Opportunities in the Global Wine Sector 2024

Opportunities in the Global Wine Sector 2024

Summary

The global wine sector will increase in volume at a CAGR of 1.5% during 2023-28. Western Europe was the largest region, with a volume share of 51.9% in 2023. The US was the largest market, with a volume share of 15.6%. The increasing popularity of wine among young consumers will help the wine sector’s growth during 2023-28. Wine companies will invest in improving their technological capabilities and adopting sustainable packaging options.

This report brings together multiple data sources to provide a comprehensive overview of the global wine sector, analyzing data from 104 countries. It includes analysis on the following -

• Sector overview: Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-Asia-Pacific, Middle East and Africa, the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth factors, the latest developments, and future challenges for each region. This data includes both on-premise and off-premise data.
• Change in consumption: Provides a shift in the consumption of wine over 2018-28 at global and regional levels.
• High-potential countries: Provides risk-reward analysis of the top two high-potential countries in each region based on market assessment, economic development, governance indicators,
• socio-demographic factors, and technological infrastructure.

Scope

• Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-the Asia-Pacific, the Middle East and Africa, the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region.

Reasons to Buy

• Manufacturers and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the wine sector.
• The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances.
• The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion.
• To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.