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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