Global Wine Market

Wine Market Size, Share, Growth Analysis, By Type(Sparkling, Still, Others), By Flavours(Red, White, Rose), By Price Range(US$ 5, US$ 5-10, US$ 10-15, above US$ 15), By Distribution Channel(Hypermarkets/ Supermarkets, Convenience Stores, Specialty Stores, Pubs/Bars/ Restaurants), By Source(Organic Wine, Conventional Wine), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30F2042 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 147 | Figures: 78

Wine Market Competitive Landscape

Existence of multiple important competitors in the industry, the competitive landscape of this market is somewhat fragmented. The market is distinguished by the presence of a few well-established businesses as well as numerous small and medium-sized players. Mergers, acquisitions, and collaborations have happened between wineries all over the world. For example, Familia Torres, a Spanish liquor maker, expanded Priorat wine line with the release of a new sumptuous red wine in 2021.

Wine Market Top Player's Company Profiles

  • E & J Gallo Winery
  • Constellation Brands
  • The Wine Group
  • Treasury Wine Estates
  • Pernod Ricard
  • Diageo
  • Accolade Wines
  • Concha y Toro
  • Viña Concha y Toro
  • Castel Group
  • Bronco Wine Company
  • Trinchero Family Estates
  • Kendall-Jackson
  • Treasury Wine Estates
  • Torres
  • Bacardi Limited
  • LVMH Moët Hennessy - Louis Vuitton SE
  • Remy Cointreau
  • Baron Philippe de Rothschild SA
  • Jackson Family Wines

Wine Market

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Wine Market size was valued at USD 263.8 billion in 2019 and is poised to grow from USD 296.6 billion in 2023 to USD 444.5 billion by 2031, growing at a CAGR of 5.95% in the forecast period (2024-2031).

Existence of multiple important competitors in the industry, the competitive landscape of this market is somewhat fragmented. The market is distinguished by the presence of a few well-established businesses as well as numerous small and medium-sized players. Mergers, acquisitions, and collaborations have happened between wineries all over the world. For example, Familia Torres, a Spanish liquor maker, expanded Priorat wine line with the release of a new sumptuous red wine in 2021. 'E & J Gallo Winery', 'Constellation Brands', 'The Wine Group', 'Treasury Wine Estates', 'Pernod Ricard', 'Diageo', 'Accolade Wines', 'Concha y Toro', 'Viña Concha y Toro', 'Castel Group', 'Bronco Wine Company', 'Trinchero Family Estates', 'Kendall-Jackson', 'Treasury Wine Estates', 'Torres', 'Bacardi Limited', 'LVMH Moët Hennessy - Louis Vuitton SE', 'Remy Cointreau', 'Baron Philippe de Rothschild SA', 'Jackson Family Wines'

As the wine production and consumption have grown rapidly in recent decades, resulting in an increasing consumption pattern. Social interactions, modernization, and the rising acceptance of Western culture are some of the reasons that are driving alcohol socialization among consumers today. 

Product Premiumization to Aid Market Expansion: Wine is closely connected with the rich and opulent lifestyle. Consumers in the major developed economies are interested in purchasing a selection of high-quality items on the market. Manufacturers are emphasising the launch of various premium and sensor brands in the market as customers become "wine connoisseurs"- experts in the assessment of taste. Premiumization is an element of continuous consumer trends, generating long-term income from across the world. 

The Wine Market is divided into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa (MEA).

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Global Wine Market

Report ID: SQMIG30F2042

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