Retail sales of fine wines/champagne and spirits are forecast to rise at a current value CAGR of 9% (2023 constant value CAGR of 6%) over 2023-2028 to amount to IDR141.3 billion.
Fine wines looks set to see retail sales increase at a current value CAGR of 9% (2023 constant value CAGR of 6%) over 2023-2028 to amount to IDR116.2 billion, making it the best performing subcategory within fine wines/champagne and spirits.
The unavailability of store-based retail channels and the principles of social distancing due to the pandemic led to a major increase in the popularity of marketing and alcoholic drinks sales, including fine wines/champagne and spirits, via retail e-commerce at the end of the review period. Many brands created their own online platforms via services such as Tokopedia and Shopee, as well as offered their products via third party grocery shopping applications like Happy Fresh.
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Understand the latest market trends and future growth opportunities for the Fine Wines/Champagne and Spirits industry in Indonesia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Fine Wines/Champagne and Spirits
This is the aggregation of fine wines and luxury spirits.
See All of Our DefinitionsThis report originates from Passport, our Fine Wines/Champagne and Spirits research and analysis database.
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