Singapore: Still Wine Market and the Impact of COVID-19 on It in the Medium Term
The still wine market in Singapore was equal to 447.00 million USD (calculated in retail prices) in 2015. Until 2025, the wine market in Singapore is forecast to reach 636.01 million USD (in retail prices), thus increasing at a CAGR of 3.75% per annum for the period 2020-2025. This is an increase, compared to the growth of about 3.25% per year, registered in 2015-2019.
The average consumption per capita in value terms reached 82.05 USD per capita (in retail prices) in 2015. In the next five years, it grew at a CAGR of 1.70% per annum. In the medium term (by 2025), the indicator is forecast to speed up its growth and increase at a CAGR of 2.84% per annum.
Based on type, the orange wines are gaining popularity on the market during the last few years, as they developed as an individual segment such as rosé or red. What is more, the interest in red wines and rosé remains prevalent on a global scale, especially when it comes to lighter-style wines with floral scent. As for the white wines, demand witnessed a decline in 2019, owing to the poor harvest in important European regions. While the market for commercial still wines has been experiencing a decline of about 0.2% per year over the last decade, the premium segment has been actually growing. In fact, only 7 of the top 25 still wine markets globally are growing, which is significantly lower, compared to the sparkling wine category.
During the last few years there has been an obvious process of consolidation on the overall wine market. Mergers and acquisitions within the market have been driven mainly by the premiumization trend, as well as by the companies’ aim to expand geographically. One of the recent deals on the global market was the purchase of Outpost, a winery on Napa Valley’s Howell Mountain by AXA Millésimes in 2019. Furthermore, the corporate restructurings involving wine distributors and retailers are also growing.
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This report presents a strategic analysis of the Singaporean still wine market and a forecast for its development in the medium term, taking into account the impact of COVID-19 on it. It provides a comprehensive overview of the market volume and value, dynamics, segmentation, characteristics, main players, prices, international trade, trends and insights, growth and demand drivers, challenges, etc. This is one of the most comprehensive reports about the Singaporean still wine market, offering unmatched value, accuracy and expert insights.
The purpose of the report is to describe the state of the Singaporean still wine market and to present real and expert-verified information about the volumes, values, dynamics, segmentation and characteristics of consumption, prices, imports, and exports. The report also presents a forecast for the market development in the short and medium term and the impact COVID-19 has and will have on it. In addition, the report presents an elaborate analysis of the main market participants, industry trends and insights, growth and demand drivers and challenges and all other factors, influencing the market development.
Questions This Report Answers
The report on the Singaporean still wine market covers:
• Market volume, value and dynamics for the last five years;
• Analysis of the factors, influencing the market development (market trends and insights, drivers and challenges) and the impact COVID-19 has and will have on the market in both the short and the medium term;
• Value chain analysis and structure of price formation;
• Analysis of retail price levels and their dynamics for the last five years;
• Analysis of the major international trade flows;
• Volume, value, dynamics, and analysis of imports for the last five years;
• Volume, value, dynamics, and analysis of exports for the last five years;
• Volume and dynamics of the average import and export prices for the last five years;
• Volume, value, dynamics, and analysis of per capita consumption for the last five years;
• Forecast for market development in the medium term;
• Characteristics of the main players on the market;
• Analysis of the competitive landscape;
• Importance of the HoReCa channel (on-trade vs. off-trade consumption);
• Market shares of the main market players;
• Distribution channels for retail sales;
• Five Forces analysis;
• Analysis and forecast for the global economy and demographics.
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With the help of this report you can:
• Discover reliable and expert-verified market data, with which you can confidently make smarter business decisions and drive your business forward;
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• Track and identify key market trends and insights and key drivers behind recent market changes and see the impact COVID-19 has and will have on the market in both the short and the medium term;
• Strategically assess growth potential, opportunities, demand drivers and challenges on the market;
• Strategically assess the importance of the HoReCa channel on the market;
• Discover the importance of each distribution channel for the retail market;
• Build and execute upon a strong strategy based on verified market data and expert insights;
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This report presents data, which is:
• Reliable (the report is prepared using a proven methodology, including both primary and secondary research);
• Expert-verified (the data is cross-checked and confirmed by more than 10 local experts, representatives of the main market players);
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This report presents reliable and real market data, providing valuable support to make important strategic decisions regarding:
• Strategic planning;
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• Regional and country evaluation and opportunity analysis;
• Market entry;
• Market growth;
• Pricing and promotion;
• New product development;
• Sourcing and supply chain management;
• Company evaluation;
• Mergers and acquisitions.
Who Is This Report for?
This report is for people who already are actively working on this market, representatives of producers, distributors, importers, exporters, wholesalers, retailers, suppliers:
• Industry C Level executives;
• Industry strategists;
• Marketing professionals;
• Business development professionals;
• Product developers;
• Product marketers and strategists;
• Product managers;
• Project managers;
This report is also for people, not directly or actively involved in the market, representatives of investors, consultants, advisors and financial institutions:
• Management consultants;
• Investment managers;
• Financial professionals;
• Bank managers;
• M&A managers.
This research report has been prepared using the proven WMStrategy’s methodology, including a blend of qualitative and quantitative data. The information comes from official sources and insights from market experts (representatives of the main market participants), gathered by semi-structured interviews. For this particular report, more than 10 market expert interviews have been conducted with experts from the leading market companies (producers, distributors, retailers, suppliers, etc.). The full list of interviewed experts and a detailed methodology are available upon request.
This report covers the following product groups:
• Still wine (including red wine, rose, white wine, grape must; excluding sparkling wine, fortified wine, or non-alcoholic wine).
This is the most valuable, detailed (COVID-19 updated) and comprehensive report about the Singaporean still wine market currently available! We also offer similar reports, covering every global country and region separately and offer special terms for bundle purchases. So, if you are interested in the Singaporean still wine market, this research report will provide you with reliable, expert-verified and real market data you can safely and confidently base your decisions on. In a quick and hassle-free way, it will provide you with a strategic analysis of the market, its recent and future development. In addition, this solution will save you time and money while presenting you all the necessary information, empowering you to make informed commercial decisions and move your business forward!
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