PROSPECTS AND OPPORTUNITIES
Growth set to continue, despite permacrisis
The forecast period is expected to herald the continued positive growth trajectory of fine wines/champagne and spirits. Top-line volumes seem poised for growth, while retail value growth is set to outpace inflation in nearly every category through to 2029.
The uncertain prospect of third spaces will incentivise at-home opportunities
While luxury goods will still be relevant for those seeking real-world experiences, those with aspirations that exceed their assets will find compromises that still conjure a wealthy image. More common social on-trade occasions, such as brunch, or the occasional bar hangout, are still reeling from post-inflationary shock.
No/low alcohol wine and spirits still an untapped opportunity
As US Millennials grow their spending power in the coming years, their general interest in reducing alcohol consumption will not be at the expense of premium beverages. Interest in premium bottled water, carbonates, and soft drinks that align with wellness trends have yielded price points that would have been baulked at pre-pandemic.
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Overview:
Understand the latest market trends and future growth opportunities for the Fine Wines/Champagne and Spirits industry in USA 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 USA, 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 USA 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 USA?
- Which are the leading brands in Fine Wines/Champagne and Spirits in USA?
- How are products distributed in Fine Wines/Champagne and Spirits in USA?
- How important is tourism in evaluating demand for Fine Wines/Champagne and Spirits in USA?
- 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 the US - Category analysis
KEY DATA FINDINGS
Ebbing inflation and rising incomes adjust the course of fine wines/champagne and spirits
Less but better trend tenuously sustains premiumisation
Celebrity luxury approaches tipping point
Growth set to continue, despite permacrisis
The uncertain prospect of third spaces will incentivise at-home opportunities
No/low alcohol wine and spirits still an untapped opportunity
Luxury Goods in the US - 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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