Wine Market Opportunities, Trends, Growth Analysis and Forecast to 2028
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Wine Market Report Overview
The wine market size was valued at $333.7 billion in 2023 and will achieve a CAGR of more than 6% during 2023-2028. The increasing popularity of wine among young consumers will drive market growth during the forecast period. The market growth can also be attributed to the increasing investments by wine companies to improve their technological capabilities to serve consumers better and make wines more disease-resistant.
Wine Market Outlook 2023-2028 (USD Billion)
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The wine products market research report provides an overview of the global wine market and forecasts market growth up to 2028. It identifies 10 high-potential countries across five regions in terms of economic development, governance, socio-demography, and technological infrastructure. In addition, the report entails a comprehensive understanding of distribution channels operating in the segment and gives a detailed account of the packaging materials based on volume sales of products. It also evaluates the competitive landscape, which includes information on segment dynamics and market player details.
Market Size (2023) | $333.7 billion |
CAGR (2023-2028) | >6% |
Key Categories | · Still wine
· Sparkling wine · Fortified wine |
Key Regions | · Asia-Pacific
· Middle East and Africa · Americas · Western Europe · Eastern Europe |
Key Distribution Channels | · Hypermarkets & supermarkets
· Food & drink specialists · Convenience stores · E-retailers |
Key Pack Material | · Rigid Plastics
· Flexible Packaging · Glass · Paper & Board · Rigid Metal |
Key Leading Players | · E. & J. Gallo Winery
· The Wine Group · Constellation Brands · Treasury Wine Estates · Accolade Wines |
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Wine Market Segmentation by Categories
The key categories in the wine market are still wine, sparkling wine, and fortified wine. In 2023, still wine was the largest category in the wine market both by value and volume.
Wine Market Analysis by Categories, 2023 (%)
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Wine Market Segmentation by Regions
The key regions in the wine market are Asia-Pacific, the Middle East and Africa, the Americas, Western Europe, and Eastern Europe. In 2023, Western Europe garnered the highest wine market revenue with France, Italy, Germany, and the UK being the major contributors. The regional market growth can be attributed to the easing of inflation and wage growth that will help consumers’ spending on wine offerings.
Wine Market Analysis by Region, 2023 (%)
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Wine Market Segmentation by Distribution Channels
The key distribution channels in the wine market are hypermarkets & supermarkets, food & drink specialists, convenience stores, e-retailers, and others. In 2023, hypermarkets & supermarkets was the most preferred distribution channel, followed by food & drink specialists and convenience stores.
Wine Market Analysis by Distribution Channel, 2023 (%)
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Wine Market Segmentation by Pack Materials
The key pack materials used in the wine market are rigid plastics, flexible packaging, glass, paper & board, and rigid metal. In 2023, glass emerged as the most preferred pack material in the wine market.
Wine Market Analysis by Pack Materials, 2023 (%)
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Wine Market – Competitive Landscape
The leading wine market players are E. & J. Gallo Winery, the Wine Group, Constellation Brands, Treasury Wine Estates, and Accolade Wines among others. In 2023, E. & J. Gallo Winery accounted for the highest wine market share.
Wine Market Analysis by Leading Players, 2023 (%)
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Segments Covered in this Report
Wine Category Outlook (Share, %, 2023)
- Still wine
- Sparkling wine
- Fortified wine
Wine Regional Outlook (Share, %, 2023)
- Asia-Pacific
- Middle East and Africa
- Americas
- Western Europe
- Eastern Europe
Wine Distribution Channel Outlook (Share, %, 2023)
- Hypermarkets & supermarkets
- Food & drink specialists
- Convenience stores
- E-retailers
Wine Packaging Material Outlook (Share, %, 2023)
- Rigid Plastics
- Flexible Packaging
- Glass
- Paper & Board
- Rigid Metal
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
Manufacturing and retailers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a 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 for growth within the sector in the region
- 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, which 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.
The Wine Group
Constellation Brands
Treasury Wine Estates
Accolade Wines
Yantai Changyu Pioneer Wine
Dynasty Fine Wines Group
Tonghua Grape Wine
Distell Group Holdings
Namaqua Wines Distribution
Soci Agricola D. Dinis
Gvapro Group
Robertson Winery
Grupo Peñaflor
Rotkäppchen-Mumm Sektkellereien
Pernod Ricard Group
Les Grands Chais de France
Bohemia Sekt
Carl Reh Winery
Prahova Valley Winery
Mudfatlar Romania
Vincon Vrancea
Table of Contents
Table
Figures
Frequently asked questions
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What was the wine market size in 2023?
The wine market size was valued at $333.7 billion in 2023.
-
What will be the estimated wine market CAGR during 2023-2028?
The wine market will grow at a CAGR of more than 6% from 2023 to 2028.
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Which was the leading category in the wine market in 2023?
In 2023, still wine was the leading category in the wine market.
-
Which distribution channel dominated the wine market in 2023?
In 2023, hypermarkets and supermarkets was the leading contributing distribution channel in the wine market.
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Which are the leading wine market players?
E. & J. Gallo Winery, the Wine Group, Constellation Brands, Treasury Wine Estates, and Accolade Wines among others are a few of the leading wine market players.
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