PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1084249
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1084249
Wine Market by Product Type, Color Type, and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast, 2022 - 2028
Wine is an alcohol based drink that is usually made from grapes and is mainly directly consumed, while also extending its use for cooking purpose and religious rites. The changing consumer lifestyle and the growing awareness of the health benefits of wine has further led many consumers shift from beer and spirit based drinks to wine. The calorie content in beer is about 1.3 times more than that of wine resulting in many calorie and health conscious consumers shifting from beer to wine.
Although the major consumer base stands to be the middle and older age group, there is a growing demand amongst the millennial which is further helping the market to grow. In the US, over 80% of the millennial population and 75% of the Gen X population prefer dining outside compared to around 70% for the baby boomers. It is also noticed that the percentage of wine drinkers for millennials has increased by over 10.5% compared to just 5.5% for baby boomers showcasing a gradual shift in target customer group.
Market Dynamics
In terms of revenue, the wine market is expected to expand at a CAGR of over 3.23% during the forecast period (2017 - 2028). According to a study conducted by Coherent Market Insights, the still wine segment is estimated to reach $255.66 billion by the end of 2017. The demand for fortified wine is expected to increase while sparkling wine stands to be the fastest growing segment over the forecast period. For instance, demand for new flavors such as marijuana infused wine and people opting for strong alcohol content are helping the market for fortified wine to grow. However, rising import duties in countries such as Australia and Russia and economic instability will act as a major hindrance in the market during the forecast period. For instance, the price of wine increased by 3% in UK, an increase by around 1% over the past two years post Brexit.
Market Taxonomy
The wine market is segmented on the basis of product type and color. Both red and white wine will continue to witness surge in sales owing to the changing lifestyle patterns, ordering wine at social gatherings, the health benefits associated with it and different activities carried out by the government to promote the wine industry. Although Europe contributed over 63% of the global wine consumption in 2021, APAC stands to be the fastest growing market and is forecasted to grow at a CAGR of around 7% followed by Latin America with CAGR of 5%.
Key features of the study:
This report provides in-depth analysis of wine market and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global wine market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans
Key companies covered as a part of this study include E. & J. Gallo Winery, Concha y Toro, The Wine Group, Bacardi Limited, Constellation Brands, Pernod Ricard, Treasury Wine Estates, Caviro, Grupo Penaflor.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, market expansion and marketing tactics
The wine market report caters to various stakeholders in this industry including investors, suppliers, wine manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the wine market
Detailed Segmentation:
Global Wine Market, By Product Type:
Still wine
Sparkling wine
Fortified wine
Global Wine Market, By Color:
Red Wine
White Wine
Rose Wine
Global Wine Market, By Geography:
North America
U.S.
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
Canada
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
Europe
U.K.
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
Germany
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
Italy
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
France
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
Spain
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
Russia
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
Rest of Europe
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
Asia-Pacific
China
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
India
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
Japan
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
ASEAN
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
Australia
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
South Korea
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
Rest of Asia Pacific
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
Latin America
Brazil
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
Argentina
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
Rest of Latin America
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
Middle East
GCC Countries
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
Israel
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
Rest of Middle East
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
Africa
Northern Africa
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
Central Africa
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
South Africa
By Product Type:
Still wine
Sparkling wine
Fortified wine
By Color:
Red Wine
White Wine
Rose Wine
Company Profiles
E. & J. Gallo Winery *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Concha y Toro
The Wine Group
Bacardi Limited
Constellation Brands
Treasury Wine Estates
Caviro
Grupo Penaflor
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
1. Research Objective and assumption
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet By Product Type
- Market Snippet By Color
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New Product Approvals/Launch
- Cost Tier Down Analysis
4. Global Wine Market, By Product Type, 2017 - 2028 (USD Billion)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-O-Y Growth Analysis, 2017 - 2028
- Segment Trends
- Still Wine
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2028, (USD Billion)
- Sparkling Wine
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2028, (USD Billion)
- Fortified Wine
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2028, (USD Billion)
5. Global Wine Market, By Color Type, 2017 - 2028 (USD Billion)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-O-Y Growth Analysis, 2017 - 2028
- Segment Trends
- Red Wine
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-O-Y Growth Analysis, 2017 - 2028
- White Wine
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2028, (USD Billion)
- Rose Wine
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2028, (USD Billion)
6. Global Wine Market, By Regions, 2017 - 2028 (USD Billion)
- Introduction
- Market Share Analysis, By Region, 2022 and 2028 (%)
- Y-O-Y Growth Analysis, For Regions, 2017 - 2028
- North America
- Market Share Analysis, By Country, 2022 and 2028 (%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2028
- U.S.
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- Canada
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- Europe
- Market Share Analysis, By Country, 2022 and 2028 (%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2028
- U.K.
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- Germany
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- Italy
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- France
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- Spain
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- Russia
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- Asia Pacific
- Market Share Analysis, By Country, 2022 and 2028 (%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2028
- China
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- India
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- Japan
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- ASEAN
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- Australia
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- South Korea
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- Latin America
- Market Share Analysis, By Country, 2022 and 2028 (%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2028
- Brazil
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- Argentina
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- Rest of Latin America
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- Middle East
- Market Share Analysis, By Country, 2022 and 2028 (%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2028
- GCC Countries
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- Israel
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- Rest of Middle East
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- Africa
- Market Share Analysis, By Country, 2022 and 2028 (%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2028
- Northern Africa
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- Central Africa
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
- South Africa
- Country Trends
- Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
- Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
7. Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- E. & J. Gallo Winery
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Concha y Toro
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- The Wine Group
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Bacardi Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Constellation Brands
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Pernod Ricard
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Treasury Wine Estates
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Caviro
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Grupo Penaflor
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Analyst Views
8. Section
- References
- Research Methodology
- About us and Sales Contact
