Wine Market: By Product Type, By Color, and Geography  

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Wine Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Still Wine, Sparkling Wine, Dessert Wine, and Fortified Wine), By Color (Red Wine, Rose Wine, White Wine, and Others), and Region  

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The wine market size was valued at US$ 415.2 billion in 2023 and is expected to grow at a CAGR of 6.2% during the forecast period 2024-2030.owing to the influence of demographic and macroeconomic factors driving the growth of wine consumption in the market. The global market is surging owing to the launch of new products and market players focusing on acquisition and mergers to expand their business to strengthen their position in the market. Based on Product, still wine segment is expected to grow at highest CAGR over the forecast years owing to the increasing adoption of consumers to still wine that is free of carbon dioxide and therefore lacks sparkling and effervescent properties. Europe holds the largest market share of still wine sales of more than 55% while North America takes up 15.2% of total sales of still wine and Asia Pacific 11.3%.

Wine Market Key Developments

  • For instance, in 2015, E. & J. Gallo acquired small wineries to extend its market share in the wine market.
  • In June 2016, Gik which is a Spanish company launched a new wine. The company claims that it is the worlds first blue wine.
  • In 2016, Actor Tituss Burgess launched a new wine under the brand name Pinot Noir.

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Global Wine Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.2%

Largest Market

Europe

Fastest Growing Market

North-America

Wine Market Dynamics

Change in lifestyle, rapid urbanization coupled with increasing wine production in the market by the developing countries and new markets. Moreover, increasing popularity for the wine products and aging population preferring to have wine over hand drinks during social celebrations fuels the growth of the market. However, Heavy taxation, legal regulations by governments and availability of other substitutes for wine would hamper the growth of the market over the forecasted years.

Global Wine Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 415.2 billion

Market CAGR

6.2%

By Product Type

  • Still Wine
  • Sparkling Wine
  • Dessert Wine
  • Fortified Wine

By Color

  • Red Wine
  • Rose Wine
  • White Wine
  • Others

By Region

  • North America
  • Latin America
  • Middle East and Africa
  • Europe
  • Asia Pacific

Key Features of the Report

  • The wine market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about Market entry strategies, regulatory framework, and reimbursement scenarios.
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market.

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Frequently Asked Questions

The global wine market size was valued at US$ 415.2 billion in 2023 and is projected to grow at a CAGR of 6.2% from 2024 to 2030.

The Wine Market Key Players are: Caviro, Concha y Toro, Constellation Brands, Diageo, E&J Gallo, Grupo Penaflor, Johnnie Walker

North America is the fastest region in the Wine Market

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Author

Sravani

Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....

1. Executive Summary
2. Global Wine Market Introduction
2.1. Global Wine Market Taxonomy
2.2. Global Wine Market Definitions
2.2.1. By Product Type
2.2.2. By Color
2.2.3. By Distribution Channels Type
2.2.4. By Region
3. Global Wine Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Wine Market Dynamic Factors - Impact Analysis
3.6. Global Wine Market Competition Landscape
4. Global Wine Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn )
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Wine Market, By Product Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) 
5.1. Still Wine
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn )
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Sparkling Wine
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn )
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Fortified Wine & Vermouth
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn )
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Wine Market, By Color, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn )
6.1. Red Wine
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn )
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Rose Wine
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn )
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. White Wine
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn )
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Global Wine Market, By Distribution Channel Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn )
7.1. On-Trade
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn )
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Off-Trade
7.2.1. Super Markets/Hypermarkets
7.2.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn )
7.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.1.3. Market Opportunity Analysis
7.2.2. Specialty Stores
7.2.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn )
7.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.2.3. Market Opportunity Analysis
7.2.3. Online Retailors
7.2.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn )
7.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3.3. Market Opportunity Analysis
7.2.4. Other Distribution Channels
7.2.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn )
7.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.4.3. Market Opportunity Analysis
8. Global Wine Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030  (Revenue, USD Mn ) 
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn )
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Latin America
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn )
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Europe
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn )
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Asia-Pacific
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn )
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn )
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Wine Market - Opportunity Analysis Index, By Product Type, By Color, By Distribution Channels and Region, 2024 - 2030
9. North America Wine Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) 
9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Still Wine
9.1.2. Sparkling Wine
9.1.3. Fortified Wine & Vermouth
9.2. By Color Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Red Wine
9.2.2. Rose Wine
9.2.3. White Wine
9.3. By Distribution Channels Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.3.1. On-trade
9.3.2. Off-trade
9.3.2.1. Supermarkets/Hypermarkets
9.3.2.2. Specialty Stores
9.3.2.3. Online Retailers
9.3.2.4. Other Distribution Channels
9.4. By Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.4.1. United States
9.4.2. Canada
9.5. North America Wine Market - Opportunity Analysis Index, By Product Type, By Color, By Distribution Channels and By Country 2024 - 2030
9.6. North America Wine Market Dynamics Trends
10. Europe Wine Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) 
10.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Still Wine
10.1.2. Sparkling Wine
10.1.3. Fortified Wine & Vermouth
10.2. By Color Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Red Wine
10.2.2. Rose Wine
10.2.3. White Wine
10.3. By Distribution Channels Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.3.1. On-trade
10.3.2. Off-trade
10.3.2.1. Supermarkets/Hypermarkets
10.3.2.2. Specialty Stores
10.3.2.3. Online Retailers
10.3.2.4. Other Distribution Channels
10.4. By Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.4.1. Germany
10.4.2. United Kingdom
10.4.3. Spain
10.4.4. Italy
10.4.5. France
10.4.6. Russia
10.4.7. Norway
10.4.8. Rest of Europe
10.5. Europe Wine Market - Opportunity Analysis Index, By Product Type, By Color, By Distribution Channels and By Country 2024 - 2030
10.6. Europe Wine Market Dynamics Trends
11. Asia-Pacific Wine Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
11.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Still Wine
11.1.2. Sparkling Wine
11.1.3. Fortified Wine & Vermouth
11.2. By Color Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Red Wine
11.2.2. Rose Wine
11.2.3. White Wine
11.3. By Distribution Channels Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.3.1. On-trade
11.3.2. Off-trade
11.3.2.1. Supermarkets/Hypermarkets
11.3.2.2. Specialty Stores
11.3.2.3. Online Retailers
11.3.2.4. Other Distribution Channels
11.4. By Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.4.1. China
11.4.2. India
11.4.3. Japan
11.4.4. South Korea
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Wine Market - Opportunity Analysis Index, By Product Type, By Color, By Distribution Channels and By Country 2024 - 2030
11.6. Asia-Pacific Wine Market Dynamics Trends
12. Latin America Global Wine Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
12.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Still Wine
12.1.2. Sparkling Wine
12.1.3. Fortified Wine & Vermouth
12.2. By Color Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Red Wine
12.2.2. Rose Wine
12.2.3. White Wine
12.3. By Distribution Channels Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.3.1. On-trade
12.3.2. Off-trade
12.3.2.1. Supermarkets/Hypermarkets
12.3.2.2. Specialty Stores
12.3.2.3. Online Retailers
12.3.2.4. Other Distribution Channels
12.4. By Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Wine Market - Opportunity Analysis Index, By Product Type, By Color, By Distribution Channels and By Country 2024 - 2030
12.6. Latin America Wine Market Dynamics Trends
13. Middle East and Africa Wine Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
13.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Still Wine
13.1.2. Sparkling Wine
13.1.3. Fortified Wine & Vermouth
13.2. By Color Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Red Wine
13.2.2. Rose Wine
13.2.3. White Wine
13.3. By Distribution Channels Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.3.1. On-trade
13.3.2. Off-trade
13.3.2.1. Supermarkets/Hypermarkets
13.3.2.2. Specialty Stores
13.3.2.3. Online Retailers
13.3.2.4. Other Distribution Channels
13.4. By Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.4.1. Middle East
13.4.2. South Africa
13.4.3. Israel
13.4.4. Argentina
13.4.5. Rest of Latin America
13.5. Middle East and Africa Wine Market - Opportunity Analysis Index, By Product Type, By Color, By Distribution Channels and By Country 2024 - 2030
13.6. Middle East and Africa Wine Market Dynamics Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Component & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Bacardi Limited
14.2.2. E. & J. Gallo Winery
14.2.3. Constellation Brands Inc.
14.2.4. Pernod Ricard
14.2.5. Constellation Brands Inc.
14.2.6. The Wine Group LLC
14.2.7. Lagfin S.C.A.
14.2.8. Treasury Wine Estates Limited
14.2.9. Bronco Wine Company
14.2.10. Foley Family Wines
14.2.11. Symington Family Estates
14.2.12. Madeira Wine Company SA
14.2.13. Escalade Wine & Sprirt
14.2.14. Others
15. Research Methodology
16. Key Assumptions and Acronyms

Key Market Players

  • Caviro
  • Concha y Toro
  • Constellation Brands
  • Diageo
  • E&J Gallo
  • Grupo Penaflor
  • Johnnie Walker
  • Smirnoff
  • Treasury Wine Estates
  • The Wine Group

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