Wine Market by Type (Still Wine, Sparkling Wine, and Others), Flavour (Red Wine, White Wine, and Rose Wine), Distribution Channel (On-Trade, and Off-Trade) and Region - Global Industry Analysis, Opportunities and Forecast up to 2029

The global Wine market size was valued at $531.18 billion in 2023 and is projected to reach $791.84 billion by 2029, growing at a CAGR of 6.9% during the forecast period.
 
• The wine market demand is majorly driven by factors such as the rising trend of socialization with alcohol among consumers, increasing adoption of Western culture among youngsters, and increasing demand for online distribution platforms to support the higher revenue generation.

• Additionally, growing awareness about the healthy attributes of wine, changing the lifestyle of individuals, increased disposable income, and rapid urbanization is boosting the market growth.
 
• However, the gradual shift of consumers to other alcoholic beverages, due to increasing costs of wine and rising government rules and regulations and imposition of taxes are the factors restraining the global wine market.
 
Wine is an integral part of European cultures and is an alcoholic beverage drink made from fermented grape juice, without the addition of acids, enzymes, sugars, water, and other nutrients. Yeast helps to ferment the grape juice by releasing carbon dioxide and ethanol. Different varieties of grapes and different yeast used for it produce different types of wine. Grapes that are the ultimate source for wine-making are mostly grown in both Southern and Northern hemispheres.
 
By Distribution Channel, the Off-Trade Segment Holds the Dominant Position in the Market Revenue
 
One of the most prominent distribution channels in the market includes; off-trade distribution channel to deliver the product in the market. The Off-trade distribution channel includes supermarkets, hypermarkets, retail outlets, convenience stores, and others. With the outbreak of a pandemic, the off-trade distribution channel has witnessed significant growth as compared to the on-trade distribution. The lockdown propelled the demand for off-trade sales of wine, for instance; about 80% of alcohol sales in the United States were produced from the off-trade distribution channel.
 
By Geography, Asia Pacific Region to exhibit a significant growth rate in the market
 
Asia Pacific region is expected to exhibit significant growth in the Wine market. It is the third-largest consumer of wine in terms of volume, primarily driven by China, Japan, and South Korea. This is aiding to the increasing adoption of westernized trends, intake of various regional cuisines among users, significant potential due to its large customer base, rising disposable incomes, and favorable climatic conditions for wine cultivation. The consumption of red wine is more of a tradition in China, due to this factor; China is the leading market for red wine consumption.
 
List of the Key Players Profiled in the Market Include:
 • Asahi Group Holdings, Ltd.
 • Accolade Wines
 • Bacardi Limited
 • Beijing Yanjing Beer Group Corporation
 • Castel Frères
 • Constellation Brands Inc.
 • E. & J. Gallo Winery
 • Foley Family Wines
 • Madeira Wine Company SA
 • Pernod Ricard
 • Bronco Wine Company
 • The Wine Group LLC
 • Treasury Wine Estates Limited
 • International Beverage Holdings Limited
 • Distell Group Limited
 
What Can be Explored with this Research Report:
 • Understand the key trends that will drive the market, challenges it faces in the current market scenario.
 • Identify growth opportunities.
 • Porter’s five force analysis.
 • In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
 • Historical and forecast size of the market in terms of revenue (USD Million).
 • Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.
 
Market Segmentation:
 
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:
 
Global Wine Market by, Type
 • Still Wine
 • Sparkling Wine
 • Other Types
 
Global Wine Market by, Flavour
 • Red Wine
 • White Wine
 • Rose Wine
 
 Global Wine Market by, Distribution Channel
 • On-Trade
 • Off-Trade
 
Global Wine Market by, Geography
 • North America
 • Europe
 • Asia Pacific
 • South America
 • Middle East & Africa

Table Of Content

1 Market Overview            
    1.1 Introduction         
    1.2 Research Objectives       
    1.3 Market Segmentation       
    1.4 Stakeholders        
    1.5 List of Acronyms        
              
2 Executive Summary            
              
3 Research Methodology           
    3.1 Identification of Data       
    3.2 Evaluation of Market Dynamics      
    3.3 Collaboration of Data       
    3.4 Verification and Analysis       
    3.5 Data Sources        
    3.6 Assumptions        
              
4 Market Dynamics            
    4.1 Market Drivers        
            4.1.1 Increasing adoption of western culture among youngsters
            4.1.2 Increasing demand for online distribution platforms
            4.1.3 Growing awareness about the healthy attributes of wine
            4.1.4 Changing lifestyle of individuals
    4.2 Market Restraints        
            4.2.1 Gradual shift of consumers to other alcoholic beverages
            4.2.2 Rising government rules and regulations and imposition of taxes
    4.3 Impact of COVID-19 on Wine Market      
              
5 Porter's Five Force Analysis           
    5.1 Bargaining Power of Suppliers       
    5.2 Bargaining Power of Buyers       
    5.3 Threat of New Entrants       
    5.4 Threat of Substitutes       
    5.5 Competitive Rivalry in the Market      
              
6 Global Wine Market by, Type           
    6.1 Overview        
    6.2 Still Wine        
    6.3 Sparkling Wine        
    6.4 Other Types        
              
7 Global Wine Market by, Flavour          
    7.1 Overview        
    7.2 Red Wine        
    7.3 White Wine        
    7.4 Rose Wine        
              
8 Global Wine Market by, Distribution Channel         
    8.1 Overview        
    8.2 On-Trade         
    8.3 Off-Trade        
              
9 Global Wine Market by, Geography          
    9.1 Overview        
    9.2 North America        
    9.3 Europe         
    9.4 Asia Pacific        
    9.5 South America        
    9.6 Middle East & Africa       
              
10 Key Developments            
              
11 Company Profiling            
    11.1 Asahi Group Holdings, Ltd.       
             11.1.1 Business Overview
             11.1.2 Product/Service Offering
             11.1.3 Financial Overview
             11.1.4 SWOT Analysis
             11.1.5 Key Activities
    11.2 Accolade Wines        
    11.3 Bacardi Limited        
    11.4 Beijing Yanjing Beer Group Corporation      
    11.5 Castel Frères        
    11.6 Constellation Brands Inc.       
    11.7 E. & J. Gallo Winery        
    11.8 Foley Family Wines        
    11.9 Madeira Wine Company SA       
    11.10 Pernod Ricard        
    11.11 Bronco Wine Company       
    11.12 The Wine Group LLC        
    11.13 Treasury Wine Estates Limited       
    11.14 International Beverage Holdings Limited      
    11.15 Distell Group Limited