headlines thumbnail 180x180 - Changing wine consumer behaviour dominates Wine Intelligence top headlines of 2020

What do our most read articles of the year reveal about the things that matter to the wine industry in this rollercoaster year?

Throughout this remarkable year, Wine Intelligence has been keeping a close eye on how consumers around the world are adapting to changes and restrictions in their normal lives as part of our newsletter, Wine Intelligence Weekly. When reflecting on top articles of 2020, the key common thread is that wine consumer behaviour has changed in multiple dimensions – be it what they drink, how they drink, and how they buy. Each of these behaviour changes can be found in these four top articles:

Another key theme that emerges is that consumers’ caution level greatly affects their behaviour. In most markets analysed, there is a stark difference in behaviour between consumers that are playing it safe and not doing anything that could expose them to the virus, versus those that are eager to get back to the way things were. We took a look at this how these caution levels might affect the wider industry in the following frequently read articles:

And then as with any year, a key theme of the top articles includes threats and opportunities in the industry. How are wine consumers acting in terms of moderation and has the rise of hard seltzer affected wine consumption in a significant way? We have also seen great potential in two growing wine markets: Russia and Poland. In our Global Compass 2020 report, Russia jumped 23 places into the top 10 most attractive wine markets, while Poland jumped 9 places into the top 5. We analyse these factors in the following top articles:

  • The great American Millennial moderation A shrinking regular wine drinking population in the US, as wine faces growing competition for younger drinkers from other alcoholic beverages – and from the yoga studio
  • The surge of hard seltzer “Perfect storm” threat to wine in the US from decreasing consumption and hard seltzer taking centre stage
  • Russia’s wine revolution In this year’s annual Global Compass wine market attractiveness report, Russia has shot up 23 places into the top 10 — partly due to Russia’s younger generation of well-travelled adults swapping their parents’ vodka for wine
  • Poland’s rise to the top 5 wine markets Poland climbed 9 places to become the 5th most attractive wine market in the Wine Intelligence Global Compass wine market attractiveness report. What is fuelling this growth?

Finally, we’ve also published two overview documents on what we’ve learned throughout the pandemic:

  • Marketing wine during and after Covid-19 Reflecting on the evidence of research studies in marketing theory and practice, from the present day back to the days of the Great Depression, Wine Intelligence CEO Lulie Halstead highlights five focus areas for wine marketeers to consider
  • Five learnings from lockdown With the publication of the final report in Wine Intelligence’s 12 market Covid-19 Impact Report series, COO Richard Halstead reflects on what the exercise has taught us about wine consumers around the world

Over the next few weeks, COO Richard Halstead will reflect on what this year meant for the world of wine and what we can expect from 2021. 

 

Courtney 2 180x180 - Changing wine consumer behaviour dominates Wine Intelligence top headlines of 2020Author: Courtney Abernathy

Email: Courtney@wineintelligence.com

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