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Latin America Luxury Wines and Spirits Market by type (wines / champagne and spirits), by distribution channel (wholesale, retail, e-commerce and others), and country, Market Share, Forecast Data, In-Depth Analysis, And Detailed Overview, and Forecast, 2022 to 2027

Published: March, 2023
ID: 11693
Pages: 120
Formats: report pdf report excel report power bi report ppt

Latin America Luxury Wines and Spirits Market Analysis:

Latin America Luxury Wines and Spirits Market is expected at USD xx.xx million in 2021 and is anticipated to extent an over of USD xx.xx million by the end of the assessment period. The Latin America Luxury Wines and Spirits Market is estimated to experience reasonable growth to record a CAGR of xx.xx% throughout the estimate period (2022 - 2027).

Luxury wines and spirits are a premium consumer goods market that focuses on quality rather than price-oriented consumers. The products offered in this market are high quality fermented wines and distilled spirits such as rum, vodka and brandy. In general, they are distinguished by their alcohol content by volume (ABV), which usually ranges between 3 and 40% in these products. Its consumption is usually associated with events of great importance in the life of the consumer, for example, celebrations, birthdays, parties, gatherings and personal moments. Currently, the products offered in this market are wines extracted from different fruit juices, for example grape, apple and pomegranate. Products that contain spirits include distilled beverages such as vodka, whiskey, and tequila. Also, with the growing popularity of innovative drinks like cocktails, there are many combinations of liquors and juices.

Recent Developments 

As part of its continued evolution toward premium brands, Napa-based Delicato Family Wines is completing the consolidation of V2 Wine Group, a sales and marketing organization for family-owned luxury brands. Delicato had invested in V2 in early 2017 and moved the organization to Delicato's South Napa offices from Sonoma in May 2018, under the leadership of V2 founders Dan and Katy Leese. Then, in January of this year, Delicato announced the creation of a premium division, called Transcendent Wines. Prior to starting V2 in 2010, Dan Leese held management positions at liquor distributor Brown-Forman and Beringer Blass Wine Estates, which later became part of Treasury Wine Estates.

Vintage Wine Estates Inc. has found the perfect match: a blank check company that will launch the privately-funded winemaker into the public market. Bespoke Capital Acquisition Corp., a special-purpose acquisition company, plans to merge with Vintage Wine Estates in a deal that will give the merged company an enterprise value of around $ 690 million, according to reports from Bespoke and Vintage executives.

York Winery, a Nashik-based family business, will soon merge with Sula Vineyards and become a 100% subsidiary of Sula. Rajeev Samant, founding CEO of Sula Vineyards, said the merger was a triple win for wine consumers, York and Sula. “Small wineries are having a hard time getting distribution and the pandemic has been a great blow.

Luxury giant LVMH is reportedly in talks with the revered Brunello Castello Banfi estate in Montalcino about a possible acquisition of the company. If that happened, it wouldn't be the first high-profile acquisition of a Brunello property by a French beverage giant. In 2017, EPI, owner of the Charles and Piper-Heidsieck champagne brands, acquired a majority stake in Biondi-Santi. If LVMH bought Banfi, it would further reinforce the importance of Montalcino and Brunello on the world stage. With its close ties to the United States and its continued success in the North American market, Banfi's appeal to LVMH is clear.

Duckhorn Wine Co., owner of Sebastopol's Kosta Browne and Mendocino County Goldeneye wineries, filed documents Wednesday with the Securities and Exchange Commission for an initial public offering of $ 100 million in shares. The Santa Elena-based company, which produces luxury wines that are sold in all 50 states, is part of the privately held TSG Consumer Partners group and will use "NAPA" as a ticker symbol when the shares begin trading on the stock exchange. New York securities. . It will be listed on the stock exchange under its official name Duckhorn Portfolio Inc.

Market Drivers and Restraints:

The Latin America Luxury Wines and Spirits Market is generally driven by consumer satisfaction and product quality. The increase in disposable income has further increased the consumption of these products as they are considered status symbols. However, strict government policies and regulations limit its sales and distribution in some countries. The selective distribution of these products further limits the availability of these products to consumers. Opportunities such as providing quality products to large masses at comparatively lower prices can help drive the growth of this market. Furthermore, expanding distribution channels to provide these products to larger masses may offer a potential increase in the number of consumers in the coming years.

Market Segmentation

The luxury wine and spirits market is segmented by type, distribution channel and region. By type, it is classified into wines / champagne and spirits. By distribution channel, it is divided into wholesale, retail, e-commerce and others.

Impact of covid-19 on Latin America Luxury Wines and Spirits Market

The COVID-19 epidemic and, in particular, the lockdown imposed brutal impact on the luxury wine and spirits industry, with the temporary closure of several manufacturing facilities and weakening demand for luxury beverages by part of consumers. The luxury spirits market has witnessed the devastating effects of the SARS-CoV-2 pandemic and, as a result, players are now more focused on strengthening their supply chains and accelerating their operations to expand a wider range of products, again to get attention. Furthermore, with the blockade lifted in all countries and the new coronavirus apparently under control, the demand for luxury wines and spirits has accelerated, leading to market growth.

Regional Analysis

The market for Latin America Luxury Wines and Spirits has been categorized on the basis of geography to offer a clear understanding of the market. The Latin America Luxury Wines and Spirits Market has been divided into Mexico, Brazil, Peru, Chile, and the rest of the Latin America. Latin American countries offer many expansion opportunities to the main players. Increased wine production, advances in product flavor, increased spending on luxury wines and the dizzying number of vineyards around the world are the key factors driving the growth of the Latin America Luxury Wines and Spirits Market.

Leading Company

Edrington Group had the largest share of the Latin America Luxury Wines and Spirits Market in terms of sales revenue in 2021.

Key Players

The Latin America Luxury Wines and Spirits Market is concentrated with well-established players. Key players in the Latin America Luxury Wines and Spirits Market include Bayadera Group, Edrington Group, Pernod Ricard, Campari, ThaiBev, United Spirits, Bacardi, Diageo, and Brown Forman.

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