wines/champagne and spirits has continued to record double-digit growth in current value terms in South Africa in 2024. This strong growth has been largely driven by the increase in unit prices which was a result of elevated inflation and rising…
Fine champagne has been the most dynamic category within fine wines/champagne and spirits in current value terms in 2024, with sales benefiting from the return of weddings and other important celebrations in the wake of the pandemic. However, this…
Sales of fine wines/champagne and spirits in the Philippines in 2024 are being supported by the robust performance seen in the hospitality sector, especially hotels and casinos, since the end of the pandemic era. As noted in a cross-category trend,…
Retail value sales of fine wines/champagne and spirits grew by 3% to reach SGD102 million in 2024. While this result is positive, it is a drop from the double-digit growth performance seen the previous year, when consumers were socialising and…
Retail value sales of fine wines/champagne and spirits are set to grow by 4% in current terms in Hong Kong in 2024 to total HKD1.1 billion. The year is set to see sales finally exceed the level seen prior to the outbreak of COVID-19 in both volume…
Current value sales of fine wines/champagne and spirits are rising by 3% to total CNY853.3 billion in China in 2024, boosted by consumers’ renewed and growing appetite for luxurious experiences and enjoyment. Socialising over a drink with friends…
Increasing urbanisation is considered as one of the key driving factors to growing demand for fine wines/champagne and spirits in Thailand. Enjoying a drink with friends also remains a popular leisure activity, while many consumers appreciate being…
Retail value sales of fine wines/champagne and spirits grew by 5% in 2024, set to reach a sales total of KRW855 billion. Sales on the landscape are bolstered by consumers' habits of enjoying a drink with a meal at home or when relaxing, in addition…
Value sales of fine wines/champagne and spirits are set to more than double in Argentina in 2024, with demand boosted by consumers’ growing appetite for new experiences and increasingly sophisticated tastes. Consumers with the highest purchasing…
Luxury whiskies has been the most dynamic category within fine wines/champagne and spirits in current value terms in 2024. There has been a rising demand for luxury whiskies, backed in part by increasing education and awareness about the different…
Growth in current value terms is declining fine wines/champagne and spirits in Brazil in 2024, with a decrease also in volume sales. The negative trend for volume sales and slowed growth for current value sales follow earlier very dynamic growth,…
Despite a marginal decline in volumes, value sales of fine wines/champagne and spirits in the United Arab Emirates remain considerably higher than pre-pandemic levels in 2024. The United Arab Emirates continues to witness a trend of premiumisation,…
In 2024, fine wines/champagne and spirits in Spain is set to continue to see retail current value growth. However, the rate of increase is expected to be slower than in 2023, with this trend seen in every individual category within fine wines and…
In 2024, demand for fine wines/champagne and spirits continues to increase. Consumption among the local population is rising, as many Italians favour socialising with others, especially at events, while rising tourism figures are also benefiting the…
In 2024, retail current value sales of fine wines/champagne and spirits is set to grow by 1%, reaching a total of RON496 million. However, this figure is a drop from the double-digit growth performance seen the previous year, when consumers were…
Fine wines/champagne and spirits is set to maintain solid retail current value growth in India in 2024, with sales continuing to be overwhelmingly dominated by luxury spirits, especially luxury whiskies. Historically, single malt Scotch dominated…
The market for fine wines, champagne, and spirits in Turkey is poised for dynamic growth in current value terms in 2024, driven by an increasing appreciation for these beverages among both local and international consumers. However, it is important…
Demand for fine wines/champagne and spirits has continued to see steady growth in 2024, influenced by a general growing interest in quality over quantity when it comes to alcoholic drinks and a focus on more sophisticated products among Dutch…
In 2024, fine wines/champagne and spirits in Canada experienced marginal value growth, with low single-digit increases across most categories. Volume growth remained flat, with only luxury whiskies managing to surpass low single-digit volume gains.…