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Argentina Wine Market Size, Share, Growth, Trends, Analysis: By Product Type: Still Wine, Sparkling Wine, Fortified Wine and Vermouth, Others; By Colour: Red Wine, White Wine, Others; By Distribution Channel: On-Trade, Off-Trade; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Argentina Wine Market Outlook
The Argentina wine market size reached approximately USD 2.4 billion in 2023. The market is projected to grow at a CAGR of 5.50% between 2024 and 2032, reaching a value of around USD 3.89 billion by 2032.
Key Takeaways
- The transition towards premium and standard wine choices signifies the changing preferences of customers and their longing for distinctive and top-notch wine experiences.
- In recent years, high-quality vermouths from Argentina have become increasingly popular, crafted by mixologists and wine sector professionals collaborating on solo projects.
- The on-trade channel has benefitted from the expansion of pubs, bars, and restaurants in the country, with people willing to spend for unique experience due to improving living standards.
Argentina, known for its rich wine culture, stands as the world's fifth-largest wine producer, trailing behind Italy, Spain, France, and the USA. Spanning 215 thousand hectares of vineyards, Argentina's wine production extends to 14 out of its 23 provinces.
The Argentina wine market growth can be attributed to the surge in daily wine consumption, the accessibility of genuine, locally made wine in a range of fruity flavours, and the favourable climate for grape cultivation. The rapid digitalisation and the boost in sales through e-commerce platforms are anticipated to positively influence the market for wine in Argentina.
Argentina possesses an arid continental climate that is exceptionally well-suited for cultivating grapes. The majority of the wine-producing areas are situated high in the Andes mountains, where the altitude of the vineyards plays a pivotal role in their development. In terms of production, red grapes dominate the market with more than 50% of the total value. Argentina boasts a distinctive category called "Pink" grapes, which contribute to over 21% of the overall production.
As per the Argentina wine market analysis, some of the important export markets for the country are the United States, Canada, and the United Kingdom, among others.
Market Segmentation
Argentina Wine Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Still Wine
- Sparkling Wine
- Fortified Wine and Vermouth
- Others
Market Breakup by Colour
- Red Wine
- White Wine
- Others
Market Breakup by Distribution Channel
- On-Trade
- Off-Trade
Competitive Landscape
The market participants are increasingly prioritising the manufacturing of distinctive and exclusive wines to enhance their market position.
- Grupo Peñaflor
- Bodegas Callia
- Bodega Catena Zapata
- Bodegas y Viñedos López S.A.I.C
- Bodegas Salentein SA
- Bodega Familia Schroeder
- Bodega Familia Zuccardi
- Bodegas y Viñedos Pascual Toso
- Pulenta Estate
- La Riojana
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Colour |
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| Breakup by Distribution Channel |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Wine Market Overview
8.1 Key Industry Highlights
8.2 Latin America Wine Historical Market (2018-2023)
8.3 Latin America Wine Market Forecast (2024-2032)
8.4 Latin America Wine Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Others
9 Argentina Wine Market Overview
9.1 Key Industry Highlights
9.2 Argentina Wine Historical Market (2018-2023)
9.3 Argentina Wine Market Forecast (2024-2032)
10 Argentina Wine Market by Product Type
10.1 Still Wine
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Sparkling Wine
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Fortified Wine and Vermouth
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Argentina Wine Market by Colour
11.1 Red Wine
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 White Wine
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Others
12 Argentina Wine Market by Distribution Channel
12.1 On-Trade
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Off-Trade
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Trade Data Analysis (HS Code:2204)
14.1 Major Importing Countries
14.1.1 By Volume
14.1.2 By Value
14.2 Major Exporting Countries
14.2.1 By Volume
14.2.2 By Value
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Grupo Peñaflor
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Bodegas Callia
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Bodega Catena Zapata
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Bodegas y Viñedos López S.A.I.C
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Bodegas Salentein SA
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Bodega Familia Schroeder
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Bodega Familia Zuccardi
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Bodegas y Viñedos Pascual Toso
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Pulenta Estate
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 La Riojana
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Table
1. Latin America Wine Market: Key Industry Highlights, 2018 and 2032
2. Argentina Wine Market: Key Industry Highlights, 2018 and 2032
3. Argentina Wine Historical Market: Breakup by Product Type (USD Billion), 2018-2023
4. Argentina Wine Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
5. Argentina Wine Historical Market: Breakup by Colour (USD Billion), 2018-2023
6. Argentina Wine Market Forecast: Breakup by Colour (USD Billion), 2024-2032
7. Argentina Wine Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. Argentina Wine Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. Argentina Wine Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 2.4 billion.
The market is projected to grow at a CAGR of 5.50% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 3.89 billion by 2032.
The market is driven by the increase in wine tourism, the accessibility of distinctive and exclusive wines, and the development of wine culture and social wine consumption within the area.
The key trends aiding the market expansion include the increasing appeal of wine to the younger demographic and the presence of small-scale wineries in the area.
The major product types in the market are still wine, sparkling wine, and fortified wine and vermouth, among others.
The major wine colours in the market are red wine, and white wine, among others.
The key players in the market are Grupo Peñaflor, Bodegas Callia, Bodega Catena Zapata, Bodegas y Viñedos López S.A.I.C, Bodegas Salentein SA, Bodega Familia Schroeder, Bodega Familia Zuccardi, Bodegas y Viñedos Pascual Toso, Pulenta Estate, and La Riojana, among others.
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