Wine Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Wine Market
The global wine market size was valued at USD 339.53 billion in 2020 and is projected to grow from USD 340.23 billion in 2021 to USD 4856.76 billion by 2028, exhibiting a CAGR of 4.30% during the forecast period of 2021-2028.
The pandemic disrupted wine sales because of eating place closures and delivery chain issues but boosted online sales as clients shifted to at-domestic intake. This shift caused improved funding in virtual sales channels and domestic transport options in the wine market, impeding the wine market growth.
The wine market is pushed by increasing consumer calls for top-class and organic wines, developing hobbies in wine tourism, and the rise of wine subscription services. It is additionally, expanding e-trade systems and evolving consumer options for healthier and occasional-alcohol alternatives fuel marketplace growth.
Sustainability and natural practices are using the wine market. Consumers are increasingly searching for wines produced with minimal chemical intervention and a discounted carbon footprint, expanding the wine market share globally. Transparency and traceability in the supply chain are also crucial as purchasers search to support ethical and sustainable winemaking practices.
Comprehensive Analysis of Wine Market
The wine market is segmented by kind, taste, and distribution channel. The wine remains dominant in phrases of a kind due to its genuine flavor and flexibility, typically consumed across diverse occasions. However, glowing wine is gaining popularity, especially in developing international locations, pushed by its precise bubbling properties and growing purchaser experimentation. Regarding taste, purple wine leads the marketplace because of its health benefits, antioxidants, and high-priced appeal. Thanks to its light, fruity taste, Rosé wine is also gaining traction, especially amongst women clients. In distribution channels, the off-trade zone, such as supermarkets and online platforms, has visibly increased, especially with the upward thrust of cutting-edge retail and e-trade. Despite this, on-exchange channels like bars and restaurants are also anticipated to grow because of growing pass-cultural traits and dine-out practices.
The Europe region led the wine market by benefitting a size of USD 204.94 billion in 2020 due to its deep reference to positive cultures and activities, it has always been visible as a symbol of celebration.
The leading players in the wine market significantly influence its growth trajectory and set industry standards. These key players, including The Wine Group (U.S.), John Distilleries (India), International Beverage Holdings (Thailand), Distell Group Limited (South Africa), Halewood Wines International (U.K.), Sula Vineyards Pvt. Ltd. (India), Accolade Wines, Plc. (U.S.), E & J Gallo Winery (U.S.), Global Drinks Finland (Finland), Treasury Wine Estates (Australia), and Torres Wines (Spain), contribute to a competitive landscape, driving innovation, product diversification, and market expansion.
In September 2021, Familia Torres unveiled the newest vintage of their Antología Miguel Torres wine collection. This flagship wine reflects the vineyard’s dedication to regenerative viticulture and sustainability as part of their efforts to fight weather alternates. The collection consists of five wines: Milmanda 2018, Mas La Plana 2017, Reserva Real 2017, Grans Muralles 2017, and Mas de la Rosa 2018.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2017-2028
Base Year
2020
Estimated Year
2021
Forecast Period
2021-2028
Historical Period
2017-2019
Unit
Value (USD Billion)
Segmentation
By Type
Sparkling
Still
Others
By Flavor
Red
White
Rose
By Distribution Channel
On-trade
Off-trade
By Region
North America (By Type, Flavor, Distribution Channel, and By Country)
- U.S.
- Canada
- Mexico
- Germany
- U.K.
- France
- Spain
- Italy
- Russia
- Rest of Europe
- China
- Japan
- Australia
- Rest of Asia Pacific
- Brazil
- Argentina
- Chile
- Rest of South America
- South Africa
- Turkey
- Rest of ME&A
- 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
- 4.1.1. Overview on Global Alcoholic Beverages Market
- 4.1.2. Global Alcohol Socialization Trend
- 4.2. Supply Chain & Regulatory Analysis
- 4.3. Global Wine Trade Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- 5. Global Wine Market Analysis, Insights and Forecast, 2017-2028
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Type
- 5.2.1.1. Sparkling Wine
- 5.2.1.2. Still Wine
- 5.2.1.3. Others
- 5.2.2. By Flavour
- 5.2.2.1. Red Wine
- 5.2.2.2. White Wine
- 5.2.2.3. Rose Wine
- 5.2.3. By Distribution Channel
- 5.2.3.1. On-trade
- 5.2.3.2. Off-trade
- 5.2.4. By Region
- 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 Wine Market Analysis, Insights and Forecast, 2017-2028
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type
- 6.2.1.1. Sparkling Wine
- 6.2.1.2. Still Wine
- 6.2.1.3. Others
- 6.2.2. By Flavour
- 6.2.2.1. Red Wine
- 6.2.2.2. White Wine
- 6.2.2.3. Rose Wine
- 6.2.3. By Distribution Channel
- 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 Wine Market Analysis, Insights and Forecast, 2017-2028
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type
- 7.2.1.1. Sparkling Wine
- 7.2.1.2. Still Wine
- 7.2.1.3. Others
- 7.2.2. By Flavour
- 7.2.2.1. Red Wine
- 7.2.2.2. White Wine
- 7.2.2.3. Rose Wine
- 7.2.3. By Distribution Channel
- 7.2.3.1. On-trade
- 7.2.3.2. Off-trade
- 7.2.4. By Country
- 7.2.4.1. Germany
- 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. U.K.
- 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. France
- 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. Spain
- 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. Italy
- 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. Russia
- 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 Wine Market Analysis, Insights and Forecast, 2017-2028
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Type
- 8.2.1.1. Sparkling Wine
- 8.2.1.2. Still Wine
- 8.2.1.3. Others
- 8.2.2. By Flavour
- 8.2.2.1. Red Wine
- 8.2.2.2. White Wine
- 8.2.2.3. Rose Wine
- 8.2.3. By Distribution Channel
- 8.2.3.1. On-trade
- 8.2.3.2. Off-trade
- 8.2.4. By Country
- 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. Japan
- 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. Australia
- 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 Wine Market Analysis, Insights and Forecast, 2017-2028
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Type
- 9.2.1.1. Sparkling Wine
- 9.2.1.2. Still Wine
- 9.2.1.3. Others
- 9.2.2. By Flavour
- 9.2.2.1. Red Wine
- 9.2.2.2. White Wine
- 9.2.2.3. Rose Wine
- 9.2.3. By Distribution Channel
- 9.2.3.1. On-trade
- 9.2.3.2. Off-trade
- 9.2.4. By Country
- 9.2.4.1. Brazil
- 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. Argentina
- 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 Wine Market Analysis, Insights and Forecast, 2017-2028
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Type
- 10.2.1.1. Sparkling Wine
- 10.2.1.2. Still Wine
- 10.2.1.3. Others
- 10.2.2. By Flavour
- 10.2.2.1. Red Wine
- 10.2.2.2. White Wine
- 10.2.2.3. Rose Wine
- 10.2.3. By Distribution Channel
- 10.2.3.1. On-trade
- 10.2.3.2. Off-trade
- 10.2.4. By Country
- 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 and 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 Wine Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2020
- 12. Company Profiles
- 12.1. The Wine Group
- 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. John Distilleries
- 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. International Beverage Holdings
- 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. Distell Group Limited
- 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. Halewood Wines International
- 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. Sula Wineyards Pvt. Ltd.
- 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. Accolade Wines, Plc.
- 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. E & J Gallo Winery
- 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. Global Drinks Finland
- 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. Treasury Wine estates
- 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. Treasury Wine estates
- 14. Appendix
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