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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Spain Wine Market Outlook
The Spain wine market size reached USD 10.66 billion in 2023. The market is projected to grow at a CAGR of 4.1% between 2024 and 2032, reaching almost USD 15.30 billion by 2032.
Key Takeaways:
- Off-trade consumption of wine is expected to constitute a major portion of the market share.
- Spain is the third most important country for wine production globally.
- Red wine is expected to dominate the market over the forecast period.
The emergence of new wine retail stores with a wide product assortment is becoming increasingly popular among consumers, thereby driving the Spain wine market growth. Moreover, the increasing preference for boxed and canned wine among millennials and Gen Z is expected to propel the demand for sustainably packaged alcoholic beverages, which helps minimise the overall environmental footprint.
The integration of AR tools into wine bottles is transforming the experience of purchasing wine among consumers. Such tools enable consumers to better comprehend the cultivation and fermentation processes behind winemaking, which is contributing towards the Spain wine market development.
The use of blockchain technology for authenticating fine wines has become increasingly popular in recent years, propelling the Spain wine market expansion. Blockchain technology enhances the traceability of wines, reduces operational expenses, tracks capabilities, and improves quality assurance.
The adoption of technologically advanced robots and drones is facilitating wine growers in enhancing their crop yield and quality. This is contributing towards sustainable farm management practices and influencing the Spain wine market expansion favourably. Changing consumer preferences for wine are expected to fuel further innovations in the market in the forecast period.
Market Segmentation
Spain 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
The key Spain wine market players are Bacardi & Company Limited, Brown-Forman Corporation, Pernod Ricard SA, Codorníu, S.A., Maison Benoit Valérie Calvet, Vinos de los Herederos del Marqués de Riscal S.A., Vivanco Enoturismo Y Experiencias S.L, Protos Bodega Ribera Duero De Peñafiel, SL, Comercial Grupo Freixenet, SA, and Diego Zamora, S.A., among 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 |
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| Breakup by Colour |
|
| Breakup by Distribution Channel |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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.*
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Key Questions Answered in the Report
The market was valued at nearly USD 10.66 billion in 2023.
The market is projected to grow at a CAGR of 4.1% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 15.30 billion in 2032.
The different distribution channels in the market include on-trade and off-trade.
The different product types in the market include still wine, sparkling wine, and fortified wine and vermouth, among others.
The different segments colours of wine considered in the market report are red wine, and white wine, among others.
The key market players are Bacardi & Company Limited, Brown-Forman Corporation, Pernod Ricard SA, Codorníu, S.A., Maison Benoit Valérie Calvet, Vinos de los Herederos del Marqués de Riscal S.A., Vivanco Enoturismo Y Experiencias S.L, Protos Bodega Ribera Duero De Peñafiel, SL, Comercial Grupo Freixenet, SA, and Diego Zamora, S.A., among others.
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