CHINA: China’s Lafite lovers increasingly marginalised - research
Wine Intelligence released its latest report into China's wine consumers earlier this month
China’s community of affluent, Lafite-loving wine drinkers has almost certainly peaked, according to a new report, creating opportunities for exporters to target other consumer groups in the country’s growing wine market.
Wine Intelligence, which published its new China Portraits report earlier this month, has divided the country’s 19m imported wine drinkers into six distinct consumer groups, based on extensive quantitative and qualitative research in six Tier 1 and Tier 2 cities.
The biggest spending group, dubbed 'prestige-seeking Traditionalists', accounts for 22% of Chinese wine consumers but 44% of the spend, typically seeking out top Bordeaux and Burgundy. “This group is likely at its peak, and will decline in importance as the market matures,” says Maria Troein, Wine Intelligence’s country manager for China.
The report argues that the five other Portrait groups can be targeted through a mixture of education and marketing activity tailored to their respective needs, tapping into a perception among many Chinese that wine drinking signifies sophistication and has some health benefits.
- What's coming up in beer in 2017? - Comment
- What's coming up in spirits in 2017? - Comment
- When BRIC markets go horribly wrong
- The just-drinks Analyst - 2017 forecasts
- Interview, Philip Gregan, New Zealand Winegrowers
- A-B InBev acquires Spain's Cervezas La Virgen
- Diageo closes spirits e-commerce portal in UK
- Home entertaining offers drinks opp's - Diageo
- Former Stoli Group CEO joins Perfect Vodka owner
- Diageo mulls United Spirits stake buy - report
- Global vodka insights - market forecasts, product innovation and consumer trends
- The Next Seven Big Beverage Markets
- Global Cognac insights - market forecasts, product innovation and consumer trends
- Global gin insights - market forecasts, product innovation and consumer trends
- Opportunities in Craft Spirits