Global Premium Wine Market - Industry Trends and Forecast to 2029
- Published Date: 2022-12-22
- Report ID: 143037
- Pages: 225
-
Format:
Short Description
Global Premium Wine Market, By Wine Colour (Red Wine, White Wine, Rose Wine, and Others), Product Type (Still Wine, Fortified Wine, Sparkling Wine, Dessert Wine, and Others), Product Category (Alcoholic Wine and Non-Alcoholic Wine) Flavour (Original, and Flavoured), Ageing Years (18-24 Years, 25-44 Years, 45-64 Years, 65+ Years, 0 Years (Unaged)), Ageing Barrel Type (Oak, Maple, Cedar, Hickory, and Others), Price Range (Premium, Super Premium), Distribution Channel (Store Based Retailers, Online Retailers), Country (U.S., Canada, Mexico, Germany, France, U.K, Italy, Spain, Netherlands, Russia, Denmark, Switzerland, Turkey, Sweden, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, New Zealand, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Ethiopia, UAE, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Definition:
Wine is an alcoholic beverage in which the alcohol is produced naturally through fermentation. Fermentation is the first step in the process, which is carried out by bacteria found on the skin of grapes. After that, a specific strain of yeast is added to the main fermented product to get the desired result. The sugar in grapes is converted to carbon dioxide and ethanol by yeast or bacteria in wine. Wines with a lot of sugar in them have a different taste, and desert wine is one of them. Crushing, alcoholic fermentation, malolactic fermentation, pulling the wine off the lees, stabilisation and ageing, and refining in bottle are the six fundamental processes involved in wine production.
Wine has become widely consumed all around the world. Its success can be ascribed to its reasonable prices and excellent taste. The beverage has gained immense popularity as it is affordable and available to consumers, regardless of their location, thanks to online sales. In addition, digital communication technologies have improved the shopping experience for many varieties of wine. The off-trade distribution channel has the greatest Global penetration.
Market Segmentation:
Global premium wine market is categorized into eight notable segments which are based on by wine colour, product type, product category, flavour, ageing years, ageing barrel type, price range, and distribution channel.
On the basis of wine color, the global premium wine market is segmented into red wine, white wine, rose wine, and others. Red wine is further segmented into full-bodied red wines, medium-bodied red wines, and light-bodied red wines.
On the basis of product type, the global premium wine market is segmented into still wine, fortified wine, sparkling wine, dessert wine, and others. Dessert wine is further segmented into lightly sweet dessert wine, richly sweet dessert wine, and sweet red wine
On the basis of product category, the global premium wine market is segmented into alcoholic wine, and non-alcoholic wine. Non-alcoholic wine is further segmented into alcohol by volume (ABV)%
On the basis of flavor, the global premium wine market is segmented into original, and flavored. Flavored is further segmented into fruits, berries, spices, floral, herbal, honey, maple, caramel, chocolates, and vanilla
On the basis of ageing years, the global premium wine market is segmented into 18-24 years, 25-44 years, 45-64 years, 65+ years, 0 years (unaged)
On the basis of ageing barrel type, the global premium wine market is segmented into oak, maple, cedar, hickory, and others
On the basis of price range, the global premium wine market is segmented into premium, and super premium
On the basis of distribution channel, the global premium wine market is segmented into store based retailers, and online retailers. Store based retailers are further segmented into convenience stores, liquor stores, supermarkets/hypermarkets, specialty stores, grocery stores, wholesalers, and others
Market Players
The key market players in global premium wine market are listed below:
Pernod Ricard
E. & J. Gallo Winery
Constellation Brands, Inc.
TREASURY WINE ESTATES
Castel
Via Concha y Toro
Casella
Chteau Cheval Blanc
The Wine Group
Accolade Wines
GRUPO PEAFLOR
Changyu Pioneer Wine Company
Miguel Torres S.A
Sula Vineyards
FETZER
HENSCHKE
Leeuwin Estate Winery
MOUNT MARY VINEYARD
Vins Grands Crus
Rockford
Cullen Wines
Giaconda Marketing Pty Ltd.
BASS PHILLIP
Moss Wood
TABLE OF CONTENTS
1 INTRODUCTION 47
1.1 OBJECTIVES OF THE STUDY 47
1.2 MARKET DEFINITION 47
1.3 OVERVIEW OF GLOBAL PREMIUM WINE MARKET 47
1.4 LIMITATIONS 49
1.5 MARKETS COVERED 49
2 MARKET SEGMENTATION 53
2.1 MARKETS COVERED 53
2.2 GEOGRAPHICAL SCOPE 54
2.3 YEARS CONSIDERED FOR THE STUDY 55
2.4 CURRENCY AND PRICING 55
2.5 DBMR TRIPOD DATA VALIDATION MODEL 56
2.6 MULTIVARIATE MODELLING 59
2.7 WINE COLOUR LIFELINE CURVE 59
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 60
2.9 DBMR MARKET POSITION GRID 61
2.10 MARKET WINE COLOUR COVERAGE GRID 62
2.11 VENDOR SHARE ANALYSIS 63
2.12 SECONDARY SOURCES 64
2.13 ASSUMPTIONS 64
3 EXECUTIVE SUMMARY 65
4 PREMIUM INSIGHTS 68
4.1 IMPORT EXPORT ANALYSIS 71
4.2 INDUSTRY TRENDS AND FUTURE PERSPECTIVES 71
4.3 REGULATORY FRAMEWORK AND GUIDELINES 72
4.3.1 ADVERTISING & PROMOTIONS 72
4.4 TAXATION AND DUTY LEVIES 73
4.5 COMPARATIVE ANALYSIS OF TYPES OF WINE 73
4.6 DEMOGRAPHIC PREFERENCES 76
4.7 BRAND COMPETITIVE ANALYSIS 77
5 PRICING INDEX 78
6 PRODUCTION CAPACITY OF KEY MANUFACTURERS 80
7 GLOBAL PREMIUM WINE MARKET: REGULATIONS 82
8 IMPACT OF ECONOMIC SLOWDOWN ON MARKET 85
8.1 IMPACT ON PRICE 85
8.2 IMPACT ON SUPPLY CHAIN 85
8.3 IMPACT ON SHIPMENT 86
8.4 IMPACT ON COMPANY'S STRATEGIC DECISIONS 86
9 BRAND OUTLOOK 88
9.1 COMPARATIVE BRAND ANALYSIS 88
9.2 PRODUCT VS BRAND OVERVIEW 89
10 MARKET OVERVIEW 90
10.1 DRIVERS 92
10.1.1 GROWING DEMAND FOR WINE OWING TO DIFFERENT HEALTH BENEFITS 92
10.1.2 RISING E-COMMERCE, COURIER, AND WINE DELIVERY SERVICES 93
10.1.3 RISE IN ALCOHOL SOCIALIZATION AMONG CONSUMERS 94
10.2 RESTRAINTS 94
10.2.1 INCREASED COST OF WINE PRODUCTION 94
10.2.2 GRADUAL SHIFT OF CONSUMERS TOWARD OTHER ALCOHOLIC BEVERAGES 95
10.3 OPPORTUNITIES 95
10.3.1 CHANGING LIFESTYLE 95
10.3.2 INCREASING NUMBER OF BARS AND LOUNGES 95
10.3.3 RISING AWARENESS REGARDING OBESITY AND AGING BENEFITS FROM WINES 96
10.4 CHALLENGES 96
10.4.1 HIGH CONSUMPTION LEADING SEVERE HEALTH PROBLEMS 96
10.4.2 LABOUR-INTENSIVE AND TIME-CONSUMING 96
11 GLOBAL PREMIUM WINE MARKET, BY WINE COLOR 98
11.1 OVERVIEW 99
11.2 RED WINE 101
11.2.1 FULL-BODIED 102
11.2.2 MEDIUM-BODIED 102
11.2.3 LIGHT-BODIED 102
11.3 WHITE WINE 102
11.4 ROSE WINE 103
11.5 OTHERS 103
12 GLOBAL PREMIUM WINE MARKET, BY PRODUCT TYPE 104
12.1 OVERVIEW 105
12.2 STILL WINE 108
12.3 SPARKLING WINE 109
12.4 FORTIFIED WINE 109
12.5 DESSERT WINE 110
12.5.1 LIGHT SWEET 110
12.5.2 RICHLY SWEET 110
12.5.3 SWEET RED WINE 110
13 GLOBAL PREMIUM WINE MARKET, BY PRODUCT CATEGORY 111
13.1 OVERVIEW 112
13.2 ALCOHOLIC 114
13.3 NON-ALCOHOLIC 115
13.3.1 0.5% ABV 115
13.3.2 MORE THAN 0.05% ABV 115
13.3.3 0.05% ABV 116
13.3.4 LESS THAN 0.05% ABV 116
14 GLOBAL PREMIUM WINE MARKET, BY FLAVOR 117
14.1 OVERVIEW 118
14.2 FLAVORED 120
14.2.1 FRUITS 121
14.2.1.1 CHERRY 121
14.2.1.2 PEACH 121
14.2.1.3 LEMON 121
14.2.1.4 GREEN APPLE 121
14.2.1.5 ORANGE 121
14.2.1.6 POMOGRANATE 121
14.2.1.7 MELON 122
14.2.1.8 FIG 122
14.2.1.9 MANGO 122
14.2.1.10 PINEAPPLE 122
14.2.1.11 OTHERS 122
14.2.2 BERRY 122
14.2.2.1 CRANBERRIES 122
14.2.2.2 BLUEBERRY 123
14.2.2.3 RASPBERRY 123
14.2.2.4 STRAWBERRY 123
14.2.2.5 OTHERS 123
14.2.3 FLORAL 123
14.2.3.1 ROSE 123
14.2.3.2 HIBISCUS 123
14.2.3.3 OTHERS 123
14.2.4 HERBAL 124
14.2.4.1 SMOKED TOBACCO 124
14.2.4.2 TRUFFLE 124
14.2.4.3 OTHERS 124
14.2.5 SPICES 124
14.2.5.1 CINNAMON 124
14.2.5.2 NUTMEG 125
14.2.5.3 PEPPER 125
14.2.5.4 GINGER 125
14.2.5.5 CLOVES 125
14.2.5.6 OTHERS 125
14.2.6 CHOCOLATE 125
14.2.7 MAPLE 125
14.2.8 HONEY 125
14.2.9 VANILLA 125
14.2.10 CARAMEL 125
14.3 ORIGINAL 126
15 GLOBAL PREMIUM WINE MARKET, BY AGEING YEARS 127
15.1 OVERVIEW 128
15.2 1-17 YEARS 131
15.3 18-24 YEARS 132
15.4 25-44 YEARS 132
15.5 45-64 YEARS 133
15.6 65+ YEARS 133
16 GLOBAL PREMIUM WINE MARKET, BY AGEING BARREL TYPE 134
16.1 OVERVIEW 135
16.2 OAK 138
16.3 HICKORY 139
16.4 MAPLE 139
16.5 CEDAR 140
16.6 OTHERS 140
17 GLOBAL PREMIUM WINE MARKET, BY PRICE RANGE 141
17.1 OVERVIEW 142
17.2 PREMIUM 144
17.3 SUPER PREMIUM 145
18 GLOBAL PREMIUM WINE MARKET, BY DISTRIBUTION CHANNEL 146
18.1 OVERVIEW 147
18.2 STORE BASED RETAILERS 149
18.2.1 LIQUOR STORES 151
18.2.2 CONVENIENCE STORE 151
18.2.3 SUPERMARKETS/HYPERMARKETS 151
18.2.4 WHOLESALERS 151
18.2.5 SPECIALITY STORES 151
18.2.6 GROCERY STORES 151
18.2.7 OTHERS 152
18.3 ONLINE RETAILERS 152
19 GLOBAL PREMIUM WINE MARKET, BY REGION 153
19.1 OVERVIEW 154
19.2 EUROPE 160
19.2.1 FRANCE 171
19.2.2 ITALY 176
19.2.3 UK 181
19.2.4 GERMANY 186
19.2.5 RUSSIA 191
19.2.6 SPAIN 196
19.2.7 NETHERLANDS 201
19.2.8 SWITZERLAND 206
19.2.9 BELGIUM 211
19.2.10 SWEDEN 216
19.2.11 POLAND 221
19.2.12 DENMARK 226
19.2.13 TURKEY 231
19.2.14 REST OF EUROPE 236
19.3 NORTH AMERICA 237
19.3.1 U.S. 248
19.3.2 CANADA 254
19.3.3 MEXICO 260
19.4 ASIA-PACIFIC 266
19.4.1 CHINA 277
19.4.2 AUSTRALIA 282
19.4.3 JAPAN 287
19.4.4 SOUTH KOREA 292
19.4.5 INDIA 297
19.4.6 THAILAND 302
19.4.7 SINGAPORE 307
19.4.8 VIETNAM 312
19.4.9 NEW ZEALAND 317
19.4.10 MALAYSIA 322
19.4.11 PHILIPPINES 327
19.4.12 REST OF ASIA-PACIFIC 332
19.5 SOUTH AMERICA 333
19.5.1 ARGENTINA 344
19.5.2 BRAZIL 349
19.5.3 REST OF SOUTH AMERICA 354
19.6 MIDDLE EAST AND AFRICA 355
19.6.1 SOUTH AFRICA 366
19.6.2 ETHIOPIA 371
19.6.3 UAE 376
19.6.4 REST OF MIDDLE EAST AND AFRICA 381
20 COMPANY LANDSCAPE 382
20.1 GLOBAL PREMIUM WINE MARKET: COMPANY LANDSCAPE 382
20.1.1 COMPANY SHARE ANALYSIS: GLOBAL 382
20.2 EUROPE PREMIUM WINE MARKET: COMPANY LANDSCAPE 383
20.2.1 COMPANY SHARE ANALYSIS: EUROPE 383
20.3 NORTH AMERICA PREMIUM WINE MARKET: COMPANY LANDSCAPE 384
20.3.1 COMPANY SHARE ANALYSIS: NORTH AMERICA 384
20.4 ASIA-PACIFIC PREMIUM WINE MARKET: COMPANY LANDSCAPE 385
20.4.1 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 385
21 SWOT ANALYSIS 386
22 COMPANY PROFILE 387
22.1 PERNOD RICARD 387
22.1.1 COMPANY SNAPSHOT 387
22.1.2 REVENUE ANALYSIS 387
22.1.3 COMPANY SHARE ANALYSIS 388
22.1.4 PRODUCT PORTFOLIO 388
22.1.5 RECENT DEVELOPMENT 388
22.2 E. & J. GALLO WINERY 389
22.2.1 COMPANY SNAPSHOT 389
22.2.2 COMPANY SHARE ANALYSIS 389
22.2.3 PRODUCT PORTFOLIO 390
22.2.4 RECENT DEVELOPMENTS 390
22.3 CONSTELLATION BRANDS, INC. 391
22.3.1 COMPANY SNAPSHOT 391
22.3.2 REVENUE ANALYSIS 391
22.3.3 COMPANY SHARE ANALYSIS 392
22.3.4 PRODUCT PORTFOLIO 392
22.3.5 RECENT DEVELOPMENTS 392
22.4 TREASURY WINE ESTATES 393
22.4.1 COMPANY SNAPSHOT 393
22.4.2 REVENUE ANALYSIS 393
22.4.3 COMPANY SHARE ANALYSIS 394
22.4.4 PRODUCT PORTFOLIO 394
22.4.5 RECENT DEVELOPMENTS 395
22.5 CASTEL FRRES 396
22.5.1 COMPANY SNAPSHOT 396
22.5.2 PRODUCT PORTFOLIO 396
22.5.3 RECENT DEVELOPMENTS 396
22.6 ACCOLADE WINES 397
22.6.1 COMPANY SNAPSHOT 397
22.6.2 PRODUCT PORTFOLIO 397
22.6.3 RECENT DEVELOPMENTS 398
22.7 BASS PHILLIP WINES 399
22.7.1 COMPANY SNAPSHOT 399
22.7.2 PRODUCT PORTFOLIO 399
22.7.3 RECENT DEVELOPMENT 399
22.8 CASELLA 400
22.8.1 COMPANY SNAPSHOT 400
22.8.2 PRODUCT PORTFOLIO 400
22.8.3 RECENT DEVELOPMENT 400
22.9 CHANGYU 401
22.9.1 COMPANY SNAPSHOT 401
22.9.2 REVENUS ANALYSIS 401
22.9.3 PRODUCT PORTFOLIO 402
22.9.4 RECENT DEVELOPMENT 402
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