Craft Wine Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Craft Wine Market
The Craft Wine market was valued at USD 35.39 billion in 2023, and the market is now projected to grow to USD 61.89 billion by 2032, exhibiting a CAGR of 4.57% during the forecast period of 2024-2032.
The worldwide COVID-19 widespread episode has essentially driven to the closing of different taprooms, wineries, eateries, and bars due to the requirement of lockdown by governments. The shutdown of drinking foundations and rare workforce accessibility has hampered the generation and the sales of the item. In spite of the fact that the on-trade sales were viably closed down, grocery stores and off-premises sales offer conveyance administrations to customers in the midst of the lockdown. Hence, the industry is expected to recuperate within the upcoming years as the bars and wineries have normalized their working.
The progressing drift of infusing various wine fixings to form inventive and extraordinary products have altogether drawn the consumers' consideration and inflated the craft wine market share. Their readiness to undertake out modern craft alcoholic refreshments and openness to try with modern flavours have advanced the utilization of such drinks. The infusion of cannabis in wines would cater to an audience who lean toward other ways of expending cannabis, beside other refreshments. In nations such as the U.S., where the utilization of cannabis is legal, producers are coming up with inventive weed-infused drinks, owing to the developing slant of individuals towards inventive items.
The developing request for imaginative wine-based cocktails among customers, particularly the millennials, is anticipated to increase the showcase development. Customers are broadly drinking well known wine-based cocktails such as sangria, mango enthusiasm, French pear martini, and religious administrator cocktail for their reviving taste and stylish request. In later a long time, millennials of the drinking age favor cocktails with a modest bunch of fixings but have a flavorful profile. The slant of customers towards this moderate approach emphasizes the utilization of high-quality create refreshments to guarantee the conveyance of an excellent taste and flavored cocktail. In this way, empowering the producers to present imaginative cocktails in this market would help development.
Comprehensive Analysis of Craft Wine Market
Sparkling Wines and Still Wines are the two types of fragments of the craft wine market structure. The still wine fragment is likely to rule because it is the foremost well known and most seasoned variation of table wine expended around the world. Wine consumers and devotees over the world are appearing an incredible inclination for ruddy wine due to its various wellbeing advantageous properties and awesome taste. The on-trade fragment is one of the productive deals channels for serving make alcoholic refreshments to customers around the world. Make alcoholic refreshments such as wine are for the most part accessible in tasting rooms, wineries, and boutique wine stores as they have a limited-production of 5000 cases or indeed less.
Europe is one of the major markets with gigantic potential and valuation of USD 21.36 billion within the wine category because it is the conventional maker of wine. The refreshment is famously intoxicated within the region. Nations such as Germany, Italy, France, and Spain are the major wine-producing countries within the locale. The consumption of wine amid different celebratory events, in conjunction with its social noteworthiness, are the most components set to boost the craft wine market growth within the region.
The worldwide market is divided due to the nearness of different noticeable players. These companies are centering on making unused definitions to grow their item portfolios, as well as to brace their market nearness. A Blooming Hill Vineyard & Winery (U.S.), Chateau Niagara Winery (U.S.), ALDI Inc. (Germany), House of Saka (U.S.), Koi Zen Cellars (U.S.), LGI Wines (France), Auscraft Wine (Australia), CRFT Wines (Australia), Clover Hill Wines (Australia) and Scotch Church Road Vineyard (U.S.) are centering on modern item improvements and expanding their trades to grow their businesses.
In the month of September and year 2020, the company named Fun Wine, a Miami-based wine company, propelled three modern flavors in wine containing 5.5V and 59 calories.
SEGMENTATION TABLE
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Billion)
By Type
Sparkling Wine
Still Wine
Others
By Flavor
Red Wine
Rose Wine
White Wine
By Distribution Channel
On-trade
Off-Trade
By Geography
North America (By Type, Flavor, Distribution Channel, and Country)
USA (By Type)
Canada (By Type)
Mexico (By Type)
Europe (By Type, Flavor, Distribution Channel, and Country)
France (By Type)
Russia (By Type)
Spain (By Type)
Italy (By Type)
Germany (By Type)
U.K. (By Type)
Rest of Europe (By Type)
Asia Pacific (By Type, Flavor, Distribution Channel, and Country)
China (By Type)
Japan (By Type)
Australia (By Type)
Rest of Asia Pacific (By Type)
South America (By Type, Flavor, Distribution Channel, and Country)
Brazil (By Type)
Argentina (By Type)
Chile (By Type)
Rest of South America (By Type)
The Middle East & Africa (By Type, Flavor, Distribution Channel, and Country)
South Africa (By Type)
Turkey (By Type)
Rest of the Middle East & Africa (By Type)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Emerging Trends
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Supply Chain and Regulatory Analysis
- 4.3. Recent Industry Developments - Policies, Partnerships, New Type Launches, and Mergers & Acquisitions
- 4.4. Qualitative Analysis (in relation to COVID-19)
- 4.4.1. Impact of COVID-19
- 4.4.2. Supply Chain Challenges
- 4.4.3. Potential Opportunities due to COVID-19
- 5. Global Craft Wine Market Analysis, Insights, and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Type (Value)
- 5.2.1.1. Sparkling Wine
- 5.2.1.2. Still Wine
- 5.2.1.3. Others
- 5.2.2. By Flavour (Value)
- 5.2.2.1. Red Wine
- 5.2.2.2. White Wine
- 5.2.2.3. Rose Wine
- 5.2.3. By Distribution Channel (Value)
- 5.2.3.1. On-Trade
- 5.2.3.2. Off-Trade
- 5.2.4. By Region (Value)
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia Pacific
- 5.2.4.4. South America
- 5.2.4.5. Middle East & Africa
- 6. North America Craft Wine Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type (Value)
- 6.2.1.1. Sparkling Wine
- 6.2.1.2. Still Wine
- 6.2.1.3. Others
- 6.2.2. Flavour (Value)
- 6.2.2.1. Red Wine
- 6.2.2.2. White Wine
- 6.2.2.3. Rose Wine
- 6.2.3. By Distribution Channel (Value)
- 6.2.3.1. On-Trade
- 6.2.3.2. Off-Trade
- 6.2.4. By Country (Value)
- 6.2.4.1. U.S
- 6.2.4.1.1. By Type (Value)
- 6.2.4.1.1.1. Sparkling Wine
- 6.2.4.1.1.2. Still Wine
- 6.2.4.1.1.3. Others
- 6.2.4.2. Canada
- 6.2.4.2.1. By Type(Value)
- 6.2.4.2.1.1. Sparkling Wine
- 6.2.4.2.1.2. Still Wine
- 6.2.4.2.1.3. Others
- 6.2.4.3. Mexico
- 6.2.4.3.1. By Type (Value)
- 6.2.4.3.1.1. Sparkling Wine
- 6.2.4.3.1.2. Still Wine
- 6.2.4.3.1.3. Others
- 7. Europe Craft Wine Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type(Value)
- 7.2.1.1. Sparkling Wine
- 7.2.1.2. Still Wine
- 7.2.1.3. Others
- 7.2.2. Flavour (Value)
- 7.2.2.1. Red Wine
- 7.2.2.2. White Wine
- 7.2.2.3. Rose Wine
- 7.2.3. By Distribution Channel (Value)
- 7.2.3.1. On-Trade
- 7.2.3.2. Off-Trade
- 7.2.4. By Country (Value)
- 7.2.4.1. France
- 7.2.4.1.1. By Type(Value)
- 7.2.4.1.1.1. Sparkling Wine
- 7.2.4.1.1.2. Still Wine
- 7.2.4.1.1.3. Others
- 7.2.4.2. Russia
- 7.2.4.2.1. By Type(Value)
- 7.2.4.2.1.1. Sparkling Wine
- 7.2.4.2.1.2. Still Wine
- 7.2.4.2.1.3. Others
- 7.2.4.3. Spain
- 7.2.4.3.1. By Type(Value)
- 7.2.4.3.1.1. Sparkling Wine
- 7.2.4.3.1.2. Still Wine
- 7.2.4.3.1.3. Others
- 7.2.4.4. Italy
- 7.2.4.4.1. By Type(Value)
- 7.2.4.4.1.1. Sparkling Wine
- 7.2.4.4.1.2. Still Wine
- 7.2.4.4.1.3. Others
- 7.2.4.5. Germany
- 7.2.4.5.1. By Type(Value)
- 7.2.4.5.1.1. Sparkling Wine
- 7.2.4.5.1.2. Still Wine
- 7.2.4.5.1.3. Others
- 7.2.4.6. U.K.
- 7.2.4.6.1. By Type(Value)
- 7.2.4.6.1.1. Sparkling Wine
- 7.2.4.6.1.2. Still Wine
- 7.2.4.6.1.3. Others
- 7.2.4.7. Rest of Europe
- 7.2.4.7.1. By Type(Value)
- 7.2.4.7.1.1. Sparkling Wine
- 7.2.4.7.1.2. Still Wine
- 7.2.4.7.1.3. Others
- 8. Asia-Pacific Craft Wine Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Type(Value)
- 8.2.1.1. Sparkling Wine
- 8.2.1.2. Still Wine
- 8.2.1.3. Others
- 8.2.2. Flavour (Value)
- 8.2.2.1. Red Wine
- 8.2.2.2. White Wine
- 8.2.2.3. Rose Wine
- 8.2.3. Distribution Channel (Value)
- 8.2.3.1. On-Trade
- 8.2.3.2. Off-Trade
- 8.2.4. By Country (Value)
- 8.2.4.1. China
- 8.2.4.1.1. By Type(Value)
- 8.2.4.1.1.1. Sparkling Wine
- 8.2.4.1.1.2. Still Wine
- 8.2.4.1.1.3. Others
- 8.2.4.2. Australia
- 8.2.4.2.1. By Type(Value)
- 8.2.4.2.1.1. Sparkling Wine
- 8.2.4.2.1.2. Still Wine
- 8.2.4.2.1.3. Others
- 8.2.4.3. Japan
- 8.2.4.3.1. By Type(Value)
- 8.2.4.3.1.1. Sparkling Wine
- 8.2.4.3.1.2. Still Wine
- 8.2.4.3.1.3. Others
- 8.2.4.4. Rest of Asia-Pacific
- 8.2.4.4.1. By Type(Value)
- 8.2.4.4.1.1. Sparkling Wine
- 8.2.4.4.1.2. Still Wine
- 8.2.4.4.1.3. Others
- 9. South America Craft Wine Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Type (Value)
- 9.2.1.1. Sparkling Wine
- 9.2.1.2. Still Wine
- 9.2.1.3. Others
- 9.2.2. Flavour (Value)
- 9.2.2.1. Red Wine
- 9.2.2.2. White Wine
- 9.2.2.3. Rose Wine
- 9.2.3. By Distribution Channel (Value)
- 9.2.3.1. On-Trade
- 9.2.3.2. Off-Trade
- 9.2.4. By Country (Value)
- 9.2.4.1. Argentina
- 9.2.4.1.1. By Type(Value)
- 9.2.4.1.1.1. Sparkling Wine
- 9.2.4.1.1.2. Still Wine
- 9.2.4.1.1.3. Others
- 9.2.4.2. Brazil
- 9.2.4.2.1. By Type (Value)
- 9.2.4.2.1.1. Sparkling Wine
- 9.2.4.2.1.2. Still Wine
- 9.2.4.2.1.3. Others
- 9.2.4.3. Chile
- 9.2.4.3.1. By Type (Value)
- 9.2.4.3.1.1. Sparkling Wine
- 9.2.4.3.1.2. Still Wine
- 9.2.4.3.1.3. Others
- 9.2.4.4. Rest of South America
- 9.2.4.4.1. By Type (Value)
- 9.2.4.4.1.1. Sparkling Wine
- 9.2.4.4.1.2. Still Wine
- 9.2.4.4.1.3. Others
- 10. Middle East & Africa Craft Wine Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Type (Value)
- 10.2.1.1. Sparkling Wine
- 10.2.1.2. Still Wine
- 10.2.1.3. Others
- 10.2.2. Flavour (Value)
- 10.2.2.1. Red Wine
- 10.2.2.2. White Wine
- 10.2.2.3. Rose Wine
- 10.2.3. By Distribution Channel (Value)
- 10.2.3.1. On-Trade
- 10.2.3.2. Off-Trade
- 10.2.4. By Country (Value)
- 10.2.4.1. South Africa
- 10.2.4.1.1. By Type (Value)
- 10.2.4.1.1.1. Sparkling Wine
- 10.2.4.1.1.2. Still Wine
- 10.2.4.1.1.3. Others
- 10.2.4.2. Turkey
- 10.2.4.2.1. By Type (Value)
- 10.2.4.2.1.1. Sparkling Wine
- 10.2.4.2.1.2. Still Wine
- 10.2.4.2.1.3. Others
- 10.2.4.3. Rest of Middle East & Africa
- 10.2.4.3.1. By Type (Value)
- 10.2.4.3.1.1. Sparkling Wine
- 10.2.4.3.1.2. Still Wine
- 10.2.4.3.1.3. Others
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Craft Wine Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2019
- 12. Company Profiles
- 12.1. A Blooming Hill Vineyard & Winery
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Type Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Chateau Niagara Winery
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Type Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. ALDI Inc.
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Type Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. House of Saka
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Type Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Koi Zen Cellars
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Type Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. LGI Wines
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Type Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. Auscraft Wine
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Type Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Crft Wines
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Type Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Clover Hill Wines
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Type Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Scotch Church Road Vineyard
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Type Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Appendix
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