Global Still Wine Market

Still Wine Market Size, Share, Growth Analysis, By Type Outlook(Red Wine, White Wine, Rose Wine), By Distribution Channels(Supermarkets, Wine Shops, Online Retailers and others), By Region - Industry Forecast 2025-2032


Report ID: SQMIG30F2016 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 63 | Figures: 75

Still Wine Market Dynamics

Drivers

Enhancing consumer socialization with alcohol to support market expansion

  • The production and consumption of wine have experienced remarkable growth over the last few decades, which has led to an increase in the pattern of consumption. Today, industrialization, social interactions, and the growing embrace of western culture are some of the elements encouraging alcohol socialization among consumers. The market for low-alcohol beverages is expanding as drinking alcohol is increasingly seen as a sign of social standing. Because to its refreshing appeal and low ABV offerings, it is becoming extremely popular among young people and millennials. In developing nations, it is typically offered as a table drink with everyday cuisine and is primarily connected with a number of occasions. The market will continue to rise as a result of the manufacturers' increased motivation to release and offer novel items.

Platforms for E-Commerce are Growing, Supporting Greater Revenue Generating

  • Throughout the last few years, buying alcohol online has grown in popularity and is anticipated to do so even more in the next years. The advantages are numerous, including easy shopping, prompt home delivery, a variety of offers, and others. Hence, in important markets like the U.K., the U.S., Italy, Spain, and others, the online sales channel is playing a vital role. Online sales in established regions like Europe and North America are anticipated to increase annually by about 15%, according to the Netherlands Ministry of Foreign Affairs. The growth of this channel in Europe climbed by an average of 180% in according to Comité Européen des Entreprises Vins (CEEV). Future growth is additionally anticipated to be supported by the technology developments and enhanced distribution networks in e-commerce.

Restraints

Customers' potential market harm may come from their gradual shift to other alcoholic beverages

  • The market may be hampered by consumers' gradual shift to other alcoholic beverages. The Global developments like the spread of modernity and the rise in booze use have pushed the makers of alcoholic beverages to introduce daring and imaginative new flavours. the steady shift in customer tastes towards different alcoholic drinks such liqueurs, spirits, beer, and others due to their accessibility at reasonable rates. According to American Addiction Centers (AAC), beer, lagers, and cider account for the vast majority of the 400 billion litres of alcohol used annually worldwide. Beer had a 45.5% market share, liquor had a 37.3% share, and this product had the lowest share at 17.2%. Hence, the tendency to turn towards alcoholics in others. drinks is likely to dampen the market growth in the upcoming years. However, the industry players are channelizing their focus towards enticing consumers’ by introducing drinks with various ABV ranges in the market.

Increases the risk of cancer as well as stress

  • Alcohol may have a calming effect by lowering cortisol levels. The mind still has a tendency to stray despite this, though. Like other alcoholic beverages, sparkling wine has been found to increase the tendency to concentrate on unpleasant and negative thoughts. Because of this, most people consume a lot of still wine in an effort to feel better. Many people also reach for a glass of wine after a trying day, but they can expect to face the same challenges the next day. Due to excessive wine intake, people occasionally suffer higher levels of stress. Heart disease can be prevented with the help of sparkling wine. Nonetheless, heavy alcohol use can increase the risk of cancer, especially breast and lung cancer.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Still Wine Market size was valued at USD 264.50 billion in 2022 and is poised to grow from USD 277.46 billion in 2023 to USD 406.82 billion by 2031, growing at a CAGR of 4.90% during the forecast period (2024-2031).

While there are multiple major participants in the industry, the competitive environment is only somewhat fragmented. The Wine Group, John Distilleries, International Beverage Holdings, Distell Group, and Halewood Wines are a few of the top competitors with sizable market shares. The producers are putting their attention into creating fresh formulations and releasing new goods onto the market. For instance, the Spanish liquor manufacturer Familia Torres stated that it would be introducing a brand-new, pleasurable and decadent red wine to complement its existing Priorat wine selection. 'E. & J. Gallo Winery', 'Constellation Brands', 'The Wine Group', 'Treasury Wine Estates', 'Accolade Wines', 'Castel Group', 'Pernod Ricard', 'Concha y Toro', 'Viña Concha y Toro', 'Kendall-Jackson Vineyard Estates', 'Bodegas Torres', 'Trinchero Family Estates', 'Jackson Family Wines', 'Bronco Wine Company', 'Sutter Home Winery', 'Ste. Michelle Wine Estates', 'Barefoot Cellars', 'Francis Ford Coppola Winery', 'Santa Margherita USA', 'Yellow Tail'

The production and consumption of wine have experienced remarkable growth over the last few decades, which has led to an increase in the pattern of consumption. Today, industrialization, social interactions, and the growing embrace of western culture are some of the elements encouraging alcohol socialization among consumers. The market for low-alcohol beverages is expanding as drinking alcohol is increasingly seen as a sign of social standing. Because to its refreshing appeal and low ABV offerings, it is becoming extremely popular among young people and millennials. In developing nations, it is typically offered as a table drink with everyday cuisine and is primarily connected with a number of occasions. The market will continue to rise as a result of the manufacturers' increased motivation to release and offer novel items.

Increasing wine consumption will drive market expansion

Europe region dominated the market since it offers one of the most alluring product ranges. It has long been intertwined with specific cultures and celebrations that use the item as a mark of honour. This is one of the main drivers of market expansion in the region. The European Union consumed 48% of the world's wine in 2021, with an anticipated volume of 118 mhl, according to the International Organization of Vine and Wine (OIV). France continues to be a significant consumer despite the fact that the per capita consumption has been on the decline since the a few years ago. Italy is the second-largest market in the EU. The rising popularity of this product is related to the youthful working population's increased acceptance of low ABV beverages in their busy daily routines. As a result, producers are being encouraged by market demand to release fresh, cutting-edge items.

Still Wine Market size was valued at USD 264.50 billion in 2022 and is poised to grow from USD 277.46 billion in 2023 to USD 406.82 billion by 2031, growing at a CAGR of 4.90% during the forecast period (2024-2031).

While there are multiple major participants in the industry, the competitive environment is only somewhat fragmented. The Wine Group, John Distilleries, International Beverage Holdings, Distell Group, and Halewood Wines are a few of the top competitors with sizable market shares. The producers are putting their attention into creating fresh formulations and releasing new goods onto the market. For instance, the Spanish liquor manufacturer Familia Torres stated that it would be introducing a brand-new, pleasurable and decadent red wine to complement its existing Priorat wine selection. 'E. & J. Gallo Winery', 'Constellation Brands', 'The Wine Group', 'Treasury Wine Estates', 'Accolade Wines', 'Castel Group', 'Pernod Ricard', 'Concha y Toro', 'Viña Concha y Toro', 'Kendall-Jackson Vineyard Estates', 'Bodegas Torres', 'Trinchero Family Estates', 'Jackson Family Wines', 'Bronco Wine Company', 'Sutter Home Winery', 'Ste. Michelle Wine Estates', 'Barefoot Cellars', 'Francis Ford Coppola Winery', 'Santa Margherita USA', 'Yellow Tail'

The production and consumption of wine have experienced remarkable growth over the last few decades, which has led to an increase in the pattern of consumption. Today, industrialization, social interactions, and the growing embrace of western culture are some of the elements encouraging alcohol socialization among consumers. The market for low-alcohol beverages is expanding as drinking alcohol is increasingly seen as a sign of social standing. Because to its refreshing appeal and low ABV offerings, it is becoming extremely popular among young people and millennials. In developing nations, it is typically offered as a table drink with everyday cuisine and is primarily connected with a number of occasions. The market will continue to rise as a result of the manufacturers' increased motivation to release and offer novel items.

Increasing wine consumption will drive market expansion

Europe region dominated the market since it offers one of the most alluring product ranges. It has long been intertwined with specific cultures and celebrations that use the item as a mark of honour. This is one of the main drivers of market expansion in the region. The European Union consumed 48% of the world's wine in 2021, with an anticipated volume of 118 mhl, according to the International Organization of Vine and Wine (OIV). France continues to be a significant consumer despite the fact that the per capita consumption has been on the decline since the a few years ago. Italy is the second-largest market in the EU. The rising popularity of this product is related to the youthful working population's increased acceptance of low ABV beverages in their busy daily routines. As a result, producers are being encouraged by market demand to release fresh, cutting-edge items.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Still Wine Market

Report ID: SQMIG30F2016

$5,300
BUY NOW GET FREE SAMPLE