Press release
Luxury Wines and Spirits Market forecast up to 2028- involving Key Players: Diageo, Pernod Ricard, Bacardi, Brown-Forman,ThaiBev
estimated to reach $XXX million by 2028 compared to $XX million in 2019,
growing at a CAGR of XX% during the forecast period. The rise in disposable
income in the emerging economies due to rapid industrialization, and increase
in the demand for premium-quality luxury goods also support the market growth..
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Spirits segment dominated the global market in 2019,
whereas the wines segment is projected to register the highest growth during
the forecast period.
Geographically, the market is analyzed across
North America, Europe, Asia-Pacific, and LAMEA. Europe dominated the market in 2019,
and is anticipated to maintain this trend during the forecast period, due to
the consumption of alcoholic beverages at various social gatherings is expected
to provide profitable opportunities for the manufacturers. Moreover, with
growing popularity of sports event such as football and tennis, where audiences
are often seen consuming alcoholic beverages is further expected to grow the
market in the near future.
The luxury wines and spirits market
constitutes of distilled spirits such as vodka, rum, and brandy. Wines include
champagne, red wines, and wines from different fruits. As these goods are
considered as luxury goods, they have the elasticity of demand greater than
one. Thus, their demand increases more than the increase in income of the
consumers. Its market can be segmented based on by type, by distribution
channel, and by geography
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Key Players Included in the Reports-
ThaiBev
Campari
United Spirits
HiteJinro
Beam Suntory Inc.
Edrington Group
Diageo
Pernod Ricard
Bacardi
Brown-Forman
MARKET BENEFITS:
The report provides an in-depth analysis of the
current trends, drivers, and dynamics of the global luxury wines and spirits
market to elucidate the prevailing opportunities and the probable investment
pockets
It provides qualitative trends as well as
quantitative analysis from 2019 to 2028 to assist the stakeholder to understand
the market scenario
In-depth analysis of the key segments
demonstrates the consumption of luxury wines and spirits in different product
type across various regions
Competitive intelligence highlights the business
practices followed by key business players across the geographies as well as
the prevailing market opportunities
Key players are profiled along with the
strategies and developments, which portrays the competitive market outlook
KEY MARKET SEGMENTS:
Global Luxury Wines and Spirits Market is
segmented as:
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BY GEOGRAPHY
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle-East
Africa
BY PRODUCT TYPE
Wines
Spirits
BY DISTRIBUTION CHANNEL
Wholesale
Retail
E-Commerce
In this study, the years considered to estimate
the market size of Luxury Wines & Spirits are:
History
Year: 2014-2018
Base
Year: 2018
Estimated
Year: 2019
Forecast
Year 2019 to 2028
For the data information by region, company,
type and application, 2018 is considered as the base year. Whenever data
information was unavailable for the base year, the prior year has been
considered.
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Western Market Research is a global player, among top market research companies, with niche in intelligent industry analysis, business report, syndicate, comprehensive and secondary research report having in-depth data analysis based on history trends and forecast, segmentation, major players, market size and market share. Our research firm comprises of analysts with insights on market overview providing business consulting services resulting in breakthrough primary and secondary market research reports.
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