Luxury Wines and Spirits Market By Type (Wines/Champagnes, Spirits), By Distribution Channel (Wholesale, Retail, E-Commerce, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031

Description

List of Tables

According to a new report published by Allied Market Research, titled, "Luxury Wines and Spirits Market," The luxury wines and spirits market was valued at $229.44 billion in 2021, and is estimated to reach $414.8 billion by 2031, growing at a CAGR of 6.2% from 2022 to 2031.

The luxury wines and spirits market is projected to be fueled by the popularity of experiential marketing. The market for luxury wines and spirits is being supported in a number of ways by the rise of experiential marketing. Experiential marketing enables brands of luxury wines and spirits to connect with consumers more deeply, developing a unique and immersive brand experience. These can include activities that educate consumers about the creation, history, and flavor profiles of the products, such as tastings, dinners, and tours of vineyards and distilleries.

The Europe luxury wines and spirits market held the major share in 2021 and is expected to grow at a significant CAGR during the forecast period. A number of European nations have a long history of producing fine wines and spirits, contributing to the rich cultural heritage of the continent in this area. As a result, there is now a custom of appreciating and valuing fine wines and spirits. The level of disposable income in Europe is rather high, especially in nations like France, Germany, Switzerland, and the UK. As a result, customers in these areas have more money to spend on expensive goods like fine wines and spirits. Travelers from all over the world frequently visit Europe, and many of them are curious to try regional foods and drinks. Luxury wine and spirits are now in high demand, especially in popular travel destinations like France and Italy. Europe has a well-established wine and spirit distribution network with a vast variety of importers, distributors, and retailers. Luxury wine and spirit manufacturers may find it simpler to reach customers and create a presence in the market as a result.

Moreover, Cocktails are alcoholic drinks that contain small amounts of distilled spirit that are mixed with different juices. They are gaining popularity at nightclubs, hotels, and holiday destinations as there are wide varieties of these mixtures available to consumers. A cocktail drink contains a small number of premium spirits and a maximum amount of other ingredients, which are available at a cheaper price, thus is expected to create huge opportunities for the market in the coming years. This rise in popularity is mainly due to changing consumer consumption habits and a shift away from traditional beverages like soft drinks and beer. Consumers, mainly millennials are more health conscious, and they are willing to try new, healthier, alternatives to traditional soft drinks. Thus, this factor is expected to surge the growth in the popularity of cocktails drinks.

However, the major consumers of this market are the top 10% of global earning individuals and they are generally driven by quality and the exclusivity of these products. As a result, the products are usually priced at a premium cost for their finest quality. Moreover, the sales and distributions are limited to selected stores and distributors that ensure overall satisfaction with the consumption of these products. Hence, this restricts the availability of products to the masses through popular retail channels and online websites, which hampers the market growth.

The luxury wines and spirits market is segmented on the basis of type, distribution channel, and region. On the basis of type, the market is classified into wines/champagne and spirits. On the basis of distribution channel, the market is classified into wholesale, retail, e-commerce, and others. On the basis of region, it is analyzed across North America (U.S., Canada, Mexico), Europe (France, Germany, Italy, Spain, UK, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Thailand, Malaysia, Indonesia, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Argentina, and Rest of LAMEA).

The major players operating in the market focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. Brown-Forman Corporation, Pernod Ricard, Bacardi Limited, Thai Beverage PLC, Davide Campari-Milano N.V., Hitejinro co. Ltd, Suntory Holdings Limited, The Edrington group limited, LVMH, Bayadere Group, Campari-Milano, United Spirits Ltd., and Total Wine & More.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the luxury wines and spirits market analysis from 2021 to 2031 to identify the prevailing luxury wines and spirits market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the luxury wines and spirits market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global luxury wines and spirits market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

Wines/Champagnes
Spirits

By Distribution Channel

Wholesale
Retail
E-Commerce
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa,
- Argentina
- Rest of LAMEA

Key Market Players:

Bacardi Limited
Thai Beverage Pubilc Company Limited
Suntory Holdings Limited
Davide Campari-Milano N.V.
Bayadera Group
HITEJINRO Co., Ltd.
Brown-Forman Corporation
LVMH
Pernod Ricard
Diageo plc.

Product Code: A01484

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. The growth in interest in premium and unique products
  - 3.4.1.2. Rise in demand for organic and sustainable product
  - 3.4.1.3. The popularity of experiential marketing
  - 3.4.1.4. Rise in disposable income and rapid urbanization

3.4.2. Restraints
- 3.4.2.1. High prices of products
- 3.4.2.2. Availability of counterfeiting products
- 3.4.2.3. Stringent government policies
- 3.4.2.4. Selective distribution of products

3.4.3. Opportunities
- 3.4.3.1. Growth in the popularity of cocktail drinks
- 3.4.3.2. Expansion of distribution networks
- 3.4.3.3. Innovation and new product development

3.5. COVID-19 Impact Analysis on the market
3.6. Parent Market Analysis
3.7. Value Chain Analysis

CHAPTER 4: LUXURY WINES AND SPIRITS MARKET, BY TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Wines/Champagnes
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Spirits
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country

CHAPTER 5: LUXURY WINES AND SPIRITS MARKET, BY DISTRIBUTION CHANNEL

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Wholesale
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Retail
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. E-Commerce
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
5.5. Others
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country

CHAPTER 6: LUXURY WINES AND SPIRITS MARKET, BY REGION

6.1. Overview
- 6.1.1. Market size and forecast By Region
6.2. North America
- 6.2.1. Key trends and opportunities
- 6.2.2. Market size and forecast, by Type
- 6.2.3. Market size and forecast, by Distribution Channel
- 6.2.4. Market size and forecast, by country
  - 6.2.4.1. U.S.
  - 6.2.4.1.1. Key market trends, growth factors and opportunities
  - 6.2.4.1.2. Market size and forecast, by Type
  - 6.2.4.1.3. Market size and forecast, by Distribution Channel
  - 6.2.4.2. Canada
  - 6.2.4.2.1. Key market trends, growth factors and opportunities
  - 6.2.4.2.2. Market size and forecast, by Type
  - 6.2.4.2.3. Market size and forecast, by Distribution Channel
  - 6.2.4.3. Mexico
  - 6.2.4.3.1. Key market trends, growth factors and opportunities
  - 6.2.4.3.2. Market size and forecast, by Type
  - 6.2.4.3.3. Market size and forecast, by Distribution Channel
6.3. Europe
- 6.3.1. Key trends and opportunities
- 6.3.2. Market size and forecast, by Type
- 6.3.3. Market size and forecast, by Distribution Channel
- 6.3.4. Market size and forecast, by country
  - 6.3.4.1. Germany
  - 6.3.4.1.1. Key market trends, growth factors and opportunities
  - 6.3.4.1.2. Market size and forecast, by Type
  - 6.3.4.1.3. Market size and forecast, by Distribution Channel
  - 6.3.4.2. France
  - 6.3.4.2.1. Key market trends, growth factors and opportunities
  - 6.3.4.2.2. Market size and forecast, by Type
  - 6.3.4.2.3. Market size and forecast, by Distribution Channel
  - 6.3.4.3. UK
  - 6.3.4.3.1. Key market trends, growth factors and opportunities
  - 6.3.4.3.2. Market size and forecast, by Type
  - 6.3.4.3.3. Market size and forecast, by Distribution Channel
  - 6.3.4.4. Spain
  - 6.3.4.4.1. Key market trends, growth factors and opportunities
  - 6.3.4.4.2. Market size and forecast, by Type
  - 6.3.4.4.3. Market size and forecast, by Distribution Channel
  - 6.3.4.5. Italy
  - 6.3.4.5.1. Key market trends, growth factors and opportunities
  - 6.3.4.5.2. Market size and forecast, by Type
  - 6.3.4.5.3. Market size and forecast, by Distribution Channel
  - 6.3.4.6. Rest of Europe
  - 6.3.4.6.1. Key market trends, growth factors and opportunities
  - 6.3.4.6.2. Market size and forecast, by Type
  - 6.3.4.6.3. Market size and forecast, by Distribution Channel
6.4. Asia-Pacific
- 6.4.1. Key trends and opportunities
- 6.4.2. Market size and forecast, by Type
- 6.4.3. Market size and forecast, by Distribution Channel
- 6.4.4. Market size and forecast, by country
  - 6.4.4.1. China
  - 6.4.4.1.1. Key market trends, growth factors and opportunities
  - 6.4.4.1.2. Market size and forecast, by Type
  - 6.4.4.1.3. Market size and forecast, by Distribution Channel
  - 6.4.4.2. Japan
  - 6.4.4.2.1. Key market trends, growth factors and opportunities
  - 6.4.4.2.2. Market size and forecast, by Type
  - 6.4.4.2.3. Market size and forecast, by Distribution Channel
  - 6.4.4.3. India
  - 6.4.4.3.1. Key market trends, growth factors and opportunities
  - 6.4.4.3.2. Market size and forecast, by Type
  - 6.4.4.3.3. Market size and forecast, by Distribution Channel
  - 6.4.4.4. Australia
  - 6.4.4.4.1. Key market trends, growth factors and opportunities
  - 6.4.4.4.2. Market size and forecast, by Type
  - 6.4.4.4.3. Market size and forecast, by Distribution Channel
  - 6.4.4.5. Rest of Asia-Pacific
  - 6.4.4.5.1. Key market trends, growth factors and opportunities
  - 6.4.4.5.2. Market size and forecast, by Type
  - 6.4.4.5.3. Market size and forecast, by Distribution Channel
6.5. LAMEA
- 6.5.1. Key trends and opportunities
- 6.5.2. Market size and forecast, by Type
- 6.5.3. Market size and forecast, by Distribution Channel
- 6.5.4. Market size and forecast, by country
  - 6.5.4.1. Brazil
  - 6.5.4.1.1. Key market trends, growth factors and opportunities
  - 6.5.4.1.2. Market size and forecast, by Type
  - 6.5.4.1.3. Market size and forecast, by Distribution Channel
  - 6.5.4.2. South Africa,
  - 6.5.4.2.1. Key market trends, growth factors and opportunities
  - 6.5.4.2.2. Market size and forecast, by Type
  - 6.5.4.2.3. Market size and forecast, by Distribution Channel
  - 6.5.4.3. Argentina
  - 6.5.4.3.1. Key market trends, growth factors and opportunities
  - 6.5.4.3.2. Market size and forecast, by Type
  - 6.5.4.3.3. Market size and forecast, by Distribution Channel
  - 6.5.4.4. Rest of LAMEA
  - 6.5.4.4.1. Key market trends, growth factors and opportunities
  - 6.5.4.4.2. Market size and forecast, by Type
  - 6.5.4.4.3. Market size and forecast, by Distribution Channel

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top player positioning, 2021

CHAPTER 8: COMPANY PROFILES

8.1. Diageo plc.
- 8.1.1. Company overview
- 8.1.2. Key Executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Business performance
- 8.1.7. Key strategic moves and developments
8.2. Pernod Ricard
- 8.2.1. Company overview
- 8.2.2. Key Executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.2.6. Business performance
- 8.2.7. Key strategic moves and developments
8.3. Bacardi Limited
- 8.3.1. Company overview
- 8.3.2. Key Executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Key strategic moves and developments
8.4. Brown-Forman Corporation
- 8.4.1. Company overview
- 8.4.2. Key Executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Business performance
- 8.4.7. Key strategic moves and developments
8.5. Thai Beverage Pubilc Company Limited
- 8.5.1. Company overview
- 8.5.2. Key Executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business performance
8.6. Davide Campari-Milano N.V.
- 8.6.1. Company overview
- 8.6.2. Key Executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.6.6. Business performance
- 8.6.7. Key strategic moves and developments
8.7. HITEJINRO Co., Ltd.
- 8.7.1. Company overview
- 8.7.2. Key Executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.7.6. Business performance
8.8. Suntory Holdings Limited
- 8.8.1. Company overview
- 8.8.2. Key Executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.8.6. Business performance
- 8.8.7. Key strategic moves and developments
8.9. LVMH
- 8.9.1. Company overview
- 8.9.2. Key Executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. Business performance
- 8.9.7. Key strategic moves and developments
8.10. Bayadera Group
- 8.10.1. Company overview
- 8.10.2. Key Executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio