Which segment accounted for the largest wine market share? Some prominent players in the global wine market include: -, Revenue in USD billion and CAGR from 2021 to 2028, Revenue forecast, company ranking, competitive landscape, growth factors, and trends, North America; Europe; Asia Pacific; Central & South America; Middle East & Africa, U.S.; U.K.; France; Italy; China; India; Japan; Brazil; South Africa, Asahi Group Holdings, Ltd.; Beijing Yanjing Beer Group Corporation; The Wine Group; Castel Frres; Accolade Wines; Constellation Brands; Treasury Wine Estates (TWE); Pernod Ricard; E. & J. Gallo Winery; Via Concha y Toro. Please do not hesitate to contact me. [Online]. Thank you for contacting us, our sales representative will get in touch with you shortly! Some key players operating in the wine market include Asahi Group Holdings, Ltd., Beijing Yanjing Beer Group, Corporation, The Wine Group, Castel Frres, Accolade Wines, Constellation Brands, Treasury Wine Estates (TWE), Pernod Ricard, E. & J. Gallo Winery, Via Concha y Toro. The Asia Pacific market is expected to grow at the fastest rate during the forecast period. Wine tourists eat well, whether its food provided at a vineyard or winery, or at restaurants recommended by tour guides. Your payment is successful. Wine tourism is a relatively new industry, in comparison to winemaking itself. Free trial, before you make a purchase decision. As mentioned above, enotourism has a positive impact on wineries and winemakers. Bottled water market in the United States, Get the best reports to understand your industry. With good wine comes good food thats just a given. The increase in social media penetration, on the other hand, is expected to provide enormous opportunities to the market throughout the forecast period. All Rights Reserved. Furthermore, countries in the Middle East, such as the UAE and Saudi Arabia, have banned the consumption of alcoholic beverages. The increasing consumption of wine among consumers has been acting as a major driver for the industry. Use Ask Statista Research Service, Revenue of Booking Holdings worldwide 2007-2022, Leading online travel companies worldwide 2022, by market cap, Revenue of Expedia Group, Inc. worldwide 2007-2022, Revenue of Tripadvisor worldwide 2008-2022. Furthermore, the premiumization of wine products, coupled with innovation in flavor, has further regulated the wine market in the region. What is domestic tourism and why is it so important? However, following the lockdown, there will be a surge in demand for the enotourism market as the demand for recreational activities increases. Online Wine Tastings around the World. [4] Although it is still developing, it is increasing its popularity by competing with other beverages and tourism themes. The agreement will cover distribution in multiple markets in California with other states, including Texas, Louisiana, Oklahoma, Kentucky, Mississippi, Utah, Wyoming, and Nebraska. Report scope can be Register in seconds and access exclusive features. WebThe global wine cork market size was valued at USD 5.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.6% from 2022 to 2028. See for yourself. For this reason, branching out into enotourism activities is vital for many wineries. If you want to see where some of the most famous types of wine come from, then wine tourism in France is for you. The global wine market is projected to grow with a CAGR of 5.8%, during the forecast period (2020 - 2025). The wine market is driven by increasing demand for wine, due to its health benefits and premiumization of wine products, coupled with innovation in flavor and more advanced distribution networks, globally. Food and wine production are integral parts of the histories and identities of many destinations, and have become critical components of the brand image of country. At 13.6% CAGR, the Enotourism market will expand from 2021-2030. For instance, in July 2020, Constellation Brands acquired Empathy Wines, a direct-to-consumer wine brand, with the aim of winning space on digital shelves. Enotourism allows for the exploration of new places, the opportunity to socialize with the local community, and participation in wine tasting activities. Global Opportunity Analysis and Industry Forecast 20212030. "Market size of the tourism sector worldwide from 2013 to 2022, with a forecast for 2023 (in billion U.S. As a result, enotourism promotes and brands destinations, preserves local traditions and diversity, and promotes and rewards authenticity. Get insights on topics that are crucial for your business. It gained a lot of traction in the media, which started promoting an interest in wine-related activities. Statista assumes no Business Solutions including all features. When it comes to marketing strategy, SMEs often lack the capabilities, resources, and market power of larger enterprises (Knight, 2000). WebIn the United States 27 million travelers, or 17% of American leisure travelers, engaged in culinary or wine-related activities. Enotourism is a big deal across the globe, and it doesnt show any signs of slowing down in terms of its growth. ", IBISWorld, Market size of the wine bar sector in the United States from 2011 to 2020, with a forecast for 2021 and 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1176770/wine-bar-industry-market-size-us/ (last visited March 02, 2023), Market size of the wine bar sector in the United States from 2011 to 2020, with a forecast for 2021 and 2022 (in billion U.S. dollars) [Graph], IBISWorld, September 22, 2021. Are you interested in testing our business solutions? However, as United States consumers are readily opting for nutrition-packed beverages, the wine market in the country is likely to show a sluggish growth rate as the market has already reached its saturation. If you are an admin, please authenticate by logging in again. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. The market is divided into solo and group travelers. Our sales representative will reach you shortly with the details. 1.1 Study Assumptions and Market Definition, 4.3.2 Bargaining Power of Buyers/Consumers, 7. Market size of the wine bar sector in the United States from 2011 to 2020, with a forecast for 2021 and 2022 (in billion U.S. dollars) [Graph]. The lockdown propelled the demand for off-trade sales of wine. You can only download this statistic as a Premium user. The partnership and collaboration are key growth strategies of Enotourism players. The young and working-class people in these regions are including wine in their diet, house parties, and occasional drinks. The overall sales of wine are All of the stringent regulations of government restrain the enotourism market growth. Throughout the first decade of the twenty-first century, the enotourism industry grew significantly. Global wine tourism market size 8.7bn USD Detailed statistics Global enoturism market size 2020-2030 Top wine tourism destination Italy Detailed statistics Statista assumes no You need a Statista Account for unlimited access. This can be credited to the rising number of novel wines and designer corks. The US wine market is the largest of its kind in the world due to its high population, backed up by high disposable incomes. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Leading countries in wine production worldwide 2021, Producing wineries in the U.S. 2021, by state, Sales volume of wine in the U.S. 1999-2021, U.S. wine market: dollar sales of the leading table wine brands 2022, Consumption of wine in the U.S. 2020 by category, Market share of the U.S. alcohol industry by beverage 2000-2022, Sales market share of the United States alcohol industry from 2000 to 2022, by beverage, Total retail value of wine sales in the U.S. 2000-2021, Total retail value of wine sales in the United States from 2000 to 2021 (in billion U.S. dollars)*, Sales volume of wine in the United States from 1999 to 2021 ( in million 9-liter cases)*, U.S. share of global wine production volume 2014-2021, U.S. share of global wine production volume from 2014 to 2021, Vine bearing area share of the U.S. 2014-2021, United States share of the global vine bearing area from 2014 to 2021, Wine export value of the United States from 2005 to 2021 (in million U.S. dollars), Wine export volume of the United States from 2005 to 2021 (in million liters), U.S. and Californian wine production 2006-2021, Wine production in the United States and in California from 2006 to 2021 (in million gallons)*, Vine bearing area in the United States from 2014 to 2021 (in thousand hectares), Number of wineries in the United States in 2021, by state, Wineries in the U.S. 2021, by production size, Number of wineries in the United States in 2021, by production size, U.S. wine export value 2020, by country of destination, Wine export value of the United States in 2020, by country of destination (in million U.S. dollars)*, U.S. wine import value 2021, by country of origin, Wine import value of the United States in 2021, by country of origin (in million U.S. dollars), Volume of U.S. still wine imports 2006-2021, Volume of U.S. still wine imports from 2006 to 2021 (in million liters)*, Volume of U.S. sparkling wine imports 2009-2021, Volume of U.S. sparkling wine imports from 2009 to 2021 (in million liters), Volume of U.S. still wine exports 2006-2021, Volume of U.S. still wine exports from 2006 to 2021 (in million liters), Volume of U.S. sparkling wine exports 2006-2021, Volume of U.S. sparkling wine exports from 2006 to 2021 (in million liters), Organic bottled still wine import share U.S. 2021, by country, Share of bottled still wine imports that were certified organic in the United States in 2021, by exporting country, Organic bottled red wine imports U.S. 2021, by country, Value of bottled organic red wine in the United States in 2021, by exporting country (in 1,000 U.S. dollars), Leading wine supplier sales volume in the U.S. in 2020, Volume sales of the leading wine suppliers in the United States in 2022 (in 1,000 9-liter cases), Sales of the leading table wine brands in the United States in 2022 (in million U.S. dollars), Californian wine market value in the U.S. 2006-2021, Retail value of the Californian wine market in the United States from 2006 to 2021 (in billion U.S. dollars)*, U.S. premium wineries sales growth 2002-2021, U.S. premium wineries sales growth from 2002 to 2021, Gross margin of premium wineries in the United States 2002-2021, U.S. premium wineries' gross margin from 2002 to 2021, Winery sales channel share in the United States in 2021, Share of winery sales channels in the United States in 2021, DtC wine shipment value growth in the U.S. 2011-2021, Growth of direct-to-consumer (DtC) wine shipment value in the United States from 2011 to 2021, DtC wine shipment volume growth in the U.S. 2011-2021, Growth of the direct-to-consumer (DtC) wine shipment volume in the United States from 2011 to 2021, Total wine consumption of the U.S. 2005-2021, Total wine consumption of the United States from 2005 to 2021 (in million gallons)*, Average wine consumption per U.S. resident 2005-2021, Average wine consumption per United States resident from 2005 to 2021 (in gallons)*, Wine consumption in the United States in 2020, by category (in thousand 9-liter cases), Alcohol segment preference in the U.S. in 2022, by occasion, Share of alcohol segment preference in the United States in 2022, by occasion, Alcohol sales channel purchase share in the U.S. in 2022, by segment, Share of alcohol sales channel purchases in the United States in 2022, by segment, Alcohol brand loyalty in the U.S. in 2022, by segment, Share of consumers that only or mostly purchase the same brand of alcohol in the United States in 2022, by segment. A proper wine tasting session at your local pub or bar, for example, is definitely a wine tourism activity. Privacy Policy. You can also purchase parts of this report. b. This may have the opposite effect desired, driving away potential visitors and turning them to enotourism. Furthermore, North America and Europe have the largest share of the global enotourism market. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Below youll find some incredible destinations, tours and wineries perfect for enotourists! Later still and much more recently, in 2004, the film Sideways starring Paul Giamatti and Thomas Haden Church showcased two men embarking on a wine tour through Santa Ynez Valley. This section covers the major market trends shaping the US Wine Market according to our research experts: To understand key trends, Download Sample Research experts: to understand key trends, download restaurants recommended by tour guides market?. Stringent regulations of government restrain the enotourism market a surge in demand for off-trade sales of wine among has. For enotourists a proper wine tasting activities Assumptions and market Definition, 4.3.2 Bargaining Power Buyers/Consumers... Power of Buyers/Consumers, 7 are key growth strategies of enotourism players mentioned. Is increasing its popularity by competing with other beverages and tourism themes grow with CAGR. 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