Wine Market Opportunities, Trends, Growth Analysis and Forecast to 2027
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Wine Market Overview
The wine market size was estimated at $346.8 billion in 2022 and is likely to grow at a CAGR of more than 8% from 2022 to 2027. The US and Italy led the global wine market in 2022, mainly due to the popularity of wine among the young populations of these countries.
Wine Market Outlook 2022-2027 ($ Billion)
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The Wine market research report covers a comprehensive overview of consumption of various wines by category, for the period 2017-2027. To help market players understand future market opportunities, the report covers high-potential countries based on key factors such as economic development, governance, socio-demography, and technological infrastructure.
The actionable insights, through our elaborate drink profiling and company market share details, help gain a competitive advantage and get familiarized with drink offerings by leading brands. Furthermore, our analysts have reviewed the distribution channels and the packaging materials based on volume sales of drinks, to identify better avenues for market reach and drink exposure.
Market Size (2022) | $346.8 Billion |
CAGR (2022-2027) | >8% |
Historic Period | 2017-2022 |
Forecast Period | 2023-2027 |
Key Categories | • Still Wine
• Sparkling wine • Fortified wine |
Key Regions | • Asia-Pacific
• Middle East and Africa • The Americas • Western Europe • Eastern Europe |
Key Distribution Channels | • Hypermarkets & Supermarkets
• Convenience Stores • Food & drinks specialists • E-retailers • Others |
Key Packaging Types | • Glass
• Rigid Plastics • Paper & Board |
Leading Companies | • E. & J. Gallo Winery
• The Wine Group • Constellation Brands • Accolade Wines • Treasury Wine Estates |
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Wine Market Segmentation by Category
The key categories in the wine market are sparkling wine, still wine, and fortified wine. In 2022, the still wine category accounted for the highest value sales. The shift of consumers toward a premium experience led to an increase in wine sales in 2022.
Wine Market Analysis by Category, 2022 (%)
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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. Western Europe was the largest wine market in the world in terms of revenue contribution in 2022. One of the key factors driving the market growth is large-scale wine production, which provides access to a wide range of wines that suit different palates and budgets.
In 2022, the high-potential countries identified were Thailand, Singapore, Nigeria, the UAE, and Brazil among others.
Wine Market Analysis by Regions, 2022 (%)
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Wine Market Segmentation by Distribution Channel
The key distribution channels in the wine market are hypermarkets & supermarkets, convenience stores, food & drinks specialists, and e-retailers among others. In 2022, the hypermarkets & supermarkets channel accounted for the highest share of the wine sector, followed by food & drinks specialists.
Wine Market Analysis by Distribution Channel, 2022 (%)
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Wine Market Segmentation by Packaging Material
The key packaging materials in the wine market are glass, rigid plastics, and paper & board among others. Glass was the most used pack material in the wine industry in 2022. Additionally, the bottle pack type was the most used in the wine industry in the same year.
Wine Market Analysis by Packaging Material, 2022 (%)
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Wine Market – Competitive Landscape
The key companies in the Wine market are The Wine Group, E. & J. Gallo Winery, Constellation Brands, Accolade Wines, and Treasury Wine Estates among others. In 2022, E. & J. Gallo Winery emerged as the market leader. A few of the key brands of E. & J. Gallo Winery are Barefoot, Carlo Rossi, Gallo, Livingston Cellars, Twin Valley, and others.
Wine Market Analysis by Companies, 2022 (%)
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Key Segments Covered in this Report.
Wine Category Outlook (Value, $ Billion, 2017-2027)
- Sparkling wine
- Still wine
- Fortified wine
Wine Regional Outlook (Value, $ Billion, 2017-2027)
- Asia-Pacific
- Middle East and Africa
- The Americas
- Western Europe
- Eastern Europe
Wine Distribution Channel Outlook (Value, $ Billion, 2017-2027)
- Hypermarkets & Supermarkets
- Convenience Stores
- Food & drinks specialists
- E-retailers
- Others
Wine Packaging Outlook (Value, $ Billion, 2017-2027)
- Glass
- Rigid Plastics
- Paper & Board
Scope
This report brings together multiple data sources and provides:
- A comprehensive overview of the global wine sector, analyzing data from 107 countries.
- Sector overview: Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging.
- Regional overview: Provides an overview of 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.
- Change in consumption: Provides an overview of changes in the consumption of wine over 2017-2027, 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.
Reasons to Buy
- Get the latest information on how the market is evolving to formulate sales and marketing strategies. The report offers authentic market data with a high level of detail.
- Get up-to-date information and analysis to uncover emerging opportunities for growth within the wine sector.
- Get a detailed analysis of the countries in the region, covering the key challenges, competitive landscape, and demographic analysis, which can help companies gain insight into the country-specific nuances.
- Understand 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.
- Gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.
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
Murfatlar Romania
Vincon Vrancea
Table of Contents
Table
Figures
Frequently asked questions
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What was the wine market size in 2022?
The wine market size was estimated at $346.8 billion in 2022.
-
What will the wine market growth rate be during 2022-2027?
The wine sector is likely to grow at a CAGR of more than 8% from 2022 to 2027.
-
Which was the leading category in the wine market in 2022?
The still wine category was the highest revenue contributor in the wine market in 2022.
-
Which was the dominant distribution channel in the wine market in 2022?
The hypermarkets & supermarkets emerged as the leading distribution channel in the wine market in 2022.
-
Which was the most preferred packaging type in the wine market in 2022?
Glass was the most used pack material in the wine industry in 2022.
-
Which are the key companies in the wine market?
The key companies in the wine market are The Wine Group, E. & J. Gallo Winery, Constellation Brands, Accolade Wines, and Treasury Wine Estates among others.
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