Drinks giant, Diageo Plc., are rubbing their hands with anticipation of 50 million potential new consumers in China, India and Southeast Asia each year.  For these three markets alone see that amount of youngsters reaching legal drinking age every year.

In an interview with Reuters, Diageo’s Asia Pacific President, Gilbert Ghostine, said that by 2015 they aim for a fifth of the companies worldwide sales to come from these countries.

Luxury in Asia

Currently Diageo has a 30% share of this market, with Pernod Ricard lagging behind at 24%.  However, Pernod Ricard’s sales of Martell cognac are particularly strong.

Ghostine believes that sales in this area of the world are only at the tip of the iceberg, and that there is far more to come.  Currently whisky and cognac account for around 90% of the market in China with cognac outstripping whisky demand. Cognac sales are currently growing at around 14%, whereas that of whisky is at 3%.  But he is confident that it is only a matter of time before whisky returns to the 8% growth seen in 2008 before the global downturn.

Sources: www.in.news.yahoo.com, www.reuters.com

Get articles like these and more:
Subscribe to our mailing list

Diageo Eagerly Awaiting Asians to Come of Age

Get our Cognac Guide in form of an e-Book for free. Weekly updates about our stories, new products and deals.

Avatar
Author

Jacki has been with Cognac Expert from virtually the beginning. She's the senior editor of the blog, and has spent much of her life living in rural France. Today she's based back in the UK, where she splits her working life between writing for Cognac Expert and working as a Paramedic at a large regional hospital.

Write A Comment

Black Friday is coming - Sign up to our Newsletter for huge discounts on 100+ productsSign up