Wine Market Demand & Competition with Product Portfolio, Type Wise Analysis on Price Range2032
The global wine market is set to witness growth at a CAGR of 5.5% over the forecast period (20222032) and top a valuation of US$ 632 Bn by 2032.
Surging number of retail stores has improved accessibility of wine, allowing consumers to shape and
design their home bars. Besides this, clubs have been gaining traction owing to the latest trend of
personalization.
Along with this, the increasing spending capacity of the growing population for the premium wine
brands is expected to fuel the demand for wine in the next few years.
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Alcoholic beverages are made from fermenting malt, wheat, molasses fruits, botanicals.
Fermentation and distillation is done on the basis of type of drink to be made. Beer and wines are
not distilled while spirits are manufactured by distillation of fermented base. There are different
procedures of distillations to obtain different type of drinks. These include steeping method,
percolation method, and others.
Furthermore, a gradual increase in the party culture has been notice over the past few years which
has contributed significantly to the market growth. Alongside this, peer pressure among students
and adults and the influence of social media are convincing the consumers to experiment new drinks
with different flavours.
A consistent growth is being observed since the past few years, especially for low ABV (alcohol by
volume) drinks. Owing to this, the sales of low-alcohol or non-alcoholic wines is expected to escalate
in the near future. This can be attributed to the rising interest of health-conscious consumers in
drinks with low alcohol content and a wider choice of new flavored wines with improved taste. Due
to the above factors, the demand for wine is predicted to surge over the forecast period (20222032).
Key Takeaways from Market Study

Europe is expected to dominate the global market, accounting a share of about 32% by
2022, followed by North America

The U.S. is expected to account for the dominant share of nearly 80% of the North America
wine market

Rising party culture among millennials in different regions across the globe is predicted to
result in surging demand for wine and other alcoholic beverages during the assessment
period (2022-2032)

By product type, still wine is expected to account for the maximum share of the global
market by 2022 end

Sales via online channels are expected to show an impressive growth as compared to all the
other channels over the assessment period (2022-2032)
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“The demand for wine is increasing globally because of the growing consumption by the millennial
population and the trending party culture which is expected to fuel the demand for wine,” says a
Future Market Insights analyst.
Competitive Landscape
Various market players are adopting different marketing and promotional strategies such as
partnerships, collaboration, merger and acquisitions, new product launches and geographical
expansion. This is to cater the needs of the consumers and serve accordingly, thus, creating a larger
customer base in the next few years.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global wine market,
presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on product type (sparkling wine, still wine, fortified wine,
and vermouth), flavor (red wine, white wine and rose wine), pricing (mass and premium), and
distribution channel (direct and indirect) across seven (North America, Latin America, Europe, East
Asia, South Asia, Oceania and Middle East & Africa) major regions of the world.
About Food & Beverage Division at Future Market Insights
The Food & Beverage team at Future Market Insights provides all the necessary insights and
consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a
catalog of more than 500 reports pertaining to the latest statistics and analysis from the food &
beverage industry, the team is happy to help with every business intelligence research and
consulting requirement.