The global wine market size reached a value of USD 380.34 billion in 2021. The market is further estimated to grow at a CAGR of 6.20% during the forecast period of 2023-2028, to reach an approximate value of USD 545.66 billion by 2027.
In August 2022, new technology for automation of mechanical shoot thinners was funded by the Washington State Wine Commission. The project was in collaboration with Washington State University researchers.
Automation of the mechanical shoot thinning process can be a game-changer for the wine industry and vineyards. While mechanical solutions do save time as compared to manual shoot thinning, they require constant supervision. The new automated technology can save growers around USD 250 per acre, while providing precision and consistency, and saving resources.
Shoot thinning is necessary for grapes to improve shoot growth, uniformity, air movement, light penetration, and adjusting overall crop loads. Manual shoot thinning is expensive and labour intensive while mechanical shoot thinning requires skilled operators. The automation process implements a visibility solution, image analysis, and deep learning to improve the process.
In July 2022, Constellation Brands Inc. debuted a wine soda under its Woodbridge brand. The Woodbridge Wine Sodas are available in a ready-to-drink format in a convenient can. They feature white wine with different soda flavours. Such innovations by the manufacturers are likely to aid the wine market growth.
In November 2021, a new strategic partnership was announced by The Wine Group LLC with MPL Brands. They came together to launch a ready-to-drink wine-based beverage, with The Wine Group becoming the sales and production partner of MPL Brands,expanding its reach in the growing category of ready-to-drink beverage brands. The collaboration was aimed at boosting innovation in product development for wine, spirits, and ready-to-drink beverages.
In June 2021, E. & J. Gallo Winery expanded its operations, establishing a new facility on the east coast of the US in Pennsylvania state. With an investment of USD 423 million, the new facility was established to boost local production as well as support imports and exports.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Wine is an alcoholic beverage that can be traced back 8,000 years to Eastern Europe and the Middle East. Generally made from the fermentation of grapes, different types of grapes and yeasts are used to produce new styles of wine. Other types not made from grapes are rice wine and fruit wines. They can be classified based on location, type of grape used, material used, colour, and concentration.
The global wine market key trends are:
Wines have traditionally been popular with older age groups, however, in recent years, younger customers are also experimenting with wine. This increases the overall customer base for manufacturers in the market.
There are several health benefits of drinking wine, such as improved heart health, and lowered risk of heart attacks and blood clots. Greater awareness of the health benefits encourages wine consumption and demand.
Beyond traditional shops, distribution channels such as eCommerce and subscriptions lower customer apprehension and help increase sales.
Experimentation over the years has resulted in new types of wines, and customers are open to trying new variations. Ready-to-drink wines, flavoured wines, premium wines, and wine sodas are among many new varieties.
Changes in climate and weather patterns impact the growth of grapes and other agricultural sources of wine. Premium grapes are particularly sensitive to even minor changes in temperature, affecting the production quality.
Wine making tends to be an expensive process, with careful maintenance of vineyards and the overall winemaking process.
With expansion of key wine manufacturers into wider regions, there is increased competition between local producers and bigger brands. The popularity of eCommerce as a distribution channel has extended the reach of sellers of all sizes, further adding to the competition.
The global wine market can be segmented based on colour into red wine, white wine, and others. Based on product type, it is segmented into still wine, sparkling wine, fortified wine and vermouth, and others. The distribution channels are on-trade and off-trade. The regional markets can be classified as North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
The report gives a detailed analysis of the following key players in the global wine market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Wine is most commonly available in the form of red wine, and white wine, while others can include rose, grey, and orange. The colour majorly defines the wine itself, its production process, taste, and health benefits. Rose wine tends to be quicker to produce and cheaper.
Red wines are made from entire crushed red grapes, with skins, stems, and seeds, intact for the fermentation process. White wines are typically made with green grapes, but the skins, stems, and seeds are removed before starting the fermentation.
The presence of the skin adds health benefits to red wines by increasing plant compounds such as resveratrol and tannins. White wine does still have some health benefits, but in lower amounts since the skins were removed before fermenting.
The broad categories of wine are still wine, sparkling wine, fortified wine and vermouth, and others. Among the core categories of wine, sparkling wine demand is expected to increase .
The level of alcohol, the fermentation process, and presence of additives can substantially affect the final flavour and texture of wines. The preferences for types of wines tend to vary based on region and customer demographic. Sparkling wines are fermented twice and contain carbon dioxide to create the bubbly effect.
For years, the popularity of off-trade distribution channels has been steadily growing for the wine market. The pandemic added a significant boost to its demand. On-trade distribution for on-premise consumption tends to be more expensive for customers as compared to off-trade.
There are multiple options for off-trade distribution through online stores, shops, distributors, supermarkets, or other resellers. Options for on-trade distribution are through restaurants, pubs, hotels, and other sellers.
The regional wine market is based on consumption per capita, overall consumption, and regions with production.
Wine production is dependent upon the growth of agricultural produce, most specifically grapes. Accordingly, the production regions are concentrated in areas with suitable climate. Apart from the climate, the soil quality and the overall terrain also affect the quality of the wine produced.
Most of the grapes for wine production are grown in areas with a Mediterranean climate, including the Mediterranean region itself. Leading producers are Italy, Spain, and France, followed by the United States. Top producers often are top exporting regions for wine.
In terms of total volume , the United States has the highest consumption of wine worldwide. Increasing availability of local wine and changing cultural preferences have all contributed to the high consumption in the United States. Based on per capita consumption, Europe leads with Portugal, France, Italy, Switzerland, and Austria all recording high per capita wine consumption. European preferences and wines’ status as a standard accompaniment of meals contribute to its high consumption levels.
In the United States, California emerged as a popular production site for wine, with multiple vineyards, catering to the global wine market. However, droughts and water shortages have led to challenges for the vineyards in grape production. Predictive agriculture technology is implemented to maximise the use of limited water supplies while maintaining quality output for production.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
E. & J. Gallo Winery is California-based winery and distributor, founded in 1933. Considered to be the largest family-owned winery in the United States, E. & J. Gallo Winery is also the largest exporter of California wines. Spanning three generations of the Gallo family, the company has a team of over 7,000 people worldwide. It offers over 130 brands, including sparkling, table, and luxury wines, dessert wines, distilled spirits, and beverage products.
The Wine Group LLC is the third-largest producer of wine in the world, and the second-largest producer in the United States. It has an estimated production of nearly 53 million cases per annum. Starting out with the acquisition of brands such as Franzia, Tribuno, and Mogen David, The Wine Group (TWG) was founded in 1981. By expanding its winery operations and increasing the number of brands under its purview, the company witnessed rapid growth.
Madeira Wine Company, SA is a leading producer of specialised Madeira wine. It started out as an association of several Madeira wine producers aiming to improve their winemaking and purchasing capabilities. A Portugal-based company founded in 1913, it maintains and prioritises the unique characteristics of each of the individual producers. Comprising multiple family-owned businesses, Madeira Wine Company, SA has 6th and 7th generation members maintaining the legacy of Madeira wine.
Bronco Wine Company is a family-owned winery launched in 1973 and based out of California. It owns over 35,000 acres of vineyards. The company is known for its low-cost wines aimed at bringing wine to a wider audience. Today, Bronco Wine Company maintains more than 250 wine brands, achieving vertical integration directly from vineyards to customer tables.
Constellation Brands Inc. is a Fortune 500 company, a United States-based producer and marketer of wine, beer, and spirits. With around 40 facilities, it has over 100 brands in its portfolio. Founded in 1945 in New York, the company started out as a bulk seller of wine to bottlers in the eastern United States.
The company went public in 1973 and changed its previous name of Canandaigua Wine Company Inc. to Constellation Brands Inc. in 2000. Multiple acquisitions followed during its expansion, with the company moving towards a premium portfolio. It currently has locations in Mexico, Canada, Italy, and New Zealand, in addition to the United States.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Colour||
|Breakup by Product Type||
|Breakup by Distribution Channels||
|Breakup by Region||
|Trade Data Analysis||
*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.
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 Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Global Wine Market Analysis
8.1 Key Industry Highlights
8.2 Global Wine Historical Market (2018-2022)
8.3 Global Wine Market Forecast (2023-2028)
8.4 Global Wine Market by Colour
8.4.1 Red Wine
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.4.2 White Wine
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.5 Global Wine Market by Product Type
8.5.1 Still Wine
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.5.2 Sparkling Wine
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.5.3 Fortified Wine and Vermouth
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.6 Global Wine Market by Distribution Channels
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.7 Global Wine Market by Region
8.7.1 Market Share
126.96.36.199 North America
188.8.131.52 Asia Pacific
184.108.40.206 Latin America
220.127.116.11 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
18.104.22.168 United States of America
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
22.214.171.124 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code- 2204)
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
13.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 E. & J. Gallo Winery
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
14.2.2 The Wine Group LLC
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
14.2.3 Madeira Wine Company, SA
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
14.2.4 Bronco Wine Company
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
14.2.5 Constellation Brands Inc.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
15 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.3 Plant Machinery
2.4 Cost of Raw Material
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Wine Market: Key Industry Highlights, 2018 and 2028
2. Global Wine Historical Market: Breakup by ColorColour (USD MillionBillion), 2018-2022
3. Global Wine Market Forecast: Breakup by ColorColour (USD MillionBillion), 2023-2028
4. Global Wine Historical Market: Breakup by Product Type (USD MillionBillion), 2018-2022
5. Global Wine Market Forecast: Breakup by Product Type (USD MillionBillion), 2023-2028
6. Global Wine Historical Market: Breakup by Distribution Channels (USD MillionBillion), 2018-2022
7. Global Wine Market Forecast: Breakup by Distribution Channels (USD MillionBillion), 2023-2028
8. Global Wine Historical Market: Breakup by Region (USD MillionBillion), 2018-2022
9. Global Wine Market Forecast: Breakup by Region (USD MillionBillion), 2023-2028
10. North America Wine Historical Market: Breakup by Country (USD MillionBillion), 2018-2022
11. North America Wine Market Forecast: Breakup by Country (USD MillionBillion), 2023-2028
12. Europe Wine Historical Market: Breakup by Country (USD MillionBillion), 2018-2022
13. Europe Wine Market Forecast: Breakup by Country (USD MillionBillion), 2023-2028
14. Asia Pacific Wine Historical Market: Breakup by Country (USD MillionBillion), 2018-2022
15. Asia Pacific Wine Market Forecast: Breakup by Country (USD MillionBillion), 2023-2028
16. Latin America Wine Historical Market: Breakup by Country (USD MillionBillion), 2018-2022
17. Latin America Wine Market Forecast: Breakup by Country (USD MillionBillion), 2023-2028
18. Middle East and Africa Wine Historical Market: Breakup by Country (USD MillionBillion), 2018-2022
19. Middle East and Africa Wine Market Forecast: Breakup by Country (USD MillionBillion), 2023-2028
20. Major Exporting Countries by Value
21. Major Importing Countries by Value
22. Major Exporting Countries by Volume
23. Major Importing Countries by Volume
24. North America Historical Price Trends and Forecast 2018-2028
25. Europe Historical Price Trends and Forecast 2018-2028
26. Asia Pacific Historical Price Trends and Forecast 2018-2028
27. Latin America Historical Price Trends and Forecast 2018-2028
28. Middle East and Africa Historical Price Trends and Forecast 2018-2028
29. Global Wine Market Structure
The global market size for wine attained a value of USD 380.34 billion in 2021.
The market is projected to grow at a CAGR of 6.20% between 2023 and 2028.
Major market drivers are an expanding consumer base, popularity of wine, availability of new forms of wine, and greater awareness of its health benefits.
Among the key trends of the wine market are ready-to-drink wines, subscription boxes, online sales, and experimentations with wine flavours.
Some of the major regional markets are the United States, Portugal, France, Italy, Switzerland, and Austria.
The primary distribution channels are on-trade (with consumption on-premises) and off-trade (with consumption off-premises).
The key market players are E. & J. Gallo Winery, The Wine Group LLC, Madeira Wine Company SA, Bronco Wine Company, and Constellation Brands Inc., among others.
The wine market can be considered competitive, with many key players and local producers. However, there is scope for innovative new players in the market.
Traditionally, the target audience has been middle-aged and older adults. Younger adults are a new and expanding audience.
Wines can be classified as still wine, sparkling wine, fortified wine and vermouth, and others. They can also be classified on the basis of colour, such as red, white, and others.
Single User License
Five User License
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.