
Fine Wines/Champagne and Spirits in Australia
Description
Fine Wines/Champagne and Spirits in Australia
Fine wines/champagne and spirits in Australia is registering low but positive retail value growth in 2024, while volumes remain flat, continuing the general trend of “less but better” across alcoholic drinks. This benefits the sale of premium and luxury alcoholic beverages, such as other fine wine and champagne, and spirits such as vodka, whiskies, tequila and cognac. In 2024, luxury whiskies (9% retail value growth), and luxury brandy and cognac (5% retail value growth) are enjoying standout pe...
Euromonitor International's Fine Wines/Champagne and Spirits in Australia report offers a comprehensive guide to the size and shape of the Fine Wines/Champagne and Spirits market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Fine Wines/Champagne and Spirits retailing along with the development of consumers’ shopping patterns. Forecasts to 2028 illustrate how the market is set to change
Product coverage: Fine Wines, Luxury Spirits.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
* Get a detailed picture of the Fine Wines/Champagne and Spirits market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.
Table of Contents
23 Pages
- Fine Wines/Champagne and Spirits in Australia
- Euromonitor International
- November 2024
- List Of Contents And Tables
- FINE WINES/CHAMPAGNE AND SPIRITS IN AUSTRALIA
- KEY DATA FINDINGS
- 2024 DEVELOPMENTS
- Luxury spirits leads the way as value growth is driven by luxury whiskies and vodka
- Premiumisation evident through consumer preference for considered craftsmanship, top-quality ingredients and authentic provenance
- Health-conscious drinking enters mainstream as non/low alcohol gains traction both locally and internationally
- PROSPECTS AND OPPORTUNITIES
- Higher alcohol duty, particularly on spirits, a factor to consider over the forecast period
- Aspirational global collaborations keep luxury spirits refreshed, rejuvenated and accessible to more diverse demographics
- Environmental, social and governance efforts within luxury spirits
- CATEGORY DATA
- Table 1 Sales of Fine Wines/Champagne and Spirits by Category: Value 2019-2024
- Table 2 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2019-2024
- Table 3 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2019-2023
- Table 4 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2020-2023
- Table 5 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2019-2024
- Table 6 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2024-2029
- Table 7 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2024-2029
- LUXURY GOODS IN AUSTRALIA
- EXECUTIVE SUMMARY
- Luxury shoppers become increasingly discerning as economic pressures impact demand
- Surging inflation, high interest rates and increased living expenses are among the economic headwinds impacting luxury goods
- Multinational automotive groups and French luxury conglomerates dominate competitive landscape of luxury goods in Australia
- Successful omnichannel approach to luxury facilitates consumer dialogue in the digital realm, while simultaneously rejuvenating city streets and retail precincts
- Improved outlook for premium and luxury cars, experiential luxury and fine wines/champagne and spirits
- MARKET DATA
- Table 8 Sales of Luxury Goods by Category: Value 2019-2024
- Table 9 Sales of Luxury Goods by Category: % Value Growth 2019-2024
- Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2019-2024
- Table 11 NBO Company Shares of Luxury Goods: % Value 2019-2023
- Table 12 LBN Brand Shares of Luxury Goods: % Value 2020-2023
- Table 13 Distribution of Luxury Goods by Format and Category: % Value 2024
- Table 14 Forecast Sales of Luxury Goods by Category: Value 2024-2029
- Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2024-2029
- DISCLAIMER
- SOURCES
- Summary 1 Research Sources
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.