This solid sector of global luxury is certainly facing headwinds in the short term from trade wars, particularly the one led by Donald Trump. But in the medium term, it should continue to prosper, according to a study by Bain and Altagamma.
Although subject to headwinds in the short term, the fine wine sector is consolidating its place in the global luxury landscape.
The very first “Fine Wines and Restaurants Market Monitor” report from Bain & Company, produced in collaboration with Altagamma, has just been unveiled. For the launch, the international consultancy firm, which is present in 40 countries, and the association, which brings together over a hundred ultra-high-end Italian brands, chose an ideal moment: Vinitaly, one of the world’s leading wine and spirits exhibitions.
The work presented provides a very interesting overview and outlook on wines and spirits, combining statistical, economic, geographical and sociological data.
Slight decline in 2024
The report already makes it possible to assess the share played by these products in the global luxury economy.
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Read also > Donald Trump announces 20% tariffs on European products
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