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Mexico Wine Market Size, Share, Growth, Analysis, Forecast: 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; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Mexico Wine Market Outlook
The Mexico wine market size is projected to grow at a CAGR of 3.8% between 2024 and 2032. The market is being driven by the growing trend of sustainability and the rising popularity of boxed wine.
Key Takeaways
- Red wine is expected to constitute a major portion of the Mexico wine market share.
- Fortified wine and vermouth are expected to gain increasing popularity over the forecast period.
- Baja California is expected to lead the domestic production of wine in Mexico.
Sustainability is one of the key trends shaping the Mexico wine market outlook. Many Mexican wineries are relying on renewable sources of energy to power their operations and are switching towards sourcing their grapes from farmers practicing organic and biodynamic farming. In biodynamic farming, crop growers rely on different cosmic principles to harvest grapes, which are believed to influence their quality and taste.
The increasing emphasis on recyclable/reusable packaging is also driving market players towards the adoption of sustainable plant-based materials for making wine packaging. This is expected to drive the Mexico wine market growth in the forecast period.
Boxed wine is becoming increasingly popular among consumers as it comes in different sizes and lasts longer. Moreover, the resurging demand for orange wine is further propelling the market growth. This is because it has a distinctive taste and can be paired with various food items to elevate the dining experience within homes.
The discovery of lesser-known grape varieties is expected to fuel the Mexico wine market development as wineries expand their product offerings and focus on providing unique tastes and flavours to consumers. Increasing health consciousness is prompting consumers to consume low-alcoholic beverages, which is expected to fuel rapid innovations in the Mexico wine market in the coming years.
Market Segmentation
Mexico 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
Market Breakup by Region
- Baja California
- Northern Mexico
- The Bajío
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
The key Mexico wine market players are Bacardi & Company Limited, Constellation Brands, Inc., Brown-Forman Corporation, Suntory Holdings Limited, Speakeasy Co. (Monte Xanic), Vinícola San Lorenzo S.A. De C.V. (Casa Madero), Madeira Wine Company S.A., GRUPO CETTO, Wine Factory, and La Villa del Valle Group, among 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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| Breakup by Region |
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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 Mexico Wine Market Overview
9.1 Key Industry Highlights
9.2 Mexico Wine Historical Market (2018-2023)
9.3 Mexico Wine Market Forecast (2024-2032)
10 Mexico 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 Mexico 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 Mexico 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 Mexico Wine Market by Region
13.1 Baja California
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Northern Mexico
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 The Bajío
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Central Mexico
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Pacific Coast
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Yucatan Peninsula
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyers Powers
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code:2204)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Bacardi & Company Limited
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Constellation Brands, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Brown-Forman Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Suntory Holdings Limited
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Speakeasy Co. (Monte Xanic)
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Vinícola San Lorenzo S.A. De C.V. (Casa Madero)
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Madeira Wine Company S.A.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 GRUPO CETTO
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Wine Factory
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 La Villa del Valle Group
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 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. Mexico Wine Market: Key Industry Highlights, 2018 and 2032
3. Mexico Wine Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Mexico Wine Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Mexico Wine Historical Market: Breakup by Colour (USD Million), 2018-2023
6. Mexico Wine Market Forecast: Breakup by Colour (USD Million), 2024-2032
7. Mexico Wine Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
8. Mexico Wine Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
9. Mexico Wine Historical Market: Breakup by Region (USD Million), 2018-2023
10. Mexico Wine Market Forecast: Breakup by Region (USD Million), 2024-2032
11. Major Importing Countries by Volume
12. Major Exporting Countries by Volume
13. Major Importing Countries by Value
14. Major Exporting Countries by Value
15. Mexico Wine Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 3.8% between 2024 and 2032.
The different distribution channels in the market include on-trade and off-trade.
The different product types in the market include still wine, sparkling wine, and fortified wine and vermouth, among others.
The different wine colours considered in the market report are red wine and white wine, among others.
The major regions in the market include Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The key market players are Bacardi & Company Limited, Constellation Brands, Inc., Brown-Forman Corporation, Suntory Holdings Limited, Speakeasy Co. (Monte Xanic), Vinícola San Lorenzo S.A. De C.V. (Casa Madero), Madeira Wine Company S.A., GRUPO CETTO, Wine Factory, and La Villa del Valle Group, among others.
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