Store - Grapes
The grape industry is one of the most important industries in the world. It is responsible for the production of wine, which is a staple in many cultures. The grape industry is worth billions of dollars and employs millions of people around the globe.
The grape industry is facing some challenges in recent years. Some of these challenges include climate change, disease, and pests. However, the industry is adaptable and has been able to overcome these challenges in the past.
Looking to the future, the grape industry is expected to continue to grow. This growth will be driven by increasing demand for wine globally. The grape industry is well-positioned to meet this demand and continues to be a key driver of the global economy.
The global grape market
The global grape market is expected to reach a value of $47.3 billion by 2024, growing at a CAGR of 5.6% during the forecast period (2019-2024). Grapes are an important type of fruit crop, cultivated worldwide for their sweet taste and nutritional value.
There are two main types of grapes - table grapes and wine grapes. Table grapes are consumed fresh, while wine grapes are used for the production of wines. The demand for both these types of grapes is increasing globally, due to the growing preference for healthy and natural foods.
In terms of value, the table grape segment is expected to grow at a CAGR of 5.9% during the forecast period (2019-2024). This segment is driven by the increasing demand for fresh grapes from regions such as North America and Europe. The wine grape segment is projected to grow at a CAGR of 5.4% during the forecast period (2019-2024), owing to the rising consumption of wines in countries such as France, Italy, and Spain.
The Asia-Pacific region is expected to be the fastest-growing market for grapes during the forecast period (2019-2024). The increasing disposable incomes and changing lifestyles in countries such as China, India, and Japan are resulting in the growing demand for grapes in this region.
The North American grape market
The North American grape market is the largest in the world, with an estimated value of $4.2 billion in 2018. The United States accounts for the majority of this market share, at $3.6 billion, followed by Canada at $540 million. Mexico is the third-largest market for grapes in North America, with an estimated value of $160 million.
Grapes are grown commercially in all 50 states of the United States and in every Canadian province. The top five producing states in the US are California, Washington, New York, Oregon, and Michigan. California alone produces more than 80% of the grapes grown in the US.
The North American grape industry is highly competitive, with a large number of growers and suppliers vying for market share. The top three producers – E & J Gallo Winery, Constellation Brands, and The Wine Group – account for more than 50% of the US market.
Grape production in North America is forecast to grow at a compound annual rate of 2.5% from 2018 to 2022, driven by increasing demand from wine producers and consumers alike.
The European grape market
The European grape market is one of the most important markets for grapes in the world. It is estimated that the market is worth around €1.4 billion. The main countries that make up the market are France, Italy, Spain, and Portugal. These four countries account for more than 80% of the total value of the market.
Grapes are an important part of European culture and have been grown in the region for thousands of years. The climate in Europe is well suited to grape production and many different varieties of grape are grown across the continent.
The European grape market is highly competitive, with a large number of producers competing for sales. Prices can vary significantly depending on factors such as variety, quality, and supply and demand conditions in individual countries.
There has been a trend in recent years for consumers to move away from traditional table wines and towards premium and super-premium wines. This has driven up prices at the higher end of the market and led to increased competition among producers.
The European grape market is expected to continue to grow in value in the coming years as consumer demand increases.
The Asia-Pacific grape market
The Asia-Pacific grape market is expected to grow at a CAGR of 5.5% during the forecast period (2019-2024).
The demand for grapes in the Asia-Pacific region is increasing due to the changing lifestyles of people and the growing health consciousness. Grapes are an excellent source of vitamins, minerals, and antioxidants, which are essential for good health. They are also low in calories and fat, making them an ideal fruit for people who are looking to lose weight or maintain their weight.
The Asia-Pacific region is a major producer of grapes, accounting for around 35% of global production. The major producing countries in the region include China, India, Australia, and South Africa. China is the largest producer as well as consumer of grapes in the world. Indian grape producers are focused on increasing their export share to other countries in the Asia-Pacific region such as Japan and South Korea.
The prices of grapes vary depending on the type and quality of the fruit. For example, red grapes are usually more expensive than green grapes because they contain higher levels of antioxidants. Organic grapes are also typically more expensive than non-organic grapes.
The Latin American grape market
The Latin American grape market is expected to grow at a compound annual growth rate of 4.5% between 2016 and 2024, reaching a value of $17.6 billion by 2024. The main drivers of this growth are expected to be the increasing demand for grapes from China and other Asian markets, as well as the continued expansion of vineyards in Latin America.
Grapes are grown in all of Latin America's major wine-producing countries, with Chile, Argentina, Brazil, and Mexico accounting for the majority of production. In recent years, there has been a shift towards premiumization in the region, with consumers increasingly willing to pay more for higher-quality wines. This has resulted in strong growth for premium wines from Chile and Argentina in particular.
Looking ahead, the Latin American grape market is poised for further growth as consumer incomes rise and demand for premium wines continues to increase.
The Middle Eastern & African grape market
The grape market in the Middle East and Africa is expected to grow at a compound annual growth rate (CAGR) of 5.2% during the forecast period (2019-2024). The major factors driving the growth of the grape market in this region are the growing disposable incomes, changing lifestyles, and health consciousness among consumers. The presence of a large number of smallholder farmers and the lack of an organized retail sector are some of the significant challenges faced by the industry players in this region.
Grapes are native to the Middle East and Africa region, with Egypt being one of the leading producers in the world. The countries in this region export grapes to several developed countries, such as Europe and North America. South Africa is another leading country in terms of production as well as exports. The increasing demand from these importing countries is one of the key factors driving the growth of the grape market in this region.
This report provides an in-depth analysis of the grape market in Asia-Pacific.
This report provides an in-depth analysis of the grape market in Europe.
This report provides an in-depth analysis of the grape market in CIS.
This report provides an in-depth analysis of the grape market in Asia.
This report provides an in-depth analysis of the grape market in Australia and Oceania.
This report provides an in-depth analysis of the grape market in Latin America and the Caribbean.
This report provides an in-depth analysis of the grape market in Northern America.
This report provides an in-depth analysis of the grape market in Africa.
This report provides an in-depth analysis of the grape market in MENA.
This report provides an in-depth analysis of the grape market in Central Asia.