White Wine Market Is Expected To Exceed US$ 60 Billion By 2031
According to a recently-published report by Fact.MR, white wine is likely to lose its traction in the food & beverage industry for the time to come. By the end of 2022, the global market for white wines will have expanded at a listless pace of 3.5% CAGR, raking revenues worth just over US$ 46 Bn. Following insights will reveal how increasing awareness about inferior health benefits associated with white wine consumption will impede the growth of global white wine market, during the forecast period, 2017-2022.
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Key Highlights on Future of Global White Wine Market
- Throughout the forecast period, Europe will remain the largest market for white wine. Cultural influences and lifestyle habits makes white wine a popular drink among European consumers of all ages.
- The white wine market in North America, meanwhile, will reflect growth at a relatively steadier pace compared to Europe’s white wine market. Considering the rising demand for alcohol-based beverages in US, North America’s white wine market will witness a relatively steady demand throughout the forecast period.
- The report also projects that the Asia-Pacific excluding Japan (APEJ) region will register fastest expansion for its white wine market, bringing in nearly US$ 7.6 Bn revenues by 2022-end. Robust industrial infrastructure, coupled with ample availability of grapes, is expected to boost the growth of white wine market in the APEJ region.
- Pinot Grigio, a key product segment in the global market for white wines, is expected to showcase absolute dollar opportunity worth over half a billion dollars by 2022 over 2017.
- Chardonnay wines will grow at a relatively steady pace, compared to sluggish sales projections of other types of products available in the global market. By 2022-end, the global white wine market will have procured over US$ 6 Bn revenues through sales of Chardonnays.
- Over the forecast period, Riesling will be the top-selling white wine in the world, procuring the largest revenue share on the global market.
- Between 2017 and 2022, global sales of white wines through other retail formats will have created an incremental opportunity of more than US$ 1 Bn. On the same line, the report also predicts that modern trade outlets will continue to dominate the global market by being the largest sales channel for white wines.
- Nearly two-fifth of global white wine revenues will be amassed from sales of light-bodied white wines. By the end of 2022, a little over US$ 17.8 Bn revenues are expected to come from sales of medium-bodied white wines.
- In 2017 and beyond, the demand for sweet white wines will have witnessed a considerable decline. By the end of 2022, less than one-fourth share of global revenues will be procured from global sales of sweet white wines.
- The report further projects a conversely high demand for semi-sweet white wines. Towards the latter half of the forecast period, sweet white wines will have surpassed global revenue share of 40%, reflecting a relatively steady CAGR compared to dry and sweet white wines.
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|Market size value in 2020||USD 37 Billion|
|Market forecast value in 2031||USD 60 Billion|
|Growth Rate||CAGR of 5% from 2021 to 2031|
|Historical Data Available for||2016-2020|
|Market Analysis||US$ Mn for Value & ‘000 Units for Volume|
|Key Regions Covered||North AmericaLatin AmericaEuropeEast AsiaSouth AsiaOceania Middle East & Africa|
|Key Countries Covered||U.SCanadaBrazilMexicoGermanyUKSpainFranceItalyRussiaIndiaChinaJapanSouth KoreaAustraliaNew ZealandGCCSouth Africa|
|Key Market Segments Covered||TypeDistribution ChannelRegion|
|Key Companies Profiled||Château Lafite RothschildPenfolds Louis RoedererMarchesi AntinoriHarlan EstateScreaming Eagle|
|Pricing||Available upon Request|
Access Research Methodology Prepared By Experts – https://www.factmr.com/connectus/sample?flag=RM&rep_id=159
Key Segments Covered
- Product Type
- Sauvignon Blanc
- Chenin Blanc
- Grüner Veltliner
- Pinot Grigio
- Other White Wines
- Sales Channel
- White Sale Sales via Modern Trade
- White Sale Sales via Grocery Stores
- White Sale Sales via Convenience Stores
- White Sale Sales via E-commerce
- White Sale Sales via Other Retail Formats
- Body Type
- Light Bodied White Wine
- Medium Bodied White Wine
- Full-Bodied White Wine
- Sweetness Level
- Dry White Wine
- Semi-sweet White Wine
- Sweet White Wine
Report Benefits & Key Questions Answered
- White Wine Market Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- White Wine Market Historical volume analysis: The report provides a comparison of White Wine Market historical sales and projected sales performance for 2021-2031.
- White Wine Market Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the White Wine Market It carefully gauges the impact of changing healthcare needs of key demographics globally
- White Wine Market Consumption by demographics: The report investigates consumer behavior affecting White Wine Market demand outlook for the assessment period. Effect of their keenness for digital trends on White Wine Market is carefully analyzed
- Post COVID consumer spending on White Wine Market Consumption: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting White Wine Market growth.
For More Insights-https://www.globenewswire.com/news-release/2022/03/09/2400432/0/en/Low-Code-Development-Industry-is-Projected-to-Achieve-a-Global-Market-Size-of-US-187-Bn-by-2032-Currently-US-Accounts-For-the-Largest-Market-Share-in-the-World.html
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