Europe Luxury Wines and Spirits Market Size, Share & Industry Trends Analysis Report By Type (Wines/Champagnes, and Spirits), By Distribution Channel (Retail, Wholesale, E-commerce, and Others), By Country and Growth Forecast, 2023 - 2029

Europe Luxury Wines and Spirits Market Size, Share & Industry Trends Analysis Report By Type (Wines/Champagnes, and Spirits), By Distribution Channel (Retail, Wholesale, E-commerce, and Others), By Country and Growth Forecast, 2023 - 2029


The Europe Luxury Wines and Spirits Market would witness market growth of 5.8% CAGR during the forecast period (2023-2029).

Luxury wines and spirits are typically regarded as status symbols, and high-net-worth individuals are frequently interested in purchasing distinctive and notable goods. As a result, the demand for luxury wines and spirits is rising, especially for those that are rare or difficult to find. Further, the rising prices of rare and vintage bottles, many wealthy people view luxury wines and spirits as prudent investments. As a result, premium wines and spirits have become more well-liked as alternative asset classes, supporting the luxury industry's growth. In addition, rich people are typically generous gift-givers, and pricey wines and spirits are popular presents for special occasions like anniversaries, weddings, and holidays. As a result, the market for luxury wines and spirits has expanded.

In addition, over the past few years, urbanization has increased quickly. As a result, there is now more money available to each person. The growth of the luxury wine and spirits business is supported by increased disposable income in various ways. As they have more disposable income, people are more likely to spend it on high-end luxury goods like exquisite wines and alcoholic beverages.

European culture has traditionally emphasized wine. The largest producer of wine in the world is in the European Union. One hundred sixty-five million hectolitres were produced annually on average between 2016 and 2020. It was responsible for 64% of production, 48% of consumption, and 45% of wine-growing areas worldwide in 2020. According to exports (7.6% of the value of agricultural products shipped in 2020), wine is the largest agri-food sector in the EU. Companies are launching fresh products in response to altering consumer expectations. Growth of the market is anticipated to be aided by the increased demand and use of alcoholic drinks like wine.

The Germany market dominated the Europe Luxury Wines and Spirits Market by Country in 2022; thereby, achieving a market value of $28,200.5 Million by 2029. The UK market is anticipated to grow at a CAGR of 4.9% during (2023 - 2029). Additionally, The France market would showcase a CAGR of 6.5% during (2023 - 2029).

Based on Type, the market is segmented into Wines/Champagnes, and Spirits. Based on Distribution Channel, the market is segmented into Retail, Wholesale, E-commerce, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Diageo plc, Thai Beverage Public Company Limited, Davide Campari-Milano N.V. (Campari Group), LVMH SE, Suntory Holdings Limited, Brown-Forman Corporation, Hitejinro Co., Ltd., Pernod Ricard S.A., Bacardi Limited, Bayadera Group

Scope of the Study

Market Segments covered in the Report:

By Type

Wines/Champagnes
Spirits
By Distribution Channel

Retail
Wholesale
E-commerce
Others
By Country

Germany
UK
France
Russia
Spain
Italy
Rest of Europe
Companies Profiled

Diageo plc
Thai Beverage Public Company Limited
Davide Campari-Milano N.V. (Campari Group)
LVMH SE
Suntory Holdings Limited
Brown-Forman Corporation
Hitejinro Co., Ltd.
Pernod Ricard S.A.
Bacardi Limited
Bayadera Group
Unique Offerings from KBV Research

Exhaustive coverage
Highest number of market tables and figures
Subscription based model available
Guaranteed best price
Assured post sales research support with 10% customization free


Chapter
1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Luxury Wines and Spirits Market, by Type
1.4.2 Europe Luxury Wines and Spirits Market, by Distribution Channel
1.4.3 Europe Luxury Wines and Spirits Market, by Country
1.5 Methodology for the research
Chapter
2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter
3. Strategies Deployed in Luxury Wines and Spirits Market
Chapter
4. Europe Luxury Wines and Spirits Market by Type
4.1 Europe Wines/Champagnes Market by Country
4.2 Europe Spirits Market by Country
Chapter
5. Europe Luxury Wines and Spirits Market by Distribution Channel
5.1 Europe Retail Market by Country
5.2 Europe Wholesale Market by Country
5.3 Europe E-commerce Market by Country
5.4 Europe Others Market by Country
Chapter
6. Europe Luxury Wines and Spirits Market by Country
6.1 Germany Luxury Wines and Spirits Market
6.1.1 Germany Luxury Wines and Spirits Market by Type
6.1.2 Germany Luxury Wines and Spirits Market by Distribution Channel
6.2 UK Luxury Wines and Spirits Market
6.2.1 UK Luxury Wines and Spirits Market by Type
6.2.2 UK Luxury Wines and Spirits Market by Distribution Channel
6.3 France Luxury Wines and Spirits Market
6.3.1 France Luxury Wines and Spirits Market by Type
6.3.2 France Luxury Wines and Spirits Market by Distribution Channel
6.4 Russia Luxury Wines and Spirits Market
6.4.1 Russia Luxury Wines and Spirits Market by Type
6.4.2 Russia Luxury Wines and Spirits Market by Distribution Channel
6.5 Spain Luxury Wines and Spirits Market
6.5.1 Spain Luxury Wines and Spirits Market by Type
6.5.2 Spain Luxury Wines and Spirits Market by Distribution Channel
6.6 Italy Luxury Wines and Spirits Market
6.6.1 Italy Luxury Wines and Spirits Market by Type
6.6.2 Italy Luxury Wines and Spirits Market by Distribution Channel
6.7 Rest of Europe Luxury Wines and Spirits Market
6.7.1 Rest of Europe Luxury Wines and Spirits Market by Type
6.7.2 Rest of Europe Luxury Wines and Spirits Market by Distribution Channel
Chapter
7. Company Profiles
7.1 Diageo plc
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Acquisition and Mergers:
7.2 Thai Beverage Public Company Limited
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.3 Davide Campari-Milano N.V. (Campari Group)
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Innovation Expenses
7.4 LVMH SE
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Partnerships, Collaborations, and Agreements:
7.4.4.2 Acquisition and Mergers:
7.5 Suntory Holdings Limited
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Product Launches and Product Expansions:
7.6 Brown-Forman Corporation
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Recent strategies and developments:
7.6.4.1 Acquisition and Mergers:
7.7 Hitejinro Co., Ltd.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.8 Pernod Ricard S.A.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Recent strategies and developments:
7.8.3.1 Partnerships, Collaborations, and Agreements:
7.8.3.2 Acquisition and Mergers:
7.9 Bacardi Limited
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Acquisition and Mergers:
7.10. Bayadera Group
7.10.1 Company Overview

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings