"Imported Wine Market – Industry Trends and Forecast to 2028
Global Imported Wine Market, By Product Type (Still Wine, Sparkling Wine, Dessert Wine and Fortified Wine), Colour (Red Wine, Rose Wine, White Wine and Other Colours), Distribution Channel (On-Trade and Off-Trade), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The demand for imported wine market is projected to rise at a rate of 7.80% in the forecast period of 2021 to 2028. Consumption habit of wine and changing lifestyle of people along with high disposable income are likely to serve as a factor in the forecast period for the imported wine market.
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Wine imports are common practice in the wine industry and types of wines to be imported depend on demand from local market. Increasing popularity of wine during social celebration and various health benefits are likely to boost the growth of global imported wine market. Also, increasing production of wine in developing countries is fuelling the growth of imported wine market. Furthermore, older generation preferring wine over hard drinks and increasing consumption of wine by younger generation are propelling the growth of global imported wine market.
**Segments**
- **Product Type**: The imported wine market can be segmented based on product types such as still wine, sparkling wine, and fortified wine. Still wine is a significant segment within the market, offering a wide range of varieties including red, white, and rosé wines. Sparkling wine, which includes champagne and prosecco, is gaining popularity among consumers for special occasions and celebrations. Fortified wine, such as port and sherry, caters to a niche segment of wine enthusiasts looking for unique flavor profiles.
- **Distribution Channel**: Another key segmentation factor is the distribution channel through which imported wines reach consumers. This can include online retail, specialty stores, supermarkets, wine boutiques, and duty-free shops. Online retail is experiencing rapid growth due to convenience and accessibility, while specialty stores and boutiques offer a curated selection for discerning customers. Supermarkets provide a one-stop-shop for a wide range of imported wine brands, and duty-free outlets cater to travelers seeking exclusive deals on premium wines.
- **Price Range**: Price range is an essential segmentation criterion in the imported wine market, targeting consumers from different income brackets. There are premium imported wines that cater to high-end consumers looking for luxury and exclusivity. Mid-range wines offer a balance of quality and affordability, appealing to a broader customer base. Economy or value wines target budget-conscious buyers seeking decent quality at competitive prices, driving volume sales in the market.
**Market Players**
- **E. J. Gallo Winery**: A renowned player in the global imported wine market, E. J. Gallo Winery is known for its diverse portfolio of premium wines sourced from top wine-producing regions worldwide. The company's strategic acquisitions and partnerships have strengthened its market presence and distribution network, ensuring a wide reach to consumers across geographies.
- **Treasury Wine Estates**: As a leading player in the imported wine segment, Treasury Wine Estates boasts a strong brand portfolio comprising iconic labels from Australia, Europe, and the Americas.E. J. Gallo Winery stands out in the global imported wine market due to its extensive range of premium wines sourced from renowned wine-producing regions worldwide. The company's strategic acquisitions and partnerships have contributed to its strong market presence and robust distribution network, enabling it to reach a broad consumer base across various geographies. E. J. Gallo Winery's commitment to quality and innovation has propelled its success in the competitive imported wine market, cementing its reputation as a top player in the industry.
Treasury Wine Estates, another prominent player in the imported wine segment, boasts a diverse portfolio of well-known brands from Australia, Europe, and the Americas. The company's focus on iconic labels and high-quality wines has resonated with consumers globally, establishing it as a leader in the premium wine market. Treasury Wine Estates' emphasis on brand building and marketing strategies has allowed it to capture market share and cater to different consumer preferences, further solidifying its position in the competitive imported wine landscape.
Both E. J. Gallo Winery and Treasury Wine Estates have demonstrated resilience and adaptability in responding to changing market dynamics and consumer trends. Their ability to innovate, introduce new products, and expand into emerging markets has fueled their growth and sustained competitiveness in the imported wine sector. By leveraging their strong brand equity, distribution networks, and industry expertise, these market players have successfully navigated challenges and capitalized on opportunities in the global wine market.
Looking ahead, E. J. Gallo Winery and Treasury Wine Estates are poised to continue their growth trajectory by focusing on product diversification, strategic partnerships, and consumer engagement. The increasing demand for imported wines, driven by evolving consumer preferences and growing interest in wine culture, presents opportunities for these companies to expand their market reach and drive sales. By staying attuned to market trends, investing in innovation, and maintaining a customer-centric approach, both E. J. Gallo Winery and Treasury Wine Estates are well-positioned to thrive in the**Global Imported Wine Market Analysis:**
**Segments**
- **Product Type:** The imported wine market is segmented into still wine, sparkling wine, and fortified wine. Still wine remains a significant segment, offering a variety of red, white, and rosé options. Sparkling wine, including champagne and prosecco, is gaining traction for celebrations. Fortified wine such as port and sherry caters to niche enthusiasts seeking unique flavors.
- **Distribution Channel:** Key segmentation is through online retail, specialty stores, supermarkets, wine boutiques, and duty-free shops. Online retail is growing for its convenience, while specialty stores offer curated selections. Supermarkets provide a diverse range, and duty-free outlets target exclusive deals for travelers.
- **Price Range:** The market caters to various income brackets with premium, mid-range, and economy/value wines. Premium wines target luxury consumers, mid-range balances quality and affordability, and economy wines appeal to budget-conscious buyers.
**Market Players**
E. J. Gallo Winery is renowned for its premium wines sourced globally through strategic acquisitions. Treasury Wine Estates leads in imported wines with a diverse portfolio from Australia, Europe, and the Americas. Both have adapted to market changes, innovating, and expanding into new markets successfully.
**Industry Trends and Forecast:**
The global imported wine market is poised for growth, driven by evolving consumer preferences and a rising interest in wine culture. Product diversification, strategic partnerships, and consumer engagement are key focus areas for market players
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Imported Wine Market Landscape
Part 04: Global Imported Wine Market Sizing
Part 05: Global Imported Wine Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Objectives of the Report
- To carefully analyze and forecast the size of the Imported Wine market by value and volume.
- To estimate the market shares of major segments of the Imported Wine
- To showcase the development of the Imported Wine market in different parts of the world.
- To analyze and study micro-markets in terms of their contributions to the Imported Wine market, their prospects, and individual growth trends.
- To offer precise and useful details about factors affecting the growth of the Imported Wine
- To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Imported Wine market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Key questions answered
- How feasible is Imported Wine Market for long-term investment?
- What are influencing factors driving the demand for Imported Wine near future?
- What is the impact analysis of various factors in the Global Imported Wine market growth?
- What are the recent trends in the regional market and how successful they are?
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