Global Luxury Wines and Spirits Market Size study & Forecast, by Type (Wines/Champagnes, Spirits), by Distribution Channel (Wholesale, Retail, E-Commerce, Others) and Regional Analysis, 2023-2030

Description

List of Tables

Global Luxury Wines and Spirits Market is valued at approximately USD 243.6 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.2% over the forecast period 2023-2030. The luxury wines and spirits market comprise high-quality alcoholic beverages with alcohol by volume (ABV) ranging from 3 to 40%. These premium-priced products, including wines and distilled spirits, are typically consumed during special occasions such as weddings, parties, and social gatherings. Government regulations in most countries restrict their consumption to individuals aged 17 and above. Moreover, these beverages are gaining popularity among middle-aged consumers, specifically those between the ages of 35 and 55. The global luxury wines and spirits industry is propelled by the increasing demand for premium and distinctive products. Consumers' growing interest in high-quality and unique goods drives the market for luxury wines and spirits.

The growth in the luxury wines and spirits market revenue is driven by the rising number of high-net-worth individuals. According to a report by Oxfam in 2022, As per the Federal Statistical Office, in 2019, disposable personal income in Germany accounted for USD 516.23 billion (EUR 504.54 billion) and the amount increases and reach to USD 544.47 billion (EUR 532.14 billion) in the year 2022. Also, according to The World Bank, in Mexico, the GDP per capita was estimated to be account for USD 8,774.5 in 2016. Also, it is constantly growing and reached USD 9,926.4 by the year 2021. Throughout the forecast period, the luxury wines, and spirits market are expected to witness significant growth driven by several key factors. These include the increasing number of bars and pubs, the trend of premiumization within the wines and spirits industry, and the rising living standards of consumers. However, the luxury wines and spirits market also faces certain restraints that can impede its growth. These include strict government regulations on alcohol consumption and distribution, which can limit market expansion. Additionally, high import and excise duties on luxury wines and spirits can increase product costs, making them less affordable for certain consumer segments.

The key regions considered for the Global Luxury Wines and Spirits Market study include: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market and is also expected to grow significantly during the forecast period 2023-2030. As the European market for luxury wines and spirits is well-established and relatively uniform, with a high level of market penetration. Leading key players such as Campari, Bacardi, Pernod Richard, and Diageo dominate the market. The demand for luxury wines and spirits in Europe is bolstered by evolving lifestyles, driven by a significant increase in disposable income among consumers. Whereas, Asia Pacific is estimated to grow at the highest CAGR owing to the growth of the hospitality sector, increasing population, and increasing number of bars, pubs, and hotels.

Major market players included in this report are:

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

Recent Developments in the Market:

In January 2023, Diageo plc. recently made an announcement regarding the acquisition of Don Papa Rum, a super-premium dark rum from the Philippines. This strategic move aims to enhance and diversify Diageo's portfolio, providing a complementary addition to its existing range of rums.
In November 2022, Diageo plc. successfully completed the acquisition of Balcones Distilling, a renowned super premium whisky distiller based in Texas, USA. This acquisition is a strategic step taken by Diageo to expand its portfolio and strengthen its presence in the whisky market.

Global Luxury Wines and Spirits Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Distribution Channel, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Wines/Champagnes
Spirits

By Distribution Channel:

Wholesale
Retail
E-Commerce
Others

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Luxury Wines and Spirits Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Luxury Wines and Spirits Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Luxury Wines and Spirits Market, by Distribution Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Luxury Wines and Spirits Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Luxury Wines and Spirits Market Dynamics

3.1. Luxury Wines and Spirits Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing demand for premium and distinctive products
  - 3.1.1.2. Growing number of high-net-worth individuals
- 3.1.2. Market Challenges
  - 3.1.2.1. High import and excise duties on luxury wines and spirits increases product costs
  - 3.1.2.2. Strict government regulations on alcohol consumption and distribution
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising living standards of consumers
  - 3.1.3.2. Increasing number of bars and pubs

Chapter 4. Global Luxury Wines and Spirits Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Luxury Wines and Spirits Market, by Type

5.1. Market Snapshot
5.2. Global Luxury Wines and Spirits Market by Type, Performance - Potential Analysis
5.3. Global Luxury Wines and Spirits Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Luxury Wines and Spirits Market, Sub Segment Analysis
- 5.4.1. Wines/Champagnes
- 5.4.2. Spirits

Chapter 6. Global Luxury Wines and Spirits Market, by Distribution Channel

6.1. Market Snapshot
6.2. Global Luxury Wines and Spirits Market by Distribution Channel, Performance - Potential Analysis
6.3. Global Luxury Wines and Spirits Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
6.4. Luxury Wines and Spirits Market, Sub Segment Analysis
- 6.4.1. Wholesale
- 6.4.2. Retail
- 6.4.3. E-Commerce
- 6.4.4. Others

Chapter 7. Global Luxury Wines and Spirits Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Luxury Wines and Spirits Market, Regional Market Snapshot
7.4. North America Luxury Wines and Spirits Market
- 7.4.1. U.S. Luxury Wines and Spirits Market
  - 7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2. Distribution Channel breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Luxury Wines and Spirits Market
7.5. Europe Luxury Wines and Spirits Market Snapshot
- 7.5.1. U.K. Luxury Wines and Spirits Market
- 7.5.2. Germany Luxury Wines and Spirits Market
- 7.5.3. France Luxury Wines and Spirits Market
- 7.5.4. Spain Luxury Wines and Spirits Market
- 7.5.5. Italy Luxury Wines and Spirits Market
- 7.5.6. Rest of Europe Luxury Wines and Spirits Market
7.6. Asia-Pacific Luxury Wines and Spirits Market Snapshot
- 7.6.1. China Luxury Wines and Spirits Market
- 7.6.2. India Luxury Wines and Spirits Market
- 7.6.3. Japan Luxury Wines and Spirits Market
- 7.6.4. Australia Luxury Wines and Spirits Market
- 7.6.5. South Korea Luxury Wines and Spirits Market
- 7.6.6. Rest of Asia Pacific Luxury Wines and Spirits Market
7.7. Latin America Luxury Wines and Spirits Market Snapshot
- 7.7.1. Brazil Luxury Wines and Spirits Market
- 7.7.2. Mexico Luxury Wines and Spirits Market
7.8. Middle East & Africa Luxury Wines and Spirits Market
- 7.8.1. Saudi Arabia Luxury Wines and Spirits Market
- 7.8.2. South Africa Luxury Wines and Spirits Market
- 7.8.3. Rest of Middle East & Africa Luxury Wines and Spirits Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Diageo plc.
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. HITEJINRO Co., Ltd.
- 8.3.3. Suntory Holdings Limited
- 8.3.4. Davide Campari-Milano N.V.
- 8.3.5. Brown-Forman Corporation
- 8.3.6. Pernod Ricard
- 8.3.7. LVMH
- 8.3.8. Thai Beverage Pubilc Company Limited
- 8.3.9. Bayadera Group
- 8.3.10. Bacardi Limited

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Luxury Wines and Spirits Market, report scope
TABLE 2. Global Luxury Wines and Spirits Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Luxury Wines and Spirits Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Luxury Wines and Spirits Market estimates & forecasts by Distribution Channel 2020-2030 (USD Billion)
TABLE 5. Global Luxury Wines and Spirits Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Luxury Wines and Spirits Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Luxury Wines and Spirits Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Luxury Wines and Spirits Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Luxury Wines and Spirits Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Luxury Wines and Spirits Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Luxury Wines and Spirits Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Luxury Wines and Spirits Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Luxury Wines and Spirits Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Luxury Wines and Spirits Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Luxury Wines and Spirits Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Luxury Wines and Spirits Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Luxury Wines and Spirits Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Luxury Wines and Spirits Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Luxury Wines and Spirits Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Luxury Wines and Spirits Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Luxury Wines and Spirits Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Luxury Wines and Spirits Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Luxury Wines and Spirits Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Luxury Wines and Spirits Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Luxury Wines and Spirits Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Luxury Wines and Spirits Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Luxury Wines and Spirits Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Luxury Wines and Spirits Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Luxury Wines and Spirits Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Luxury Wines and Spirits Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Luxury Wines and Spirits Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Luxury Wines and Spirits Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Luxury Wines and Spirits Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Luxury Wines and Spirits Market
TABLE 70. List of primary sources, used in the study of global Luxury Wines and Spirits Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Luxury Wines and Spirits Market, research methodology
FIG 2. Global Luxury Wines and Spirits Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Luxury Wines and Spirits Market, key trends 2022
FIG 5. Global Luxury Wines and Spirits Market, growth prospects 2023-2030
FIG 6. Global Luxury Wines and Spirits Market, porters 5 force model
FIG 7. Global Luxury Wines and Spirits Market, pest analysis
FIG 8. Global Luxury Wines and Spirits Market, value chain analysis
FIG 9. Global Luxury Wines and Spirits Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Luxury Wines and Spirits Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Luxury Wines and Spirits Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Luxury Wines and Spirits Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Luxury Wines and Spirits Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Luxury Wines and Spirits Market, regional snapshot 2020 & 2030
FIG 15. North America Luxury Wines and Spirits Market 2020 & 2030 (USD Billion)
FIG 16. Europe Luxury Wines and Spirits Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Luxury Wines and Spirits Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Luxury Wines and Spirits Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Luxury Wines and Spirits Market 2020 & 2030 (USD Billion)