The demand for imported wine market is projected to rise at a rate of 7.80% in the forecast period of 2021 to 2028. Consumption habit of wine and changing lifestyle of people along with high disposable income are likely to serve as a factor in the forecast period for the imported wine market.
Wine imports are common practice in the wine industry and types of wines to be imported depend on demand from local market. Increasing popularity of wine during social celebration and various health benefits are likely to boost the growth of global imported wine market. Also, increasing production of wine in developing countries is fuelling the growth of imported wine market. Furthermore, older generation preferring wine over hard drinks and increasing consumption of wine by younger generation are propelling the growth of global imported wine market.
However, increasing popularity of craft beer and spirits and availability of other substituents are anticipated to hamper the growth of global imported wine market. Nonetheless, innovations in the wine products along with variety of flavours are likely to provide lucrative opportunity for global imported wine market during the forecasted period. global imported wine market is facing challenge of stringent government regulation and heavy taxation. Additionally, outbreak of COVID-19 and shutdown of market is resulted into decline in sale of imported wine across the globe.
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The major players covered in the imported wine market report are Treasury Wine Estates Ltd., The Wine Group, Miguel Torres S. A., J.Garcia Carrion, Henkell Co., Sektkellerei KG, GRUPPO ITALIANO VINI S.P.A., GRUPO PEÑAFLOR, Freixenet SA, E. J. Gallo Winery, Constellation Brands, Inc., Codorníu, S.A., Gruppo Caviro, CASTLE WINERY, CANTINE RIUNITE CIV S.C.AGR, Brown-Forman, Bacardi Company Limited, Accolade Wines, LANSON-BCC, Pernod Ricard among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Imported Wine Market Scope and Market Size
The imported wine market is segmented on the basis of product type, colour and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the imported wine market is segmented into still wine, sparkling wine, dessert wine and fortified wine.
- Based on colour, the imported wine market is segmented into red wine, rose wine, white wine and other colours.
- The imported wine market is also segmented on the basis of distribution channel. The distribution channel is segmented into on-trade and off-trade.
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Global Imported Wine Market Country Level Analysis
Global imported wine market is analysed and market size, volume information is provided by country, product type, colour and distribution channel as referenced above.
The countries covered in the imported wine market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe is dominating in the imported wine market due to production and consumption of wine on huge scale. Additionally, the presence of many local as well as international vendors in the region is driving the growth of the region.
The country section of the imported wine market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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