Sales of luxury spirits are projected to see stronger growth in value (at constant 2024 prices) and volume terms over the forecast period than sales of fine wines. Gifting and sales to foreign tourists are projected to remain a key source of sales and thus personalised and limited-edition bottles are expected to remain highly significant.
There is an evolving bar scene in Malaysia and the forecast period is likely to see the emergence of more new bars, including those which showcase unique and innovative cocktail mixing. Some of the notable new bars to open towards the end of the review period include Bar Ethanol KL, Qi Bar KL, Mona Lisa KL, Juno and Sarastro KL.
The Ministry of Health’s 2023 National Health and Morbidity Survey (NHMS) found that 45 per cent of alcohol drinkers in Malaysia engaged in binge drinking with these findings raising some concern. Binge drinking is defined as those who consume six or more standard alcoholic drinks in one sitting.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Fine Wines/Champagne and Spirits industry in Malaysia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Fine Wines/Champagne and Spirits industry in Malaysia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!