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.
Free Valuable Insights: The Worldwide Luxury Wines and Spirits Market is Projected to reach USD 349.6 Billion by 2029, at a CAGR of 6.3%
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
By Distribution Channel
- Retail
- Wholesale
- E-commerce
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- 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
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
TABLE 1 Europe Luxury Wines and Spirits Market, 2019 - 2022, USD Million
TABLE 2 Europe Luxury Wines and Spirits Market, 2023 - 2029, USD Million
TABLE 3 Europe Luxury Wines and Spirits Market by Type, 2019 - 2022, USD Million
TABLE 4 Europe Luxury Wines and Spirits Market by Type, 2023 - 2029, USD Million
TABLE 5 Europe Wines/Champagnes Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe Wines/Champagnes Market by Country, 2023 - 2029, USD Million
TABLE 7 Europe Spirits Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe Spirits Market by Country, 2023 - 2029, USD Million
TABLE 9 Europe Luxury Wines and Spirits Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 10 Europe Luxury Wines and Spirits Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 11 Europe Retail Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Retail Market by Country, 2023 - 2029, USD Million
TABLE 13 Europe Wholesale Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Wholesale Market by Country, 2023 - 2029, USD Million
TABLE 15 Europe E-commerce Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe E-commerce Market by Country, 2023 - 2029, USD Million
TABLE 17 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Others Market by Country, 2023 - 2029, USD Million
TABLE 19 Europe Luxury Wines and Spirits Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe Luxury Wines and Spirits Market by Country, 2023 - 2029, USD Million
TABLE 21 Germany Luxury Wines and Spirits Market, 2019 - 2022, USD Million
TABLE 22 Germany Luxury Wines and Spirits Market, 2023 - 2029, USD Million
TABLE 23 Germany Luxury Wines and Spirits Market by Type, 2019 - 2022, USD Million
TABLE 24 Germany Luxury Wines and Spirits Market by Type, 2023 - 2029, USD Million
TABLE 25 Germany Luxury Wines and Spirits Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 26 Germany Luxury Wines and Spirits Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 27 UK Luxury Wines and Spirits Market, 2019 - 2022, USD Million
TABLE 28 UK Luxury Wines and Spirits Market, 2023 - 2029, USD Million
TABLE 29 UK Luxury Wines and Spirits Market by Type, 2019 - 2022, USD Million
TABLE 30 UK Luxury Wines and Spirits Market by Type, 2023 - 2029, USD Million
TABLE 31 UK Luxury Wines and Spirits Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 32 UK Luxury Wines and Spirits Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 33 France Luxury Wines and Spirits Market, 2019 - 2022, USD Million
TABLE 34 France Luxury Wines and Spirits Market, 2023 - 2029, USD Million
TABLE 35 France Luxury Wines and Spirits Market by Type, 2019 - 2022, USD Million
TABLE 36 France Luxury Wines and Spirits Market by Type, 2023 - 2029, USD Million
TABLE 37 France Luxury Wines and Spirits Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 38 France Luxury Wines and Spirits Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 39 Russia Luxury Wines and Spirits Market, 2019 - 2022, USD Million
TABLE 40 Russia Luxury Wines and Spirits Market, 2023 - 2029, USD Million
TABLE 41 Russia Luxury Wines and Spirits Market by Type, 2019 - 2022, USD Million
TABLE 42 Russia Luxury Wines and Spirits Market by Type, 2023 - 2029, USD Million
TABLE 43 Russia Luxury Wines and Spirits Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 44 Russia Luxury Wines and Spirits Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 45 Spain Luxury Wines and Spirits Market, 2019 - 2022, USD Million
TABLE 46 Spain Luxury Wines and Spirits Market, 2023 - 2029, USD Million
TABLE 47 Spain Luxury Wines and Spirits Market by Type, 2019 - 2022, USD Million
TABLE 48 Spain Luxury Wines and Spirits Market by Type, 2023 - 2029, USD Million
TABLE 49 Spain Luxury Wines and Spirits Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 50 Spain Luxury Wines and Spirits Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 51 Italy Luxury Wines and Spirits Market, 2019 - 2022, USD Million
TABLE 52 Italy Luxury Wines and Spirits Market, 2023 - 2029, USD Million
TABLE 53 Italy Luxury Wines and Spirits Market by Type, 2019 - 2022, USD Million
TABLE 54 Italy Luxury Wines and Spirits Market by Type, 2023 - 2029, USD Million
TABLE 55 Italy Luxury Wines and Spirits Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 56 Italy Luxury Wines and Spirits Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 57 Rest of Europe Luxury Wines and Spirits Market, 2019 - 2022, USD Million
TABLE 58 Rest of Europe Luxury Wines and Spirits Market, 2023 - 2029, USD Million
TABLE 59 Rest of Europe Luxury Wines and Spirits Market by Type, 2019 - 2022, USD Million
TABLE 60 Rest of Europe Luxury Wines and Spirits Market by Type, 2023 - 2029, USD Million
TABLE 61 Rest of Europe Luxury Wines and Spirits Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 62 Rest of Europe Luxury Wines and Spirits Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 63 Key Information – Diageo plc
TABLE 64 Key Information – Thai Beverage Pubilc Company Limited
TABLE 65 Key Information – Davide Campari-Milano N.V.
TABLE 66 key Information – LVMH SE
TABLE 67 Key Information – Suntory Holdings Limited
TABLE 68 Key Information – Brown-Forman Corporation
TABLE 69 Key Information – Hitejinro Co., Ltd.
TABLE 70 Key Information – Pernod Ricard S.A.
TABLE 71 Key Information – Bacardi Limited
TABLE 72 Key Information – Bayadera Group
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: LVMH SE
FIG 3 Recent strategies and developments: Pernod Ricard