The forecast period is expected to herald the continued positive growth trajectory of fine wines/champagne and spirits. Top-line volumes seem poised for growth, while retail value growth is set to outpace inflation in nearly every category through to 2029.
While luxury goods will still be relevant for those seeking real-world experiences, those with aspirations that exceed their assets will find compromises that still conjure a wealthy image. More common social on-trade occasions, such as brunch, or the occasional bar hangout, are still reeling from post-inflationary shock.
As US Millennials grow their spending power in the coming years, their general interest in reducing alcohol consumption will not be at the expense of premium beverages. Interest in premium bottled water, carbonates, and soft drinks that align with wellness trends have yielded price points that would have been baulked at pre-pandemic.
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Understand the latest market trends and future growth opportunities for the Fine Wines/Champagne and Spirits industry in USA 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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