Retail sales of fine wines/champagne and spirits are set to rise at a current value CAGR of 6% (2024 constant value CAGR of 3%) over the forecast period to reach BRL1.24billion in 2029.
Given the need to manage their expenses, Brazilians with average incomes are reducing their consumption outside the home. Many consumers are reducing their purchases in some categories in order to save money, but at the same time indulgent consumption appears to be a compensation for such a trend.
Fine wines is projected to record a current value CAGR of 6% (3% CAGR at 2024 constant prices) over the forecast period to reach sales of BRL638 million in 2029, with sales boosted by lower- and middle-income consumers shifting more socialising occasions into the home. The trend should act as an added buffer to retail sales of fine wines as consumers may decide to purchase a more high-end product to drink at home in lieu of the very high prices charged for the same item in the on-trade.
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Fine Wines/Champagne and Spirits
This is the aggregation of fine wines and luxury spirits.
See All of Our DefinitionsThis report originates from Passport, our Fine Wines/Champagne and Spirits research and analysis database.
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