Global Wine Market: Comprehensive Analysis and Forecast 2024 to 2030

Global Wine Market Overview and Insights:

Wine Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

What is the Future Market Size of the Wine Industry and its Yearly Growth Rate?

The Global Wine Market size was valued at USD 336.03 billion in 2023 & is projected to reach USD 462.2 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.64% during the forecast period, i.e., 2024-30. The predominant driving factor for market growth is the extensive acceptance of Western influences and cross-cultural patterns. The soaring preference towards unique wine selections in metropolitan regions, coupled with an upsurge in alcohol demands during social occasions, greatly influences wine sales globally. In addition, the wine market is experiencing growth due to multiple causes, including increased awareness regarding the benefits of consuming low-calorie alcohol-based beverages among a large & young population. This trend has resulted in more individuals socializing at bars and restaurants, which further drives demand upwards, alongside an increase in recreational clubs, lounges, and restaurants.

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Who are the Main Competitors Driving the Global Wine Market Forward?

The prominent players essentially operating in the Wine Market are as follows:

• E & J Gallo
• Constellation Brands
• The Wine Society
• Treasury Wine Estates
• Vina Concha Y Toro
• Castel Freres
• Accolade Wines
• Pernod Ricard
• Grupo Penaflor
• Fecovita Co-Op
• Scout and Cellar
• Miller Family Wine Company
• Boisset Collection
• Kendall-Jackson Wine
• Bacardi Limited (Martini Brand)
• Others (VineOh, Australian Vintage Ltd., etc.)

What are the key Drivers Defining the Global Wine Market Size?

Rising Wine Tourism Boosting the Market Expansion – The trend of wine tourism has gained popularity among consumers who are seeking educational and immersive experiences related to the production and culture surrounding wine. This involves visiting vineyards in wine-producing regions, participating in tastings, and discovering more about winemaking processes. The hotspots for wine enthusiasts comprise conventional winemaking regions such as France, Italy, Spain, and America alongside upcoming New World vineyards. Hence, this leads to the direct sales of wines to the consumers as they purchase the bottle of wines they’ve tasted.

Further, wine tourism results in increasing brand awareness among the consumers leading to future purchases. Also, the execution of numerous wine events across the globe has impacted the growth of the Wine Market. The participation of enthusiasts, novices, and industry experts in these events leads to awareness and exposure to new flavors and brands. Therefore, this results in a positive impact on the Global Wine Market.

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What is the Segmentation of the Global Wine Market?

The Wine market covered in this report is segmented –

• By Type
  • Still Light Grape Wine- Market Size & Forecast 2019-2030, (Million Liters)
    • Still White Wine- Market Size & Forecast 2019-2030, (Million Liters)
    • Still Rose Wine- Market Size & Forecast 2019-2030, (Million Liters)
    • Still Red Wine- Market Size & Forecast 2019-2030, (Million Liters)
  • Sparkling Wine- Market Size & Forecast 2019-2030, (Million Liters)
    • Champagne- Market Size & Forecast 2019-2030, (Million Liters)
    • Prosecco- Market Size & Forecast 2019-2030, (Million Liters)
    • Cava- Market Size & Forecast 2019-2030, (Million Liters)
    • Others (Asti Spumante, Crémant, etc.)- Market Size & Forecast 2019-2030, (Million Liters)
  • Non-Grape Wine- Market Size & Forecast 2019-2030, (Million Liters)
    • Rice Wine- Market Size & Forecast 2019-2030, (Million Liters)
    • Plum Wine- Market Size & Forecast 2019-2030, (Million Liters)
    • Others (Dandelion wine, etc.)- Market Size & Forecast 2019-2030, (Million Liters)
  • Fortified Wine- Market Size & Forecast 2019-2030, (Million Liters)
    • Port- Market Size & Forecast 2019-2030, (Million Liters)
    • Sherry- Market Size & Forecast 2019-2030, (Million Liters)
    • Vermouth- Market Size & Forecast 2019-2030, (Million Liters)
    • Others (Madeira, Marsala, etc.)- Market Size & Forecast 2019-2030, (Million Liters)

The Still Light-Grape Wine holds the majority of the market share, owing to its popularity due to its authentic taste & flavor. Considered one of the oldest alcoholic beverages globally, it remains a favored table liquor in European countries while being widely consumed worldwide.

• By Distribution Channel
  • On-Trade- Market Size & Forecast 2019-2030, (Million Liters)
  • Off-Trade- Market Size & Forecast 2019-2030, (Million Liters)
• By Region
  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Key Questions Answered in the Research Report

1. What is the predicted Wine market size and growth rate for the years 2024-30?
2. What challenges are restricting the growth of the Wine market?
3. Which segment accounted for the largest market share in the Wine market?
4. Which prominent companies are leading growth in the Wine market?
5. In what formats does Markntel Advisors deliver the concerned report descriptions?
6. How long does it take for customers to receive the reports provided by Markntel Advisors?
7. Does Markntel Advisors provide customized reports?

Ask Analyst for Customization and Browse full report with TOC List of Figure: https://www.marknteladvisors.com/query/request-customization/wine-market.html

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