Wine Market Growth, Demand, Overview and Segment Forecast To 2029


Posted June 7, 2023 by pranit10

Wine Market size is projected to grow at a CAGR of 5.7% through 2029 and is currently valued at US$413 Mn in 2022. The Wine Market is expected to become $608.80 Mn by 2029.

 
Wine Market Overview:

The wine market is the commercial exchange of many types of wine goods, such as still wine, sparkling wine, and fortified wine. It encompasses the manufacture, distribution, and sale of wine to customers via various channels such as supermarkets, specialty stores, and online platforms. The worldwide wine market is huge and complicated, with significant growth projected in the future years.

Increasing disposable income, changing consumer preferences, increased demand for premium and organic wines, and the growing appeal of wine as a social drink are some of the primary reasons driving the global wine market's rise. Still wine is the most popular type of wine, followed by sparkling wine and fortified wine. The main distribution route is supermarkets/hypermarkets, followed by specialty stores and online platforms.

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Wine Market Report Scope and Research Methodology:

The Wine Market report provides a concise overview of the industry. The study delves into the characteristics of the Wine Market, such as trends, drivers, restraints, challenges, and opportunities. In addition, the study contains historical, current, and predicted trends for the forecast period. It also examines the competition, which includes market leaders, followers, and new entrants, in detail.

Data for the Wine Market report was acquired using primary and secondary research methods to obtain valid judgements. Secondary data was acquired from multiple organisations' and governments' official databases, industry journals, white papers, annual reports, product manufacturer and supplier releases, and paid and free databases in the Wine industry. The bottom-up approach was used to estimate the size of the segment, regional, and global Wine Markets.

Wine Market Segmentation:

To have a thorough grasp of the Wine Market's dynamics, numerous factors can be used to segment it. These segmentation parameters include wine type (red wine, white wine, rosé wine), as well as product type (sparkling wine, still wine, and fortified wine), allowing firms to target specific consumer preferences. The distribution channel, which comprises on-trade (restaurants, bars, and hotels) and off-trade (retail stores and online platforms), is another segmentation factor that provides insights into where customers commonly acquire wine. Because wine production and consumption habits vary geographically, the market can be divided into regions and countries.

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Wine Market Key Players:

The Wine Group (USA)
Jackson Family Wines (USA)
Bronco Wine Company (USA)
LVMH Moët Hennessy Louis Vuitton SE (France)
Pernod Ricard (France)
Bacardi Limited (Bermuda, with European headquarters in London, UK)
Diageo (UK)
Davide Campari-Milano S.p.A. (Italy)
Torres (Spain)
Symington Family Estates (Portugal)
Changyu Pioneer Wine Company Limited (China)
Yantai Changyu Group Co., Ltd. (China)
China Great Wall Wine Co., Ltd. (China)
Wine Market Regional Insights:

This section of the study aids in understanding the Wine market potential in each region. The regional analytics cover North America, South America, Asia Pacific, Europe and the Middle East, and Africa. The study describes the scope of the market and the rivalry among key players in each region in terms of Wine market size.

Key questions answered in the Wine Market are:

What is Wine Market?
What are the global trends in the Wine Market?
What was the Wine Total Market size in 2022?
What is expected Wine Market size by 2029?
Who held the largest market share in Wine Market?
Who are the leading companies and what are their portfolios in Wine Market?
What are the major challenges that the Wine Industry could face in the future?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Industrial Manipulator Market Size, Share, Size & Forecast by different segment | 2022−2029.
Industrial Manipulator Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Industrial Manipulator Market Segmentation – A detailed analysis by Type, Application and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Categories Food
Tags wine market
Last Updated June 7, 2023