9 reports

This is primarily due one category, baijiu.

  • Luxury Beverage
  • Whisky
  • China
  • World
  • Demand
  • 4.2 Drivers

Luxury wines and spirits are recognized by these two main symbolic characteristics that must be fulfilled by luxury brands to retain their customers and attract new ones.

  • Luxury Beverage
  • Spirits
  • World
  • Forecast
  • Market Size

The popularity of luxury alcoholic drinks during social celebrations and an ageing population that prefers special and unique experiences with regard to alcoholic drinks are other driving factors.

  • Luxury Beverage
  • Romania
  • Louis Vuitton SA
  • Luxottica Group
  • Moët Hennessy International SAS
  • COMPETITIVE LANDSCAPE
  • Limited Promotions for Fine Wines/champagne and Spirits

Factors that impact demand among expats when it comes to specific luxury drinks include drinking habits in their home countries, elite events and openness to trying different luxury brands that highlight their status.

  • Champagne
  • Luxury Beverage
  • Luxury Goods
  • United Arab Emirates
  • Demand
  • Promotion of Premium/luxury Brands To Nouveau Riche Black Consumers

For absolute luxury brands, usually a personal contact is established between producers and retailers on the one hand and end consumers on the other.

  • Luxury Beverage
  • Luxury Goods
  • South Africa
  • Demand
  • Passport 2

Nevertheless, as consumers no longer perceive wine to be a luxury drink but an everyday drink like a beer, fine wines and Champagne should continue to see growth over the forecast period, albeit at a slower rate than was seen over the review period.

  • Luxury Beverage
  • Luxury Goods
  • Singapore
  • Step Towards Development Is Consumer Education

The popularity of luxury alcoholic drinks during social celebrations and an ageing population that prefers special and unique experiences with regard to alcoholic drinks are other driving factors.

  • Luxury Beverage
  • Luxury Goods
  • Romania
  • Demand
  • Passport 2

Over the forecast period fine wine/ champagne, luxury brandy and cognac as well as luxury whiskies are expected to remain the largest categories due to the strong tradition of consuming such drinks.

  • Luxury Beverage
  • Luxury Goods
  • Ukraine
  • Demand

Alcoholic drinks sees the promotion of fashion labels present in other categories such as apparel or beauty and personal care.

  • Luxury Beverage
  • Luxury Goods
  • Netherlands
  • Demand