data than referenced in the text. You need at least a Starter Account to use this feature. This text provides general information. WebIndustry market research reports, statistics, analysis, data, trends and forecasts. This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2028. According to the United States Department of Commerce, wine sales in the United States increased in 2021 as compared to the previous. The manufacturers, thus, procure grapes in bulk from these vineyards to produce wines at lower prices and fulfill the demand for locally produced wines. Covering around 102,000 hectares, the German wine country isnt the biggest but it is one of the most famous. Complimentary 10 hours free analyst time for market review, 3. You need a Statista Account for unlimited access. Sparkling wine is projected to register the fastest CAGR of 6.6% from 2021 to 2028. Top wine importers in the United States are Southern Wine and Spirits, Southern Glazers, Fredrick Wildman and Sons, Charmer Sunbelt Group, Youngs Market Company, Vine Street Imports, Wirtz Beverages, etc. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. Owing to the above factors, the players have been expanding their reach across the region and using various strategies to penetrate the market further. Enotourism primarily caters to tourists who want to visit natural, unknown vineyard locations. The most important key figures provide you with a compact summary of the topic of "Wine Market" and take you straight to the corresponding statistics. Enotourism is increasing popularity in the wine and tourism value chains, as well as with government officials and academics. The company claims the product has the same premium taste that customers expect but with new, bold flavors and more options. WebIndustry Reports . European countries, especially Italy, France, and Spain, have been major producers of wines for centuries due to the abundant availability of grapes for wine production and the increasing demand for their wines globally. November 2020. Review. We are happy to help. Increased consumer interest in spritz drinks and propagation of aperitivo culture in the European region have been driving the demand for the segment. Enotourism has been a part of the wine industry since a long time and is now one of the most profitable tourism segments. Typically, visitors learn about the history, observe the winemaking process, and then taste the wines. This report provides a quantitative analysis of the current enotourism market trends, estimations, and dynamics of the global market from 2021 to 2030 to identify the prevailing enotourism market opportunities. The country's wine production is We are happy to help. Get insights on topics that are crucial for your business. The market is divided into solo and group travelers. Which distribution channel segment led the wine market? 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. Through its physical shops and website, Kroger claims to be serving more than 11 million people every day. According to enotourism market analysis, the market is segmented on the basis of tour type, traveler type, age group, and region. It brings in an alternative income, and allows people to share their passion with people who will appreciate it. The total winegrape crush in 2022 was 1.73 million tonnes, of which Shiraz accounted for The majority of winery visits take place at or near the production site of winery. Furthermore, the premiumization of wine products, coupled with innovation in flavor, has further regulated the wine market in the region. Get the best reports to understand your industry, Alcohol consumption in the United Kingdom. A paid subscription is required for full access. The wine tourism market worldwide was estimated to be worth around 8.7 billion U.S. dollars in 2020, a year in which the entire global tourism industry was hit hard by the coronavirus (COVID-19) pandemic. Discounted price for multiple reports across domains, 2. And with wine tours, vineyard visits and tasting sessions you can explore them all. It adds a slightly deeper aspect to your trip; its something a bit different from simply lounging by the pool! In, IBISWorld. Some of the best places to visit include. The wine production here is diverse, and the scenery is breathtakingly green. The off-trade segment held the largest share of 89.0% in 2020.The off-trade distribution channel includes retail outlets, supermarkets, and hypermarkets. For more details, please read our privacy policy. Read on to find out. As mentioned above, enotourism has a positive impact on wineries and winemakers. WebThe global enotourism market size was valued at $8,653.4 million in 2020, and is projected to reach $29,593.4 million by 2030, registering a CAGR of 13.6% from 2021 to 2030. Business Solutions including all features. Thank you for your Purchase. "Sorry! IBISWorld's statistic shows that as of Wine tourism also introduces people to different wines, meaning wineries may go on to have regular custom from these visitors. Additionally, some manufacturers believe that being organic is essential to the expansion of their companies. Avail customized purchase options to meet your exact research needs. Meanwhile, there has been a sudden change in the purchasing behavior of consumers. To use individual functions (e.g., mark statistics as favourites, set Copyright 2023 Grand View Research, Inc. All rights reserved. Register in seconds and access exclusive features. Below youll find some incredible destinations, tours and wineries perfect for enotourists! This report provides an accurate prediction of the contribution of all the segments to the growth of the organic wine market size. For the purpose of this study, Grand View Research has segmented the global wine market report on the basis of product, distribution channel, and region: Product Outlook (Revenue, USD Billion, 2016 - 2028), Distribution Channel Outlook (Revenue, USD Billion, 2016 - 2028), Regional Outlook (Revenue, USD Billion, 2016 - 2028). Wine tourism, also known as enotourism and vinitourism, is a focused branch of food tourism which is specifically to do with wine. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global wine market to grow at a CAGR of over 2% during the forecast period, according to their latest The best vineyards here are around the Rheinterrasse, which is the riverbank area of the Rhine. From Champagne to Bordeaux, there are so many regions here with wines named after them. Table wine held the largest share of more than 84.0% in 2020 and is expected to maintain its lead over the forecast period. The group helps in the exploration of new locations by providing accurate vineyard information. The area is split into three subzones, known as the Southern Valley, Wairau Valley and the Awatere Valley. Access to this and all other statistics on 80,000 topics from, Show sources information Wine tourism is a growing industry for the Kiwis, with a whopping 40,000 hectares of vineyard space across the country as opposed to just 400 hectares in 1960. Need to talk to an expert? Based on age group, the enotourism market is segmented as generation X, generation Y, and generation Z. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Italy, France, Spain, Germany, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Argentina, and the rest of LAMEA). In the U.S., leading brands such as La Marca Prosecco (E. & J. Gallo Winery), Mionetto (Freixenet Mionetto USA), Zonin (Zonin USA), and Ruffino Prosecco (Constellation Brands) registered growth rates in the range of 10% - 15.4% between 2017 and 2019. 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. The Europe region registered as the most significant benefactor in past years and is estimated to continue its command during the forecast time. Some include picnics, for some youll be on an e-bike, and some tours are combined with hiking! The USA has the most wine tourists each year, seeing around 15 million France is another big draw, with around 10 million enotourists visiting per year. Furthermore, countries in the Middle East, such as the UAE and Saudi Arabia, have banned the consumption of alcoholic beverages. The majority of wineries 58% believe that wine tourism will recovery in 2022. 1.1 Study Assumptions and Market Definition, 4.3.2 Bargaining Power of Buyers/Consumers, 7. March 2021. Review. WebThe global medical tourism market size was USD 11.56 billion in 2020. Access to this and all other statistics on 80,000 topics from, Show sources information Although it is still developing, it is increasing its popularity by competing with other beverages and tourism themes. Wine tourism is BIG business! The Routledge Handbook of Wine Tourism examines the complex interplay of market profiling, sustainable regional development, and innovative experiential marketing constructs which, when successful, contribute to the growth and Another emerging trend in the market segment includes the demand for organic wine, which currently represents a small portion of the overall wine market; its production and consumption have grown recently as a result of growing consumer interest in health and wellness. Statista assumes no Asia Pacific is expected to register the fastest CAGR of 8.2% from 2021 to 2028. *Disclaimer: Major Players sorted in no particular order. 2023. A. dollars)." Being inexpensive and easily accessible through retail, table wines often find preference among new consumers of the product. The United States has a large number of wine producers, and wine products have become a significant meal accompaniment in the country. There are many benefits of wine tourism. Find your information in our database containing over 20,000 reports, worlds most popular wine grape varieties, most attractive region for both domestic and international enotourists in Italy, wineries conducting online wine tastings in several countries worldwide, number of wineries surveyed had technical issues during their online wine tastings. The landscapes of the German wine region are breathtaking, and it is one of the nicest places to experience wine tourism in Europe. 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