PROSPECTS AND OPPORTUNITIES
Positive growth trajectory as the premiumisation trend expands
Current retail value sales of fine wines/champagne and spirits are expected to rise at a current value CAGR of 8% (2024 constant value CAGR of 5%) over the forecast period, reaching a total of RON715 million in 2029. The rising notion of alcoholic drinks being affordable luxuries will support growth as lower-middle-income consumers invest more in premium brands.
Fine wines drive growth as consumers choose sophisticated options for socialising
Fine wines will record the strongest growth moving forward, with a retail current value CAGR of 8% (2024 constant value CAGR of 5%) over the forecast period. The landscape will reach sales of RON542 million in 2029, with the bulk of sales coming from other fine wines.
Local players focus on their premium offerings to gain ground on the landscape
A significant company in the premium wine market in Romania, Vintruvian Estates Group, confirmed the purchase of the Mennini Winery in 2023. This will enable the player to establish a strong positioning in wines across the forecast period while focusing on developing its premium and super-premium wine offerings, especially local varieties.
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Overview:
Understand the latest market trends and future growth opportunities for the Fine Wines/Champagne and Spirits industry in Romania with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Fine Wines/Champagne and Spirits industry in Romania, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Fine Wines/Champagne and Spirits in Romania report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Fine Wines/Champagne and Spirits in Romania?
- Which are the leading brands in Fine Wines/Champagne and Spirits in Romania?
- How are products distributed in Fine Wines/Champagne and Spirits in Romania?
- How important is tourism in evaluating demand for Fine Wines/Champagne and Spirits in Romania?
- How is the rise of e-commerce changing the retail and competitive landscape?
- How has COVID-19 and global recession impacted demand for luxury goods? What are the opportunities amidst the adversity?
- Where is future growth expected to be most dynamic?
Fine Wines/Champagne and Spirits in Romania - Category analysis
KEY DATA FINDINGS
Growth remains positive following a significant uplift in sales during 2023
Luxury whiskies lead growth as household cocktail creation rises in Romania
Pernod Ricard Romania maintains its lead, offering internationally renowned whisky brands
Positive growth trajectory as the premiumisation trend expands
Fine wines drive growth as consumers choose sophisticated options for socialising
Local players focus on their premium offerings to gain ground on the landscape
Luxury Goods in Romania - Industry Overview
Luxury goods in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
DISCLAIMER
The following categories and subcategories are included:
Fine Wines/Champagne and Spirits
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- Fine Champagne
- Other Fine Wine
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- Luxury Brandy and Cognac
- Luxury Whiskies
- Other Luxury Spirits
Fine Wines/Champagne and Spirits
This is the aggregation of fine wines and luxury spirits.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Fine Wines/Champagne and Spirits research and analysis database.
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