Latest News- Wine Market: Off-trade is expected to lead the Distribution Channel segment during 2025-2029

The Wine Market is being driven by Online sales channels gaining traction in global wine market

The Wine Market is expected to grow at a CAGR of 5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 167.1 billion. In the dynamic wine market, private-label wines have emerged as a lucrative business opportunity for retailers worldwide. Major players in the retail sector are expanding their private-label offerings, selling various types of wines under their own brands to maximize profits. This trend is significantly contributing to the expansion of the global wine market. Notably, retail giants like China-based Alibaba have entered this space with their exclusive ranges of sparkling wines. For retailers, particularly grocery stores, private-label wines present attractive margins, which are approximately 10%-15% higher than those for national and international brands. This growth trajectory underscores the potential of private-label wines as a strategic business initiative. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Off-trade
  • On-trade
• Product
  • Red
  • Fortified
  • White
  • Sparkling
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • North America
    • Canada
    • US
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Online sales channels gaining traction in global wine market
• Increasing use and demand for wine in emerging economies and food industry
• Growing awareness of health benefits from wine

However, the market also witnesses some limitations, which are as follows:

• Rising competition from other alcoholic beverages
• Stringent regulations and changes in trade tariffs and taxes on wine
• Campaigns against consumption of alcoholic beverages

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Market Scope in Wine Market Research Report

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Research Analysis Overview

The wine industry's e-commerce sector experiences growth as consumers prioritize the convenience of purchasing red wine online. Sustainable wineries employ organic methods in wine production, focusing on antioxidants like Resveratrol and aromatics. Alcoholic beverages contain Potassium sorbate, Potassium metabisulfite, acids, alcohol, tannins, sugar, and enzymatic browning. Wine's health benefits include fighting the common cold, bad cholesterol, and high blood sugar levels, as well as potential cancer prevention. Wine's aroma and flavor come from grapes and aromatics, while fortified wine includes added alcohol. Wine production involves water and various additives, such as Potassium sorbate, Potassium metabasulfite, and acids, to preserve and enhance the final product. The alcohol content and natural sugars contribute to the wine's alcoholic properties and sweetness. Wine's tannins and acids play a role in cell damage protection against diseases like cancer. Cooking applications showcase wine's versatility beyond drinking, with flavor and aroma enhancing various dishes.

Market Research Overview

In the dynamic e-commerce landscape of the wine market, the production process commences with the acquisition of primary raw materials, such as grape concentrates, yeast, and cane or beet sugar. Sustainable wineries prioritize organic methods in their vineyards, ensuring the grapes' optimal health and the eventual wine's superior antioxidant content, primarily from resveratrol. Secondary sources and extra ingredients, like oak chips, may be utilized for flavor enhancement. Labor and winery equipment are essential inputs, ensuring efficient and high-quality wine production. Sustainability remains a crucial factor, with wineries investing in eco-friendly practices and equipment to minimize their environmental footprint. Wine tourism, a significant contributor to the industry, offers unique experiences for consumers, further bolstering its market value.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/