Retail sales of fine wines/champagne and spirits look set to rise at a current value CAGR of 9% (2024 constant value CAGR of 6%) over 2024-2029 to amount to HKD1.8 billion.
Fine wines is expected to see retail sales increase at a current value CAGR of 11% (2024 constant value CAGR of 8%) over 2024-2029 to amount to HKD1.2 billion, retaining its position as the largest subcategory within fine wines/champagne and spirits.
A key challenge for luxury spirits brands in the forecast period will be how to respond to the further development of the cocktail trend. The popularity of cocktail bars is proving to be a key driving factor in the overall spirits market in Hong Kong, supporting increasing interest in spirits such as gin, vodka and whiskies.
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Understand the latest market trends and future growth opportunities for the Fine Wines/Champagne and Spirits industry in Hong Kong, China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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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