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Wine Market Size, Industry Share, Analysis, Report and Forecast 2022-27

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Wine Market Size, Industry Share, Analysis, Report and Forecast 2022-27

September 28
14:50 2022
Wine Market Size, Industry Share, Analysis, Report and Forecast 2022-27
The global wine market size reached US$ 430.54 Billion in 2021 and is expected to reach US$ 605.22 Billion by 2027, exhibiting a CAGR of 5.70% during 2022-2027.

The latest research study “Wine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global wine market reached a value of US$ 430.54 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 605.22 Billion by 2027, exhibiting a CAGR of 5.70% during 2022-2027.

Wine is a brewed alcoholic beverage produced by harvesting, pressing, crushing, fermenting, and distilling grape juice. During its aging process, numerous additional condiments, including water, sulfur dioxide, potassium sorbate, calcium carbonate, aromatics, and metabisulfite, are added to the product to inhibit enzymatic browning and microbial growth. It is broadly classified into the still, dessert, rose, sparkling, and fortified product types. It is rich in antioxidants that help regulate blood sugar levels, lower bad cholesterol, prevent cardiovascular diseases (CVDs), and reduce depression and anxiety. As a result, wine finds extensive applications for direct consumption and as a key ingredient to intensify the flavor and aroma of various dishes across the globe.

Request to Get the Sample Report: https://www.imarcgroup.com/wine-market/requestsample

Covid-19 Impact: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The industry is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.

Market Trends and Drivers: 

The global wine market is primarily driven by the increasing consumption of various alcoholic beverages due to the emerging trend of socializing in socio-cultural environments. Moreover, the introduction of marijuana-infused, low-calorie wines in innovative flavors to provide a better drinking experience to consumers is positively influencing the market growth. Additionally, there has been an increase in the premiumization of the drink to cater to the shifting consumer preferences due to rapid urbanization and inflating income levels.

In line with this, the growing use of various biotechnological techniques, such as double-brewing wine using yeast and sugar in a two-step process to improve product quality, has augmented the product demand. Besides this, the easy availability of wine through online distribution channels and e-commerce platforms is contributing to market growth. Other factors, including ongoing celebrity endorsements, the rising establishment of wineries, escalating awareness amongst consumers regarding the health benefits of wine, and product innovations, are also anticipated to drive the market further.

Click here to view detailed information with table of content: https://www.imarcgroup.com/wine-market

Wine Market Report Scope

Report Coverage

Details

Market size value in 2021

US$ 430.54 Billion

Market forecast in 2027

US$ 605.22 Billion

Growth Rate

CAGR of 5.70% from 2022 to 2027

Base year for estimation

2021

Historical data

2016-2021

Forecast period

2022-2027

Report Segmentation:

The report has segmented the market on the basis of region, product type, color and distribution channel.

Breakup by Product Type:

  • Still Wine
  • Sparkling Wine
  • Fortified Wine and Vermouth

Breakup by Color:

  • Red Wine
  • Rose Wine
  • White Wine

Breakup by Distribution Channel:

  • Off-Trade
  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Stores
  • Others
  • On-Trade

Breakup by Region:

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

Get in Touch With Our Expert Team for Inquire or Further Information: https://www.imarcgroup.com/request?type=report&id=5701&flag=C

List of Major Key Players:

The major players in the market are Accolade Wines, Asahi Group Holdings Ltd., Bacardi Limited, Bronco Wine Company, Castel Frères, Chapel Down Group PLC, Constellation Brands Inc., E. & J. Gallo Winery, Foley Family Wines, Pernod Ricard, The Wine Group and Treasury Wine Estates Limited.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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