Colombia Wine Market Report and Forecast 2024-2032

Colombia Wine Market Outlook

The Colombia wine market size reached approximately USD 197.2 million in 2023. The market is projected to grow at a CAGR of 4.20% between 2024 and 2032, reaching a value of around USD 285.57 million by 2032.

Key Takeaways

• Colombian wines are predominantly crafted from hybrid grape varieties that thrive in the warm and humid conditions typical of tropical regions. Besides, a small number of vinifera grapes, such as Cabernet Sauvignon and Chardonnay, are also cultivated in the region.

• La Unión, a town of medium size located in the Valle del Cauca department of Colombia, is known as the Wine Capital of Colombia.

• Vinos Don Cristobal is a popular winery that offers an exceptional assortment of wines crafted in the mountainous regions of Colombia.

The Colombia wine market growth is influenced by various factors, such as the implementation of sustainable and environmentally friendly production techniques, exceptional wine production, and the introduction of diverse grape varieties. Additionally, the rising trend of wine consumption during social gatherings also plays a significant role in driving the market.

The presence of numerous distribution channels in Colombia has greatly benefited the wine market in the country. This has made it convenient for the population to access their favourite alcoholic beverages, including top-quality Colombian wines, which are readily available in hotels, supermarkets, and restaurants. The availability of different wine varieties in high-end restaurants has also played a role in expanding the market. Additionally, the emergence of online wine retailers, such as 1000 Corks, gotoLiquorStore, and Wine to Ship is also leading to the Colombia wine market expansion.

The increasing interest from both residents and tourists from around the world in experiencing the distinct and authentic tastes of Colombian wine is playing a significant role in the market expansion. Exploring the stunning vineyards of the country is a popular choice for numerous visitors. For instance, the Ain Karim vineyard, situated close to Villa de Leyva, which is renowned as one of Colombia's most charming towns, is a prime attraction.

Market Segmentation

Colombia Wine Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• Still Wine

• Sparkling Wine

• Fortified Wine and Vermouth

• Others

Market Breakup by Colour

• Red Wine

• White Wine

• Others

Market Breakup by Distribution Channel

• On-Trade

• Off-Trade

Competitive Landscape

Market stakeholders are placing a greater emphasis on producing unique and premium wines, such as sparkling and organic varieties. Moreover, industry leaders are concentrating on implementing sustainable manufacturing practices to appeal to environmentally conscious consumers.

• Bacardi & Company Limited

• Vinal Colombia SAS

• Casa Grajales SA

• Viñedo Umaña Dajud

• VINCORTE SA

• PDC Vinos Y Licores SAS

• Others

Key Highlights of the Report