Market Insights and Analysis: Global 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. The predominant driving factor for market growth is the extensive acceptance of Western influences and cross-cultural patterns.

Top leading companies in the Global 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.).

Global Wine Market Challenge:

Consumer Drift towards Alternative Alcoholic Drinks – The available economic pricing of different alcoholic beverages, including liqueurs, spirits, beer, and others has led to a gradual change in consumer preferences. The potential for a market setback looms as there is a noticeable trend of consumers gradually shifting their preferences towards other alcoholic beverages. This diversion in consumer choice poses a significant challenge to the current market leaders and products, signaling a need for industry players to adapt their strategies to retain market share and relevance in the evolving landscape of alcoholic beverage consumption. Thus, market growth will be hindered in the upcoming years due to a shift towards alternative alcoholic beverages.

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Report Segmentation:

The market is categorized into the following segments in the report:

By Type

-Still Light Grape Wine- Market Size & Forecast 2019-2030, (Million Liters)

-Still White Wine- Market Size & Forecast 2019-2030, (Million Liters)

-Still Rose Wine- Market Size & Forecast 2019-2030, (Million Liters)

-Still Red Wine- Market Size & Forecast 2019-2030, (Million Liters)

-Sparkling Wine- Market Size & Forecast 2019-2030, (Million Liters)

-Champagne- Market Size & Forecast 2019-2030, (Million Liters)

-Prosecco- Market Size & Forecast 2019-2030, (Million Liters)

-Cava- Market Size & Forecast 2019-2030, (Million Liters)

-Others (Asti Spumante, Crémant, etc.)- Market Size & Forecast 2019-2030, (Million Liters)

Non-Grape Wine- Market Size & Forecast 2019-2030, (Million Liters)

-Rice Wine- Market Size & Forecast 2019-2030, (Million Liters)

-Plum Wine- Market Size & Forecast 2019-2030, (Million Liters)

-Others (Dandelion wine, etc.)- Market Size & Forecast 2019-2030, (Million Liters)

-Fortified Wine- Market Size & Forecast 2019-2030, (Million Liters)

-Port- Market Size & Forecast 2019-2030, (Million Liters)

-Sherry- Market Size & Forecast 2019-2030, (Million Liters)

-Vermouth- Market Size & Forecast 2019-2030, (Million Liters)

-Others (Madeira, Marsala, etc.)- Market Size & Forecast 2019-2030, (Million Liters)

By Distribution Channel

-On-Trade- Market Size & Forecast 2019-2030, (Million Liters)

-Off-Trade- Market Size & Forecast 2019-2030, (Million Liters)

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Global Wine Market Geographic Reach:

The Geographic Reach of the Global Wine Market evaluates the spread and significance of Global 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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