Wine Market by Product Type, Color Type, and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast, 2022 - 2028

Wine Market by Product Type, Color Type, and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast, 2022 - 2028

Wine is an alcohol based drink that is usually made from grapes and is mainly directly consumed, while also extending its use for cooking purpose and religious rites. The changing consumer lifestyle and the growing awareness of the health benefits of wine has further led many consumers shift from beer and spirit based drinks to wine. The calorie content in beer is about 1.3 times more than that of wine resulting in many calorie and health conscious consumers shifting from beer to wine.
Although the major consumer base stands to be the middle and older age group, there is a growing demand amongst the millennial which is further helping the market to grow. In the US, over 80% of the millennial population and 75% of the Gen X population prefer dining outside compared to around 70% for the baby boomers. It is also noticed that the percentage of wine drinkers for millennials has increased by over 10.5% compared to just 5.5% for baby boomers showcasing a gradual shift in target customer group.
Market Dynamics
In terms of revenue, the wine market is expected to expand at a CAGR of over 3.23% during the forecast period (2017 - 2028). According to a study conducted by Coherent Market Insights, the still wine segment is estimated to reach $255.66 billion by the end of 2017. The demand for fortified wine is expected to increase while sparkling wine stands to be the fastest growing segment over the forecast period. For instance, demand for new flavors such as marijuana infused wine and people opting for strong alcohol content are helping the market for fortified wine to grow.   However, rising import duties in countries such as Australia and Russia and economic instability will act as a major hindrance in the market during the forecast period. For instance, the price of wine increased by 3% in UK, an increase by around 1% over the past two years post Brexit. 
Market Taxonomy
The wine market is segmented on the basis of product type and color. Both red and white wine will continue to witness surge in sales owing to the changing lifestyle patterns, ordering wine at social gatherings, the health benefits associated with it and different activities carried out by the government to promote the wine industry. Although Europe contributed over 63% of the global wine consumption in 2021, APAC stands to be the fastest growing market and is forecasted to grow at a CAGR of around 7% followed by Latin America with CAGR of 5%.
Key features of the study:

This report provides in-depth analysis of wine market and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global wine market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans
Key companies covered as a part of this study include E. & J. Gallo Winery, Concha y Toro, The Wine Group, Bacardi Limited, Constellation Brands, Pernod Ricard, Treasury Wine Estates, Caviro, Grupo Penaflor. 
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, market expansion and marketing tactics
The wine market report caters to various stakeholders in this industry including investors, suppliers, wine manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the wine market

Detailed Segmentation:

Global Wine Market, By Product Type:

Still wine
Sparkling wine
Fortified wine

Global Wine Market, By Color:

Red Wine
White Wine
Rose Wine

Global Wine Market, By Geography:

North America

U.S.

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

Canada

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

Europe

U.K.

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

Germany

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

Italy

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

France

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

Spain

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

Russia

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

Rest of Europe

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

Asia-Pacific

China

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

India

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

Japan

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

ASEAN

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

Australia

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

South Korea

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

Rest of Asia Pacific

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

Latin America

Brazil

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

Argentina

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

Rest of Latin America

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

Middle East

GCC Countries

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

Israel

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

Rest of Middle East

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

Africa

Northern Africa

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

Central Africa

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

South Africa

By Product Type:

Still wine
Sparkling wine
Fortified wine

By Color:

Red Wine
White Wine
Rose Wine

Company Profiles

E. & J. Gallo Winery *

Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans

Concha y Toro
The Wine Group
Bacardi Limited
Constellation Brands
Treasury Wine Estates
Caviro
Grupo Penaflor

 “*” marked represents similar segmentation in other categories in the respective section.


1. Research Objective and assumption
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet By Product Type
Market Snippet By Color
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New Product Approvals/Launch
Cost Tier Down Analysis
4. Global Wine Market, By Product Type, 2017 - 2028 (USD Billion)
Introduction
Market Share Analysis, 2022 and 2028 (%)
Y-O-Y Growth Analysis, 2017 - 2028
Segment Trends
Still Wine
Introduction
Market Size and Forecast, and Y-O-Y Growth, 2017 - 2028, (USD Billion)
Sparkling Wine
Introduction
Market Size and Forecast, and Y-O-Y Growth, 2017 - 2028, (USD Billion)
Fortified Wine
Introduction
Market Size and Forecast, and Y-O-Y Growth, 2017 - 2028, (USD Billion)
5. Global Wine Market, By Color Type, 2017 - 2028 (USD Billion)
Introduction
Market Share Analysis, 2022 and 2028 (%)
Y-O-Y Growth Analysis, 2017 - 2028
Segment Trends
Red Wine
Introduction
Market Share Analysis, 2022 and 2028 (%)
Y-O-Y Growth Analysis, 2017 - 2028
White Wine
Introduction
Market Size and Forecast, and Y-O-Y Growth, 2017 - 2028, (USD Billion)
Rose Wine
Introduction
Market Size and Forecast, and Y-O-Y Growth, 2017 - 2028, (USD Billion)
6. Global Wine Market, By Regions, 2017 - 2028 (USD Billion)
Introduction
Market Share Analysis, By Region, 2022 and 2028 (%)
Y-O-Y Growth Analysis, For Regions, 2017 - 2028
North America
Market Share Analysis, By Country, 2022 and 2028 (%)
Y-O-Y Growth Analysis, By Country, 2017 - 2028
U.S.
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
Canada
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
Europe
Market Share Analysis, By Country, 2022 and 2028 (%)
Y-O-Y Growth Analysis, By Country, 2017 - 2028
U.K.
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
Germany
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
Italy
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
France
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
Spain
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
Russia
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
Rest of Europe
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
Asia Pacific
Market Share Analysis, By Country, 2022 and 2028 (%)
Y-O-Y Growth Analysis, By Country, 2017 - 2028
China
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
India
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
Japan
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
ASEAN
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
Australia
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
South Korea
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
Rest of Asia Pacific
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
Latin America
Market Share Analysis, By Country, 2022 and 2028 (%)
Y-O-Y Growth Analysis, By Country, 2017 - 2028
Brazil
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
Argentina
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
Rest of Latin America
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
Middle East
Market Share Analysis, By Country, 2022 and 2028 (%)
Y-O-Y Growth Analysis, By Country, 2017 - 2028
GCC Countries
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
Israel
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
Rest of Middle East
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
Africa
Market Share Analysis, By Country, 2022 and 2028 (%)
Y-O-Y Growth Analysis, By Country, 2017 - 2028
Northern Africa
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
Central Africa
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
South Africa
Country Trends
Market Size and Forecast, By Type, 2017 - 2028 (USD Billion)
Market Size and Forecast, By Color, 2017 - 2028 (USD Billion)
7. Competitive Landscape
Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
E. & J. Gallo Winery
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Concha y Toro
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
The Wine Group
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Bacardi Limited
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Constellation Brands
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Pernod Ricard
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Treasury Wine Estates
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Caviro
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Grupo Penaflor
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Analyst Views
8. Section
References
Research Methodology
About us and Sales Contact
*Browse 200* market data tables and 180* figures on “Global Wine Market - Global forecast to 2028”.

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