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Fine Wines/Champagne and Spirits in South Africa

Publisher Euromonitor International
Published Oct 30, 2024
Length 20 Pages
SKU # EP19303379

Description

Fine Wines/Champagne and Spirits in South Africa


Fine wines/champagne and spirits has continued to record double-digit growth in current value terms in South Africa in 2024. This strong growth has been largely driven by the increase in unit prices which was a result of elevated inflation and rising production costs. Moreover, taxes were also increased on alcoholic drinks in 2024. However, the luxury segment is generally more resilient to inflationary pressures and therefore despite the significant price increases seen fine wines/champagne and...

Euromonitor International's Fine Wines/Champagne and Spirits in South Africa 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

20 Pages
Fine Wines/Champagne and Spirits in South Africa
Euromonitor International
October 2024
List Of Contents And Tables
FINE WINES/CHAMPAGNE AND SPIRITS IN SOUTH AFRICA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Price inflation fuels value growth in 2024 as players launch new products and marketing campaigns to attract consumers
Local craft distilleries focus on their South African heritage and use of local ingredients to win over consumers
NoLo trend making headway but luxury producers yet to make significant inroads in this area
PROSPECTS AND OPPORTUNITIES
The audience for fine wines/champagne and spirits is set to grow as more consumers look for small indulgences
Changing drinking habits expected to benefit sales
Sustainability concerns likely to influence new product development and marketing
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 SOUTH AFRICA
EXECUTIVE SUMMARY
Luxury goods in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
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

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