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The Chile wine market size reached approximately USD 3.8 billion in 2023. The market is projected to grow at a CAGR of 4.40% between 2024 and 2032, reaching a value of around USD 5.6 billion by 2032.
The Chile wine market growth is driven by factors including sustainable and eco-friendly production methods, increasing trend of premiumisation, and the introduction of a variety of grape types. Moreover, the increasing popularity of wine consumption at social events is also contributing to the growth of the market. Wine is viewed as an elegant drink and a symbol of status in the area, drawing in more customers with the rise in disposable incomes.
In 2021, the per capita wine consumption in Chile amounted to 10.6 litres, marking an increase of 8.58% compared to the previous year. Moreover, the surge in popularity of the wellness and 'clean' wine movement is driving the sales of organic wine from Chile, consequently driving up the Chile wine market share. Sainsbury's has witnessed a remarkable 50% increase in sales of Cono Sur's organic wine collection, with a significant portion of eco-conscious consumers aged 25-44 showing great interest in these wines. To meet the growing global demand, Cono Sur has expanded its organic vineyard holdings. Since its launch in the UK in 2020, this range, which comprises Chardonnay, Malbec, Pinot, Sauvignon Blanc, and a red blend, has also achieved success in Canada and Scandinavia.
As per the Chile wine market analysis, currently, there is a strong focus on sustainability among wine producers. It is widely recognised that sustainability is the way forward for Chile, and wineries are actively promoting their environmentally friendly practices. In line with this, the Chilean government has committed to achieve carbon neutrality by 2050. At present, 76 wineries, which represent 80% of bottled wine exports, have obtained certification for their sustainable practices. To address the global issue of waste generation, Chile's VSPT Wine Group has set a target to ensure that 100% of its bottles and packaging are separable, reusable, recyclable, or compostable by 2030. Furthermore, the company aims to have 60% of its packaging made from recycled materials, eliminating the use of PVC.
Chile Wine Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by Colour
Market Breakup by Distribution Channel
There is a greater emphasis on the production of unique and premium wines, such as sparkling and organic varieties by stakeholders, and industry leaders are implementing sustainable manufacturing practices to appeal to environmentally-conscious consumers.
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 Chile
8.4.5 Others
9 Chile Wine Market Overview
9.1 Key Industry Highlights
9.2 Chile Wine Historical Market (2018-2023)
9.3 Chile Wine Market Forecast (2024-2032)
10 Chile 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 Chile 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 Chile 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 The Wine Group LLC
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 Viña Concha y Toro S.A.
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 S.V. Miguel Torres S.A.
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 Montes SA
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 Claro Group (Sociedad Anónima Viña Santa Rita)
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 Garcés Silva Family Vineyards
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 Kingston Family Vineyards
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 Premium Wines S.A.
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 Odfjell Vineyards SA
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 Viña MontGras
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 Tables
1. Latin America Wine Market: Key Industry Highlights, 2018 and 2032
2. Chile Wine Market: Key Industry Highlights, 2018 and 2032
3. Chile Wine Historical Market: Breakup by Product Type (USD Billion), 2018-2023
4. Chile Wine Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
5. Chile Wine Historical Market: Breakup by Colour (USD Billion), 2018-2023
6. Chile Wine Market Forecast: Breakup by Colour (USD Billion), 2024-2032
7. Chile Wine Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. Chile 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. Chile Wine Market Structure
In 2023, the market reached an approximate value of USD 3.8 billion.
The market is estimated to grow at a CAGR of 4.40% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 5.6 billion by 2032.
The market is driven by the adoption of sustainable and eco-friendly production methods, a rising demand for high-quality wine, and an increasing demand for clean or organic wine.
The key trends aiding the market expansion include advancements in winemaking techniques, as well as the increasing interest in wine tourism in the region.
The major product types are still wine, sparkling wine, and fortified wine and vermouth, among others.
The major colours of wines in the market are red wine and white wine, among others.
The major players in the market are The Wine Group LLC, Viña Concha y Toro S.A., S.V. Miguel Torres S.A., Montes SA, Claro Group (Sociedad Anónima Viña Santa Rita), Garcés Silva Family Vineyards, Kingston Family Vineyards, Premium Wines S.A., Odfjell Vineyards SA, and Viña MontGras, among others.
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