Luxury Wines and Spirits Market Research Report - Forecast to 2027

Luxury Wines and Spirits Market: By Type (Wine, Whisky, Rum, Brandy, Vodka, Gin, Tequila and Others), By Distribution Channel (Food Retail and Food Service) - Forecast till 2027

ID: MRFR/F-B & N/5769-CR | February 2021 | Region: Global | 167 Pages         

1 Executive Summary

2 Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.3 List Of Assumptions

2.4 Market Structure

2.5 Key Takeaways

2.6 Key Buying Criteria

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Dynamics

4.1 Introduction

4.2 Drivers

4.2.1 Rise In Number Of High Net Worth Individuals

4.2.2 Growth Of Luxury Travel Industry

4.2.3 Rise In Per Capita Disposable Income

4.3 Restraints

4.3.1 Drifting Consumer Preference Towards Non-Alcoholic Beverages

4.3.2 Stringent Government Policies

4.4 Opportunities

4.4.1 Differentiation Through Packaging, Digitization, And Branding

4.4.2 Adoption Of Growth Strategies

4.5 Challenges

4.5.1 Maintaining Brand Prestige And Authenticity

5 Market Factor Analysis

5.1 Value Chain Analysis

5.1.1 Raw Material Procurement

5.1.2 Processing

5.1.3 Packaging

5.2 Supply Chain Analysis

5.3 Porter’s Five Forces Analysis

5.3.1 Threat Of New Entrants

5.3.2 Threat Of Substitutes

5.3.3 Bargaining Power Of Buyers

5.3.4 Bargaining Power Of Suppliers

5.3.5 Competitive Rivalry

6 Global Luxury Wines & Spirits Market, By Type

6.1 Overview

6.1.1 Wine

6.1.2 Whisky

6.1.3 Rum

6.1.4 Brandy

6.1.5 Vodka

6.1.6 Gin

6.1.7 Tequila

6.1.8 Others

7 Global Luxury Wines & Spirits Market, By Distribution Channel

7.1 Overview

7.1.1 Food Retail

7.1.2 Food Service

8 Global Luxury Wines & Spirits Market, By Region

8.1 Introduction

8.2 North America

8.2.1 U.S.

8.2.2 Canada

8.2.3 Mexico

8.3 Europe

8.3.1 Germany

8.3.2 UK

8.3.3 France

8.3.4 Spain

8.3.5 Italy

8.3.6 Rest Of Europe

8.4 Asia Pacific

8.4.1 China

8.4.2 India

8.4.3 Japan

8.4.4 Australia & New Zealand

8.4.5 Rest Of Asia-Pacific

8.5 Rest Of The World

8.5.1 Middle East

8.5.2 Africa

8.5.3 South America

9 Competitive Landscape

10 Company Profiles

10.1 Pernod Ricard SA

10.1.1 Company Overview

10.1.2 Financial Overview

10.1.3 Products Offered

10.1.4 Key Strategies

10.2 Brown-Forman Corporation

10.2.1 Company Overview

10.2.2 Financial Overview

10.2.3 Products Offered

10.2.4 Key Strategies

10.3 Diageo PLC

10.3.1 Company Overview

10.3.2 Financial Overview

10.3.3 Products Offered

10.3.4 Key Strategies

10.4 Bacardi & Company Limited

10.4.1 Company Overview

10.4.2 Financial Overview

10.4.3 Products Offered

10.4.4 Key Strategies

10.5 Thai Beverage PLC

10.5.1 Company Overview

10.5.2 Financial Overview

10.5.3 Products Offered

10.5.4 Key Strategies

10.6 Campari-Milano S.P.A.

10.6.1 Company Overview

10.6.2 Financial Overview

10.6.3 Products Offered

10.6.4 Key Strategies

10.7 The Edrington Group Limited

10.7.1 Company Overview

10.7.2 Financial Overview

10.7.3 Products Offered

10.7.4 Key Strategies

10.8 Bayadera Group

10.8.1 Company Overview

10.8.2 Financial Overview

10.8.3 Products Offered

10.8.4 Key Strategies

10.9 LVMH Moët Hennessy Louis Vuitton S.E.

10.9.1 Company Overview

10.9.2 Financial Overview

10.9.3 Products Offered

10.9.4 Key Strategies

10.10 William Grant & Sons Limited

10.10.1 Company Overview

10.10.2 Financial Overview

10.10.3 Products Offered

10.10.4 Key Strategies

10.11 Hitejinro Co., Ltd

10.11.1 Company Overview

10.11.2 Financial Overview

10.11.3 Products Offered

10.11.4 Key Strategies

10.12 Beam Suntory Inc.

10.12.1 Company Overview

10.12.2 Financial Overview

10.12.3 Products Offered

10.12.4 Key Strategies

11 Conclusion

11.2 Key Findings

12 List Of Tables

TABLE 1 GLOBAL: LUXURY WINES AND SPIRITS MARKET, BY REGION, 2013-2018 (USD MILLION)

TABLE 2 GLOBAL: LUXURY WINES AND SPIRITS MARKET, BY REGION, 2019-2023 (USD MILLION)

TABLE 3 GLOBAL: LUXURY WINES AND SPIRITS MARKET, BY REGION, 2013-2018 (HECTOLITERS)

TABLE 4 GLOBAL: LUXURY WINES AND SPIRITS MARKET, BY REGION, 2019-2023 (HECTOLITERS)

TABLE 5 GLOBAL: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (USD MILLION)

TABLE 6 GLOBAL: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (USD MILLION)

TABLE 7 GLOBAL: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (HECTOLITERS)

TABLE 8 GLOBAL: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (HECTOLITERS)

TABLE 9 GLOBAL LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (USD MILLION)

TABLE 10 GLOBAL LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (USD MILLION)

TABLE 11 GLOBAL LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2028 (HECTOLITERS)

TABLE 12 GLOBAL LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (HECTOLITERS)

TABLE 13 GLOBAL LUXURY WINES AND SPIRITS (WINE) MARKET, BY REGION, 2013-2018 (USD MILLION)

TABLE 14 GLOBAL LUXURY WINES AND SPIRITS (WINE) MARKET, BY REGION, 2019-2023 (USD MILLION)

TABLE 15 GLOBAL LUXURY WINES AND SPIRITS (WINE) MARKET, BY REGION, 2013-2018 (HECTOLITRES)

TABLE 16 GLOBAL LUXURY WINES AND SPIRITS (WINE) MARKET, BY REGION, 2019-2023 (HECTOLITRES)

TABLE 17 GLOBAL LUXURY WINES AND SPIRITS (WHISKY) MARKET, BY REGION, 2013-2018 (USD MILLION)

TABLE 18 GLOBAL LUXURY WINES AND SPIRITS (WHISKY) MARKET, BY REGION, 2019-2023 (USD MILLION)

TABLE 19 GLOBAL LUXURY WINES AND SPIRITS (WHISKY) MARKET, BY REGION, 2013-2018 (HECTOLITRES)

TABLE 20 GLOBAL LUXURY WINES AND SPIRITS (WHISKY) MARKET, BY REGION, 2019-2023 (HECTOLITRES)

TABLE 21 GLOBAL LUXURY WINES AND SPIRITS (RUM) MARKET, BY REGION, 2013-2018 (USD MILLION)

TABLE 22 GLOBAL LUXURY WINES AND SPIRITS (RUM) MARKET, BY REGION, 2019-2023 (USD MILLION)

TABLE 23 GLOBAL LUXURY WINES AND SPIRITS (RUM) MARKET, BY REGION, 2013-2018 (HECTOLITRES)

TABLE 24 GLOBAL LUXURY WINES AND SPIRITS (RUM) MARKET, BY REGION, 2019-2023 (HECTOLITRES)

TABLE 25 GLOBAL LUXURY WINES AND SPIRITS (BRANDY) MARKET, BY REGION, 2013-2018 (USD MILLION)

TABLE 26 GLOBAL LUXURY WINES AND SPIRITS (BRANDY) MARKET, BY REGION, 2019-2023 (USD MILLION)

TABLE 27 GLOBAL LUXURY WINES AND SPIRITS (BRANDY) MARKET, BY REGION, 2013-2018 (HECTOLITRES)

TABLE 28 GLOBAL LUXURY WINES AND SPIRITS (BRANDY) MARKET, BY REGION, 2019-2023 (HECTOLITRES)

TABLE 29 GLOBAL LUXURY WINES AND SPIRITS (VODKA) MARKET, BY REGION, 2013-2018 (USD MILLION)

TABLE 30 GLOBAL LUXURY WINES AND SPIRITS (VODKA) MARKET, BY REGION, 2019-2023 (USD MILLION)

TABLE 31 GLOBAL LUXURY WINES AND SPIRITS (VODKA) MARKET, BY REGION, 2013-2018 (HECTOLITRES)

TABLE 32 GLOBAL LUXURY WINES AND SPIRITS (VODKA) MARKET, BY REGION, 2019-2023 (HECTOLITRES)

TABLE 33 GLOBAL LUXURY WINES AND SPIRITS (GIN) MARKET, BY REGION, 2013-2018 (USD MILLION)

TABLE 34 GLOBAL LUXURY WINES AND SPIRITS (GIN) MARKET, BY REGION, 2019-2023 (USD MILLION)

TABLE 35 GLOBAL LUXURY WINES AND SPIRITS (GIN) MARKET, BY REGION, 2013-2018 (HECTOLITRES)

TABLE 36 GLOBAL LUXURY WINES AND SPIRITS (GIN) MARKET, BY REGION, 2019-2023 (HECTOLITRES)

TABLE 37 GLOBAL LUXURY WINES AND SPIRITS (TEQUILA) MARKET, BY REGION, 2013-2018 (USD MILLION)

TABLE 38 GLOBAL LUXURY WINES AND SPIRITS (TEQUILA) MARKET, BY REGION, 2019-2023 (USD MILLION)

TABLE 39 GLOBAL LUXURY WINES AND SPIRITS (TEQUILA) MARKET, BY REGION, 2013-2018 (HECTOLITRES)

TABLE 40 GLOBAL LUXURY WINES AND SPIRITS (TEQUILA) MARKET, BY REGION, 2019-2023 (HECTOLITRES)

TABLE 41 GLOBAL LUXURY WINES AND SPIRITS (OTHERS) MARKET, BY REGION, 2013-2018 (USD MILLION)

TABLE 42 GLOBAL LUXURY WINES AND SPIRITS (OTHERS) MARKET, BY REGION, 2019-2023 (USD MILLION)

TABLE 43 GLOBAL LUXURY WINES AND SPIRITS (OTHERS) MARKET, BY REGION, 2013-2018 (HECTOLITRES)

TABLE 44 GLOBAL LUXURY WINES AND SPIRITS (OTHERS) MARKET, BY REGION, 2019-2023 (HECTOLITRES)

TABLE 45 GLOBAL LUXURY WINES AND SPIRITS (FOOD SERVICE) MARKET, BY REGION, 2013-2018 (USD MILLION)

TABLE 46 GLOBAL LUXURY WINES AND SPIRITS (FOOD SERVICE) MARKET, BY REGION, 2019-2023 (USD MILLION)

TABLE 47 GLOBAL LUXURY WINES AND SPIRITS (FOOD SERVICE) MARKET, BY REGION, 2013-2018 (HECTOLITRES)

TABLE 48 GLOBAL LUXURY WINES AND SPIRITS (FOOD SERVICE) MARKET, BY REGION, 2019-2023 (HECTOLITRES)

TABLE 49 GLOBAL LUXURY WINES AND SPIRITS (FOOD RETAIL) MARKET, BY REGION, 2013-2018 (USD MILLION)

TABLE 50 GLOBAL LUXURY WINES AND SPIRITS (FOOD RETAIL) MARKET, BY REGION, 2019-2023 (USD MILLION)

TABLE 51 GLOBAL LUXURY WINES AND SPIRITS (FOOD RETAIL) MARKET, BY REGION, 2013-2018 (HECTOLITRES)

TABLE 52 GLOBAL LUXURY WINES AND SPIRITS (FOOD RETAIL) MARKET, BY REGION, 2019-2023 (HECTOLITRES)

TABLE 53 NORTH AMERICA: LUXURY WINES AND SPIRITS MARKET, BY COUNTRY, 2013-2018 (USD MILLION)

TABLE 54 NORTH AMERICA: LUXURY WINES AND SPIRITS MARKET, BY COUNTRY, 2019-2023 (USD MILLION)

TABLE 55 NORTH AMERICA: LUXURY WINES AND SPIRITS MARKET, BY COUNTRY, 2013-2018 (HECTOLITERS)

TABLE 56 NORTH AMERICA: LUXURY WINES AND SPIRITS MARKET, BY COUNTRY, 2019-2023 (HECTOLITERS)

TABLE 57 NORTH AMERICA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (USD MILLION)

TABLE 58 NORTH AMERICA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (USD MILLION)

TABLE 59 NORTH AMERICA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (HECTOLITERS)

TABLE 60 NORTH AMERICA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (HECTOLITERS)

TABLE 61 NORTH AMERICA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (USD MILLION)

TABLE 62 NORTH AMERICA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (USD MILLION)

TABLE 63 NORTH AMERICA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (HECTOLITERS)

TABLE 64 NORTH AMERICA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (HECTOLITERS)

TABLE 65 U.S.: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (USD MILLION)

TABLE 66 TU.S.: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (USD MILLION)

TABLE 67 U.S.: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (HECTOLITERS)

TABLE 68 U.S.: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (HECTOLITERS)

TABLE 69 U.S.: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (USD MILLION)

TABLE 70 U.S.: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (USD MILLION)

TABLE 71 U.S.: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (HECTOLITERS)

TABLE 72 U.S.: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (HECTOLITERS)

TABLE 73 CANADA.: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (USD MILLION)

TABLE 74 CANADA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (USD MILLION)

TABLE 75 CANADA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (HECTOLITERS)

TABLE 76 CANADA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (HECTOLITERS)

TABLE 77 CANADA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (USD MILLION)

TABLE 78 CANADA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (USD MILLION)

TABLE 79 CANADA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (HECTOLITERS)

TABLE 80 CANADA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (HECTOLITERS)

TABLE 81 MEXICO: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (USD MILLION)

TABLE 82 MEXICO: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (USD MILLION)

TABLE 83 MEXICO: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (HECTOLITERS)

TABLE 84 MEXICO: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (HECTOLITERS)

TABLE 85 MEXICO: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (USD MILLION)

TABLE 86 MEXICO: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (USD MILLION)

TABLE 87 MEXICO: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (HECTOLITERS)

TABLE 88 MEXICO: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (HECTOLITERS)

TABLE 89 EUROPE: LUXURY WINES AND SPIRITS MARKET, BY COUNTRY, 2013-2018 (USD MILLION)

TABLE 90 EUROPE: LUXURY WINES AND SPIRITS MARKET, BY COUNTRY, 2019-2023 (USD MILLION)

TABLE 91 EUROPE: LUXURY WINES AND SPIRITS MARKET, BY COUNTRY, 2013-2018 (HECTOLITRES)

TABLE 92 EUROPE: LUXURY WINES AND SPIRITS MARKET, BY COUNTRY, 2019-2023 (HECTOLITRES)

TABLE 93 EUROPE: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (USD MILLION)

TABLE 94 EUROPE: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (USD MILLION)

TABLE 95 EUROPE: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (HECTOLITRES)

TABLE 96 EUROPE: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (HECTOLITRES)

TABLE 97 EUROPE: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (USD MILLION)

TABLE 98 EUROPE: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (USD MILLION)

TABLE 99 EUROPE: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (HECTOLITRES)

TABLE 100 EUROPE: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (HECTOLITRES)

TABLE 101 GERMANY: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (USD MILLION)

TABLE 102 GERMANY: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (USD MILLION)

TABLE 103 GERMANY: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (USD MILLION)

TABLE 104 GERMANY: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (USD MILLION)

TABLE 105 GERMANY: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (HECTOLITRES)

TABLE 106 GERMANY: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (HECTOLITRES)

TABLE 107 GERMANY: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (HECTOLITRES)

TABLE 108 GERMANY: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (HECTOLITRES)

TABLE 109 UK: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (USD MILLION)

TABLE 110 UK: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (USD MILLION)

TABLE 111 UK: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (USD MILLION)

TABLE 112 UK: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (USD MILLION)

TABLE 113 UK: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (HECTOLITRES)

TABLE 114 UK: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (HECTOLITRES)

TABLE 115 UK: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (HECTOLITRES)

TABLE 116 UK: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (HECTOLITRES)

TABLE 117 FRANCE: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (USD MILLION)

TABLE 118 FRANCE: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (USD MILLION)

TABLE 119 FRANCE: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (USD MILLION)

TABLE 120 FRANCE: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (USD MILLION)

TABLE 121 FRANCE: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (HECTOLITRES)

TABLE 122 FRANCE: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (HECTOLITRES)

TABLE 123 FRANCE: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (HECTOLITRES)

TABLE 124 FRANCE: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (HECTOLITRES)

TABLE 125 SPAIN: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (USD MILLION)

TABLE 126 SPAIN: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (USD MILLION)

TABLE 127 SPAIN: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (USD MILLION)

TABLE 128 SPAIN: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (USD MILLION)

TABLE 129 SPAIN: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (HECTOLITRES)

TABLE 130 SPAIN: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (HECTOLITRES)

TABLE 131 SPAIN: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (HECTOLITRES)

TABLE 132 SPAIN: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (HECTOLITRES)

TABLE 133 ITALY: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (USD MILLION)

TABLE 134 ITALY: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (USD MILLION)

TABLE 135 ITALY: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (USD MILLION)

TABLE 136 ITALY: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (USD MILLION)

TABLE 137 ITALY: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (HECTOLITRES)

TABLE 138 ITALY: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (HECTOLITRES)

TABLE 139 ITALY: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (HECTOLITRES)

TABLE 140 ITALY: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (HECTOLITRES)

TABLE 14 REST OF EUROPE: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (USD MILLION)

TABLE 142 REST OF EUROPE: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (USD MILLION)

TABLE 143 REST OF EUROPE: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (USD MILLION)

TABLE 144 REST OF EUROPE: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (USD MILLION)

TABLE 145 REST OF EUROPE: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (HECTOLITRES)

TABLE 146 REST OF EUROPE: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (HECTOLITRES)

TABLE 147 REST OF EUROPE: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (HECTOLITRES)

TABLE 148 REST OF EUROPE: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (HECTOLITRES)

TABLE 149 ASIA PACIFIC: LUXURY WINES AND SPIRITS MARKET, BY COUNTRY, 2013-2018 (USD MILLION)

TABLE 150 ASIA PACIFIC: LUXURY WINES AND SPIRITS MARKET, BY COUNTRY, 2019-2023 (USD MILLION)

TABLE 151 ASIA PACIFIC: LUXURY WINES AND SPIRITS MARKET, BY COUNTRY, 2013-2018 (HECTOLITRES)

TABLE 152 ASIA PACIFIC: LUXURY WINES AND SPIRITS MARKET, BY COUNTRY, 2019-2023 (HECTOLITRES)

TABLE 153 ASIA PACIFIC: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (USD MILLION)

TABLE 154 ASIA PACIFIC: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (USD MILLION)

TABLE 155 ASIA PACIFIC: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (HECTOLITRES)

TABLE 156 ASIA PACIFIC: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (HECTOLITRES)

TABLE 157 ASIA PACIFIC: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (USD MILLION)

TABLE 158 ASIA PACIFIC: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (USD MILLION)

TABLE 159 ASIA PACIFIC: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (HECTOLITRES)

TABLE 160 ASIA PACIFIC: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (HECTOLITRES)

TABLE 161 CHINA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (USD MILLION)

TABLE 162 CHINA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (USD MILLION)

TABLE 163 CHINA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (USD MILLION)

TABLE 164 CHINA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (USD MILLION)

TABLE 165 CHINA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (HECTOLITRES)

TABLE 166 CHINA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (HECTOLITRES)

TABLE 167 CHINA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (HECTOLITRES)

TABLE 168 CHINA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (HECTOLITRES)

TABLE 169 INDIA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (USD MILLION)

TABLE 170 INDIA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (USD MILLION)

TABLE 171 INDIA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (USD MILLION)

TABLE 172 INDIA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (USD MILLION)

TABLE 173 INDIA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (HECTOLITRES)

TABLE 174 INDIA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (HECTOLITRES)

TABLE 175 INDIA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (HECTOLITRES)

TABLE 176 INDIA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (HECTOLITRES)

TABLE 177 JAPAN: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (USD MILLION)

TABLE 178 JAPAN: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (USD MILLION)

TABLE 179 JAPAN: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (USD MILLION)

TABLE 180 JAPAN: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (USD MILLION)

TABLE 181 JAPAN: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (HECTOLITRES)

TABLE 182 JAPAN: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (HECTOLITRES)

TABLE 183 JAPAN: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (HECTOLITRES)

TABLE 184 JAPAN: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (HECTOLITRES)

TABLE 185 AUSTRALIA & NEW ZEALAND: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (USD MILLION)

TABLE 186 AUSTRALIA & NEW ZEALAND: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (USD MILLION)

TABLE 187 AUSTRALIA & NEW ZEALAND: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (USD MILLION)

TABLE 188 AUSTRALIA & NEW ZEALAND: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (USD MILLION)

TABLE 189 AUSTRALIA & NEW ZEALAND: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (HECTOLITRES)

TABLE 190 AUSTRALIA & NEW ZEALAND: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (HECTOLITRES)

TABLE 191 AUSTRALIA & NEW ZEALAND: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (HECTOLITRES)

TABLE 192 AUSTRALIA & NEW ZEALAND: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (HECTOLITRES)

TABLE 193 REST OF ASIA-PACIFIC: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (USD MILLION)

TABLE 194 REST OF ASIA-PACIFIC: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (USD MILLION)

TABLE 195 REST OF ASIA-PACIFIC: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (USD MILLION)

TABLE 196 REST OF ASIA-PACIFIC: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (USD MILLION)

TABLE 197 REST OF ASIA-PACIFIC: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (HECTOLITRES)

TABLE 198 REST OF ASIA-PACIFIC: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (HECTOLITRES)

TABLE 199 REST OF ASIA-PACIFIC: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (HECTOLITRES)

TABLE 200 REST OF ASIA-PACIFIC: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (HECTOLITRES)

TABLE 201 REST OF THE WORLD: LUXURY WINES AND SPIRITS MARKET, BY REGION, 2013-2018 (USD MILLION)

TABLE 202 REST OF THE WORLD: LUXURY WINES AND SPIRITS MARKET, BY REGION, 2019-2023 (USD MILLION)

TABLE 203 REST OF THE WORLD: LUXURY WINES AND SPIRITS MARKET, BY REGION, 2013-2018 (HECTOLITERS)

TABLE 204 REST OF THE WORLD: LUXURY WINES AND SPIRITS MARKET, BY REGION, 2019-2023 (HECTOLITERS)

TABLE 205 REST OF THE WORLD: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (USD MILLION)

TABLE 206 REST OF THE WORLD: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (USD MILLION)

TABLE 207 REST OF THE WORLD: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (HECTOLITERS)

TABLE 208 REST OF THE WORLD: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (HECTOLITERS)

TABLE 209 REST OF THE WORLD: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (USD MILLION)

TABLE 210 REST OF THE WORLD: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (USD MILLION)

TABLE 211 REST OF THE WORLD: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (HECTOLITERS)

TABLE 212 REST OF THE WORLD: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (HECTOLITERS)

TABLE 213 MIDDLE EAST: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (USD MILLION)

TABLE 214 MIDDLE EAST: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (USD MILLION)

TABLE 215 MIDDLE EAST: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (HECTOLITERS)

TABLE 216 MIDDLE EAST: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (HECTOLITERS)

TABLE 217 MIDDLE EAST: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (USD MILLION)

TABLE 218 MIDDLE EAST: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (USD MILLION)

TABLE 219 MIDDLE EAST: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (HECTOLITERS)

TABLE 220 MIDDLE EAST: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (HECTOLITERS)

TABLE 221 AFRICA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (USD MILLION)

TABLE 222 AFRICA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (USD MILLION)

TABLE 223 AFRICA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (HECTOLITERS)

TABLE 224 AFRICA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (HECTOLITERS)

TABLE 225 AFRICA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (USD MILLION)

TABLE 226 AFRICA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (USD MILLION)

TABLE 227 AFRICA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (HECTOLITERS)

TABLE 228 AFRICA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (HECTOLITERS)

TABLE 229 SOUTH AMERICA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (USD MILLION)

TABLE 230 SOUTH AMERICA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (USD MILLION)

TABLE 231 SOUTH AMERICA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2013-2018 (HECTOLITERS)

TABLE 232 SOUTH AMERICA: LUXURY WINES AND SPIRITS MARKET, BY TYPE, 2019-2023 (HECTOLITERS)

TABLE 233 SOUTH AMERICA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (USD MILLION)

TABLE 234 SOUTH AMERICA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (USD MILLION)

TABLE 235 SOUTH AMERICA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2013-2018 (HECTOLITERS)

TABLE 236 SOUTH AMERICA: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2019-2023 (HECTOLITERS)

13 List Of Figures

FIGURE 1 GLOBAL LUXURY WINES AND SPIRITS MARKET SHARE (%), BY REGION (2017 & 2023)

FIGURE 2 GLOBAL LUXURY WINES AND SPIRITS MARKET SHARE (%), BY TYPE (2017 & 2023)

FIGURE 3 GLOBAL LUXURY WINES AND SPIRITS MARKET SHARE (%), BY DISTRIBUTION CHANNEL (2017 & 2023)

FIGURE 4 GLOBAL LUXURY WINES & SPIRITS MARKET: MARKET STRUCTURE

FIGURE 5 KEY TAKEAWAYS FROM THE GLOBAL LUXURY WINES & SPIRITS MARKET

FIGURE 6 KEY BUYING CRITERIA OF THE GLOBAL LUXURY WINES & SPIRITS MARKET

FIGURE 7 RESEARCH PROCESS OF MRFR

FIGURE 8 TOP-DOWN & BOTTOM-UP APPROACHES

FIGURE 9 MARKET DYNAMICS OVERVIEW

FIGURE 10 VALUE CHAIN ANALYSIS: GLOBAL LUXURY WINES & SPIRITS MARKET

FIGURE 11 SUPPLY CHAIN ANALYSIS: GLOBAL LUXURY WINES & SPIRITS MARKET

FIGURE 12 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL LUXURY WINES & SPIRITS MARKE

FIGURE 13 GLOBAL LUXURY WINES & SPIRITS MARKET, BY TYPE 2017 & 2023 (USD MILLION)

FIGURE 14 GLOBAL LUXURY WINES & SPIRITS MARKET, BY DISTRIBUTION CHANNEL 2017 & 2023 (USD MILLION)

FIGURE 15 GLOBAL LUXURY WINES & SPIRITS MARKET, BY REGION 2017 & 2023 (USD MILLION)

FIGURE 16 NORTH AMERICA LUXURY WINES & SPIRITS MARKET, BY COUNTRY 2017 & 2023 (USD MILLION)

FIGURE 17 EUROPE LUXURY WINES AND SPIRITS MARKET, BY COUNTRY 2017 & 2023 (USD MILLION)

FIGURE 18 ASIA PACIFIC LUXURY WINES AND SPIRITS MARKET, BY COUNTRY 2017 & 2023 (USD MILLION)

FIGURE 19 REST OF THE WORLD LUXURY WINES AND SPIRITS MARKET, BY REGION 2017 & 2023 (USD MILLION)

FIGURE 20 GLOBAL LUXURY WINES AND SPIRITS MARKET: MARKET SHARE, BY KEY PLAYERS, 2017

FIGURE 21 SWOT ANALYSIS OF GLOBAL LUXURY WINES AND SPIRITS MARKET

Luxury Wines and Spirits Market

The Luxury Wines and Spirits Market share is expected to reach USD 1,213.8 Billion at a CAGR of 5.25% by 2028.

Segmentation

By Type Wine Whisky Rum Brandy Vodka Gin Tequila Others
By Distribution Channel Food Retail Food Service

Key Players

  • Diageo
  • LMVH
  • Pernod Ricard Bacardi
  • Edrington
  • Suntory Holdings Limited
  • Brown-Forman
  • United Spirits
  • Thai Beverage Public Limited Company
  • Hitejinro Co.Ltd.
  • Davide Campari-Milano S.p.A

Drivers

  • Rise in the number of pubs and bars
  • Adoption of luxury products
  • Increasing living standards
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Luxury Wines and Spirits Market Overview


The Luxury Wines And Spirits Market was valued at a global market sum of USD 971.2 Billion during the historic forecast period that had ended in 2019 and is projected to reach USD 1,213.8 Billion by the end of the current period in 2028 2028, growing at a global market CAGR of 5.25% from 2021 to 2028.


The rise in the number of pubs and bars, adoption of luxury products, and increasing living standards are some of the factors anticipated for driving the market growth during the forecast period. The Global Luxury Wines And Spirits Market report provides a holistic evaluation of the global market during the period.


 


COVID 19 Analysis


The outbreak of the COVID-19 pandemic has created a chaotic ambiance, resulting in a global recession. It has affected the commodity market in many ways. Lockdown is allowing people to invest their time in cooking, baking activities have increased. Thus, there is a surge in sales of cake mixes, flour, and other baking ingredients are observed. However, many issues are arising from temporary closures of retail stores to curb the spread of SARS-COV-2 followed by the adoption of stockpiling of products by the target consumers that have created immense pressure upon convenience stores, supermarkets, and others like hypermarkets. The pandemic has further, influenced the consumer brand liking and preference, as well.


 


Market Dynamics


Drivers


The luxury wines and spirits market has been witnessing an increase in the use of premium products, followed by the increasing the use of advanced technology for improving the fermentation process and increasing the addiction of alcohol among people are driving the global growth of the Luxury Wines And Spirits Market during the forecast period that will be ending in 2028. For example in western societies, wine and alcohol are used at specific events, occasions, and regular times. Moreover, there is an increased degree of health awareness followed by a huge rise in the disposable income of people which has increased the purchasing power of the people are some factors that are providing growth opportunities to the market during the forecast period that will be ending in 2028.


 


Restraints


However, the luxury wines and spirits market growth is witnessing the emergence of market restraints like the rise of strict government rules that can hamper the growth of the market that has been projected for the forecast period that will be ending in 2028. Because there has been an excessive consumption of alcohol is bad for health which can lead to diseases such diabetes, high blood pressure, etc., and thus hamper the projected growth of the market for the period.


 


Technology Analysis


The wine, as a part of the luxury wines and spirits market size, typically has a lower amount of alcohol than spirits. Spirits are likely to be obtained by distilling a fermented liquid mash which is made up of grains and other market products. These spirits are also known as liquors or distilled beverages and are inclusive of some like whiskey, bourbon, gin, vodka, and so on. In the range of drinks like wine, alcohol ranges between 9% -12% ABV, and in spirits alcohol range is typically 40% ABV. Both wines and spirits are obtained with the help of major four steps such as sourcing, fermenting, distilling, and aging. The wine offers a certain amount of benefits such as reducing the risk of cancer, keeping the memory sharp, and being rich in antioxidants. Spirits are likely to help reduce the risk of heart diseases.


 


Segment Overview


The luxury wines and spirits market value will rise because of the performance and revenue that has been recorded by the global market segments. The global market segments are as follows:


 


Based on Product


The global market is bifurcated into Wines and Spirits. The Spirits segment of the luxury wines and spirits market had accounted for the largest market share due to the increasing demand for alcoholic drinks such as vodka, rum, gin, etc. Also, there has been an increase in the popularity of cocktail drinks in social gatherings and parties.


 


Based on Distribution Channel


The market has been bifurcated based on the distribution channel and includes Wholesale, Retail, e-commerce, and others. The retail segment of the market had dominated the highest market share due to the increase in adoption of luxury pubs, bars, and others like retail shops and offering a wide range of products at one stop,


 


Based on the global geography


The Luxury Wines And Spirits Market has been segmented based on the geography like the following:



  • North America

  • Europe

  • the Asia Pacific

  • Rest of the world


 


Regional Analysis


Based on the regional bifurcation of the Global Luxury Wines And Spirits Market, the globally functional market is classified into North America, Europe, Asia Pacific, and the rest of the world. Europe was projected to have held the largest revenue share and is expected to maintain the lead throughout the forecast period that will be ending in 2028 due to changing lifestyles, and increasing disposable income. The APAC region, with the biggest share of 39.07%, is emerging as the most lucrative market for luxury wines and spirits, with India and China contributing significantly to the said growth. A mounting expansion in the number of small-sized wineries combined with the advancements in wine quality in China is some of the key reasons for the market’s strong global growth. Singapore, India, Australia, and Hong Kong are a few other promising markets in the Asian Pacific region, taking into account the rising per capita income, followed by a surging influence of the western culture, and the soaring consumer interest in luxury items.


 


Competitive Landscape


The major players that are helpful in the expansion of the luxury wines and spirits market share and give rise to an expanded degree of competition in the global luxury wines and spirits market premises are as follows:



  • Diageo

  • LMVH

  • Pernod Ricard Bacardi

  • Edrington

  • Suntory Holdings Limited

  • Brown-Forman

  • United Spirits

  • Thai Beverage Public Limited Company

  • Hitejinro Co.Ltd.

  • Davide Campari-Milano S.p.A


The competitive landscape section of the global luxury wines and spirits market report for the forecast period that will be ending in 2028 also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.


 


Recent Developments



  • The luxury wines and spirits market share is expanding because people know that red wine is good for health so there has been a rise in the prevalence of demand for red wine in the global market. Around 34% of the red wine manufacturers have started new different variants of red wines for satisfying the needs of their customers, which is a great opportunity for the expansion of the market in the global market premises.

  • Developing countries that are participants of the global luxury wines and spirits market share are offering a host of lucrative opportunities to luxury wines and spirits manufacturers, because of the surging acceptance and consumption of the same trends that prevail in the market. There has been an increased degree of reference for vintage wines, especially during special events also propels market expansion across these developing countries.

  • Another key opportunity can be the mounting influence of social media on Gen Z and millennials is that the prevailing trends are encouraging them to spend generously on premium goods.

  • Some of the key distribution channels that have been studied in the report are food service and food retail. The food retail segment of the global market is in the lead owing to the surging number of retail shops across emerging markets and the provision of one-stop solutions gaining popularity among the target consumers. Also, since retail stores provide an extensive range of diverse market services and products at affordable rates, the target consumers are more likely to opt for these distribution channels over other means prevalent in the market.

  • In December 2020, one of the prominent market companies - Arbikie recently launched 1794 Highland Rye, which is five-year-old rye that is a blend of various flavors of rye as well as charred American oak, doing great rounds in the market. The new spirit imparts rich flavor and color and further, functions as a promising addition to the range of wheat, malted barley, and rye grains for the global target audience.


 


Report Overview


The luxury wines and spirits market report has been prepared for the target audience and market buyers to understand the dynamics and go for their investments accordingly. The global market report has been prepared to understand the functioning of the market and the basis of the segmentation that helps in meeting the rising needs of the global target audience spread in various locations.



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Frequently Asked Questions (FAQ) :

Global luxury wines and spirits market is projected to grow at approximately 5.22% CAGR during the assessment period (2021-2027).

Global luxury wines and spirits market is estimated to reach a valuation of approx. USD 93,550.0 MN by the end of 2027.

Rise in number of high net worth individuals, growth in the luxury travel industry, and increased spending on lifestyle are major tailwinds pushing the growth of the global luxury wines and spirits market.

Asia Pacific holds the largest share in the global luxury wines and spirits market, followed by Europe and North America, respectively.

Diageo PLC, Bacardi & Company Limited, Bayadera Group, LVMH Moet Hennessy Louis Vuitton S.E, Campari-Milano S.p.A, Thai Beverage PLC, Hitejinro Co., Ltd., Beam Suntory Inc., Brown-Forman Corporation, The Edrington Group Limited, Pernod Ricard SA, and William Grant & Sons Limited, are some of the top players operating in the global luxury wines and spirits market.

Increasing high net worth individuals (HNWIs) population across the globe is paving the way for lucrative opportunities for the market players


Major key players listed in the luxury wines & spirits market include Pernod Ricard SA (France), Brown-Forman Corporation (France), Diageo PLC (UK), Bacardi & Company Limited (Bermuda), Thai Beverage PLC (Thailand), Davide Campari - Milano S.p.A. (Italy), The Edrington Group Limited (UK), Bayadera Group (Ukraine), LVMH Moët Hennessy Louis Vuitton S.E. (France), William Grant & Sons Limited (UK), Hitejinro Co., Ltd (South Korea), and Beam Suntory Inc. (South Korea). The global luxury wines & spirits market is highly competitive in nature owing to the penetration of existing alcoholic beverage producers in the luxury segment. Prominent vendors are adopting new product launch and mergers & acquisitions as their strategy to gain a higher competitive edge over the other market players. Moreover, market players are also focusing on increasing their volume sales in both developing and developed countries due to the surging global demand.


LVMH Moët Hennessy Louis Vuitton S.E. accounted for the highest market share in the global luxury wines & spirits market. It accounted for a major share of 41.6% in the year 2017. The company offers a wide range of wines and spirits, including luxury wines and spirits. The company has a wide range of luxury wines and spirits sold under various brand names including Dom Pérignon and Krug. LVMH continues to expand its business portfolio through several acquisitions in Europe and other parts of the globe. The company also owns a number of vineyards with high production and skilled labor.  


Diageo PLC garnered a share of 14.6% of the overall global luxury wines & spirits market. It has gained global presence by offering luxury wines and spirits to consumers across Europe, Turkey, North America, Asia-Pacific, Africa, Latin America and Caribbean. In order to diversify its business and gain strong hold over the Indian market, the company acquired United Spirits Limited, a prominent India-based spirits company. It has also opened several retail stores such as the experiential retail store in Madrid under Johnnie Walker brand. These expansion initiatives, strategic acquisitions, and partnerships have enabled the company to boost its sale across several regions of the world.


Pernod Ricard SA also holds a prominent position in the global market with a market share of 11.4% in 2017. The company’s growth can be attributed to it strong research and development, diverse product portfolio, and extensive geographic reach. The company is also inclined towards increasing production capacity and vineyards for in-sourced ingredients. It is expected that the company will continue with several partnerships and acquisitions to increase its footprint across the globe.


The other players active in the global luxury wines & spirits market are also striving to gain a prominent position in the market by focusing on partnerships, strategic acquisitions, product launch, and packaging. For instance, Brown-Forman Corporation partnered with Bacardi & Company Limited to distribute its products in the UK market.