PUBLISHER: MarketLine | PRODUCT CODE: 1761663
PUBLISHER: MarketLine | PRODUCT CODE: 1761663
Global Wine industry profile provides top-line qualitative and quantitative summary information including: market share, Market size (value and volume , and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Market.
The wine market consists of the sale of still wine, sparkling wine, and fortified wine. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions used in the creation of this report have been calculated using the constant annual average 2024 exchange rates.
The global Wine market recorded revenues of $305,973.2 million in 2024, representing a negative compound annual growth rate (CAGR) of 1.5% between 2019-24.
Market consumption volumes declined with a negative CAGR of 1.7% between 2019-24, reaching a total of 22,263.1 million liters in 2024.
The global wine market contracted during 2019-24 due to the shifting consumer preferences, with younger demographics increasingly favoring alternative alcoholic beverages such as craft beer and spirits.