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Colombia Wine Market Size, Share, Trends, Analysis, Report: 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; Trade Data Analysis; Competitive Landscape; 2024-2032
Colombia Wine Market Outlook
The Colombia wine market size reached approximately USD 197.2 million in 2023. The market is projected to grow at a CAGR of 4.20% between 2024 and 2032, reaching a value of around USD 285.57 million by 2032.
Key Takeaways
- Colombian wines are predominantly crafted from hybrid grape varieties that thrive in the warm and humid conditions typical of tropical regions. Besides, a small number of vinifera grapes, such as Cabernet Sauvignon and Chardonnay, are also cultivated in the region.
- La Unión, a town of medium size located in the Valle del Cauca department of Colombia, is known as the Wine Capital of Colombia.
- Vinos Don Cristobal is a popular winery that offers an exceptional assortment of wines crafted in the mountainous regions of Colombia.
The Colombia wine market growth is influenced by various factors, such as the implementation of sustainable and environmentally friendly production techniques, exceptional wine production, and the introduction of diverse grape varieties. Additionally, the rising trend of wine consumption during social gatherings also plays a significant role in driving the market.
The presence of numerous distribution channels in Colombia has greatly benefited the wine market in the country. This has made it convenient for the population to access their favourite alcoholic beverages, including top-quality Colombian wines, which are readily available in hotels, supermarkets, and restaurants. The availability of different wine varieties in high-end restaurants has also played a role in expanding the market. Additionally, the emergence of online wine retailers, such as 1000 Corks, gotoLiquorStore, and Wine to Ship is also leading to the Colombia wine market expansion.
The increasing interest from both residents and tourists from around the world in experiencing the distinct and authentic tastes of Colombian wine is playing a significant role in the market expansion. Exploring the stunning vineyards of the country is a popular choice for numerous visitors. For instance, the Ain Karim vineyard, situated close to Villa de Leyva, which is renowned as one of Colombia's most charming towns, is a prime attraction.
Market Segmentation
Colombia 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
Market stakeholders are placing a greater emphasis on producing unique and premium wines, such as sparkling and organic varieties. Moreover, industry leaders are concentrating on implementing sustainable manufacturing practices to appeal to environmentally conscious consumers.
- Bacardi & Company Limited
- Vinal Colombia SAS
- Casa Grajales SA
- Viñedo Umaña Dajud
- VINCORTE SA
- PDC Vinos Y Licores SAS
- 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:
|
| Breakup by Product Type |
|
| Breakup by Colour |
|
| Breakup by Distribution Channel |
|
| Market Dynamics |
|
| 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 Colombia
8.4.5 Others
9 Colombia Wine Market Overview
9.1 Key Industry Highlights
9.2 Colombia Wine Historical Market (2018-2023)
9.3 Colombia Wine Market Forecast (2024-2032)
10 Colombia 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 Colombia 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 Colombia 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 Bacardi & Company Limited
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 Vinal Colombia SAS
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 Casa Grajales SA
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 Viñedo Umaña Dajud
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 VINCORTE 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 PDC Vinos Y Licores SAS
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 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. Colombia Wine Market: Key Industry Highlights, 2018 and 2032
3. Colombia Wine Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Colombia Wine Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Colombia Wine Historical Market: Breakup by Colour (USD Million), 2018-2023
6. Colombia Wine Market Forecast: Breakup by Colour (USD Million), 2024-2032
7. Colombia Wine Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
8. Colombia Wine Market Forecast: Breakup by Distribution Channel (USD Million), 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. Colombia Wine Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 197.2 million.
The market is estimated to grow at a CAGR of 4.20% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 285.57 million by 2032.
The increasing demand for locally made wines, the abundant supply of high-quality and fortified wines, and the favourable weather conditions for wine production are the primary drivers behind the market growth.
The key trends aiding the market expansion include the rise in wine tourism and the expansion of distribution channels.
The major product types are still wine, sparkling wine, 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 Bacardi & Company Limited, Vinal Colombia SAS, Casa Grajales SA, Viñedo Umaña Dajud, VINCORTE SA, and PDC Vinos Y Licores SAS, among others.
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