Wine is a fermented beverage produced from grapes and sometimes other fruits. Yeast consumes the sugar in the grapes and converts it to ethanol, carbon dioxide and heat. Wine ABV (alcohol by volume) can range from as low as 5.5% to as much as 24%. The wine market in Europe is set to grow by US$ 20 billion during 2021-2027, growing at a compound annual growth rate (CAGR) of 2.1% during the forecast period, according to data and analytics company StrategyHelix. Rise in number of wineries, increase in wine production, growth in disposable personal income levels and a consumer trend in alcoholic beverages toward premium products, such as wine, and away from beer are the key factors driving market growth.
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The report has profiled some of the key players of the market such as Accolade Wines Limited, Altia Oyj, Bacardi Limited, Casella Wines Pty. Limited, Dr. August Oetker, E & J Gallo Winery Inc, Groupe Castel, Les Grands Chais de France SAS, LVMH Moet Hennessy Louis Vuitton SA, Pernod Ricard Groupe, Rotkaeppchen-Mumm Sektkellereien GmbH, S.V.S. La Martiniquaise, Schloss Wachenheim AG, Treasury Wine Estates Limited, Vina Concha Y Toro S.A., Vranken Pommery Monopole SA.
The report provides up-to-date market size data for period 2017-2020 and forecast to 2027 covering key market aspects like sales value for wine. The Europe wine market is segmented on the basis of product, distribution channel, country. By product, it is categorized into fortified wine, fruit wine, sparkling wine, and still wine. The still wine segment held the largest market share in 2020. By distribution channel, the wine market is divided into supermarkets & hypermarkets, food & drink specialists, online retail, and others. Based on country, the wine market is divided into Belgium, France, Germany, Italy, Netherlands, Russia, Spain, Switzerland, and United Kingdom.
Product: fortified wine, fruit wine, sparkling wine, and still wine
Distribution channel: supermarkets & hypermarkets, food & drink specialists, online retail, and others
Country: Belgium, France, Germany, Italy, Netherlands, Russia, Spain, Switzerland, and United Kingdom
Years Considered: this report covers the period 2017 to 2027
Key Benefits for Stakeholders
Get a comprehensive picture of the Europe wine market
Pinpoint growth sectors and trends for investment
Understand what the future of the wine market in Europe looks like
Identify the competitive landscape and window of opportunity
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