Fine Wines/Champagne and Spirits in Singapore
Fine wines/champagne and spirits have different value propositions in the city-state. Singapore has a large percentage of expatriates, but this does not necessarily translate into a social drinking culture due to the perceived social ills of alcohol among the largely conservative population. However, it is not uncommon for local consumers to use spirits such as cognac and whiskies as part of their cooking repertoire to give their dishes flavour. It is usually treated similarly to a brine or soup...
Euromonitor International's Fine Wines/Champagne and Spirits in Singapore 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 2026 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.
- Fine Wines/Champagne and Spirits in Singapore
- Euromonitor International
- July 2022
- List Of Contents And Tables
- FINE WINES/CHAMPAGNE AND SPIRITS IN SINGAPORE
- KEY DATA FINDINGS
- 2022 DEVELOPMENTS
- Expectations of personal consumption boom during pandemic are an exaggeration considering existing practices
- Brands seek to bypass distributors and connect directly with consumers via physical retail channels
- Introduction of bespoke membership clubs drives interest in wine appreciation
- PROSPECTS AND OPPORTUNITIES
- Brands seek greater recognition through large-scale marketing campaigns and establishing bricks-and-mortar stores
- Affordable New World wine alternatives likely to drive more regular consumption among locals
- Perceived production scarcity linked to climate change fears may translate to more regular purchasing habits
- CATEGORY DATA
- Table 1 Sales of Fine Wines/Champagne and Spirits by Category: Value 2017-2022
- Table 2 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2017-2022
- Table 3 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2017-2021
- Table 4 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2018-2021
- Table 5 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2017-2022
- Table 6 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2022-2027
- Table 7 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2022-2027
- LUXURY GOODS IN SINGAPORE
- EXECUTIVE SUMMARY
- Luxury goods in 2022: The big picture
- 2022 key trends
- Competitive landscape
- Retailing developments
- What next for luxury goods?
- MARKET DATA
- Table 8 Sales of Luxury Goods by Category: Value 2017-2022
- Table 9 Sales of Luxury Goods by Category: % Value Growth 2017-2022
- Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2017-2022
- Table 11 NBO Company Shares of Luxury Goods: % Value 2017-2021
- Table 12 LBN Brand Shares of Luxury Goods: % Value 2018-2021
- Table 13 Distribution of Luxury Goods by Format and Category: % Value 2022
- Table 14 Forecast Sales of Luxury Goods by Category: Value 2022-2027
- Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2022-2027
- DISCLAIMER
- SOURCES
- Summary 1 Research Sources
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook