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Wine Market Insights, Share & Growth Trends 2024 to 2030

Markntel Advisors’ report, Wine Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Wine presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Wine Market Research Report & Market Summary:

The Global Wine Market size was valued at USD 336.03 billion in 2023 & is projected to reach USD 462.2 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.64% during the forecast period, i.e., 2024-30. The predominant driving factor for market growth is the extensive acceptance of Western influences and cross-cultural patterns. The soaring preference towards unique wine selections in metropolitan regions, coupled with an upsurge in alcohol demands during social occasions, greatly influences wine sales globally. In addition, the wine market is experiencing growth due to multiple causes, including increased awareness regarding the benefits of consuming low-calorie alcohol-based beverages among a large & young population. This trend has resulted in more individuals socializing at bars and restaurants, which further drives demand upwards, alongside an increase in recreational clubs, lounges, and restaurants.

In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

If you’re interested in the assumptions considered in this study, you can download the PDF brochure-  https://www.marknteladvisors.com/query/request-sample/wine-market.html

Wine Market Dynamics:

Key Driver-

Rising Wine Tourism Boosting the Market Expansion – The trend of wine tourism has gained popularity among consumers who are seeking educational and immersive experiences related to the production and culture surrounding wine. This involves visiting vineyards in wine-producing regions, participating in tastings, and discovering more about winemaking processes. The hotspots for wine enthusiasts comprise conventional winemaking regions such as France, Italy, Spain, and America alongside upcoming New World vineyards. Hence, this leads to the direct sales of wines to the consumers as they purchase the bottle of wines they’ve tasted.

Further, wine tourism results in increasing brand awareness among the consumers leading to future purchases. Also, the execution of numerous wine events across the globe has impacted the growth of the Wine Market. The participation of enthusiasts, novices, and industry experts in these events leads to awareness and exposure to new flavors and brands. Therefore, this results in a positive impact on the Global Wine Market.

Wine Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Type

  • Still Light Grape Wine- Market Size & Forecast 2019-2030, (Million Liters)
    • Still White Wine- Market Size & Forecast 2019-2030, (Million Liters)
    • Still Rose Wine- Market Size & Forecast 2019-2030, (Million Liters)
    • Still Red Wine- Market Size & Forecast 2019-2030, (Million Liters)
  • Sparkling Wine- Market Size & Forecast 2019-2030, (Million Liters)
    • Champagne- Market Size & Forecast 2019-2030, (Million Liters)
    • Prosecco- Market Size & Forecast 2019-2030, (Million Liters)
    • Cava- Market Size & Forecast 2019-2030, (Million Liters)
    • Others (Asti Spumante, Crémant, etc.)- Market Size & Forecast 2019-2030, (Million Liters)
  • Non-Grape Wine- Market Size & Forecast 2019-2030, (Million Liters)
    • Rice Wine- Market Size & Forecast 2019-2030, (Million Liters)
    • Plum Wine- Market Size & Forecast 2019-2030, (Million Liters)
    • Others (Dandelion wine, etc.)- Market Size & Forecast 2019-2030, (Million Liters)
  • Fortified Wine- Market Size & Forecast 2019-2030, (Million Liters)
    • Port- Market Size & Forecast 2019-2030, (Million Liters)
    • Sherry- Market Size & Forecast 2019-2030, (Million Liters)
    • Vermouth- Market Size & Forecast 2019-2030, (Million Liters)
    • Others (Madeira, Marsala, etc.)- Market Size & Forecast 2019-2030, (Million Liters)

The Still Light-Grape Wine holds the majority of the market share, owing to its popularity due to its authentic taste & flavor. Considered one of the oldest alcoholic beverages globally, it remains a favored table liquor in European countries while being widely consumed worldwide. 

By Distribution Channel

  • On-Trade- Market Size & Forecast 2019-2030, (Million Liters)
  • Off-Trade- Market Size & Forecast 2019-2030, (Million Liters)

Off-trade distribution channels held a considerable share in the Global Wine Market. These channels include retail stores, supermarkets, and online platforms, etc., which have seen rapid growth by showcasing their dominance in terms of convenience and accessibility to wider reach. 

By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific.

Europe dominates the market due to its deep-rooted cultural significance and historical engagement with wine production. As the leading consumer, Europe boasts a diverse range of wines that are integral to its celebrations and traditions. 

As indicated in the latest market research report published by Markntel Advisors, “Wine Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Wine industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/wine-market.html

Top Companies Operating in the Wine Market:

  • E & J Gallo
  • Constellation Brands
  • The Wine Society
  • Treasury Wine Estates
  • Vina Concha Y Toro
  • Castel Freres
  • Accolade Wines
  • Pernod Ricard
  • Grupo Penaflor
  • Fecovita Co-Op
  • Scout and Cellar
  • Miller Family Wine Company
  • Boisset Collection
  • Kendall-Jackson Wine
  • Bacardi Limited (Martini Brand)
  • Others (VineOh, Australian Vintage Ltd., etc.).

*Reports Delivery Format – Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address*

Other Report:

  • GCC Air Conditioner Market was valued at around USD9Billion in 2023 and is estimated to grow at a CAGR of around 5.0% from 2024-2030.
  • Air Purifier Market size is valued at around USD76Billion in 2023 and is estimated to grow at a CAGR of about 11.2% during the forecast period 2024-2030.

Key Report Highlights:

  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Primary Stakeholders,
  • Analysis of Import and Export Trends,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Frequently Asked Questions (FAQs)-

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What leading factors would propel and impede the industry across the geography?
  4. How has the industry been evolving in terms of geography & Wine Market adoption?
  5. How has the competition been shaping up across the geography?
  1. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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