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Asia Pacific Wine Market Size, Share, Analysis, Forecast: By Product Type: Sparkling Wine, Still Wine, Fortified Wine and Vermouth; By Color: Red Wine, Rose Wine, White Wine, Others; By Distribution Channel: Hypermarket and Supermarket, Speciality Stores, Online, Others; Regional Analysis; Competitive Landscape; 2024-2032
Asia Pacific Wine Market Size
The Asia Pacific wine market is projected to grow at a CAGR of 6.6% between 2024 and 2032, aided by the increasing number of unique product offerings by key players.
| Asia Pacific Wine Market Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical Period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | XX% |
| Market Size 2032 | USD Million | XX% |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 6.6% |
| CAGR 2024-2032 - Market by Country | India | 7.9% |
| CAGR 2024-2032 - Market by Country | China | 6.5% |
| CAGR 2024-2032 - Market by Product Type | Fortified Wine and Vermouth | 7.4% |
| CAGR 2024-2032 - Market by Colour | White Wine | 7.1% |
| CAGR 2024-2032 - Market by Distribution Channel | Online | 7.3% |
| Market Share by Country 2023 | China | XX% |
Asia Pacific Wine Market Outlook
- In 2020, per capita wine consumption in Australia reached 27.8 litres.
- In 2020, the per capita wine consumption of Japan and China was 3.1 litres and 1.1 litres, respectively.
- Each one out of every 2 wine producers from France (49%), Spain (45%), and Italy, seek to penetrate the wine market in Singapore.
Asia Pacific Wine Market Growth
Singapore is expected to emerge as a leading wine market in Southeast Asia, while countries like Vietnam (21%), Thailand (15%), Indonesia (10%), the Philippines (11%), and Malaysia (12%) are expected to witness a significant surge in wine sales in the coming years.
The Australia wine market contributes $45 billion to its GDP annually. The total vineyard area of the country is around 146,244 ha, the majority of which is in South Australia (52%), followed by Victoria (15%) and New South Wales (24%). Chardonnay (19%) and Shiraz (26%) are the leading winegrape varieties in the region. In 2022-23, Australia’s wine exports were valued at $1.86 billion, with 38% of the overall shipments sent to the United Kingdom and the United States. In 2022-23, Australians consumed nearly 444 million litres of wine. Over the forecast period, the market is expected to achieve significant growth with the rising consumption of red wine.
With rising consumer interest in purchasing local products, domestic wineries in China are expected to emerge as a major frontrunner in driving sales in the market. Increasing government support and unique marketing strategies that renew Chinese consumers’ pride in their cultural heritage are expected to differentiate them from international brands, thereby contributing to the market growth.
Asia Pacific Wine Industry Segmentation
Asia Pacific Wine Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Sparkling Wine
- Still Wine
- Fortified Wine and Vermouth
| CAGR 2024-2032 - Market by | Product Type |
| Fortified Wine and Vermouth | 7.4% |
| Sparkling Wine | XX% |
| Still Wine | XX% |
Market Breakup by Colour
- Red Wine
- Rose Wine
- White Wine
- Others
| CAGR 2024-2032 - Market by | Colour |
| White Wine | 7.1% |
| Red Wine | 6.3% |
| Rose Wine | XX% |
| Others | XX% |
Market Breakup by Distribution Channel
- Hypermarket and Supermarket
- Speciality Stores
- Online
- Others
| CAGR 2024-2032 - Market by | Distribution Channel |
| Online | 7.3% |
| Hypermarkets and Supermarkets | XX% |
| Speciality Stores | XX% |
| Others | XX% |
Market Breakup by Country
- China
- Japan
- India
- ASEAN
- Australia
- Others
| CAGR 2024-2032 - Market by | Region |
| India | 7.9% |
| China | 6.5% |
| Australia | 5.8% |
| Japan | XX% |
| ASEAN | XX% |
| Others | XX% |
Asia Pacific Wine Market Share
The market is segmented based on region into China, Japan, India, ASEAN, and Australia, among others. Over the forecast period, the market in India is assessed to grow at a CAGR of 7.9% during 2024-2032, due to evolving consumer choices that seek to indulge in the global wine culture.
Leading Companies in the Asia Pacific Wine Market
Major wine producers are expected to expand their market presence in South Korea, which has the highest per capita consumption rate of alcohol in the world. Unique promotion and marketing campaigns are expected to play a critical role in driving the market growth.
- Treasury Wine Estates Ltd.
- Constellation Brands, Inc.
- Sula Vineyards Ltd.
- Carlyle Group Inc. (Accolade Wines)
- The Wine Group LLC
- Weilong Grape Wine Co. Ltd.
- Tonghua Grape Wine Co. Ltd.
- Vicente Faria Vinhos, S.A.
- Grover Zampa Vineyards
- Dynasty Fine Wines Group Ltd.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Colour |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Asia Pacific Wine Market Report Snapshots
Asia Pacific Wine Market Growth
Asia Pacific Wine Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Wine Market Overview
8.1 Key Industry Highlights
8.2 Global Wine Historical Market (2018-2023)
8.3 Global Wine Market Forecast (2024-2032)
8.4 Global Wine Market Breakup by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Asia Pacific Wine Market Overview
9.1 Key Industry Highlights
9.2 Asia Pacific Wine Historical Market (2018-2023)
9.3 Asia Pacific Wine Market Forecast (2024-2032)
10 Asia Pacific Wine Market by Product Type
10.1 Sparkling Wine
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Still Wine
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Fortified Wine and Vermouth
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Asia Pacific Wine Market by Colour
11.1 Red Wine
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Rose Wine
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 White Wine
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Asia Pacific Wine Market by Distribution Channel
12.1 Hypermarket and Supermarket
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Speciality Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Online
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Asia Pacific Wine Market by Country
13.1 China
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Japan
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 India
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 ASEAN
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Australia
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 2204)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Treasury Wine Estates Ltd.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Constellation Brands, Inc.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Sula Vineyards Ltd.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Carlyle Group Inc. (Accolade Wines)
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 The Wine Group LLC
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Weilong Grape Wine Co. Ltd.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Tonghua Grape Wine Co. Ltd.
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Vicente Faria Vinhos, S.A.
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 Grover Zampa Vineyards
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Dynasty Fine Wines Group Ltd.
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Wine Market: Key Industry Highlights, 2018 and 2032
2. Asia Pacific Wine Market: Key Industry Highlights, 2018 and 2032
3. Asia Pacific Wine Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Asia Pacific Wine Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Asia Pacific Wine Historical Market: Breakup by Color (USD Million), 2018-2023
6. Asia Pacific Wine Market Forecast: Breakup by Color (USD Million), 2024-2032
7. Asia Pacific Wine Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
8. Asia Pacific Wine Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
9. Asia Pacific Wine Historical Market: Breakup by Country (USD Million), 2018-2023
10. Asia Pacific Wine Market Forecast: Breakup by Country (USD Million), 2024-2032
11. Major Exporting Countries by Value
12. Major Importing Countries by Value
13. Major Exporting Countries by Volume
14. Major Importing Countries by Volume
15. Asia Pacific Wine Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 6.6% between 2024 and 2032.
The different types of wine in the market are sparkling wine, still wine, and fortified wine and vermouth.
The different types of wine in the market are red wine, rose wine, and white wine, among others.
The different distribution channels of wine in the market include hypermarket and supermarket, speciality stores, and online, among others.
The different countries covered in the market report are China, Japan, India, ASEAN, and Australia, among others.
The key market players are Treasury Wine Estates Ltd., Constellation Brands, Inc., Sula Vineyards Ltd., Carlyle Group Inc. (Accolade Wines), The Wine Group LLC, Weilong Grape Wine Co. Ltd., Tonghua Grape Wine Co. Ltd., Vicente Faria Vinhos, S.A., Grover Zampa Vineyards, and Dynasty Fine Wines Group Ltd., among others.
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