Data - Page 3

Cognac sales outperform with 30.6% increase in 2021

Sales of Cognac increased in both value and volume in 2021, driven by demand in the US and China, according to industry association BNIC. Newer, dynamic markets like South Africa and Nigeria are boosting growth, while the cocktail culture...

Exclusive Study

Young French consumers & Champagne: what’s the future?

Is Champagne still attracting young consumers in France today? How often, where and why do they drink Champagne and how are alternatives like Prosecco or Cava impacting consumption? A study by scientific organization Mind Insights* reveals...

Covid-19 ushers in a new digital & innovation age for luxury

The 2021 edition of Deloitte’s Global Powers of Luxury Goods report takes stock of the impact of Covid-19 on the world’s luxury market. While sales were hard hit across the board – the top 100 luxury players saw their revenue fall from...

China luxury driven by post-90s & heavy-spending consumers

Mainland China’s luxury market is forecast to grow to RMB630bn ($94.1bn) in 2022, according to the 2021 Tencent x BCG China Digital Luxury Report.A better local shopping environment and changing spending habits are set to drive the 23%-25%...

French luxury study taps consumer perception

France’s hold on the luxury consumer’s mindset is assured for the foreseeable future, says a new report by Ifop-sociovision for French luxury association Comité Colbert. But there are also challenges to address, including changing...

“Full recovery for the fragrance market will be a marathon, not a sprint”

Market analyst Fragrances of the World’s latest data shows global fragrance launches down by 21% in the first nine months of 2021 versus 2020. The prestige segment has seen the biggest downturn, while luxury scents are accelerating their...

More than $7bn wiped off luxury & premium brand value in 2021

The world’s top-50 most valuable luxury and premium brands saw their total value decline by 3% in 2021, according to a new report from Brand Finance. Some 10 Cosmetics and Personal Care brands made the ranking, which is largely dominated...

China’s wealth crackdown: An opportunity for luxury cosmetics?

Could Chinese president Xi Jinping’s vow last month to crack down on super-rich consumers to address wealth disparity in the country spell opportunity for prestige cosmetics brands? Indeed, the emergence of a larger and increasingly...

IWSR points to post-covid premiumization opportunities in wine and spirits

Consumer savings amassed during lockdowns could spell big business for premium wine and spirits brands, according to drinks market analyst IWSR. While scotch whisky and cognac continue to drive the premium-plus market, tequila, mescal and...

Luxury seizes on China’s booming market

With China the first economy to make a swift recovery from the health crisis, luxury brands are increasingly targeting this buoyant market. “Luxury companies have never placed such a focus on China's market as they did in 2020,” says...