Markntel
Advisors’ report, Wine Research Report: Trend,
Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a
comprehensive guide for the growing industry. The expert team of analysts
dedicated significant effort to gathering and evaluating the latest market
data, resulting in a detailed and up-to-date report that offers valuable
insights for individuals who rely on data-driven decisions, including business
owners and analysts. The research report on the Wine presents well-researched
facts and figures pertinent to the industry, whether the goal is to explore new
markets, launch a new product, or maintain a competitive advantage.
Wine Market Research Report & Market Summary:
The Global
Wine Market size was valued
at USD 336.03 billion in 2023 & is projected to
reach USD 462.2 billion by 2030. Along with this, the market is
estimated to grow at a CAGR of around 4.64% during the forecast period, i.e.,
2024-30. The predominant driving factor for market growth is the extensive
acceptance of Western influences and cross-cultural patterns. The soaring
preference towards unique wine selections in metropolitan regions, coupled with
an upsurge in alcohol demands during social occasions, greatly influences wine
sales globally. In addition, the wine market is experiencing growth due to
multiple causes, including increased awareness regarding the benefits of
consuming low-calorie alcohol-based beverages among a large & young
population. This trend has resulted in more individuals socializing at bars and
restaurants, which further drives demand upwards, alongside an increase in
recreational clubs, lounges, and restaurants.
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Wine Market
Dynamics:
Key Driver-
Rising Wine Tourism Boosting the
Market Expansion – The trend
of wine tourism has gained popularity among consumers who are seeking
educational and immersive experiences related to the production and culture
surrounding wine. This involves visiting vineyards in wine-producing regions,
participating in tastings, and discovering more about winemaking processes. The
hotspots for wine enthusiasts comprise conventional winemaking regions such as
France, Italy, Spain, and America alongside upcoming New World vineyards.
Hence, this leads to the direct sales of wines to the consumers as they
purchase the bottle of wines they’ve tasted.
Further, wine tourism results in increasing brand awareness among the
consumers leading to future purchases. Also, the execution of numerous wine
events across the globe has impacted the growth of the Wine Market. The
participation of enthusiasts, novices, and industry experts in these events
leads to awareness and exposure to new flavors and brands. Therefore, this
results in a positive impact on the Global Wine Market.
Wine Market Segmentation Analysis:
According
to MarkNtel study the market is segmented into the following categories:
By Type
o Still Light
Grape Wine- Market Size & Forecast 2019-2030, (Million Liters)
§ Still White
Wine- Market Size & Forecast 2019-2030, (Million Liters)
§ Still Rose
Wine- Market Size & Forecast 2019-2030, (Million Liters)
§ Still Red
Wine- Market Size & Forecast 2019-2030, (Million Liters)
o Sparkling
Wine- Market Size & Forecast 2019-2030, (Million Liters)
§ Champagne-
Market Size & Forecast 2019-2030, (Million Liters)
§ Prosecco-
Market Size & Forecast 2019-2030, (Million Liters)
§ Cava-
Market Size & Forecast 2019-2030, (Million Liters)
§ Others
(Asti Spumante, Crémant, etc.)- Market Size & Forecast 2019-2030, (Million
Liters)
o Non-Grape
Wine- Market Size & Forecast 2019-2030, (Million Liters)
§ Rice Wine-
Market Size & Forecast 2019-2030, (Million Liters)
§ Plum Wine-
Market Size & Forecast 2019-2030, (Million Liters)
§ Others
(Dandelion wine, etc.)- Market Size & Forecast 2019-2030, (Million Liters)
o Fortified
Wine- Market Size & Forecast 2019-2030, (Million Liters)
§ Port-
Market Size & Forecast 2019-2030, (Million Liters)
§ Sherry- Market
Size & Forecast 2019-2030, (Million Liters)
§ Vermouth-
Market Size & Forecast 2019-2030, (Million Liters)
§ Others
(Madeira, Marsala, etc.)- Market Size & Forecast 2019-2030, (Million
Liters)
The
Still Light-Grape Wine holds the majority of the market share, owing to its
popularity due to its authentic taste & flavor. Considered one of the
oldest alcoholic beverages
globally, it remains a favored table liquor in European countries while being
widely consumed worldwide.
By Distribution Channel
o On-Trade-
Market Size & Forecast 2019-2030, (Million Liters)
o Off-Trade-
Market Size & Forecast 2019-2030, (Million Liters)
Off-trade
distribution channels held a considerable share in the Global Wine Market.
These channels include retail stores, supermarkets, and online platforms, etc.,
which have seen rapid growth by showcasing their dominance in terms of
convenience and accessibility to wider reach.
By Region
o North
America
o South
America
o Europe
o The Middle
East & Africa
o Asia-Pacific.
Europe
dominates the market due to its deep-rooted cultural significance and
historical engagement with wine production. As
the leading consumer, Europe boasts a diverse range of wines that are integral
to its celebrations and traditions.
As indicated in the latest market research report
published by Markntel Advisors, “Wine Research Report: Forecast (2024-2030)”, this report offers a detailed
analysis of the industry, featuring insights into the Wine industry. It encompasses competitor and geographical
analyses, as well as recent advancements in the market.
Browse Full Report Along
with TOC and Figures - https://www.marknteladvisors.com/research-library/wine-market.html
Top Companies Operating in the Wine Market:
·
E & J Gallo
·
Constellation Brands
·
The Wine Society
·
Treasury Wine Estates
·
Vina Concha Y Toro
·
Castel Freres
·
Accolade Wines
·
Pernod Ricard
·
Grupo Penaflor
·
Fecovita Co-Op
·
Scout and Cellar
·
Miller Family Wine Company
·
Boisset Collection
·
Kendall-Jackson Wine
·
Bacardi Limited (Martini Brand)
·
Others (VineOh, Australian Vintage Ltd.,
etc.).
*Reports Delivery Format - Market research studies from MarkNtel
Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of
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Key Report Highlights:
·
Market
Dimensions & Projections
·
Pricing
Evaluation,
·
Recent
Strategic Moves by Companies,
·
Primary
Stakeholders,
·
Analysis of
Import and Export Trends,
·
Competitive
Landscape Assessment,
·
Emerging
Opportunities,
·
Market
Trends and Indicators
Note - If there are any
particular details you need that are not currently included in the report, we
will be happy to provide them as part of our customization services.
Frequently
Asked Questions (FAQs)-
- What are the industry’s overall statistics or
estimates (Overview, Size- By Value, Forecast Numbers, Segmentation,
Shares)?
- What are the trends influencing the current
scenario of the market?
- What leading factors would propel and impede the
industry across the geography?
- How has the industry been evolving in terms of
geography & Wine Market adoption?
- How has the competition been shaping up across
the geography?
6.
Who are the key competitors, and what
strategic partnerships or ventures are they coming up with to stay afloat
during the projected time frame?
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