PUBLISHER: Grand View Research | PRODUCT CODE: 1789991
PUBLISHER: Grand View Research | PRODUCT CODE: 1789991
Europe Wine Market Summary
The Europe wine market size was estimated at USD 231.29 billion in 2024 and is expected to reach USD 421.26 billion by 2033, growing at a CAGR of 7.0% from 2025 to 2033. The Europe wine industry is growing steadily, driven by a combination of cultural heritage, evolving consumer preferences, and emerging lifestyle trends.
Wine has long been deeply embedded in European culture, particularly in countries like France, Italy, Spain, and Portugal, where it is traditionally consumed as part of daily meals. While overall per capita consumption has seen slight declines in some older markets due to aging populations and health consciousness, the broader wine market continues to expand due to diversification in product offerings and changing consumption habits.
One key reason Europeans are increasingly interested in wine consumption is the rise of premiumization and experiential drinking. Consumers are shifting toward higher-quality wines, often opting for organic, biodynamic, and region-specific labels. This trend is particularly strong among younger and urban populations who value authenticity, sustainability, and craftsmanship. Wine tourism has also contributed to this interest, with regions like Bordeaux, Tuscany, and Rioja attracting visitors who develop a deeper appreciation for local wines and continue their consumption post-travel.
Moreover, the growth of e-commerce and direct-to-consumer platforms has made wine more accessible than ever before. Online wine clubs, subscription models, and digital wine education tools are helping consumers explore new varieties and regions. Retailers are also offering more diverse selections, including natural wines, vegan wines, and low-alcohol or alcohol-free options, catering to modern health and lifestyle trends.
Additionally, wine pairing with food and culinary integration is gaining traction. Europeans are increasingly exploring wine not just as a standalone drink but as a complementary element in gastronomy. This has led to rising consumption in both home settings and the food service industry, particularly in wine bars, fine-dining restaurants, and casual bistros.
Moreover, innovation in packaging, such as canned wine, small bottles, and eco-friendly containers, is attracting younger urban consumers who prioritize convenience and environmental responsibility. The rise of digital wine sales and subscription platforms has also expanded accessibility, especially post-COVID-19, as more consumers turn to online channels for discovering and purchasing wine. For instance, in March 2025, Aldi removed the protective aluminum and plastic sleeves from the corks of its own-label wines in the UK, making it the first supermarket in the country to do so. This change will be implemented across all 46 Aldi-branded corked wine lines, including popular varieties like Cotes du Rhone and Rioja Reserva, by the end of 2025. The initiative is expected to eliminate around 38 tonnes of unnecessary packaging annually, supporting Aldi's broader commitment to sustainability and reducing waste while maintaining product quality.
Europe Wine Market Report Segmentation
This report forecasts volume & revenue growth at regional and country levels and provides an analysis of the latest trends and opportunities in each sub-segment from 2021 to 2033. For this study, Grand View Research has segmented the Europe wine market report based on product, distribution channel, and country: