- Still Wine
- Sparkling Wine
- Dessert Wine
- Fortified Wine
The wine market size was valued at USD 415.2 billion in 2022 and is expected to grow at a CAGR of 6.2% during the forecast period 2023-2029 owing to the influence of demographic and macroeconomic factors driving the growth of wine consumption in the market. The global wine market is surging owing to the launch of new products and market players focusing on acquisition and mergers to expand their business to strengthen their position in the wine market. Based on Product, still wine segment is expected to grow at highest CAGR over the forecast years owing to the increasing adoption of consumers to still wine that is free of carbon dioxide and therefore lacks sparkling and effervescent properties. Europe holds the largest market share of still wine sales of more than 55% while North America takes up 15.2% of total sales of still wine and Asia Pacific 11.3%.
Wine Market Key Developments:
- For instance, in 2015, E. & J. Gallo acquired small wineries to extend its market share in the wine market.
- In June 2016, Gik which is a Spanish company launched a new wine. The company claims that it is the worlds first blue wine.
- In 2016, Actor Tituss Burgess launched a new wine under the brand name Pinot Noir.
Global Wine Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
6.2%
Largest Market
Europe
Fastest Growing Market
North-America
Wine Market Dynamics
Change in lifestyle, rapid urbanization coupled with increasing wine production in the market by the developing countries and new markets. Moreover, increasing popularity for the wine products and aging population preferring to have wine over hand drinks during social celebrations fuels the growth of the market. However, Heavy taxation, legal regulations by governments and availability of other substitutes for wine would hamper the growth of the market over the forecasted years.
Europe got significant share
Wine Market Regional Analysis
Europe accounted for larger revenue share in global wine market with a significant CAGR owing to presence of large number of market players and high production of wine in European countries. Europe holds more than 50% share of global wine market. Italy, France, and Russia contributes highest share of the wine production that is more than 50% of the global wine production. United States wine market is projected to show significant growth in the forecasted period.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The wine market report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
- The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startups details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis in addition to recent technology advancements and innovations in the market
Global Wine Market Segmentation
By Product Type
By Color
- Red Wine
- Rose Wine
- White Wine
- Others
By Geography
- North America
- Latin America
- Middle East and Africa
- Europe
- Asia Pacific
Frequently Asked Questions
The Wine Market was valued at USD 415.2 billion in 2022
The Wine Market Key Players are: Caviro, Concha y Toro, Constellation Brands, Diageo, E&J Gallo, Grupo Penaflor, Johnnie Walker
North America is the fastest region in the Wine Market
| 1. Executive Summary |
| 2. Global Wine Market Introduction |
| 2.1. Global Wine Market Taxonomy |
| 2.2. Global Wine Market Definitions |
| 2.2.1. By Product Type |
| 2.2.2. By Color |
| 2.2.3. By Distribution Channels Type |
| 2.2.4. By Region |
| 3. Global Wine Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Wine Market Dynamic Factors - Impact Analysis |
| 3.6. Global Wine Market Competition Landscape |
| 4. Global Wine Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Wine Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn )Â |
| 5.1. Still Wine |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Sparkling Wine |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Fortified Wine & Vermouth |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Wine Market, By Color, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 6.1. Red Wine |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Rose Wine |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. White Wine |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Wine Market, By Distribution Channel Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 7.1. On-Trade |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Off-Trade |
| 7.2.1. Super Markets/Hypermarkets |
| 7.2.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 7.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.1.3. Market Opportunity Analysis |
| 7.2.2. Specialty Stores |
| 7.2.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 7.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.2.3. Market Opportunity Analysis |
| 7.2.3. Online Retailors |
| 7.2.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 7.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3.3. Market Opportunity Analysis |
| 7.2.4. Other Distribution Channels |
| 7.2.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 7.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.4.3. Market Opportunity Analysis |
| 8. Global Wine Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029Â (Revenue, USD Mn )Â |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Latin America |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Europe |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Asia-Pacific |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Wine Market - Opportunity Analysis Index, By Product Type, By Color, By Distribution Channels and Region, 2023 - 2029 |
| 9. North America Wine Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn )Â |
| 9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Still Wine |
| 9.1.2. Sparkling Wine |
| 9.1.3. Fortified Wine & Vermouth |
| 9.2. By Color Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Red Wine |
| 9.2.2. Rose Wine |
| 9.2.3. White Wine |
| 9.3. By Distribution Channels Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1. On-trade |
| 9.3.2. Off-trade |
| 9.3.2.1. Supermarkets/Hypermarkets |
| 9.3.2.2. Specialty Stores |
| 9.3.2.3. Online Retailers |
| 9.3.2.4. Other Distribution Channels |
| 9.4. By Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1. United States |
| 9.4.2. Canada |
| 9.5. North America Wine Market - Opportunity Analysis Index, By Product Type, By Color, By Distribution Channels and By Country 2023 - 2029 |
| 9.6. North America Wine Market Dynamics Trends |
| 10. Europe Wine Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn )Â |
| 10.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Still Wine |
| 10.1.2. Sparkling Wine |
| 10.1.3. Fortified Wine & Vermouth |
| 10.2. By Color Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Red Wine |
| 10.2.2. Rose Wine |
| 10.2.3. White Wine |
| 10.3. By Distribution Channels Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. On-trade |
| 10.3.2. Off-trade |
| 10.3.2.1. Supermarkets/Hypermarkets |
| 10.3.2.2. Specialty Stores |
| 10.3.2.3. Online Retailers |
| 10.3.2.4. Other Distribution Channels |
| 10.4. By Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. United Kingdom |
| 10.4.3. Spain |
| 10.4.4. Italy |
| 10.4.5. France |
| 10.4.6. Russia |
| 10.4.7. Norway |
| 10.4.8. Rest of Europe |
| 10.5. Europe Wine Market - Opportunity Analysis Index, By Product Type, By Color, By Distribution Channels and By Country 2023 - 2029 |
| 10.6. Europe Wine Market Dynamics Trends |
| 11. Asia-Pacific Wine Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Still Wine |
| 11.1.2. Sparkling Wine |
| 11.1.3. Fortified Wine & Vermouth |
| 11.2. By Color Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Red Wine |
| 11.2.2. Rose Wine |
| 11.2.3. White Wine |
| 11.3. By Distribution Channels Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. On-trade |
| 11.3.2. Off-trade |
| 11.3.2.1. Supermarkets/Hypermarkets |
| 11.3.2.2. Specialty Stores |
| 11.3.2.3. Online Retailers |
| 11.3.2.4. Other Distribution Channels |
| 11.4. By Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1. China |
| 11.4.2. India |
| 11.4.3. Japan |
| 11.4.4. South Korea |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Wine Market - Opportunity Analysis Index, By Product Type, By Color, By Distribution Channels and By Country 2023 - 2029 |
| 11.6. Asia-Pacific Wine Market Dynamics Trends |
| 12. Latin America Global Wine Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Still Wine |
| 12.1.2. Sparkling Wine |
| 12.1.3. Fortified Wine & Vermouth |
| 12.2. By Color Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Red Wine |
| 12.2.2. Rose Wine |
| 12.2.3. White Wine |
| 12.3. By Distribution Channels Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1. On-trade |
| 12.3.2. Off-trade |
| 12.3.2.1. Supermarkets/Hypermarkets |
| 12.3.2.2. Specialty Stores |
| 12.3.2.3. Online Retailers |
| 12.3.2.4. Other Distribution Channels |
| 12.4. By Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Wine Market - Opportunity Analysis Index, By Product Type, By Color, By Distribution Channels and By Country 2023 - 2029 |
| 12.6. Latin America Wine Market Dynamics Trends |
| 13. Middle East and Africa Wine Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 13.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Still Wine |
| 13.1.2. Sparkling Wine |
| 13.1.3. Fortified Wine & Vermouth |
| 13.2. By Color Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Red Wine |
| 13.2.2. Rose Wine |
| 13.2.3. White Wine |
| 13.3. By Distribution Channels Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1. On-trade |
| 13.3.2. Off-trade |
| 13.3.2.1. Supermarkets/Hypermarkets |
| 13.3.2.2. Specialty Stores |
| 13.3.2.3. Online Retailers |
| 13.3.2.4. Other Distribution Channels |
| 13.4. By Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1. Middle East |
| 13.4.2. South Africa |
| 13.4.3. Israel |
| 13.4.4. Argentina |
| 13.4.5. Rest of Latin America |
| 13.5. Middle East and Africa Wine Market - Opportunity Analysis Index, By Product Type, By Color, By Distribution Channels and By Country 2023 - 2029 |
| 13.6. Middle East and Africa Wine Market Dynamics Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Component & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Bacardi Limited |
| 14.2.2. E. & J. Gallo Winery |
| 14.2.3. Constellation Brands Inc. |
| 14.2.4. Pernod Ricard |
| 14.2.5. Constellation Brands Inc. |
| 14.2.6. The Wine Group LLC |
| 14.2.7. Lagfin S.C.A. |
| 14.2.8. Treasury Wine Estates Limited |
| 14.2.9. Bronco Wine Company |
| 14.2.10. Foley Family Wines |
| 14.2.11. Symington Family Estates |
| 14.2.12. Madeira Wine Company SA |
| 14.2.13. Escalade Wine & Sprirt |
| 14.2.14. Others |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
- Caviro
- Concha y Toro
- Constellation Brands
- Diageo
- E&J Gallo
- Grupo Penaflor
- Johnnie Walker
- Smirnoff
- Treasury Wine Estates
- The Wine Group