Dessert Wine Market By Product Type (Still Wine, Sparkling Wine, Fortified Wine) , By Grape Type (White Grapes, Red Grapes) By Distribution CHannel (On-trade, Off-trade) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Dessert Wine Market
The dessert wine market was valued at $35.7 billion in 2023 and is projected to reach $64.4 billion by 2033, growing at a CAGR of 6.1% from 2024 to 2033.
Dessert wine, also known by the name pudding wine, is a sweet beverage served with the final course of meal or is considered a dessert on its own. The wine is produced from extra sweet grapes and its preparation involves ceasing the fermentation process in between, before yeast converts all the grape sugar into alcohol. Therefore, residual sugar and fruity notes are the hallmarks of a dessert wine. Apart from being a dessert, the wine is often paired with savory or spicy dishes to cleanse the palate of individuals.
Rise in inclination of consumers toward high-end premium beverages and desserts is a key driver of the dessert wine market. In addition, expansion of the niche sector of dessert wine, including special events, fine dining, and gifting occasions augments the development of the market. An emerging trend poised to dominate the market in coming years is the usage of AI to analyze existing wines and help in crafting new blends with unique flavor experiences for consumers. Furthermore, AI exhibits the capability to help winemakers in selecting suitable tanks for the blending process.
However, the labor-intensive production process and low yields limit the profitability of winemaking and hamper the development of the dessert wine market. Moreover, restricted knowledge and popularity of dessert wines confines their consumption, hence restraining the market growth considerably. On the contrary, expansion of the wine tourism industry and rise in focus on sustainability on these tours are projected to present lucrative opportunities for the dessert wine market. According to a survey conducted by WineTourism.com—a Spain-based online booking platform—approximately 87% of the participants assume that sustainable practices are poised to become a key factor in the promotion of wine tourism. Therefore, the rise of wine tourism is projected to open new avenues for the dessert wine market.
Segment ReviewThe dessert wine market is segmented into product type, grape type, distribution channel, and region. On the basis of product type, the market is divided into still wine, sparkling wine, fortified wine. Depending on grape type, it is bifurcated into white grapes and red grapes. As per distribution channel, it is classified into on-trade and off-trade. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of product type, the still wine segment held a high share of the market in 2023.
Depending on grape type, the white grapes segment acquired a high stake in the market in 2023.
As per distribution channel, the off-trade segment accounted for a high share of the market in 2023.
Region wise, Europe was the highest revenue generator in 2023.
Competition AnalysisThe leading players operating in the global dessert wine market include E & J Gallo Winery, Constellation Brands, The Wine Group, Treasury Wine Estates, Pernod Ricard, Viña Concha y Toro, Castel Group, Grupo Peñaflor, Accolade Wines, and Caviro. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.
Key Market SegmentsBy Product TypeStill Wine
Sparkling Wine
Fortified Wine
By Grape TypeWhite Grapes
Red Grapes
By Distribution CHannelOn-trade
Off-trade
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Argentina
Rest of LAMEA
Key Market PlayersE & J Gallo Winery
Constellation Brands
The Wine Group
Treasury Wine Estates
Pernod Ricard
Viña Concha y Toro
Castel Group
Grupo Peñaflor
Accolade Wines
Caviro