Wine Market to reach USD 643.50 Bn at a CAGR of 5.7 percent by 2030- Says Maximize Market Research

May 17 18:14 2024
Wine Market to reach USD 643.50 Bn at a CAGR of 5.7 percent by 2030- Says Maximize Market Research
Wine Market
The Wine Market is experiencing growth driven by the growing proliferation of online sales channel. The Wine Market is segmented into Product Type (Still Wine, Sparkling Wine, Fortified Wine and Vermouth ), Flavor (Red Wine, White Wine, Rose Wine), and Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Retailers, Others) to understand the market in a better way.

Maximize Market Research, a leading Food & Beverages business consultancy and research firm has published a report on the “Wine Market”. The total market opportunity for Wine Market was USD 436.54 Bn in 2023 and is expected to grow at a CAGR of 5.7 percent in the forecast period, reaching USD 643.50 Bn by 2030. As per the report, the global Wine Market is expected to be dominated by the Europe region and expected to grow at a significant growth rate through the forecast period.

Wine Market Report Scope and Research Methodology

Market Size in 2023: USD 436.54 Billion

Market Size in 2030: USD 643.50 Billion

CAGR: 5.7 Percent

Forecast Period: 2024-2030

Base Year: 2023

Number of Pages: 231

No. of Tables: 128

No. of Charts and Figures: 183

Segment Covered: By Product Type, Flavor, and Distribution Channel.

Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Get a Free Sample PDF of this Research Report for more Insights with a Table of Content, Research Methodology, and Graphs

Wine Market Scope and Research Methodology

The quantitative and qualitative study is done with secondary research to understand the market structure and the overall wine industry. This report evaluates all possible factors that influence the market. Furthermore, report considers drivers of market growth at regional and global levels, barriers to future growth, and potential opportunities arising from technological advancements. Percentage splits, market shares, and segment breakdowns are obtained by weighting each segment with respect to its average selling price and utilization rate. SWOT and PESTLE analysis is done to analysis to understand the trends and changes in micro-environments and find out the new opportunities in the market.

Wine Market Overview

The commercial trade of all sorts of wine includes still wine, sparkling wine, and fortified wine, which together forms what is known as the wine market. Wine is widely acceptable as a social beverage and demand for premium wine is increasing, which is driving the wine market globally . Innovations in labelling that provide information about wine origin, production method and consumption limit is attracting peoples. Social media have also helped certain mass-market wines sell better, while smaller boutique wineries have also benefited from consumer trends like the desire for locally made goods and the willingness to pay extra for sustainable farming practices.

Wine Market Dynamics

Studies claim that moderate wine consumption is good for health, reducing the risk of diseases such as heart attacks and beneficial for skin, which is one of the major driver for wine market. Wine more than any other alcoholic drink, fits the demand as consumers move towards products that are perceived as natural and less processed. The general public perceives wine as less processed than other alcoholic beverages. Peoples search for crafted products and new experiences makes the younger generation more and more interested in wine. Social media sites are greatly influencing the choices and practices of younger customers for wine. All these factors are propelling the growth of the wine market.

Wine Market Regional Insights

In 2023, with highest revenue share, the Europe region is expected to continue its dominance in the Wine market throughout the forecast period. It is among the largest producer and consumer market for Wine. Consumption of wine is very high in countries such as Germany, France, Italy, and Spain, because of which the market is growing at a high rate. The health benefits from the wine attracts the young population of the region.The culture in the region has also contributed to the increasing wine market in the region.

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Wine Market Segmentation

By Product Type:

  • Still Wine
  • Sparkling Wine
  • Fortified Wine and Vermouth

By Product Type, the Wine Market is divided into Still wine, Sparkling wine, and Fortified wine and Vermouth. Still Wine dominated the segment in 2023 and expected to continue its dominance in the forecasted period. This is because it is  one of the popular and readily available alcoholic drinks in European countries, where it is commonly served as table liquor. Being associated with a range of occasions and foods, the Still wine is versatile and is consumed purely and in the form of cocktails. The authentic taste and luxurious feel for the consumer have augmented the product’s sales in the international market. All these factor drive the segment growth in the market.

By Flavor:

  • Red Wine
  • Rose Wine
  • White Wine

By Dristibution Channel:

  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Online Retailers
  • Others

Wine Market Key Competitors include:

North America

  • Constellation Brands
  • The Wine Group
  • Jackson Family Wines
  • Bronco Wine Company
  • Maker Wine
  • Trivedi Wine


  • LVMH Moet Hennessy Louis Vuitton
  • Pernod Ricard
  • Bacardi
  • Diageo
  • Gruppo Campari
  • Symington Family Estates
  • Marie Brizard Wine & Spirits

Asia Pacific    

  • Treasury Wine Estates
  • Accolade Wines
  • Indage Vintners
  • Sula Vineyards
  • Grover Zampa Vineyards
  • Chateau Indage Estate Vineyards
  • Kuaijishan Shaoxing Rice Wine Company

Middle East

  • Awash Wine

South America

  • Concha Y Toro Winery
  • Bodega Norton
  • Bodegas Salentein
  • Grupo Peñaflor

Key questions answered in the Wine Market are:

  • Who are the key players in the Wine Market?
  • What is Still Wine?
  • What are the growth drivers in developing countries for the Wine Market?
  • Which segment is expected to witness the fastest growth and why in the Wine Market?
  • What are the factors affecting growth in the Wine Market?
  • Who held the largest market share in the Wine Market?
  • What is the current growth rate of the Wine Market?
  • What are the strategies used by competitors in the Wine Market?
  • What are the challenges for the Wine Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2023)
  • Past Pricing and price curve by region (2018 to 2023)
  • Market Size, Share, Size & Forecast by Different Segments | 2023−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by Component, Deployment Mode, Organization Size and Industry and Region
  • Competitive Landscape – Profiles of selected key players by region in a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Maximize Market Research is leading Consumer Food & Beverages research firm, has also published the following reports:

Jelly Pudding MarketThe market size is expected to reach USD 24.15 Bn by 2030 at a CAGR of 3.10 percent during the forecast period. It is expected to be driven by  increasing demand for snackable treats.

Whipping Cream MarketThe market size is expected to reach USD 1565.91 Mn by 2030 at a CAGR of 7.4 percent during the forecast period. It is expected to be driven by its ease of use and storage and aligns with busy lifestyle of consumers.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical Components and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, Production and demand analysis, and client impact studies.

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