WINE MARKET ANALYSIS

Regional Analysis

Global Wine Market- Regional Insights

• Europe is the largest market for wine, accounting for market share of 46.0% in 2023. The market growth in Europe can be attributed to increasing demand for wine in countries such as France, Germany, the Netherlands, and Russia, due to wine consumption is becoming a social status symbol.
• North America is expected to account for 21% of the market share in 2023. The market growth in North America can be attributed to increasing demand for wine in countries such as the U.S. and Canada, owing to rising disposable income among consumers.
• Asia Pacific is expected to account for 18% of the market share in 2023. The market growth in Asia Pacific can be attributed to increasing demand for wine in countries such as India and China, due to shifts in consumer preferences and behaviors.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, and Mexico
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa:  GCC Countries, Israel,  and Rest of Middle East