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Its audience share in some individual markets is tiny.
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Alas for the big brewers, this is not yet happening in China, and may not for a generation, says Anthony Bucalo of Credit Suisse, a bank.Other Asian markets are tiny, apart from Japan.
Yes, some of these markets are tiny: Lithuania reported only 21,115 sales last year; Romania, 312,532, but even these figures represent a 48% gain for Lithuania and 26% for Romania.
Russia's online market is tiny.
By comparison, the bitcoin market is tiny.
Even so, the market is tiny.
It goes on to the spot market, but that market is tiny and is not reliable.
Alex Gray of Clarksons admits that the market is tiny at the moment.
"The Chinese perfume market is tiny," said Alain Lorenzo, president of Givenchy Parfums.
The Hong Kong market is tiny, and PCCW is paying a lot to get its hands on it.
But it is a difficult crop to grow outside of the traditional areas, and the market is tiny, about $70 million.
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