Growth in fine wines/champagne and spirits is set to rebound slightly in the forecast period, with a solid retail current value CAGR expected, and notable increases anticipated across all categories. Fine wines and luxury spirits are typically regarded as an affordable indulgence, which is set to drive growth.
Mimicking what is happening in beer, luxury spirits and fine wines are expected to continue to see the growth of small players and craft products. This has already been happening over 2024, with Brown-Forman launching Jack Daniel’s Bonded Rye in whiskies.
Expenditure by tourists is key in fine wines/champagne and spirits in Spain, with international retail expenditure set to reach a 45% share of overall retail value sales in this category in 2024. In this year, the number of tourist arrivals is also set to be higher than in previous years, as is their expenditure, and this trend is projected to continue in the forecast period.
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Understand the latest market trends and future growth opportunities for the Fine Wines/Champagne and Spirits industry in Spain 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.
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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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