Product Code: GVR-4-68039-353-5
Wine Market Growth & Trends
The global wine market size is expected to reach USD 685.99 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.4% from 2021 to 2028. The growing preference for wines among all age groups instead of hard spirits across the world is expected to be a major factor contributing to the growth of the market. In addition to this, growing party culture with higher demand for low alcoholic beverages is anticipated to fuel the market growth over the forecast period.
Wine has gained wide-scale penetration across the globe. Its popularity is attributed to its affordable pricing along with fine taste. Online sales of wine have made it exceptionally affordable and accessible to consumers, regardless of their location. Along with that, digital communication technologies have improved the experience of shopping for different types of wine.
The off-trade distribution channel enjoys maximum penetration across the globe. The regular consumption of table and dessert wines is likely to be the major factor driving the sales of different types of wines through off-trade distribution channels. In addition, the low prices of wine being sold through these distribution channels are likely to encourage more consumers to opt for these, resulting in a positive impact on the market growth over the forecast years.
Companies are increasingly focusing on producing new wines to gain market share across the globe. For instance, in May 2020, E. & J. Gallo Winery announced the launch of a new French rose, created and developed by Post Malone, a Grammy-nominated record artist, in partnership with Global Brand Equities and Dre London. E. & J. Gallo Company has exclusive distribution and sales support for the brand.
To increase geographic reach, cut down competition, and expand market share, companies are adopting strategies such as mergers & acquisitions and various partnerships. For instance, in 2020, Accolade Wines acquired the operations of Australian wine company Katnook Estate from Wingara Wine Group. Accolade Wines will control approximately 160 hectares of vineyards in Coonawarra, Australia.
Wine Market Report Highlights
By product, table wine held the largest share of more than 84.0% in 2020 and is expected to maintain its lead over the forecast period. Being inexpensive and easily accessible through retail, table wines often find preference among new consumers of wine
The sparkling wine product segment is projected to register the fastest CAGR of 6.6% from 2021 to 2028. Increased consumer interest in spritz drinks and propagation of aperitivo culture in the European region have been driving the demand for sparkling wine
The off-trade distribution channel held the largest share of 89.0% in 2020. The off-trade distribution channel of wine includes retail outlets, supermarkets, and hypermarkets
Europe held the largest share of over 46.0% in 2020. Europe is the most established market for wine with several countries such as Portugal, Italy, and France having the highest per capita wine consumption per year
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Product Outlook
- 2.3. Distribution Channel Outlook
- 2.4. Regional Outlook
- 2.5. Competitive Insights
Chapter 3. Wine Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Impact of COVID-19 on the Wine Market
- 3.4. Industry Value Chain Analysis
- 3.4.1. Sales/Retail Channel Analysis
- 3.4.2. Profit Margin Analysis
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.5.4. Industry Opportunities
- 3.6. Business Environment Analysis
- 3.6.1. Industry Analysis - Porter's
- 3.6.1.1. Supplier Power
- 3.6.1.2. Buyer Power
- 3.6.1.3. Substitution Threat
- 3.6.1.4. Threat from New Entrant
- 3.6.1.5. Competitive Rivalry
- 3.7. Roadmap of Wine Market
- 3.8. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Product Adoption
- 4.5. Observations & Recommendations
Chapter 5. Wine Market: Product Estimates & Trend Analysis
- 5.1. Product Movement Analysis & Market Share, 2020 & 2028
- 5.2. Table Wine
- 5.2.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 5.3. Dessert Wine
- 5.3.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 5.4. Sparkling Wine
- 5.4.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
Chapter 6. Wine Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Distribution Channel Movement Analysis & Market Share, 2020 & 2028
- 6.2. On-trade
- 6.2.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 6.3. Off-trade
- 6.3.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
Chapter 7. Wine Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2020 & 2028
- 7.2. North America
- 7.2.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 7.2.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 7.2.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
- 7.2.4. U.S.
- 7.2.4.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 7.2.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 7.2.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
- 7.3. Europe
- 7.3.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 7.3.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 7.3.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
- 7.3.4. U.K.
- 7.3.4.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 7.3.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 7.3.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
- 7.3.5. France
- 7.3.5.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 7.3.5.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 7.3.5.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
- 7.3.6. Italy
- 7.3.6.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 7.3.6.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 7.3.6.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 7.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 7.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
- 7.4.4. China
- 7.4.4.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 7.4.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 7.4.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
- 7.4.5. India
- 7.4.5.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 7.4.5.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 7.4.5.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
- 7.4.6. Japan
- 7.4.6.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 7.4.6.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 7.4.6.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
- 7.5. Central & South America
- 7.5.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 7.5.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 7.5.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
- 7.5.4. Brazil
- 7.5.4.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 7.5.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 7.5.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 7.6.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 7.6.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
- 7.6.4. South Africa
- 7.6.4.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
- 7.6.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
- 7.6.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
Chapter 8. Competitive Analysis
- 8.1. Key global players, recent developments & their impact on the industry
- 8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
- 8.3. Vendor Landscape
- 8.3.1. Key company market share analysis, 2020
Chapter 9. Company Profiles
- 9.1. Asahi Group Holdings, Ltd.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Strategic Initiatives
- 9.2. Beijing Yanjing Beer Group Corporation
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Strategic Initiatives
- 9.3. The Wine Group
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Strategic Initiatives
- 9.4. Castel Freres
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Strategic Initiatives
- 9.5. Accolade Wines
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Strategic Initiatives
- 9.6. E. & J. Gallo Winery
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Strategic Initiatives
- 9.7. Constellation Brands
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Strategic Initiatives
- 9.8. Treasury Wine Estates (TWE)
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Strategic Initiatives
- 9.9. Pernod Ricard
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Strategic Initiatives
- 9.10. Vina Concha y Toro
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Strategic Initiatives