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World - Wine - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

World - Wine - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Jan 18, 2023

Wine Market Benefits from Changing Millennials' Consuming Preferences

Global wine market overview

The global wine market is expected to reach $165 billion in 2030, growing with a CAGR of +4.5% from 2022 to 2030. The major drivers of the market are the growing preference for premium wines, the health benefits associated with moderate wine consumption, and the increasing disposable incomes in developing countries.

The global wine market is highly competitive, with producers vying for market share in a number of key regions. In Europe, France and Italy are the two largest producers, followed by Spain and Portugal. Chile and Argentina are the leading South American producers, while Australia and New Zealand are the major players in the Oceania region.

The United States is the world's largest wine market, with California accounting for the lion's share of production. Other important wine-producing states include Oregon, Washington and New York.Canada is a significant player in the global wine market, with Ontario being the largest producing province. Quebec and British Columbia are also important wine-producing regions.

Some of the key players in the global wine market are E&J Gallo Winery, Treasury Wine Estates, Constellation Brands, Inc., The Boston Beer Company, Inc., and Pernod Ricard SA.

Key drivers of the global wine market

The global wine market is growing at a healthy clip, with consumption rising steadily each year. The top wine-producing countries are seeing strong demand for their products, as more and more consumers develop a taste for this popular beverage.

The major factors driving the growth of the wine market are the growing preference for wine among millennials, health benefits associated with moderate wine consumption, continuing urbanization and the rise in disposable incomes.

Millennials are the largest consumer group of wine and are expected to remain so in the coming years. They are more likely than any other age group to drink wine on a weekly basis and are willing to spend more on premium and luxury wines.

According to popular consumer belief, wine consumption has health benefits. This is another important factor in the development of the global wine market. Wine is rich in antioxidants and has been linked to a number of health benefits, such as reducing the risk of heart disease and stroke, lowering cholesterol levels, and protecting against cognitive decline.

Finally, the rise in disposable incomes is also driving growth in the global wine market. As consumers have more money to spend, they are increasingly turning to premium and luxury wines. In addition, the growth of online retailing has made it easier and more convenient for consumers to purchase wine from around the world.

The world's population is becoming increasingly urbanized, with more people living in cities than ever before. This trend is especially pronounced in Asia, where many countries are experiencing rapid economic growth and urbanization. As more people move to cities and enter the middle class, they're looking for ways to enjoy a sophisticated lifestyle, and wine is often seen as a symbol of luxury.

There's also been a boom in "social drinking," as consumers increasingly drink wine not just for its taste but also for its ability to facilitate social interactions. Wine bars and restaurants are popping up all over the world, and people are enjoying wine with friends and family members more than ever before.

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Wine market restraints and opportunities

The most notable restraint is the declining popularity of wine in developed markets such as Europe and North America. There is no denying that the popularity of wine has been declining in developed markets for some time now. This is evident in the sales figures of many leading wine producers, which have been steadily dropping over the past few years. There are a number of factors behind this trend, chief among them being the growing health consciousness of consumers and the rise of alternative drinks such as craft beer and spirits.

Another major restraint on the growth of the global wine market is the high taxation levied on alcohol products in many countries. This makes wine an expensive product, which deters consumers from purchasing it. In addition, stringent regulations regarding alcohol advertising and sales also restrict the growth of the global wine market.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global wine market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 564 - Wine

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Vina Concha y Toro S.A., Remy Cointreau SA, EJ Gallo, Constellation Brands, The Wine Group, Treasury Wine Estate, Vina Concha Y Toro, Castel Freres, Accolade Wines, Pernod Ricard, Grupo Penaflor, Fecovita Co-op, The Carlyle Group Inc., Brown-Forman Corporation, Thai Beverage PCL, Charmtex PTY Ltd, Endeavour Group Limited, Queensland Property Investments PTY Ltd, Pinnacle Wines PTY Limited, Anheuser-Busch, Dorrien Estate Winery PTY Ltd

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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