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The Future of Spirits: Capitalizing on New Opportunities and Preferences

1912.82

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Market

Food and Drink

Report Type

Market Research

Country

Global

Published

24 February 2010

Number of Pages

144

Report Delivery

Email

Delivery Lead Time

-

Publisher

Datamonitor

File Format

-

Introduction

The spirits market has benefited from consumers' shifts away from beer and their trading up tendencies. However, this does not mean that the category has been immune from the economic downturn. Success is increasingly dependent on balancing traditional values that characterize quality with positioning that takes advantage of the category's renewed social currency among newer consumers.

Scope

*Detailed insights and analysis documenting the drivers and inhibitors of the spirits market

*Exclusive occasions, market and consumer survey data and analysis covering each category

*Strategic conclusions combined with actionable recommendations for all industry players looking to fully capitalize on this market

*Countries covered: France, Germany, Italy, the Netherlands, Spain, Sweden, UK, US, Australia, Japan, South Korea, China, India, Brazil, and Russia

Highlights

Alcohol sales growth is suffering from the affects of the global downturn, but longer term trends such as moderation for health or expenditure reasons are well established threats. The shift towards premiumization and a higher value/lower volume consumption pattern is set to continue but has lost momentum and is not forestalling the sales decline

Price and value-for-money are growing as influencing factors in what drinkers consume, where they consume and in what volume. The negative economic backdrop has clearly been a major motivator in this, and has further favored the off-trade over the on-trade.

The spirits category is in relatively good health in the context of the overall alcohol market. Spirits could also have an advantage in some emerging markets where the category is well established compared to beer and wine based on the strength of domestic/traditional spirits products and also an interest in global products such as whiskey.

Reasons to Purchase

*Consumer understanding: obtain a detailed understanding of consumer attitudes and behaviors towards spirits

*Market understanding: identify the key spirits markets and product innovation trends in 15 countries across four territories

*Ideation: find inspiration for innovative formulations and positioning that takes advantage of consumers' desires for premium and health attributes

Speak to an Advisor

Call us on
+44 (0) 203 086 8600

Select License Type

Electronic License

Electronic License

An electronic version (mostly PDF, but can be Excel or PPT), which is either available for immediate download or will be sent via email by the Publisher of the report. The licencing for an electronic version is for use by the purchaser ONLY.

Corporate License

Corporate License

An electronic version (mostly PDF, but can be Excel or PPT). Where the report(s) is/are intended for use by an organisation in its entirety. For example, if reports are put on an Intranet or if they are distributed or used by more than one office, division, or country operation, then a Corporate Licence is required.

£1,912.82

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