While sales have slowed in key markets such as the UK, the contributions from emerging markets in Asia and Latin America mean the bubble hasn’t burst for Italy’s sparkling winemakers just yet.
Exports may have plummeted in leading markets, but champagne is steadily increasing its overall footprint – and finally seeking a more balanced relationship with the environment.
In July, Pernod Ricard achieved what it’s been seeking to do for the better part of five – maybe even 12 – years.
Innovation and sustainability remain twin concerns for closure producers against a more challenging market backdrop.
Geopolitical nuances, macroeconomic uncertainty and a stuttering revival in Asia Pacific are impeding champagne and sparkling wine’s rebound in global travel retail.
Rising prices for champagne and an over-familiarity with prosecco are creating opportunities for sparkling wine from other origins.
Sherry’s long history and the complexities of the segment’s various styles can be both a blessing and a curse when it comes to trying to recruit new consumers.
Stock pressures, geopolitical concerns, economic uncertainty and a lacklustre revival in the Far East may impede champagne & sparkling wine’s rebound in the global travel retail channel.
Against a nationwide trend of declining wine volumes (except for no-alcohol wine), total sparkling wine decreased by 7% in the first eight months of 2024 versus Jan-Aug 2023 in the US. As the holiday season approaches, what can we expect from the category this year?
With the third quarter of 2024 in the rearview mirror this month, Global Drinks Intel considers which listed alcohol brand owners in its results coverage led the pack in the three months to the end of September and which companies have ground to make up before the year is out.
