World's biggest wine fair in Bordeaux eyes African tipplers
The world's biggest wine fair opens in Bordeaux, the wine capital of France, this weekend, with vintners eyeing new tipplers in Africa as global consumption rises in Asia and elsewhere.world Updated: Jun 13, 2015 12:06 IST
The world's biggest wine fair opens in Bordeaux, the wine capital of France, this weekend, with vintners eyeing new tipplers in Africa as global consumption rises in Asia and elsewhere.
The US and China are the world's top wine-lovers but Africa is the industry's next "future destination", says the Vinexpo wine and spirits fair, in a market expecting 3.5% growth over the next three years.
In Bordeaux, 45,000 buyers from 120 nations will hop from luxury chateaux to prestige vineyards partying and guzzling as France, the world's leading wine producer, lays out its best bottles for a five-day get-together starting on Sunday.
Wine is France's second-biggest export after aeronautics, accounting for half a million jobs, and President Francois Hollande will be the first head of state to open the Vinexpo fair.
But wine and spirits consumption, though buoyant, faces "a changing picture" and "many uncertainties", said the fair's CEO Guillaume Deglise.
"We're at a moment of transition with well-developed markets on the wane, such as France, because of changes in consumption patterns and differences between generations," Deglise told AFP.
"It's important to identify markets that will drive our exports outside of China and the US," he said.
Data surprisingly puts populous Nigeria -- where just over half the people are Muslim -- as one of the fastest-growing countries for champagne consumption, with the bubbly popular among its oil-rich middle class, hip-hop artists and movie stars.
As sales of cognac and other spirits slow in Asia, Nigerians spent $700 million (621 million euros) on spirits in 2012 and are expected to double that to $1.5 billion by 2017.
The Vinexpo fair will gather 2,350 exhibitors from 42 countries, two-third of them from France, which last year produced 523 million 12-bottle crates.
Big producers Italy and Spain too will be well-represented along with Portugal, Chile, Argentina, the United States, Britain, Germany, South Africa, Australia and New Zealand.
Raising glasses will be buyers and traders in all tipples -- reds, whites, roses, bubblies, sweet and dry wines, sherries, cheap plonk and boutique brands.
Even Georgia's famed old-world wines, aged in amphoras according to a tradition that dates back thousands of years, will get headline attention as its wine techniques become increasingly popular.
In France itself, some of the talk is likely to focus on a controversial vote by French MPs last week to loosen the country's tough 25-year-old laws on alcohol advertising.
The 1991 legislation, aimed at fighting youth drinking, banned TV advertising of drinks with alcohol content of more than 1.2% and showing brands in stadium hoardings.
First Published: Jun 13, 2015 11:56 IST