Wine Market Demand, Trends Analysis and Forecast 2034
Global Wine Market Growth, Size, Trends Analysis - By Product, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Sep-2025 | Report ID: FOOD25116 | Pages: 1 - 224 | Formats*: |
| Category : Food & Beverages | |||
Wine Market Introduction and Overview
According to SPER Market Research, the Global Wine Market is estimated to reach USD 1153.43 billion by 2034 with a CAGR of 8.35%.
The report includes an in-depth analysis of the Global Wine Market, including market size and trends, product mix, Applications, and supplier analysis. The global wine market was valued at approximately USD 517.25 billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 8.35% from 2025 to 2034. This growth is primarily driven by the rising demand for premium and super-premium wines, especially among younger consumers in emerging markets. These consumers are increasingly inclined towards higher-quality, more refined wines and are prepared to pay a premium for such products. Additionally, there is a notable trend towards the demand for sustainable and organically produced wines, which mirrors a wider consumer emphasis on environmental awareness and health.
By Product Insights
The table wine segment had the largest market share in 2024, driven by rising consumer preferences for affordable wines for daily use. The growth is supported by a growing wine culture among millennials and young adults, more social drinking occasions, and increased online wine sales. As health-conscious consumers seek organic and sustainable options, demand continues to rise. The sparkling wine segment is expected to grow the fastest from 2025 to 2034, with consumers favoring it for celebratory and casual events. The popularity of various sparkling wines like Prosecco and Champagne appeals to younger drinkers due to their taste and lower alcohol content. Additionally, the rise of e-commerce and interest in food pairings enhance its appeal.
By Distribution Channel Insights
In 2024, the off-trade segment, which includes retail stores and supermarkets, generated the most revenue. The pandemic accelerated off-trade wine sales due to lockdowns. The on-trade segment, encompassing bars and restaurants, is predicted to grow rapidly from 2025 to 2034 as restrictions ease. The pandemic impacted this segment significantly, limiting its growth due to closures and reduced international tourism.
Regional Insights
In 2024, the European wine industry accounted for the largest share of global revenue. Europe has the most established wine market, with nations such as Portugal, Italy, and France leading in per capita wine consumption each year. The wine market in the Asia Pacific region is anticipated to experience the fastest CAGR from 2025 to 2034. This region presents substantial opportunities due to its vast customer base, increasing disposable incomes, and favorable climatic conditions for viticulture, particularly in China. Non-grape wines are also gaining significant traction across all major markets in the Asia Pacific, with a growing interest among female consumers.
Market Competitive Landscape
The market is characterized by fragmentation, with numerous global and regional players competing. These companies are making considerable investments in acquisitions and marketing to enhance their customer base and foster brand loyalty. Moreover, these organizations are utilizing emerging technologies such as blockchain and artificial intelligence to enhance consumer experiences and optimize supply chain operations.
Recent Developments:
- SeaQuelle, a Meritage wine in the Right Bank style with Merlot as its principal grape, was introduced by Creek Vineyard in June 2025. This wine incorporates five Bordeaux varieties: 63% Merlot, 18% Cabernet Franc, 10% Cabernet Sauvignon, 5% Malbec, and 4% Petit Verdot. The composition is clearly displayed on the front label for transparency.
- In June 2024, Searcys, the oldest caterer in Great Britain, launched a new English Sparkling Wine. This vintage was harvested in 2016, bottled in 2017, and aged on lees for over six and a half years. Produced by Greyfriars vineyard in Surrey, it showcases vibrant apple and citrus flavors accompanied by toasty aromas.
- In 2024, Sula Vineyards introduced Dia Sparkler, India’s first wine in a can. The concept of canned wine is flourishing on a global scale.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Product, By Distribution Channel |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | E. & J. Gallo Winery, Constellation Brands, Inc, The Wine Group, Treasury Wine Estates, Concha Y Toro, Castel Freres, Accolade Wines, Pernod Ricard, Asahi Group Holdings, Ltd, Beijing Yanjing Beer Group Co. |
Key Topics Covered in the Report
- Global Wine Market Size (FY’2021-FY’2034)
- Overview of Global Wine Market
- Segmentation of Global Wine Market By Product (Table Wine, Dessert Wine, Sparkling Wine)
- Segmentation of Global Wine Market By Distribution Channel (On-Trade, Off-Trade)
- Statistical Snap of Global Wine Market
- Expansion Analysis of Global Wine Market
- Problems and Obstacles in Global Wine Market
- Competitive Landscape in the Global Wine Market
- Details on Current Investment in Global Wine Market
- Competitive Analysis of Global Wine Market
- Prominent Players in the Global Wine Market
- SWOT Analysis of Global Wine Market
- Global Wine Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Wine Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Wine Market
7. Global Wine Market, By Product (USD Million) 2021-2034
- 7.1. Table Wine
- 7.2. Dessert Wine
- 7.3. Sparkling Wine
8. Global Wine Market, By Distribution Channel (USD Million) 2021-2034
- 8.1. On-Trade
- 8.2. Off-Trade
9. Global Wine Market, (USD Million) 2021-2034
- 9.1. Global Wine Market Size and Market Share
10. Global Wine Market, By Region, (USD Million) 2021-2034
- 10.1. Asia-Pacific
- 10.1.1. Australia
- 10.1.2. China
- 10.1.3. India
- 10.1.4. Japan
- 10.1.5. South Korea
- 10.1.6. Rest of Asia-Pacific
- 10.2. Europe
- 10.2.1. France
- 10.2.2. Germany
- 10.2.3. Italy
- 10.2.4. Spain
- 10.2.5. United Kingdom
- 10.2.6. Rest of Europe
- 10.3. Middle East and Africa
- 10.3.1. Kingdom of Saudi Arabia
- 10.3.2. United Arab Emirates
- 10.3.3. Qatar
- 10.3.4. South Africa
- 10.3.5. Egypt
- 10.3.6. Morocco
- 10.3.7. Nigeria
- 10.3.8. Rest of Middle-East and Africa
- 10.4. North America
- 10.4.1. Canada
- 10.4.2. Mexico
- 10.4.3. United States
- 10.5. Latin America
- 10.5.1. Argentina
- 10.5.2. Brazil
- 10.5.3. Rest of Latin America
11. Company Profile
- 11.1. E. & J. Gallo Winery
- 11.1.1. Company details
- 11.1.2. Financial outlook
- 11.1.3. Product summary
- 11.1.4. Recent developments
- 11.2. Constellation Brands, Inc
- 11.2.1. Company details
- 11.2.2. Financial outlook
- 11.2.3. Product summary
- 11.2.4. Recent developments
- 11.3. The Wine Group
- 11.3.1. Company details
- 11.3.2. Financial outlook
- 11.3.3. Product summary
- 11.3.4. Recent developments
- 11.4. Treasury Wine Estates
- 11.4.1. Company details
- 11.4.2. Financial outlook
- 11.4.3. Product summary
- 11.4.4. Recent developments
- 11.5. Concha Y Toro
- 11.5.1. Company details
- 11.5.2. Financial outlook
- 11.5.3. Product summary
- 11.5.4. Recent developments
- 11.6. Castel Freres
- 11.6.1. Company details
- 11.6.2. Financial outlook
- 11.6.3. Product summary
- 11.6.4. Recent developments
- 11.7. Accolade Wines
- 11.7.1. Company details
- 11.7.2. Financial outlook
- 11.7.3. Product summary
- 11.7.4. Recent developments
- 11.8. Pernod Ricard
- 11.8.1. Company details
- 11.8.2. Financial outlook
- 11.8.3. Product summary
- 11.8.4. Recent developments
- 11.9. Asahi Group Holdings, Ltd
- 11.9.1. Company details
- 11.9.2. Financial outlook
- 11.9.3. Product summary
- 11.9.4. Recent developments
- 11.10. Beijing Yanjing Beer Group Co
- 11.10.1. Company details
- 11.10.2. Financial outlook
- 11.10.3. Product summary
- 11.10.4. Recent developments
- 11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Wine Market is projected to reach USD 1153.43 billion by 2034, growing at a CAGR of 8.35% during the forecast period.
Wine Market CAGR of 8.35% during the forecast period.
Wine Market size is USD 1153.43 billion from 2025 to 2034.
Wine Market is covered By Product, By Distribution Channel
Wine Market grew in Market size from 2025. The Market is expected to reach USD 1153.43 billion by 2034, at a CAGR of 8.35% during the forecast period.
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Europe is anticipated to have the highest Market share in the Wine Market.
E. & J. Gallo Winery, Constellation Brands, Inc, The Wine Group, Treasury Wine Estates, Concha Y Toro, Castel Freres, Accolade Wines, Pernod Ricard, Asahi Group Holdings, Ltd, Beijing Yanjing Beer Group Co.
The report includes an in-depth analysis of the Wine Market, including market size and trends, product mix, Applications, and supplier analysis
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