Global Craft Wine Market - 2023-2030
Market Overview
The global craft wine market reached US$ 38.28billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 52.39 billion by 2030. The market is expected to exhibit a CAGR of 4.0% during the forecast period (2023-2030).
An increase in consumer inclination towards healthy and quality drinks such as craft wine is expected to drive the craft wine market growth over the forecast period. Rising consumer demand for low-acidic wine and the presence of antioxidants, which is helpful for brain health are other factors that drive the market growth.
Market Dynamics
Health benefits of craft wine boosts the market growth
According to the American Heart Association (AHA), craft wine is good for the hair and skin. It helps to maintain a healthy body weight and helps in blood formation. The skin of the red grapes contain tannins, which helps in reducing bad cholesterol and helps in increasing good cholesterol level, which is beneficial for healthy blood vessels. The consumption of craft wine helps to prevent heart diseases, as it includes resveratrol. Resveratrol has antioxidant and anti-inflammatory properties to protect against diseases like cancer, diabetes, and Alzheimer's disease.
Rising consumption of craft wine, globally
According to the Wine market outlook, the global wine consumption is expected to reach 22.6 million metric by 2026. The consumption of wine has increased more than that of whiskey and beer. According to International Wines And Spirit (IWSR), a global database records, in some countries such as Germany, Sweden, and the U.K., wine consumption surged in 2022. some countries like Portugal, Italy, and France had the highest per capita consumption of wine at over 35 liters per person per year.
COVID-19 Impact Analysis
The COVID-19 pandemic has had a significant impact on the craft wine industry, with several challenges faced by small wineries and vineyards. COVID-19 pandemic has resulted in reduced sales and revenue for small wineries and vineyards. This is due to a combination of factors, including the closure of tasting rooms, decreased tourism, and reduced capacity at restaurants and bars.
The pandemic has also affected shipping and logistics, leading to delays and increased transportation costs for wineries. The pandemic has affected the entire supply chain, including access to raw materials like grapes, packaging materials, and equipment. The pandemic has also resulted in increased costs for small wineries and vineyards. This includes additional expenses related to sanitization, safety protocols, and packaging materials. These factors hamper the growth of craft wine market during Covid 19 pandemic.
Ukraine-Russia War
The Russia-Ukraine war negatively impacted the global sales and production of the wine industry. Inflation impacts every aspect of the wine business including corcks, bottles, labels, barrels, packaging, pallets, and machineries. In 2021, Spain exported wine worth 24.2 million euros to Russia and wine worth 16.2 million euros to Ukraine but in 2022, wine export stopped due to the Russia-Ukraine war. Wine industry is suffering from energy crisis and higher inflation problems.
Artificial Intelligence Impact Analysis
On June 20, 2022, through new updates to IoT Tech & AI algorithms for improved accuracy and predictability, winely, an exocule company announced a historic breakthrough in fermentation analysis for large wine tanks. Advances in automation and robotics technology could potentially improve efficiency and reduce labor costs for wineries. This could enable small wineries to improve their operations without having to hire additional staff. The increasing use of mobile and remote technologies could offer opportunities for wineries to reach new markets and connect with consumers in different locations. In addition to the comprehensive, real-time data analysis and visualization for which Winely products are renowned, this new upgrade provides both new and current Winely sensors with increased pressure capabilities that enable them to survive the enormous pressure of even the most extreme tank conditions.
Segment Analysis
The global craft wine market is segmented into type, flavor, packaging, distribution channel and region.
An increasing demand for naturally fermented wines
On the basis of type, the craft wine market is segmented into sparkling wine, still wine, and others.
Still wines are produced through the natural fermentation of grapes. Still wine has different flavors such as red wine, white wine, and rosé. Still wine is a type of table wine that is produced by using a vinification method that leaves it free from carbon dioxide, sparkling, or effervescent. The skin of the grapes is separated either before or after fermentation. The alcohol content of the wine ranges from 10-14%.
Geographical Analysis
Increase in the consumption of craft wine in the Asia Pacific region
On the basis of region, the global craft wine market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east and Africa.
The Asia Pacific craft wine market is expected to witness the highest growth rate during the forecast period. According to the Wine Australia report, wine consumption in the Asia Pacific region is over 1/5 of global consumption of wine. India is the fastest growing country in wine consumption with a growth rate of approximately 7%. Global companies are investing in the region to increase the import of the craft wine from countries like India and China, which is further expected to increase the craft wine consumption in the Asia Pacific region during the forecast period.
Competitive Landscape
The major global players in the market include Willamette Valley Wine, A Blooming Hill Vineyard and Winery, Chateau Niagara Winery, ALDI Inc., House of Saka, Koi Zen Cellars, LGI Wines, Auscraft Wine, CRFT Wines, Clover Hill Wines, Scotch Church Road Vineyard, Treasury Wine Estate, Castle Group, Accolade Wines, and E. & J. Gallo Winery.
Why Purchase the Report?
• To visualize the global craft wine market segmentation based on type, flavor, packaging, distribution channel and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of craft wine market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The global craft wine market report would provide approximately 75 tables, 69 figures and 195 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Type
- 3.2. Snippet by Flavor
- 3.3. Snippet by Packaging
- 3.4. Snippet by Distribution Channel
- 3.5. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Before COVID-19 Scenario
- 6.1.2. Present COVID-19 Scenario
- 6.1.3. Post COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
- 7.2. Sparkling Wine*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Still Wine
- 7.4. Others
- 8. By Flavor
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Flavor
- 8.1.2. Market Attractiveness Index, By Flavor
- 8.2. White Wine*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Red Wine
- 8.4. Others
- 9. By Packaging
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Packaging
- 9.1.2. Market Attractiveness Index, By Packaging
- 9.2. Glass Bottles*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Plastic Bottles
- 9.4. Cans
- 10. By Distribution Channel
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 10.1.2. Market Attractiveness Index, By Distribution Channel
- 10.2. On-trade*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Off-trade
- 10.3.1. Supermarkets/Hypermarkets
- 10.3.2. Specialty Stores
- 10.3.3. Online Retailers
- 10.3.4. Others
- 11. By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Flavor
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Packaging
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. The U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Flavor
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Packaging
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. The U.K.
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Spain
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Flavor
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Packaging
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. Brazil
- 11.4.7.2. Argentina
- 11.4.7.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Flavor
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Packaging
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. China
- 11.5.7.2. India
- 11.5.7.3. Japan
- 11.5.7.4. Australia
- 11.5.7.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Flavor
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Packaging
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Company Profiles
- 13.1. Willamette Valley Wine*
- 13.1.1. Company Overview
- 13.1.2. Grade Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
- 13.2. A Blooming Hill Vineyard and Winery
- 13.3. Chateau Niagara Winery
- 13.4. ALDI Inc.
- 13.5. House of Saka
- 13.6. Koi Zen Cellars
- 13.7. LGI Wines
- 13.8. Auscraft Wine
- 13.9. CRFT Wines
- 13.10. Clover Hill Wines
- 13.11. Scotch Church Road Vineyard
- 13.12. Treasury Wine Estate
- 13.13. Castle Group
- 13.14. Accolade Wines
- 13.15. E. & J. Gallo Winery
- LIST NOT EXHAUSTIVE
- 14. Appendix
- 14.1. About Us and Services
- 14.2. Contact Us
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