Fine Wines/Champagne and Spirits in Singapore
Retail value sales of fine wines/champagne and spirits grew by 3% to reach SGD102 million in 2024. While this result is positive, it is a drop from the double-digit growth performance seen the prev... もっと見る
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SummaryRetail value sales of fine wines/champagne and spirits grew by 3% to reach SGD102 million in 2024. While this result is positive, it is a drop from the double-digit growth performance seen the previous year, when consumers were socialising and purchases related to pent-up demand following the elimination of COVID-19 restrictions. Furthermore, the boost of celebrations, such as birthdays and weddings in Singapore, rescheduled to take place following the lifting of COVID-19 restrictions, supported...Euromonitor International's Fine Wines/Champagne and Spirits in Singapore report offers a comprehensive guide to the size and shape of the Fine Wines/Champagne and Spirits market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Fine Wines/Champagne and Spirits retailing along with the development of consumers’ shopping patterns. Forecasts to 2028 illustrate how the market is set to change Product coverage: Fine Wines, Luxury Spirits. Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data. Why buy this report? * Get a detailed picture of the Fine Wines/Champagne and Spirits market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop. Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning. Table of ContentsFine Wines/Champagne and Spirits in SingaporeEuromonitor International October 2024 List Of Contents And Tables FINE WINES/CHAMPAGNE AND SPIRITS IN SINGAPORE KEY DATA FINDINGS 2024 DEVELOPMENTS Fine wines drives overall growth, supported by notable events and gatherings Moët Hennessy Diageo Singapore retains its lead through well-established brands Limited-edition products and immersive experiences engage wealthier consumers PROSPECTS AND OPPORTUNITIES Positive retail value growth as many consumers favour a quality-over-quantity approach Fine wine is set to led retail growth as consumers' product knowledge rises Flavour exploration set to boost sales of premium spirits over the forecast period CATEGORY DATA Table 1 Sales of Fine Wines/Champagne and Spirits by Category: Value 2019-2024 Table 2 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2019-2024 Table 3 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2019-2023 Table 4 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2020-2023 Table 5 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2019-2024 Table 6 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2024-2029 Table 7 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2024-2029 LUXURY GOODS IN SINGAPORE EXECUTIVE SUMMARY Luxury goods in 2024: The big picture 2024 key trends Competitive landscape Retailing developments What next for luxury goods? MARKET DATA Table 8 Sales of Luxury Goods by Category: Value 2019-2024 Table 9 Sales of Luxury Goods by Category: % Value Growth 2019-2024 Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2019-2024 Table 11 NBO Company Shares of Luxury Goods: % Value 2019-2023 Table 12 LBN Brand Shares of Luxury Goods: % Value 2020-2023 Table 13 Distribution of Luxury Goods by Format and Category: % Value 2024 Table 14 Forecast Sales of Luxury Goods by Category: Value 2024-2029 Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2024-2029 DISCLAIMER SOURCES Summary 1 Research Sources
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