Still Wine Market Size, Share, Growth Analysis, By Type Outlook(Red Wine, White Wine), By Distribution Channels(Supermarkets, Wine Shops) - Industry Forecast 2024-2031

Still Wine Market size was valued at USD 264.50 billion in 2022 and is poised to grow from USD 277.46 billion in 2023 to USD 406.82 billion by 2031, growing at a CAGR of 4.90% during the forecast period (2024-2031).

While there are multiple major participants in the industry, the competitive environment is only somewhat fragmented. The Wine Group, John Distilleries, International Beverage Holdings, Distell Group, and Halewood Wines are a few of the top competitors with sizable market shares. The producers are putting their attention into creating fresh formulations and releasing new goods onto the market. For instance, the Spanish liquor manufacturer Familia Torres stated that it would be introducing a brand-new, pleasurable and decadent red wine to complement its existing Priorat wine selection. 'E. & J. Gallo Winery', 'Constellation Brands', 'The Wine Group', 'Treasury Wine Estates', 'Accolade Wines', 'Castel Group', 'Pernod Ricard', 'Concha y Toro', 'Viña Concha y Toro', 'Kendall-Jackson Vineyard Estates', 'Bodegas Torres', 'Trinchero Family Estates', 'Jackson Family Wines', 'Bronco Wine Company', 'Sutter Home Winery', 'Ste. Michelle Wine Estates', 'Barefoot Cellars', 'Francis Ford Coppola Winery', 'Santa Margherita USA', 'Yellow Tail'

The production and consumption of wine have experienced remarkable growth over the last few decades, which has led to an increase in the pattern of consumption. Today, industrialization, social interactions, and the growing embrace of western culture are some of the elements encouraging alcohol socialization among consumers. The market for low-alcohol beverages is expanding as drinking alcohol is increasingly seen as a sign of social standing. Because to its refreshing appeal and low ABV offerings, it is becoming extremely popular among young people and millennials. In developing nations, it is typically offered as a table drink with everyday cuisine and is primarily connected with a number of occasions. The market will continue to rise as a result of the manufacturers' increased motivation to release and offer novel items.

Increasing wine consumption will drive market expansion

Europe region dominated the market since it offers one of the most alluring product ranges. It has long been intertwined with specific cultures and celebrations that use the item as a mark of honour. This is one of the main drivers of market expansion in the region. The European Union consumed 48% of the world's wine in 2021, with an anticipated volume of 118 mhl, according to the International Organization of Vine and Wine (OIV). France continues to be a significant consumer despite the fact that the per capita consumption has been on the decline since the a few years ago. Italy is the second-largest market in the EU. The rising popularity of this product is related to the youthful working population's increased acceptance of low ABV beverages in their busy daily routines. As a result, producers are being encouraged by market demand to release fresh, cutting-edge items.

Still Wine Market size was valued at USD 264.50 billion in 2022 and is poised to grow from USD 277.46 billion in 2023 to USD 406.82 billion by 2031, growing at a CAGR of 4.90% during the forecast period (2024-2031).

While there are multiple major participants in the industry, the competitive environment is only somewhat fragmented. The Wine Group, John Distilleries, International Beverage Holdings, Distell Group, and Halewood Wines are a few of the top competitors with sizable market shares. The producers are putting their attention into creating fresh formulations and releasing new goods onto the market. For instance, the Spanish liquor manufacturer Familia Torres stated that it would be introducing a brand-new, pleasurable and decadent red wine to complement its existing Priorat wine selection. 'E. & J. Gallo Winery', 'Constellation Brands', 'The Wine Group', 'Treasury Wine Estates', 'Accolade Wines', 'Castel Group', 'Pernod Ricard', 'Concha y Toro', 'Viña Concha y Toro', 'Kendall-Jackson Vineyard Estates', 'Bodegas Torres', 'Trinchero Family Estates', 'Jackson Family Wines', 'Bronco Wine Company', 'Sutter Home Winery', 'Ste. Michelle Wine Estates', 'Barefoot Cellars', 'Francis Ford Coppola Winery', 'Santa Margherita USA', 'Yellow Tail'

The production and consumption of wine have experienced remarkable growth over the last few decades, which has led to an increase in the pattern of consumption. Today, industrialization, social interactions, and the growing embrace of western culture are some of the elements encouraging alcohol socialization among consumers. The market for low-alcohol beverages is expanding as drinking alcohol is increasingly seen as a sign of social standing. Because to its refreshing appeal and low ABV offerings, it is becoming extremely popular among young people and millennials. In developing nations, it is typically offered as a table drink with everyday cuisine and is primarily connected with a number of occasions. The market will continue to rise as a result of the manufacturers' increased motivation to release and offer novel items.

Increasing wine consumption will drive market expansion

Europe region dominated the market since it offers one of the most alluring product ranges. It has long been intertwined with specific cultures and celebrations that use the item as a mark of honour. This is one of the main drivers of market expansion in the region. The European Union consumed 48% of the world's wine in 2021, with an anticipated volume of 118 mhl, according to the International Organization of Vine and Wine (OIV). France continues to be a significant consumer despite the fact that the per capita consumption has been on the decline since the a few years ago. Italy is the second-largest market in the EU. The rising popularity of this product is related to the youthful working population's increased acceptance of low ABV beverages in their busy daily routines. As a result, producers are being encouraged by market demand to release fresh, cutting-edge items.