Market Insights and Analysis: Wine Market Overview and Projections (2024-2030)
The Global Wine Market size was valued at USD 336.03 billion in 2023 & is projected to reach USD 462.2 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.64% during the forecast period, i.e., 2024-30.
Top leading companies in the Wine Market includes:
E & J Gallo, Constellation Brands, The Wine Society, Treasury Wine Estates, Vina Concha Y Toro, Castel Freres, Accolade Wines, Pernod Ricard, Grupo Penaflor, Fecovita Co-Op, Scout and Cellar, Miller Family Wine Company, Boisset Collection, Kendall-Jackson Wine, Bacardi Limited (Martini Brand), Others (VineOh, Australian Vintage Ltd., etc.)
Recent Developments
- 2024: Miller Family Wine Company (MFWC), owned by one of California’s winegrowing families, announced its new national partnership with Republic National Distributing Company (RNDC).
- 2023: The Wine Society launched a fresh assortment of No and Low alcoholic beverages curated to entice wine enthusiasts.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Type
-Still Light Grape Wine
–Still White Wine
–Still Rose Wine
–Still Red Wine
-Sparkling Wine
–Champagne
–Prosecco
–Cava
–Others (Asti Spumante, Crémant, etc.)
-Non-Grape Wine
–Rice Wine
–Plum Wine
–Others (Dandelion wine, etc.)
–Fortified Wine
–Port
–Sherry
–Vermouth
–Others (Madeira, Marsala, etc.)
- The Still Light-Grape Wine holds the majority of the market share, owing to its popularity due to its authentic taste & flavor.
By Distribution Channel
-On-Trade
-Off-Trade
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Wine Market Geographic Reach:
The Geographic Reach of the Wine Market evaluates the spread and significance of Wine market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: US, Canada, Mexico
- Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
- Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
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