The Future of Spirits: Capitalizing on New Opportunities and Preferences

Published: February 2010
No. of Pages: 144
  

Introduction

The spirits market has benefited from consumers' shifts away from beer and their trading up tendencies. However, this does not mean that the category has been immune from the economic downturn. Success is increasingly dependent on balancing traditional values that characterize quality with positioning that takes advantage of the category's renewed social currency among newer consumers.

Scope

*Detailed insights and analysis documenting the drivers and inhibitors of the spirits market

*Exclusive occasions, market and consumer survey data and analysis covering each category

*Strategic conclusions combined with actionable recommendations for all industry players looking to fully capitalize on this market

*Countries covered: France, Germany, Italy, the Netherlands, Spain, Sweden, UK, US, Australia, Japan, South Korea, China, India, Brazil, and Russia

Highlights

Alcohol sales growth is suffering from the affects of the global downturn, but longer term trends such as moderation for health or expenditure reasons are well established threats. The shift towards premiumization and a higher value/lower volume consumption pattern is set to continue but has lost momentum and is not forestalling the sales decline

Price and value-for-money are growing as influencing factors in what drinkers consume, where they consume and in what volume. The negative economic backdrop has clearly been a major motivator in this, and has further favored the off-trade over the on-trade.

The spirits category is in relatively good health in the context of the overall alcohol market. Spirits could also have an advantage in some emerging markets where the category is well established compared to beer and wine based on the strength of domestic/traditional spirits products and also an interest in global products such as whiskey.

Reasons to Purchase

*Consumer understanding: obtain a detailed understanding of consumer attitudes and behaviors towards spirits

*Market understanding: identify the key spirits markets and product innovation trends in 15 countries across four territories

*Ideation: find inspiration for innovative formulations and positioning that takes advantage of consumers' desires for premium and health attributes

The Future of Spirits: Capitalizing on New Opportunities and Preferences

OVERVIEW
    Catalyst
    Summary
THE FUTURE DECODED
INTRODUCTION: Spirits is a major component of the overall alcoholic drinks market
    TREND: The overall alcoholic beverage market is defined by its maturity and the moderate consumption behaviors of consumers
    Sales performance in the alcoholic beverages market highlights the contrast between the saturated, static markets of the West and the developing potential of key emerging markets
    Trends in consumers' consumption occasions mirror the flat performance in sales volumes
    Males remain the dominant gender in overall alcohol occasions, although female consumption is growing stronger
    Alcohol consumption occasions decline with age, as moderation behaviors rise and consumers' priorities shift
    Moderation, driven by rising attentiveness to health issues, is increasingly characterizing many consumers' alcoholic beverage consumption behaviors
    Moderation has also been influenced by economic circumstances, but consumers remain resistant to the concept of cutting back on alcohol for purely financial reasons
    Alcohol abstainers: although a minority, those that never drink account for a sizeable share of LDA consumers
    Key takeouts and implications: growth potential in the alcohol market will be centered on tapping new consumer groups and the sustenance of trading up behavior
    TREND: The spirits category is subject to high levels of regional variation, but the overall market sees steady if unspectacular growth
    Sales in the spirits category are increasing in many featured countries
    The number of spirits occasions is increasing in most featured countries
    The diverse nature of the spirits market and national tastes makes truly global strategies very difficult
    The spirits category overall exhibits a high degree of male dominance
    A segment analysis reveals more complex gender patterns in spirits
    Spirits occasions are generally more common among older age groups although the industry is showing greater success at tapping into demand among younger age cohorts
    Segments in the spirits sector demonstrate substantial variation when analyzing by age
    Key takeouts and implications: variation seen in spirits markets between countries and segments emphasizes the advantages of diverse product portfolios and the need for nuanced targeting
    TREND: On and off-trade dynamics in the spirits market: national variations in drinking culture dictate the bias in spirits consumption by channel
    The shift in alcohol sales from the on-trade to the off-trade reflects a trend predating the global economic downturn
    The economic climate is influencing consumers' propensity to consume on-trade and also their product choices
    Recent trends show increased motivation among consumers to consume off-trade
    Time scarcity and related external pressures on alcohol consumption occasions adds impetus to the move to the off-trade
    The frequency and location of on-trade consumption habits around the world underlines preferences for moderate relaxed drinking occasions
    Consumers drink with greater frequency when at home than they do on-trade
    Brand choice is being influenced by price both on- and off-trade, although this is, perhaps surprisingly, more marked off-trade
    By consumption location, the spirits market shows less predictability on a country by country basis than is true of other alcohol categories
    Volume statistics also give mixed results in spirits
    Certain spirits segments have defining impacts upon the on and off-trade
    Whisky is less definitive as a guide to overall on-trade trends in Europe compared to other regions
    Vodka is an important market driver within the on-trade setting
    Key takeouts and implications: the rise of the off-trade is a doubled-edged sword for the spirits market
    INSIGHT: Changing consumer preferences in spirits: spirits continue to benefit from consumers' premiumization tendencies but face challenges due to price sensitivity and healthy positioning
    Some consumers are shifting between categories based on price and value-for-money considerations, but habit and experiential attributes remain highly important
    The revitalization of the spirits market is demonstrated through consumers' association of them with high energy drinking occasions
    The influence of health on alcohol choice: while proving advantageous for other categories, spirits face greater challenges in effectively laying claim to healthy positioning
    The popularity of lower alcohol versions of brands reflects both health awareness and the general trend for moderation, but this is a difficult trend for the spirits industry to harness
    Authenticity cues have widened beyond heritage to include purity as a leading judge of quality in spirits
    Key takeouts and implications: changing consumer perceptions of the suitability of spirits by occasion have important consequences for the industry
    INSIGHT: Innovation trends in spirits: upscale claims and guarantors of quality dominate innovation
    Premiumization is still the most common trend seen in new releases in the spirits industry
    Natural and organic spirits have begun to increase in number
    Private label tags have not been common in spirits compared to the beer and wine markets
    Micro brewing has previously seen success in beer and wine and the trend is also gathering pace in the spirits category
    Key takeouts and implications: maintaining the emphasis on upscale releases
ACTION POINTS
    ACTION: Build a compelling case for brand loyalty in the off-trade
    ACTION: Promote the connection of spirits with food
    ACTION: Maintain investment in, and exploitation of opportunities within the healthy alcohol market
    ACTION: Continue to invest in product differentiation through packaging innovation
    ACTION: Be ready for renewed trading up opportunities during the post-recessionary period
    Maintain a strong focus on innovation and R&D during times of economic uncertainty
    Start planning for the longer term by continually tracking consumers as an economic recovery begins to become a reality
APPENDIX
    Definitions
    Methodology
    Further reading and references
    Ask the analyst
    Datamonitor consulting
    Disclaimer
List of Figures
    Figure 1: Alcoholic beverages market value and growth, 15 countries, across Europe, North and South America, and Asia Pacific
    Figure 2: Alcoholic beverages market value (US$ millions) and volume (million liters), by country, Europe, 2003-13
    Figure 3: Alcoholic beverages market value (US$ millions) and market volume (million liters), Brazil and the US, 2003-13
    Figure 4: Alcoholic beverages market value (US$ millions) and market volume (million liters) by country, Asia Pacific, 2003-13
    Figure 5: Number of alcoholic beverage occasions (millions), in 15 countries across Europe, the Americas and Asia Pacific, 2004-14
    Figure 6: Number of LDA per capita alcoholic beverage occasions, in 15 countries across Europe, the Americas and Asia, 2004-14
    Figure 7: Male dominance in expenditure on alcohol mirrors that seen in occasion numbers
    Figure 8: Number of alcoholic beverage occasions (millions), Europe, comparison by gender, 2009
    Figure 9: Number of alcoholic beverage occasions (millions), Europe, by gender, 2004-14
    Figure 10: Number of alcoholic beverage occasions (millions), US and Brazil, comparison by gender, 2009
    Figure 11: Number of alcoholic beverage occasions (millions), US and Brazil, by gender, 2004-14
    Figure 12: Number of alcoholic beverage occasions (millions), Asia Pacific, comparison by gender, 2009
    Figure 13: Number of alcoholic beverage occasions (millions), Asia Pacific, by gender, 2004-14
    Figure 14: Number of alcoholic beverage consumption occasions (millions), by age, in 15 countries across Europe, the US, South America and Asia Pacific, 2004-14
    Figure 15: Number of per capita alcoholic beverage consumption occasions, by age, in 15 countries across Europe, the US, South America and Asia Pacific, 2004-14
    Figure 16: Consumer Survey: the level of attention given to 'ensuring you do not drink too much alcohol in general', by age, in 15 countries across Europe, the Americas, and Asia Pacific, 2008
    Figure 17: Consumer Survey: How much attention do you give towards the following? Potential weight gain from drinking alcohol
    Figure 18: In Europe, Italians are showing the highest overall commitment to consciously moderating their alcohol consumption
    Figure 19: Over a quarter of US drinkers strongly agree that they are making an effort to moderate consumption
    Figure 20: Asia Pacific consumers, compared to consumers globally, are less committed to moderating their alcohol intake, despite relatively high overall levels of interest in restraint
    Figure 21: Consumer Survey: Please indicate to what extent you agree or disagree with the following statements: I make a conscious effort not to drink too much alcohol
    Figure 22: Europeans are highly attentive to alcohol spend, but its impact on overall consumption is limited
    Figure 23: Brazilians and Americans show a greater likelihood to cut consumption and are more attentive than Europeans, but a stark gap is still apparent
    Figure 24: Asia Pacific exhibits a similar attentiveness/behavior gap in their alcohol consumption
    Figure 25: Consumer Survey: How much attention do you give toward the following? The amount of money you spend on alcohol
    Figure 26: Consumer Survey: Please indicate to what extent you have done the following more or less frequently in the past six months: Cut down on the overall amount of alcohol you buy/consume
    Figure 27: Rate of alcohol abstention (% of LDA population and number of abstainers, millions), in 15 countries across Europe, the Americas, and Asia Pacific, 2009
    Figure 28: Rate of alcohol abstention (% of LDA population), by gender, in 15 countries across Europe, the Americas, and Asia Pacific, 2009
    Figure 29: Rate of alcohol abstention (% of LDA population), by age, in 15 countries across Europe, the Americas, and Asia Pacific, 2009
    Figure 30: Spirits market value (US$ millions) and volume (liters millions), by country, Europe, 2003-2013
    Figure 31: Spirits market value (US$ millions) and volume (liters millions), Brazil and the US, 2003-2013
    Figure 32: Spirits market value (US$ millions) and volume (liters millions), by country, Asia Pacific, 2003-2013
    Figure 33: Number of spirits consumption occasions (millions), Europe, Brazil, the US, and Asia Pacific, 2004-2014
    Figure 34: Per capita spirits consumption occasions, Europe, Brazil, the US, and Asia Pacific, 2004-2014
    Figure 35: National preferences vary considerably in the spirits market
    Figure 36: Number of per capita spirits consumption occasions, by gender, Europe, 2009
    Figure 37: Number of per capita spirits consumption occasions, by gender, Brazil and the US, 2009
    Figure 38: Number of per capita spirits consumption occasions, by gender, Asia Pacific, 2009
    Figure 39: Number of spirits consumption occasions (millions), by gender, Europe, Brazil, the US and Asia Pacific, 2004-2014
    Figure 40: Percentage share of spirits consumption occasions, by gender, Europe, Brazil, the US and Asia Pacific, 2004-2014
    Figure 41: Not all spirits subcategories are dominated by men in market value terms
    Figure 42: Number of spirits consumption occasions (millions), by age group, in 15 countries across Europe, the Americas and Asia Pacific, 2009
    Figure 43: Number of per capita spirits consumption occasions, by age group, in 15 countries across Europe, the Americas and Asia Pacific, 2009
    Figure 44: Spirits preferences show marked differences with age
    Figure 45: Overall alcoholic beverage market volume sales (millions liters), by on-trade versus off-trade, in 15 countries across Europe, the Americas and Asia Pacific, 2003-08
    Figure 46: Share of overall alcoholic beverage market volume sales (%), by on-trade versus off-trade, in 15 countries across Europe, the Americas and Asia Pacific, 2003-08
    Figure 47: Share of overall alcoholic beverage consumption occasions, by on-trade versus off-trade, Europe, 2009
    Figure 48: Share of overall alcoholic beverage consumption occasions, by on-trade versus off-trade, Brazil and the US, 2009
    Figure 49: Share of overall alcoholic beverage consumption occasions, by on-trade versus off-trade, Asia Pacific, 2009
    Figure 50: Number of on-trade alcoholic beverage consumption occasions (millions), in 15 countries across Europe, the Americas, and Asia Pacific, 2004-14
    Figure 51: Number of off-trade alcoholic beverage consumption occasions (millions), in 15 countries across Europe, the Americas, and Asia Pacific, 2004-14
    Figure 52: In light of recessionary conditions, Europeans, especially the French, Germans and Italians, are showing a tendency to restrain their eating out
    Figure 53: Americans and Brazilians are showing an above average propensity for cutting back on their eating out due to the downturn
    Figure 54: South Koreans stand out in Asia Pacific through their significant cut backs in on-trade eating
    Figure 55: Europeans are making a greater effort to drink more frequently at home than they are to change the frequency of their on-trade visits
    Figure 56: Brazilians and Americans are notably contrasting in their behavior toward changing the balance and relative frequency of drinking both on- and off-trade
    Figure 57: The more developed markets of the Asia Pacific region have seen only a limited change in on- and off-trade drinking behavior compared to the emerging markets
    Figure 58: Consumer survey: In the past six months, please indicate to what extent you have done the following more or less frequently: Cut down on the number of times you drink in bars, restaurants, etc.
    Figure 59: Consumer survey: In the past six months, please indicate to what extent you have done the following more or less frequently. Made a conscious effort to drink more frequently at home.
    Figure 60: Consumer survey: In the last month, on average how many times did you have a drink in a bar, restaurant, pub, etc?
    Figure 61: Consumer survey: In the last month, on average how many times did you have a drink at home or in somebody else's home?
    Figure 62: Europeans' propensity for alcohol consumption on-trade is particularly strongly tied to restaurant visits
    Figure 63: US consumers' moderate drinking patterns on-trade favor restaurants and local bars
    Figure 64: Brazilian consumers' on-trade drinking is more frequent across most channels than their US or European peers
    Figure 65: Asia Pacific consumers show a greater propensity for more frequent alcoholic beverage consumption in restaurants and local bars
    Figure 66: European drinking patterns reflect a trend for regular off-trade social drinking and a propensity for frequent weekly drinking at home
    Figure 67: Half of US drinkers are prone to social drinking in others' homes several times a month
    Figure 68: Brazilians show a high propensity for regular weekly alcohol consumption in the home
    Figure 69: Asian consumers exhibit a much lower propensity for social drinking in the homes of others
    Figure 70: UK and Spanish consumers show the most striking tendency to trade down in brand terms off-trade compared to on-trade
    Figure 71: A quarter of Brazilians are switching to cheaper alcohol brands both on- and off-trade
    Figure 72: Australians have shown a particular tendency to purchase cheaper brands for off-trade consumption in recent months
    Figure 73: Consumer survey: In the past six months, please indicate to what extent you have done the following more or less frequently: Bought cheaper brands of alcoholic drinks when drinking in bars, restaurants, etc.
    Figure 74: Consumer survey: In the past six months, please indicate to what extent you have done the following more or less frequently: Bought cheaper brands of alcoholic drinks when drinking at-home.
    Figure 75: Share of spirits consumption occasions, by on-trade versus off-trade, Europe, 2009
    Figure 76: Share of spirits consumption occasions, by on-trade versus off-trade, Brazil and the US, 2009
    Figure 77: Share of spirits consumption occasions, by on-trade versus off-trade, Asia Pacific, 2009
    Figure 78: Overall spirits market volume sales (liters millions), by on-trade versus off-trade, in 15 countries across Europe, the Americas and Asia-Pacific, 2003-2008
    Figure 79: Share of overall spirits market volume sales (%), by on-trade versus off-trade, in 15 countries across Europe, the Americas and Asia-Pacific, 2003-2008
    Figure 80: Whisky is not especially popular in European on-trade venues, with the notable exception of Russia
    Figure 81: Whisky is not particularly popular in Brazil's on-trade, but performs on a par with the overall spirits market in the US
    Figure 82: Whisky is more geared towards on-trade consumption in Asia-Pacific, most notably in China
    Figure 83: Vodka is a popular on-trade spirit in most European markets
    Figure 84: Vodka is not overly popular as an on-trade spirit in the Americas
    Figure 85: Vodka's on-trade split is similar to the spirits market as a whole in the Asia-Pacific region
    Figure 86: Consumer survey, factors influencing consumers' alcoholic beverage choices, 2008
    Figure 87: Italians and Spanish consumers have shown a particular tendency to switch types of drink based on price
    Figure 88: Consumers in the Americas are switching alcohol types based on price more than their global peers
    Figure 89: Consumers across Asia Pacific are more likely to trade down in type of alcoholic drink than their peers globally
    Figure 90: Consumer Survey: In the past SIX MONTHS, please indicate to what extent have you done the following more or less frequently? Chosen cheaper type of drinks (e.g. beer instead of spirits)
    Figure 91: Spirits are most popular among consumers enjoying high energy nights out
    Figure 92: Spirits are generally not popular as an accompaniment to food in the home
    Figure 93: Popularity varies from country to country, but spirits have a fairly secure following among consumers drinking in the off-trade
    Figure 94: Spirits are slightly more popular for consumers when eating in the on-trade rather than the off-trade
    Figure 95: Overall, spirits are almost as popular as wine as an on-trade drink for consumers when not eating
    Figure 96: Spirits have a strong following among consumers partaking in high energy nights out
    Figure 97: Despite spirits lending an air of sophistication, the category is not particularly popular at dinner parties
    Figure 98: Consumer Survey: In the past SIX MONTHS, please indicate to what extent have you done the following more or less frequently? Chosen alcohol on the basis of how well it goes with food
    Figure 99: Southern Europe and Russia stand in contrast to the rest of Europe in how much health influences alcoholic beverage choice
    Figure 100: Health is a below average influence on US consumers' alcoholic beverage choice
    Figure 101: Australian and Japanese consumers stand out regionally with their lower concern for health in their drinks choices
    Figure 102: Consumer Survey: Please tell us how much influence the following factors have in your alcoholic beverage choice: Health
    Figure 103: A regular measure of spirits combined with a low calorie mixer represents one of the least calorific drinks among regular alcohol servings
    Figure 104: The most mature European markets have seen relatively limited shifts in behavior favoring low-alcohol versions of well known brands
    Figure 105: The contrast between Brazil and the US highlights the limited traction of health as a factor in alcoholic drinks purchases in mature markets compared to a greater degree of openness in emergent ones
    Figure 106: Australia and Japan contrast the growing interest in lower alcohol brands in the Asian region's emerging markets and South Korea
    Figure 107: Consumer Survey: In the past SIX MONTHS, please indicate to what extent have you done the following more or less frequently? Opted for lower alcohol versions of favorite brands
    Figure 108: Consumers are seeking authenticity as an arbiter of higher quality and sensory gratification
    Figure 109: Upscale is the most popular tag for new releases in the spirits market over the last five years
    Figure 110: The number of new releases tagged as 'upscale' declined in 2009, but the annual total remains substantial
    Figure 111: Products marketed as 'premium' or 'upscale' will not always be targeting the same market
    Figure 112: Natural is a tag that has gained momentum in the spirits industry
    Figure 113: Organic and ethics in general are becoming important concepts in the vodka market
    Figure 114: Micro spirits have proved popular among US consumers
    Figure 115: The Jack Daniel's whisky brand is attached to a range of cooking sauces and meat products
    Figure 116: Much potential exists for pairing whisky with food
    Figure 117: Flavored vodkas are being positioned as an accompaniment to food
    Figure 118: The first protein-infused vodka reached the market in late 2009
    Figure 119: Repackaging is something that can be employed to good effect for long-established brands
    Figure 120: Packaging in spirits is important with a wide range of novel designs now seen in the marketplace
    Figure 121: Absolut has created a strong identity through a relatively unremarkable design
    Figure 122: Datamonitor's Recession and Recovery portal will facilitate forward thinking planning for those leading companies that start planning for the longer-term

Published By: Datamonitor
Product Code: Datamonitor6558


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