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Spain Wine Market Size, Share, Trends, Growth, 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; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Spain Wine Market Outlook
The Spain wine market size reached USD 10.66 billion in 2023. The market is projected to grow at a CAGR of 4.1% between 2024 and 2032, reaching almost USD 15.30 billion by 2032.
Key Takeaways:
- Off-trade consumption of wine is expected to constitute a major portion of the market share.
- Spain is the third most important country for wine production globally.
- Red wine is expected to dominate the market over the forecast period.
The emergence of new wine retail stores with a wide product assortment is becoming increasingly popular among consumers, thereby driving the Spain wine market growth. Moreover, the increasing preference for boxed and canned wine among millennials and Gen Z is expected to propel the demand for sustainably packaged alcoholic beverages, which helps minimise the overall environmental footprint.
The integration of AR tools into wine bottles is transforming the experience of purchasing wine among consumers. Such tools enable consumers to better comprehend the cultivation and fermentation processes behind winemaking, which is contributing towards the Spain wine market development.
The use of blockchain technology for authenticating fine wines has become increasingly popular in recent years, propelling the Spain wine market expansion. Blockchain technology enhances the traceability of wines, reduces operational expenses, tracks capabilities, and improves quality assurance.
The adoption of technologically advanced robots and drones is facilitating wine growers in enhancing their crop yield and quality. This is contributing towards sustainable farm management practices and influencing the Spain wine market expansion favourably. Changing consumer preferences for wine are expected to fuel further innovations in the market in the forecast period.
Market Segmentation
Spain 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
The key Spain wine market players are Bacardi & Company Limited, Brown-Forman Corporation, Pernod Ricard SA, Codorníu, S.A., Maison Benoit Valérie Calvet, Vinos de los Herederos del Marqués de Riscal S.A., Vivanco Enoturismo Y Experiencias S.L, Protos Bodega Ribera Duero De Peñafiel, SL, Comercial Grupo Freixenet, SA, and Diego Zamora, S.A., 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:
|
| Breakup by Product Type |
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| Breakup by Colour |
|
| Breakup by Distribution Channel |
|
| 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 Europe Wine Market Overview
8.1 Key Industry Highlights
8.2 Europe Wine Historical Market (2018-2023)
8.3 Europe Wine Market Forecast (2024-2032)
8.4 Europe Wine Market Share by Country
8.4.1 Germany
8.4.2 United Kingdom
8.4.3 France
8.4.4 Italy
8.4.5 Spain
8.4.6 Others
9 Spain Wine Market Overview
9.1 Key Industry Highlights
9.2 Spain Wine Historical Market (2018-2023)
9.3 Spain Wine Market Forecast (2024-2032)
10 Spain 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 Spain 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 Spain 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 Brown-Forman Corporation
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 Pernod Ricard 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 Codorníu, S.A.
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 Maison Benoit Valérie Calvet
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 Vinos de los Herederos del Marqués de Riscal S.A.
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 Vivanco Enoturismo Y Experiencias S.L
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 Protos Bodega Ribera Duero De Peñafiel, SL
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 Comercial Grupo Freixenet, 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 Diego Zamora, S.A.
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. Europe Wine Market: Key Industry Highlights, 2018 and 2032
2. Spain Wine Market: Key Industry Highlights, 2018 and 2032
3. Spain Wine Historical Market: Breakup by Product Type (USD Billion), 2018-2023
4. Spain Wine Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
5. Spain Wine Historical Market: Breakup by Colour (USD Billion), 2018-2023
6. Spain Wine Market Forecast: Breakup by Colour (USD Billion), 2024-2032
7. Spain Wine Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. Spain 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. Spain Wine Market Structure
Key Questions Answered in the Report
The market was valued at nearly USD 10.66 billion in 2023.
The market is projected to grow at a CAGR of 4.1% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 15.30 billion in 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 segments colours of wine considered in the market report are red wine, and white wine, among others.
The key market players are Bacardi & Company Limited, Brown-Forman Corporation, Pernod Ricard SA, Codorníu, S.A., Maison Benoit Valérie Calvet, Vinos de los Herederos del Marqués de Riscal S.A., Vivanco Enoturismo Y Experiencias S.L, Protos Bodega Ribera Duero De Peñafiel, SL, Comercial Grupo Freixenet, SA, and Diego Zamora, S.A., among others.
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