Top 5 Companies Dominating the Global Wine Market Landscape

E. & J. Gallo Winery, The Wine Group LLC, Madeira Wine Company, SA, Bronco Wine Company, and Constellation Brands Inc.., among others, are the major players in the global wine market. 

The global wine market reached a value of USD 428.96 billion in 2023. The market is projected to grow at a CAGR of 6.20% in the forecast period of 2024-2032 to reach around USD 737.13 billion by 2032. As per the analysis by Expert Market Research, the market is expected to be driven by rising urbanisation and normalising of the drinking culture.

The demand for natural, organic, and biodynamic wines, is growing owing to rising health and wellness concerns among consumers. Another prominent trend in the wine market is the rising popularity of sparkling wine due to the demand for wine-based cocktails such as spritzers, or fizzy wine in a can.  Shopping online for wine is also rising in popularity. The e-commerce platform provides consumers with a wide choice of wines at different prices. 

The younger regular drinkers of wine with regular income are boosting the premiumisation of wine. There is a growing demand for high-end wine bottles for family and corporate functions. Further, in various countries, including India the drinking culture is normalising with the taboo around alcoholic beverages slowly decreasing. Alcoholic drinks, including wine, is becoming a status symbol among consumers. Further, factors, such as rapid urbanisation, changing lifestyles, exposure to new and Western cultures, rising disposable incomes, and overseas contribute to the popularity of wines, propelling the wine market growth. 

The most established wine markets globally are in Europe, with Portugal, Italy, and France accounting for the highest per capita consumption annually of over 35 litres per person. Further, the top wine producers globally in 2023 were the European countries of France, Italy, and Spain. Spain’s vineyards cover around 955,000 hectares of land, accounting for around 13% of the land used globally for grape cultivation.

Table: Top 10 Wine Producers Globally in 2023

Top 5 Wine Companies in the World:

E. & J. Gallo Winery

E. & J. Gallo Winery is a producer of high-quality wines, spirits, and other alcoholic beverages. Gallo distributes and markets its products to over 100 countries, globally. E. & J. Gallo Winery collaborates with over 3,000 suppliers to ensure it provides superior products and services to its customers. It has a robust supply chain made up of grape growers and companies providing a range of services and support including raw materials, branded wine imports, contract manufacturing, packaging, and raw materials.

The Wine Group LLC

The Wine Group LLC (TWG) is a renowned wine producer with multiple facilities in California, as well as in Loxton, Australia, and Westfield, New York. The company is a leading exporter of California wine. Its brand Franzia has held the number 1 wine brand position in the world for more than 20 years. Further, its Cupcake Vineyards brand has been the number 1 premium wine brand by volume for over 5 years. 

Madeira Wine Company, SA

The Madeira Wine Company, SA holds a portfolio of significant wine brands, including Blandy’s Madeira, Miles Madeira, Cossart Gordon, and Atlantis. The company manages 7 hectares of vineyards working towards preserving and securing Madeira’s viticultural heritage and supporting the rural communities. The company grows a variety of grapes for wine production, including Malvasia SJ, Verdelho, Sercial, Bual, and Terrantez. 

Bronco Wine Company

Bronco Wine Company is a prominent player in the United States wine sector. It is a family-owned company and the largest privately held vineyard holder in the country. It constantly invests in innovation to produce the finest quality wines for its consumers. Bronco Wine follows a vertically integrated model of wine production. Its wide portfolio of wine brands includes Weingut Anselmann, Cedar Brook, Coastal Ridge, Daffodil, and Estrella, among others. 

Constellation Brands Inc.

Constellation Brands Inc. is an international producer and marketer of wine, beer, and spirits. The company has operations in the United States, Mexico, Italy, and New Zealand. Constellation Brands is one of the fastest-growing, large consumer packaged goods (CPG) companies in the United States. Consumers increasingly purchase products from the company’s fine wine brands, including Robert Mondavi Winery and The Prisoner Wine Company Kim Crawford and Meiomi.