PROSPECTS AND OPPORTUNITIES
Continued growth, but healthy Spaniards may hamper growth
Growth in fine wines/champagne and spirits is set to rebound slightly in the forecast period, with a solid retail current value CAGR expected, and notable increases anticipated across all categories. Fine wines and luxury spirits are typically regarded as an affordable indulgence, which is set to drive growth.
Craft products, limited editions, and organic wines expected to be popular
Mimicking what is happening in beer, luxury spirits and fine wines are expected to continue to see the growth of small players and craft products. This has already been happening over 2024, with Brown-Forman launching Jack Daniel’s Bonded Rye in whiskies.
Tourists important for sales, but arrivals at risk due to local campaigns
Expenditure by tourists is key in fine wines/champagne and spirits in Spain, with international retail expenditure set to reach a 45% share of overall retail value sales in this category in 2024. In this year, the number of tourist arrivals is also set to be higher than in previous years, as is their expenditure, and this trend is projected to continue in the forecast period.
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Overview:
Understand the latest market trends and future growth opportunities for the Fine Wines/Champagne and Spirits industry in Spain 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 Spain, 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 Spain 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 Spain?
- Which are the leading brands in Fine Wines/Champagne and Spirits in Spain?
- How are products distributed in Fine Wines/Champagne and Spirits in Spain?
- How important is tourism in evaluating demand for Fine Wines/Champagne and Spirits in Spain?
- 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 Spain - Category analysis
KEY DATA FINDINGS
Weaker performance as some consumers trade down
Indulgence, experiences, and health are shaping sales
The leaders lose share to smaller craft players
Continued growth, but healthy Spaniards may hamper growth
Craft products, limited editions, and organic wines expected to be popular
Tourists important for sales, but arrivals at risk due to local campaigns
Luxury Goods in Spain - 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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