A younger, wine savvy generation is driving an upmarket shift in wine consumption, but many producers are struggling to reach them, claims a new report.
Consumers worldwide are returning to the fine wine market, whose recent downturn has seen a welcome exodus of many less reputable investment funds, according to one major player.
This year’s Vin de France tasting showed the growing uptake of this category by major producers, as well as an ongoing diversification of top quality styles.
With emerging markets such as Russia and China facing disruption, Rabobank has highlighted a shift in exporters’ focus towards the US.
China, the world’s biggest spirits market, will see its consumption of domestic spirits slow between 2014 and 2018 according to IWSR.
The IWSR has predicted that sparkling wine is to be the “next big thing” in Hong Kong and the future remains positive even after the first year of decline since 2008.
Linking China with a particular wine, especially if it matches a sign from the Chinese zodiac, is increasingly common but Liv-ex questions its long-term impact.
Vinexpo’s CEO has said he stands by his decision to cancel a planned Beijing show, adding there will be no Chinese fair in the near future.
One hundred Bordeaux châteaux are now owned by Chinese investors as interest in the region from China shows no sign of abating.
China became the biggest consumer of red wine in the world in January. Why such enthusiasm for wine?
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