Retail sales of fine wines/champagne and spirits are expected to increase at a current value CAGR of 6% (2023 constant value CAGR of 4%) over the forecast period to amount to EUR871 million. This performance is supported by alcoholic drinks being typically regarded as an affordable indulgence.
Fine wines is expected to see retail sales increase at a current value CAGR of 9% (2023 constant value CAGR of 7%) over 2023-2028 to total EUR536 million in 2028, making it the most dynamic category. Sales are expected to be boosted as a result of lower- and middle-income consumers shifting more socialising occasions into the home.
Large opportunities exist to develop and grow sales of organic fine wines in Spain. The country is not yet positioned to compete with other winemaking leaders in organic fine wines.
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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.
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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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