PROSPECTS AND OPPORTUNITIES
Heritage, status and collectible editions to support forecast period growth
The outlook for fine wines/champagne and spirits in Singapore is positive over the forecast period, benefiting from evolving consumer preferences as premiumisation continues to drive value growth. The category is expected to record a current value CAGR of 7% (2025 constant value CAGR of 5%), in addition to a 3% retail volume CAGR, reflecting a strong appetite for high-quality, artisanal products.
Mindful drinking set to favour quality over quantity
Over the forecast period, fine wines/champagne and spirits in Singapore will experience solid growth, underpinned by a strategic emphasis on premiumisation and consumer education. Leading brands will respond to the rising popularity of mindful drinking by launching high-quality, lower-alcohol alternatives tailored to health-conscious luxury consumers.
Growing demand for premium drinks to drive off-trade sales growth
The shift towards home consumption of fine wines/champagne and spirits is expected to continue gathering pace in Singapore over the forecast period, driven by evolving consumer preferences and broader market dynamics. While the on-trade channel, including restaurants, bars, and hotels, remains a crucial venue for showcasing the latest innovations in fine wines/champagne and spirits, these products are increasingly making their way into the off-trade channel for at-home consumption.
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Overview:
Understand the latest market trends and future growth opportunities for the Fine Wines/Champagne and Spirits industry in Singapore 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 Singapore, 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 Singapore 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 Singapore?
- Which are the leading brands in Fine Wines/Champagne and Spirits in Singapore?
- How are products distributed in Fine Wines/Champagne and Spirits in Singapore?
- How important is tourism in evaluating demand for Fine Wines/Champagne and Spirits in Singapore?
- 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 Singapore - Category analysis
KEY DATA FINDINGS
Positive performance driven by premiumisation and events to drive up interest
Growing affluent population drives demand for premium experiences
Growing demand for premium drinks drives market expansion online
Heritage, status and collectible editions to support forecast period growth
Mindful drinking set to favour quality over quantity
Growing demand for premium drinks to drive off-trade sales growth
Luxury Goods in Singapore - Industry Overview
Luxury goods in 2025: The big picture
2025 key trends
Competitive landscape
Retail developments
What next for luxury goods?
COUNTRY REPORTS 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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