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The Daily Wine Paris - Vinexpo Paris - Preview

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I MARKET TRENDS I<br />

© Philippe Labeguerie & Joanna Margan<br />

NOT TO BE MISSED<br />

La Nouvellle Vague - the new wave, in<br />

Hall 3 is an opportunity for the industry's<br />

newbies with less than 5 years experience<br />

to showcase their products and talents.<br />

It will feature 40 young wine makers and<br />

brand creators producing under 50,000<br />

bottles, who are looking to secure their<br />

first distribution networks in France and<br />

abroad.<br />

Over in Hall 4, La <strong>Wine</strong>Tech Perspectives<br />

in partnership with La <strong>Wine</strong> Tech and<br />

Vinocamp, will see 30 start-ups present<br />

their innovative and digital solutions<br />

to the industry. Speakers will also be<br />

invited to take the stage in dynamic and<br />

participatory formats to discuss a wide<br />

range of topics, like how the wine and<br />

spirits industry can respond to new market<br />

challenges.<br />

Also in Hall 4, visitors will be able to chose<br />

from a long list of masterclasses and<br />

tastings, while Hall 5 will host a series of<br />

events dedicated to wines selected by the<br />

World's Best Sommeliers.<br />

Hall 5, dubbed the International Hall,<br />

will showcase products from 31 countries<br />

representing wine regions from across<br />

the world. <strong>The</strong> <strong>Wine</strong> Talks, also in Hall<br />

6, will focus on the major trends facing<br />

the industry today and explore changing<br />

consumer habits, alongside round-table<br />

debates<br />

© Philippe Labeguerie & Joanna Margan<br />

<strong>Wine</strong> and spirits<br />

market at a glance<br />

Spirits have weathered the storm and growth is expected<br />

across the bar, according to IWSR's <strong>Vinexpo</strong>sium Report<br />

2021<br />

Alcoholic beverages have proven they are one of<br />

the most resilient consumer goods in times of crisis,<br />

with the past year being no exception.<br />

A number of pre-Covid trends<br />

gathered pace during 2020,<br />

including modernisation,<br />

e-commerce, convenience,<br />

premiumisation and homepremise.<br />

Agave-based spirits<br />

bounced back, with growth<br />

being driven by the world's<br />

largest Tequila market, the<br />

United States, where volumes<br />

increased 16%, compared to<br />

Mexico where they declined 17%.<br />

Gin also appears to be on the<br />

path to recovery, with Spain and<br />

'boom markets' like Brazil, South<br />

Africa and Russia driving up<br />

demand. Whiskeys from Japan,<br />

India and the United States, are<br />

also expected to grow thanks<br />

to their 'thirsty home markets',<br />

while a return to on-trade and<br />

strong new arrivals will boost<br />

Irish whiskeys. For rum, growth<br />

is expected to come from lowcost<br />

markets like India and the<br />

Philippines, but also premium<br />

ones such as France and Spain,<br />

where it is increasingly seen as<br />

a cocktail ingredient or sipping<br />

spirit. Strong growth in core<br />

markets such as the United<br />

States and China will also drive<br />

Cognac and Armagnac sales<br />

upwards through to 2025. Last<br />

but not least, scotch growth<br />

is expected to come from the<br />

delayed recovery of the Indian<br />

market and a general whisky<br />

boom in Eastern Europe. Appetite<br />

for wine is equally on the rise<br />

in parts of South America like<br />

Brazil where cheaper domestic<br />

products are faring well against<br />

imports. In Colombia too, people<br />

are increasingly consuming wine<br />

at home, whereas before the<br />

pandemic it was largely reserved<br />

for restaurants and special<br />

occasions. <strong>The</strong> same is true in<br />

Singapore and the Philippines<br />

where a growing middle and<br />

upper class is increasingly<br />

buying fine wines, as well as<br />

in Russia where consumers<br />

are turning their backs on<br />

Vodka and other spirits. But<br />

in China, disruption caused<br />

by Covid-19 to social drinking<br />

occasions and large events<br />

has accelerated the decline in<br />

wine consumption seen over the<br />

past few years. In the UK, the<br />

longterm outlook is bright, but<br />

volumes will be adjusted down<br />

in the short term as the ontrade<br />

market recovers. Sparkling<br />

wines have seen growth in<br />

many parts of the world, with<br />

record annual volumes of Astri,<br />

Proseco and Cava in Russia,<br />

where its seasonal nature is<br />

slowly eroding. Thailand and<br />

Canada have also seen bubbles<br />

becoming increasingly popular,<br />

with growth expected to return<br />

as bars and restaurants welcome<br />

back customers. Russia's<br />

champagne boom was a one<br />

off, largely driven by the Covid-19<br />

lockdown and international<br />

travel restrictions, and growth is<br />

expected to slow as conditions<br />

return to normal. Finally, in<br />

Canada, growth is expected to<br />

flat-line as Champagne faces<br />

fierce competition from more<br />

reasonably priced sparkling<br />

wines<br />

12 • THE DAILY • MONDAY 7 TH FEBRUARY 2022<br />

vinexposium-connect.com

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