The global Wine market was estimated at 23.6 Billion Litre USD in 2024 with CAGR 1.88% during 2024-2030.
The objective of report is to define, segment, and project the market on the basis of product type, application, and region, and to describe the content about the factors influencing market dynamics, policy, economic, technology and market entry etc.
Global Wine Industry offers strategic assessment of the Global Wine Market 2024-2030. The industry research places a strong emphasis on the growth prospects that will enable the Global Wine sector to explore new markets or extend operations in already-existing ones. In the global Wine market, the study evaluates innovative product and service positioning methods. This research also includes a detailed analysis of the market effect of emerging and innovative technologies.
Extensive primary and secondary research capabilities have been used to prepare the report Global Wine Industry. The report on the Global Wine market presents accurate market estimates and forecasts backed by in-depth primary and secondary research. The research report delivers key insights verified by key industry participants. These include market-leading participants, key clients and consumers, and product vendors and distributors.
The leading players in the Global Wine market have been profiled in this report. This study includes information on the major market participants, including an overview of their businesses, marketing plans, and partnerships and acquisitions. The study also evaluates the product and service offerings as well as revenue of the leading Wine market participants. The research includes important Wine market predictions, industry insights, and key trends that will aid market players in making wise business decisions.
Wine production in 2030 is expected to be influenced by several factors, including climate change, technological advancements, and shifting consumer preferences.
White Wines Outperforming Reds
Global Wine Production Trends
The global wine market is projected to reach $528.3 billion by 2030, growing at a CAGR from its estimated value of $385 billion in 2023 . However, global wine production has been declining due to extreme weather conditions, with a 9.6% decrease reported in 2023
The wine market in the U.S. is estimated at US$101.5 billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$116 billion by the year 2030 trailing a CAGR of 7.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 3.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$73 billion by the year 2030.
Regional Wine Production
Some regions are expected to benefit from changing climate conditions, such as Sweden, Norway, and the Netherlands, which are starting to develop world-class wines ³. In contrast, traditional wine-producing regions like Italy, Spain, and Australia are facing significant declines in production due to droughts, floods, and heatwaves ².
Sustainable Wine Production
The industry is shifting towards sustainable practices, with winemakers embracing solar power, eco-friendly packaging, and organic farming methods ³. This trend is driven by consumer demand, particularly among millennials, who prioritize environmental considerations when choosing wine.
Technological Advancements
Technology is revolutionizing the wine industry, from drones and robots in vineyards to augmented reality labels and blockchain-based authentication ³. These innovations are expected to improve efficiency, quality, and consumer engagement.
South Africa's wine production is expected to remain stable, with a slight decline to roughly 989,000 metric tons by 2028, from approximately 991,000 metric tons in 2023 ¹. This represents a 0% year-on-year average decrease. Although there isn't specific data available for 2030, we can look at some trends and projections to get an idea of what to expect.
Key Trends and Projections:
- Global Wine Market Growth: The global wine market is projected to reach $528.3 billion by 2030, growing at a CAGR of 4.6% from 2023 to 2030
- South African Wine Consumption: South African wine consumption is projected to reach approximately 445,000 metric tons by 2028, up from around 439,000 metric tons in 2023 .
- South African Wine Production: South Africa was the ninth-largest wine producer in 2023, with Chile just ahead, also producing around 991,000 metric tons
While these projections don't provide exact numbers for 2030, they suggest that South Africa's wine industry will continue to play a significant role in the global market.
The report also delivers a detailed segment-based assessment of the Global Wine market 2024. In this research, the segments and their sub-segments have been examined. The investigate too surveys the patterns that would bolster the improvement of the different businesses. The key segments of the Global Wine market along with their market forecasts both in terms of revenue and volume have been covered in the research study. The research also discusses the market's developing regional segments and the factors that will shape the sector in each of them.
Geographic segments of the global Wine market 2024 along with a detailed study on the prospects exhibited by the emerging regional markets of the Global Wine industry are included in the report. The regulatory scenario favouring the leading regions in the Global Wine market has been evaluated in the research study.
