Global Wine Business Analysis Report 2024-2030: Canned Wine, The New Fad / Bourbon Barrels, The Upcoming Wine Aging Method / Precision Agriculture Methods / Lifestyle Trends & Cultural Issues
Wine Market
Dublin, May 16, 2024 (GLOBE NEWSWIRE) -- The "Wine - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Wine Market to Reach $528.3 Billion by 2030
The global market for Wine estimated at US$385 Billion in the year 2023, is projected to reach a revised size of US$528.3 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2023-2030.
The wine sector, although niche within the global alcoholic beverages sector, is influenced by a multitude of factors shaping its consumption patterns. While Europe remains a core region for the industry, substantial opportunities are identified outside of Europe. However, the sector faces several challenges, including a declining image among health-conscious consumers, climate extremes affecting production, counterfeit wines, and anti-alcohol campaigns and legislations.
Still Wine, one of the segments analyzed in the report, is expected to record a 4.5% CAGR and reach US$273.7 Billion by the end of the analysis period. Growth in the Sparkling Wine segment is estimated at 4.9% CAGR for the next 7-year period.
Competition is fierce, with wineries deploying various strategies such as collaborations, aggressive marketing, and new product launches to succeed in the market. Enhancing taste, flavor, and quality remains a priority, while private label wines pose stiff competition to industry leaders in matured markets. The global key competitors' percentage market share in 2024 provides insights into the market structure and competitive dynamics.
The U.S. Market is Estimated at $101.5 Billion, While China is Forecast to Grow at 7.2% CAGR
The Wine market in the U.S. is estimated at US$101.5 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$116 Billion by the year 2030 trailing a CAGR of 7.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 3.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$73 Billion by the year 2030.
Key Attributes:
Report Attribute | Details |
No. of Pages | 451 |
Forecast Period | 2023 - 2030 |
Estimated Market Value (USD) in 2023 | $385 Billion |
Forecasted Market Value (USD) by 2030 | $528.3 Billion |
Compound Annual Growth Rate | 4.6% |
Regions Covered | Global |
MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Alcoholic Beverages: An Introductory Prelude
Recent Market Activity
Wine: A Niche Category within the Global Alcoholic Beverages Sector
Wine Sector - Influenced by Myriad Factors
Mixed Trend in Wine Consumption Patterns
Diverse Range of Products Enhance the Addressable Market
Europe: Core Region for the Global Wine Industry
Wine Sector Identifies Substantial Opportunities Outside Europe
Global Market Outlook
Issues & Challenges
Declining Image of Alcohol Drinks among Health-Conscious Consumers
Climate Extremes Influence Wine Production
Counterfeit Wines
Anti-Alcohol Campaigns and Legislations
Competition
Market Structure
Wineries Deploy Various Different Strategies
Collaborations - Key to Market Success
Aggressive Marketing & Promotional Campaigns
New Product Launches: A Key Business Strategy
Enhancing Taste, Flavor and Quality Remains a Top Priority
Private Label Wines Give Stiff Competition to Leaders in Matured Markets
Wine - Global Key Competitors Percentage Market Share in 2024 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
Global Economic Update
MARKET TRENDS & DRIVERS
New World Wines Make Robust Gains
Old World Wines Remain Major Segment
Still Wines: The Dominant Segment
Sparkling Wine Evolves into A Niche Category
Diverse Line of Products: Key Trait of Sparkling Wine Market
Champagne: Highly Distinguished Sparkling Wine
Prosecco's Phenomenal Performance
New Variants Aim to Penetrate the Market
Rose Wine Set to Expand Market Share
Natural Wines Gain Traction
Organic Wine: The New Growth Vertical
Rice Wine Seeks Global Audience
Fortified Wines Gain Traction among Heavy Drinkers
Preference for Premium Wines Soars
On-Trade Channel: A Potential Revenue Generator
Wine Sales Remain High in Off-Trade Channel
Retail Stores: The High-Volume Distribution Medium
E-Commerce Evolves into High-Potential Sales Vertical
Social Media Emerges as New Promotion Tool
Wine Market Sees Packaging Diversification
Bag-in-Box for Extended Shelf Life
Canned Wine: The New Fad
Bourbon Barrels: The Upcoming Wine Aging Method
Precision Agriculture Methods & 'Tech' Innovations to Aid Wine Grape Growers
Lifestyle Trends & Cultural Issues Favor Wine Market
Busy Lifestyles
Disposable Incomes
Urban Population
Wine-Drinking Occasions
Dining Out
Desire for Trendy Drinks
Demand for Drinks Considered as Healthy
Religion
Tourism
FOCUS ON SELECT PLAYERS(Total 398 Featured)
Accolade Wines Australia Limited (Australia)
Bacardi Limited (Bermuda)
Brown-Forman Corporation (USA)
Cantine Riunite & CIV S.C.Agr. (Italy)
Castel Group (France)
Caviro s.c.a (Italy)
Codorniu, S.A. (Spain)
Constellation Brands, Inc. (USA)
E. & J. Gallo Winery (USA)
Freixenet S.A. (Spain)
Grupo Penaflor S.A. (Argentina)
Gruppo Italiano Vini S.P.A. (Italy)
Henkell & Co. Sektkellerei KG (Germany)
J. Garcia Carrion S.A (Spain)
Kendall-Jackson Wine Estates, Ltd. (USA)
LANSON-BCC (France)
LVMH Moet Hennessy Louis Vuitton S.E. (France)
Miguel Torres S. A (Spain)
Pernod Ricard Groupe (France)
Remy Cointreau Group (France)
The Schenk Group (Switzerland)
Treasury Wine Estates Limited (Australia)
Vina Concha y Toro S.A. (Chile)
The Wine Group LLC (USA)
For more information about this report visit https://www.researchandmarkets.com/r/8q54e0
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