The Asia Pacific Luxury Wines and Spirits Market would witness market growth of 6.8% CAGR during the forecast period (2023-2029).
The market for luxury wines and spirits is expanding due to rising premium product usage, rising use of cutting-edge technologies to enhance fermentation, and rising alcohol addiction among consumers. For instance, alcohol is consumed regularly and at certain festivals in Western society. In addition, according to studies, most people used to drink on the weekends and after work hours as a coping mechanism for stress and worry.
Due to its deliciousness and refreshing qualities, the business is conjuring up bucolic scenes for consumers everywhere and growing immensely in the marketplace. Due to the lowered trade obstacles and tariffs, the beverage has developed into a significant commodity and is becoming more well-liked abroad. In addition, the rise of low alcohol-by-volume (ABV) drinks for the working population and an expanding tendency of people to socialize while drinking are significantly accelerating the market's expansion.
There are health advantages to moderate wine drinking. The health of the cardiovascular system is improved by it. A nutritious diet, regular exercise, and wine consumption are becoming more popular. This trend is notably expanding among the world's burgeoning middle-class populations. The rapidly growing wine culture is driving premium wine demand. It is projected that the premiumization of wine will substantially impact market growth.
In Asia-Pacific, there is a sharp rise in the demand for upscale alcoholic beverages. In the region, there is a substantial millennial customer base. This fosters the market for premium alcoholic beverages by encouraging significant businesses to increase their clientele and geographic reach. Alcoholic beverages containing hints of fruits, chocolates, and soy are produced to meet the demands of Asian consumers who prefer diversity in their luxury alcoholic beverages. Due to the region's rising booze consumption and the growing impact of Western culture and dietary norms in the region, it is anticipated that the market for luxury wines and spirits will grow dramatically over the coming years.
The China market dominated the Asia Pacific Luxury Wines and Spirits Market by Country in 2022; thereby, achieving a market value of $27,106.6 Million by 2029. The Japan market is experiencing a CAGR of 6.2% during (2023 - 2029). Additionally, The India market would register a CAGR of 7.5% during (2023 - 2029).
Based on Type, the market is segmented into Wines/Champagnes, and Spirits. Based on Distribution Channel, the market is segmented into Retail, Wholesale, E-commerce, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Luxury Wines and Spirits Market is Projected to reach USD 349.6 Billion by 2029, at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Diageo plc, Thai Beverage Public Company Limited, Davide Campari-Milano N.V. (Campari Group), LVMH SE, Suntory Holdings Limited, Brown-Forman Corporation, Hitejinro Co., Ltd., Pernod Ricard S.A., Bacardi Limited, Bayadera Group
Scope of the Study
Market Segments Covered in the Report:
By Type
By Distribution Channel
- Retail
- Wholesale
- E-commerce
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Diageo plc
- Thai Beverage Public Company Limited
- Davide Campari-Milano N.V. (Campari Group)
- LVMH SE
- Suntory Holdings Limited
- Brown-Forman Corporation
- Hitejinro Co., Ltd.
- Pernod Ricard S.A.
- Bacardi Limited
- Bayadera Group
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Luxury Wines and Spirits Market, by Type
1.4.2 Asia Pacific Luxury Wines and Spirits Market, by Distribution Channel
1.4.3 Asia Pacific Luxury Wines and Spirits Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Luxury Wines and Spirits Market
Chapter 4. Asia Pacific Luxury Wines and Spirits Market by Type
4.1 Asia Pacific Wines/Champagnes Market by Country
4.2 Asia Pacific Spirits Market by Country
Chapter 5. Asia Pacific Luxury Wines and Spirits Market by Distribution Channel
5.1 Asia Pacific Retail Market by Country
5.2 Asia Pacific Wholesale Market by Country
5.3 Asia Pacific E-commerce Market by Country
5.4 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Luxury Wines and Spirits Market by Country
6.1 China Luxury Wines and Spirits Market
6.1.1 China Luxury Wines and Spirits Market by Type
6.1.2 China Luxury Wines and Spirits Market by Distribution Channel
6.2 Japan Luxury Wines and Spirits Market
6.2.1 Japan Luxury Wines and Spirits Market by Type
6.2.2 Japan Luxury Wines and Spirits Market by Distribution Channel
6.3 India Luxury Wines and Spirits Market
6.3.1 India Luxury Wines and Spirits Market by Type
6.3.2 India Luxury Wines and Spirits Market by Distribution Channel
6.4 South Korea Luxury Wines and Spirits Market
6.4.1 South Korea Luxury Wines and Spirits Market by Type
6.4.2 South Korea Luxury Wines and Spirits Market by Distribution Channel
6.5 Singapore Luxury Wines and Spirits Market
6.5.1 Singapore Luxury Wines and Spirits Market by Type
6.5.2 Singapore Luxury Wines and Spirits Market by Distribution Channel
6.6 Malaysia Luxury Wines and Spirits Market
6.6.1 Malaysia Luxury Wines and Spirits Market by Type
6.6.2 Malaysia Luxury Wines and Spirits Market by Distribution Channel
6.7 Rest of Asia Pacific Luxury Wines and Spirits Market
6.7.1 Rest of Asia Pacific Luxury Wines and Spirits Market by Type
6.7.2 Rest of Asia Pacific Luxury Wines and Spirits Market by Distribution Channel
Chapter 7. Company Profiles
7.1 Diageo plc
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Acquisition and Mergers:
7.2 Thai Beverage Public Company Limited
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.3 Davide Campari-Milano N.V. (Campari Group)
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Innovation Expenses
7.4 LVMH SE
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Partnerships, Collaborations, and Agreements:
7.4.4.2 Acquisition and Mergers:
7.5 Suntory Holdings Limited
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Product Launches and Product Expansions:
7.6 Brown-Forman Corporation
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Recent strategies and developments:
7.6.4.1 Acquisition and Mergers:
7.7 Hitejinro Co., Ltd.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.8 Pernod Ricard S.A.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Recent strategies and developments:
7.8.3.1 Partnerships, Collaborations, and Agreements:
7.8.3.2 Acquisition and Mergers:
7.9 Bacardi Limited
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Acquisition and Mergers:
7.10. Bayadera Group
7.10.1 Company Overview
TABLE 1 Asia Pacific Luxury Wines and Spirits Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Luxury Wines and Spirits Market, 2023 - 2029, USD Million
TABLE 3 Asia Pacific Luxury Wines and Spirits Market by Type, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Luxury Wines and Spirits Market by Type, 2023 - 2029, USD Million
TABLE 5 Asia Pacific Wines/Champagnes Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Wines/Champagnes Market by Country, 2023 - 2029, USD Million
TABLE 7 Asia Pacific Spirits Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Spirits Market by Country, 2023 - 2029, USD Million
TABLE 9 Asia Pacific Luxury Wines and Spirits Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Luxury Wines and Spirits Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 11 Asia Pacific Retail Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Retail Market by Country, 2023 - 2029, USD Million
TABLE 13 Asia Pacific Wholesale Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Wholesale Market by Country, 2023 - 2029, USD Million
TABLE 15 Asia Pacific E-commerce Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific E-commerce Market by Country, 2023 - 2029, USD Million
TABLE 17 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Others Market by Country, 2023 - 2029, USD Million
TABLE 19 Asia Pacific Luxury Wines and Spirits Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Luxury Wines and Spirits Market by Country, 2023 - 2029, USD Million
TABLE 21 China Luxury Wines and Spirits Market, 2019 - 2022, USD Million
TABLE 22 China Luxury Wines and Spirits Market, 2023 - 2029, USD Million
TABLE 23 China Luxury Wines and Spirits Market by Type, 2019 - 2022, USD Million
TABLE 24 China Luxury Wines and Spirits Market by Type, 2023 - 2029, USD Million
TABLE 25 China Luxury Wines and Spirits Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 26 China Luxury Wines and Spirits Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 27 Japan Luxury Wines and Spirits Market, 2019 - 2022, USD Million
TABLE 28 Japan Luxury Wines and Spirits Market, 2023 - 2029, USD Million
TABLE 29 Japan Luxury Wines and Spirits Market by Type, 2019 - 2022, USD Million
TABLE 30 Japan Luxury Wines and Spirits Market by Type, 2023 - 2029, USD Million
TABLE 31 Japan Luxury Wines and Spirits Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 32 Japan Luxury Wines and Spirits Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 33 India Luxury Wines and Spirits Market, 2019 - 2022, USD Million
TABLE 34 India Luxury Wines and Spirits Market, 2023 - 2029, USD Million
TABLE 35 India Luxury Wines and Spirits Market by Type, 2019 - 2022, USD Million
TABLE 36 India Luxury Wines and Spirits Market by Type, 2023 - 2029, USD Million
TABLE 37 India Luxury Wines and Spirits Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 38 India Luxury Wines and Spirits Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 39 South Korea Luxury Wines and Spirits Market, 2019 - 2022, USD Million
TABLE 40 South Korea Luxury Wines and Spirits Market, 2023 - 2029, USD Million
TABLE 41 South Korea Luxury Wines and Spirits Market by Type, 2019 - 2022, USD Million
TABLE 42 South Korea Luxury Wines and Spirits Market by Type, 2023 - 2029, USD Million
TABLE 43 South Korea Luxury Wines and Spirits Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 44 South Korea Luxury Wines and Spirits Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 45 Singapore Luxury Wines and Spirits Market, 2019 - 2022, USD Million
TABLE 46 Singapore Luxury Wines and Spirits Market, 2023 - 2029, USD Million
TABLE 47 Singapore Luxury Wines and Spirits Market by Type, 2019 - 2022, USD Million
TABLE 48 Singapore Luxury Wines and Spirits Market by Type, 2023 - 2029, USD Million
TABLE 49 Singapore Luxury Wines and Spirits Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 50 Singapore Luxury Wines and Spirits Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 51 Malaysia Luxury Wines and Spirits Market, 2019 - 2022, USD Million
TABLE 52 Malaysia Luxury Wines and Spirits Market, 2023 - 2029, USD Million
TABLE 53 Malaysia Luxury Wines and Spirits Market by Type, 2019 - 2022, USD Million
TABLE 54 Malaysia Luxury Wines and Spirits Market by Type, 2023 - 2029, USD Million
TABLE 55 Malaysia Luxury Wines and Spirits Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 56 Malaysia Luxury Wines and Spirits Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 57 Rest of Asia Pacific Luxury Wines and Spirits Market, 2019 - 2022, USD Million
TABLE 58 Rest of Asia Pacific Luxury Wines and Spirits Market, 2023 - 2029, USD Million
TABLE 59 Rest of Asia Pacific Luxury Wines and Spirits Market by Type, 2019 - 2022, USD Million
TABLE 60 Rest of Asia Pacific Luxury Wines and Spirits Market by Type, 2023 - 2029, USD Million
TABLE 61 Rest of Asia Pacific Luxury Wines and Spirits Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 62 Rest of Asia Pacific Luxury Wines and Spirits Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 63 Key Information – Diageo plc
TABLE 64 Key Information – Thai Beverage Pubilc Company Limited
TABLE 65 Key Information – Davide Campari-Milano N.V.
TABLE 66 key Information – LVMH SE
TABLE 67 Key Information – Suntory Holdings Limited
TABLE 68 Key Information – Brown-Forman Corporation
TABLE 69 Key Information – Hitejinro Co., Ltd.
TABLE 70 Key Information – Pernod Ricard S.A.
TABLE 71 Key Information – Bacardi Limited
TABLE 72 Key Information – Bayadera Group
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: LVMH SE
FIG 3 Recent strategies and developments: Pernod Ricard