People in Portugal consume more wine than any other country worldwide, according to a study of 2022. In that year, the European country reached an annual per capita consumption of nearly 52 liters. Following in the list was France, with wine lovers consuming around 47 liters of wine on average that year.

Global wine production

In addition to having the third highest per capita wine consumption, France produces more wine than any other country in the world. In 2023, the production volume of French wine amounted to 48 million hectoliters. In comparison, the largest non-European wine producer, the United States, occupied the fourth position that year with less than half of that figure.

Wine consumption in the United States

In terms of total consumption, the United States consumes more wine than any other country, at 33.3 million hectoliters in 2023. Barefoot and Josh Cellars were the leading table wine brands in the country in that year.

The United States consumes the largest volume of wine of any country, at 33.3 million hectoliters in 2023. At 24.4 million hectoliters, France was the second leading consumer of wine worldwide. Types of Wine As anyone who has perused the wine aisle of a grocery store knows, there are dozens of varieties of wine on the market, which are produced from different types of grapes. For instance, some of the more common varieties are Riesling grapes, Syrah grapes, and Merlot grapes. In the United States, Merlot was the most popular variety of wine among consumers in 2018. Global Wine Production Italy, France, and Spain are the top wine producing countries worldwide, by a significant margin. In 2022, Italy’s wine production amounted to 49.8 million hectoliters. In 2022, the total volume of wine produced was estimated to be around 258 million hectoliters worldwide. Although global wine production has seen a net increase over the last two decades, the surface area covered by vineyards has decreased during that time period.

In 2022, wine consumption worldwide was estimated to amount to 221 million hectoliters, down from 247 million hectoliters in 2017. Wine is an alcoholic drink commonly made from fermented grapes. Wines not made from grapes involve the fermentation of several other sources such as rice, plum, cherry, pomegranate, and elderberry. The origins of wine can be traced back to 6000 BC from the country of Georgia. The global wine market The global wine market is segmented by color; most notably red, rose, and white wine. Product types include still, sparkling, dessert, and fortified wine. Wine is sold and distributed by supermarkets, specialty stores, convenience stores, and online channels. The largest wine-producing regions are located in Italy, Spain, France, the United States, and China. Sparkling wine, champagne more specifically, is seen as status symbol and often consumed at celebratory events. As of 2018, the highest-selling sparkling wine and champagne brand is the Italian-based La Marca. Wineries have started to explore differing forms of packaging such as cans and cartons to create the perception of their product as an everyday drink.

In 2023, the Chinese population consumed approximately 680 million liters of wine, placing China among the ten leading wine consuming countries worldwide. The year 2017 witnessed the highest wine consumption in the country in the past decade. China’s wine market Wine has been produced in China since around the Han dynasty (206 BC–220 AD). For a long time, grape wine was deemed as a symbol of social status and luxury in China. Chinese consumers tend to spend more for better quality wine, whereas the lower value end of the market is losing traction. Imported wines account for around 40 percent of the wine market in the country. In 2023, China was the eighth largest global wine importer, with the import value amounting to approximately one billion euros. In 2023, China’s retail sales of wine amounted to approximately 26 billion U.S. dollars. Consumers tend to do wine research and purchasing online, on popular e-commerce platforms such as JD.com, Taobao and Tmall. Which wine is the Chinese consumer’s favorite? Red wine is by far the most popular type of wine among Chinese consumers. Around 80 percent of all the wine consumed in China is red. China surpassed France and Italy as the world’s largest red wine consumer in 2014. Changyu is the most popular domestic red wine brand in China. Yet despite its lower prices, the majority of wine consumers still prefer foreign brands, particularly French, and are becoming increasingly selective.

Wine Market size was valued at USD 336.03 billion in 2023 & is projected to reach USD 462.2 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.64% during the forecast period 2024-30.

Portugal is leading the ranking by combined volume per capita in the 'Wine' segment of the alcoholic drinks market, recording 54.94 litres. Following closely behind is France with 39.3 litres, while the Philippines is trailing the ranking with 0.11 litres, resulting in a difference of 54.83 litres to the ranking leader, Portugal. Find other insights concerning similar markets and segments, such as a ranking by country regarding revenue in the cider, perry & rice wine segment of the alcoholic drinks market and a ranking by country regarding revenue in the spirits segment of the alcoholic drinks market. The Statista Market Insights cover a broad range of additional markets.

Snapshot img

Rice Wine Market Size 2024-2028

The rice wine market size is forecast to increase by USD 3.00 billion at a CAGR of 4.36% between 2023 and 2028. The market is experiencing significant growth due to several key trends. The increasing use of online sales channels is driving market growth, as consumers turn to e-commerce platforms for convenience and access to a wider selection of rice wines. Additionally, the growing popularity of rice wine in cocktails and cuisines is expanding its application beyond traditional uses, making it a versatile beverage choice for consumers.

However, the market faces challenges from increasing competition from other wines, particularly from the growing popularity of other types of alcoholic beverages. Producers must differentiate themselves through product innovation, pricing strategies, and effective marketing to maintain market share. Overall, the market is expected to continue its growth trajectory, driven by these trends and challenges.

Request Free Sample

The market is a significant segment of the alcoholic beverage industry, characterized by the production and consumption of fermented rice-based drinks. Unlike grapes used for wine, rice is the primary ingredient, and the fermentation process involves yeast and sugar. Rice wine offers unique flavor profiles, with taste and aroma varying depending on the type, such as Yogurt Sake, Red Rice Wine, Rose Rice Wine, and Sparkling Rice Wine. Rice wine's nutritional properties include amino acids, sugars, vitamins, and minerals, making it an attractive alternative to grapes-based wines, beer, and low-alcohol beverages. The health benefits of rice wine are attributed to its fermented rice base, which is rich in rice starches and mold strains, contributing to its unusual tastes.

The market caters to the beverage business by offering a diverse range of alcoholic beverages, including those used in Asian fusion cuisine. The alcohol content in rice wine can vary, making it suitable for different consumer preferences. The taste and aroma of rice wine make it a popular choice for both cooking and as a standalone beverage. The market is expected to grow due to its unique flavor profiles and expanding consumer base seeking healthier alcoholic beverage options.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

Type

  Sake wine
  Makgeolli wine
  Others


Distribution Channel

  Offline
  Online


Geography

  APAC

    China
    Japan
    South Korea


  Europe

    UK


  North America

    US


  Middle East and Africa



  South America

By Type Insights

The sake wine segment is estimated to witness significant growth during the forecast period. Rice wine, a significant segment of the global alcohol market, gained prominence in 2023 with sake leading the way. Sake, an alcoholic beverage with Japanese origins, is produced through the fermentation of polished rice. Its translucent hue, sweet taste, and alcohol content ranging from 14 to 16 percent make it distinct from other alcoholic beverages like grapes used for wine, beer, or yogurt sake. Sake's cultural significance is evident in its ceremonial serving, where it is warmed and served in porcelain bottles and cups. Rice wine's nutritional properties include amino acids, sugars, vitamins, and minerals. Umami flavor and low acidity contribute to its unique taste and aroma.

Furthermore, sake's health benefits include antioxidant properties and digestion benefits, making it a preference for health-conscious consumers. The NoLo movement and the non-alcoholic category have seen an influx of rice wine blends and new flavors. Traditional brewing methods preserve cultural heritage and attract tourists. Rice farmers and brewers benefit financially from this market. Red wine, rose wine, and sparkling wine are alternative alcoholic beverages, but rice wine's distinct umami flavor and cultural significance set it apart. Asian fusion cuisine and flavor combinations in Asian cooking methods further expand rice wine's applications as a beverage.

Get a glance at the market share of various segments Request Free Sample

The Sake wine segment was valued at USD 4.71 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 67% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market share of various regions Request Free Sample

The market in APAC is projected to experience significant growth in the Alcoholic Beverage Market during the forecast period. With a rich cul

The alcohol consumption per capita ranking is led by Romania with 16.96 liters, while Georgia is following with 14.52 liters. In contrast, Bangladesh is at the bottom of the ranking with 0.01 liters, showing a difference of 16.95 liters to Romania. Depicted is the estimated alcohol consumption in the country or region at hand.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).

According to Cognitive Market Research, the global Health Wine market size is USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.30% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.3% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Cold-maceration held the highest Health Wine market revenue share in 2024.

Market Dynamics of Health Wine Market

Key Drivers for Health Wine Market

Growing Knowledge of the Advantages of Health and Wellbeing to Propel Market Growth

The market for health wine is expanding as people become more conscious of the advantages to their health and well-being. Health is becoming more and more important to consumers, who are looking for beverages with useful ingredients like vitamins and antioxidants. The market for health wines is driven by the shift towards holistic wellness and preventive health measures. This trend is supported by scientific research emphasizing the benefits of moderate wine intake, particularly the cardiovascular benefits of red wine, as well as endorsements from the media and influential people. Further boosting market expansion are dietary shifts towards natural and organic products and the fitness community's adoption of functional beverages. The development of the health wine market is largely driven by consumers who are concerned about the environment and who are drawn to the growing use of sustainable and eco-friendly production processes.

Increasing Popularity of Drinks Without or With Minimal Alcohol Content to Boost Market Growth

The health wine market is expanding due to the growing demand for beverages with low or no alcohol content. Consumers who are concerned about their health want to enjoy wine without the risks associated with alcohol. Events like "Dry January" and trends like "sober curiosity" increase demand for low- and no-alcohol solutions. These drinks are preferred by fitness enthusiasts and athletes for faster recovery, while the general public is becoming more accepting of alcohol-free beverages. Low-alcohol wines taste better because of technological advancements in winemaking, which increases their attractiveness. In addition, tax breaks and regulatory support for low-alcohol beverages promote market growth and satisfy consumers' growing need for healthier options.

Restraint Factor for the Health Wine Market

High Production Costs

The market for health wines is being severely limited in its growth by high manufacturing costs. For health wines, organic and biodynamic cultivation methods are more costly and labor-intensive. Production costs rise even more when vitamins and plants that promote health are added. Costs are further increased by stringent certification and quality control procedures for organic and health claims. When compared to mass manufacturing, the cost per unit of many health wine manufacturers is higher because of their smaller operations. Increasing costs are also a result of ongoing research and development into better formulas and environmentally friendly production techniques. Expensive, environmentally friendly packaging materials drive up prices even more, limiting the availability of health wines for consumers on a tight budget and impeding the expansion of the sector.

Impact of COVID-19 on the Health Wine Market

The health wine market has been affected by the COVID-19 outbreak in a variety of ways. Health wines were among the products that customers sought as a result of the pandemic's ...

The global fruit wine market size is expected to rise at a CAGR of 10.4% over the forecast period 2024 to 2034. The market is anticipated to attain a valuation of US$ 2,486.7 million by 2034 from US$ 921.0 million in 2024.

Attributes	Key Insights
Fruit Wine Market Estimated Size (2024E)	US$ 921.0 million
Projected Fruit Wine Market Valuation (2034F)	US$ 2,486.7 million
Value-based Fruit Wine Market CAGR (2024 to 2034)	10.4%

Country-wise Insights

Countries in the Fruit Wine Market	Value-based CAGR (2024 to 2034)
United States	10.0%
United Kingdom	8.2%
Australia	8.5%
Germany	9.5%

Category-wise Insights

Product Type	Apple Wine
Market Share (2024)	25.3%

Wine Category	Sparkling Fruit Wine
Market Share (2024)	35.0%

Sales Channel	Food Service
Market Share (2024)	45.0%

Scope of the Report

Attribute	Details
Estimated Fruit Wine Market Size (2024)	US$ 921.0 million
Projected Fruit Wine Market Size (2034)	US$ 2,486.7 million
Anticipated Growth Rate (2024 to 2034)	10.4%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Fruit Wine Market Analysis	US$ million for Value, MT for Volume
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia, and the Middle East & Africa
Key Countries Covered	United States, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others.
Key Segments Covered	Product Type, Wine Category, Sales Channel, and Region
Key Companies Profiled	Accolade Wines Trinchero Family Estates Field Stone Fruit Wines Lyme Bay Winery Cairn o' Mohr Accolade Wines Wine That's Fruit Celtic Country Wines Bruntys Wildberry Beverages Pvt. Ltd. Hill Zill Wines Pvt. Ltd. Other Players
Fruit Wine Market Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

The global wine racks market is expected to grow from US$ 1,345.3 Million in 2023 to US$ 2,298.0 Million by 2033, with overall sales accelerating at 5.5% CAGR throughout the forecast period. The rising production and consumption of wine across the world is a key factor driving the demand for wine racks in the market.

Attribute	Key Insights
Wine Racks Market Base Value (2022)	US$ 1,275.2 Million
Estimated Market Value (2023)	US$ 1,345.3 Million
Projected Market Value (2033)	US$ 2,298.0 Million
Value-based CAGR (2023 to 2033)	5.5%
Global Market Share of USA, Germany, Japan, and Australia	64.7%

Wine Racks Market Report Scope

Attribute	Details
Estimated Market Size (2023)	US$ 1,345.3 Million
Projected Market Size (2033)	US$ 2,298.0 Million
Anticipated Growth Rate (2023 to 2033)	5.5% CAGR
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	US$ Million for Value and Units for Volume
Key Regions Covered	North America Latin America Europe Asia Pacific Oceania Middle East and Africa (MEA)
Key Countries Covered	USA Canada Mexico Germany UK France Italy Spain China Japan India South Korea Australia Brazil Argentina South Africa UAE
Key Segments Covered	Material Product Type Application Technology Region
Key Companies Profiled	HAIER Enofrigo Liebherr Danby PERLICK Eurocave Electrolux Avanti SUB-ZERO EDGESTAR
Report Coverage	Company Share Analysis, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, Strategic Growth Initiatives, Market Forecast, Competitive Landscape,

According to Cognitive Market Research, The Global market for Grape Harvesting Machines is valued at USD 3.2 billion in 2023 it is projected to show a CAGR of 5.9% from 2023 to 2030.

Labor shortages, influenced by changing demographics and immigration policies, are driving the growth of the Grape Harvesting Machine Market as grape growers increasingly turn to automation to address the diminishing availability and rising costs of manual labor, enhancing efficiency and profitability in grape farming.
The global demand for wine is a significant driver of the Grape Harvesting Machine Market, with vineyards and wineries investing in modern machinery to enhance efficiency and maintain grape quality amid the increasing global thirst for wine, particularly in emerging wine-producing regions.
The "Compact Grape Harvesting Machines" category stands out as the fastest growing.
North America will continue to lead and experience the strongest growth, whereas Asia Pacific is expected to be the most rapidly growing region in the forecast period. 

Labor Shortages is Driving the Grape Harvesting Machine Market

The increasing demand for grape products, driven by a growing global population and shifting food preferences, is a key driver fueling the expansion of the Grape Harvesting Machine Market. As the world's population continues to rise, coupled with a trend towards healthier eating habits and the consumption of grape-based products such as wine, juices, and raisins, grape cultivators and wineries are under pressure to meet these demands. To do so efficiently, they are increasingly turning to advanced grape harvesting machines that can optimize grape harvesting operations, ensure product quality, and cater to the burgeoning market for grape-related products. This surge in need is particularly evident in regions experiencing a rise in wine consumption and grape-derived products.

Expansion of Wine Consumption is Boosting Market Growth

The expansion of wine consumption driven by shifting consumer preferences and the growing awareness of wine's health benefits, coupled with the proliferation of wine production in non-traditional regions, has spurred a demand for efficient grape harvesting solutions. Vineyard owners and wineries, cognizant of the imperative to maintain grape quality and meet escalating wine demands, are directing investments toward contemporary grape harvesting machinery. This trend is especially prominent in emerging wine-producing regions, where the adoption of mechanization not only alleviates labor shortages but also substantially enhances production capabilities and elevates the overall quality of wine products.

Cost Reduction

Market Dynamics of Grape Harvesting Machine

Diverse Vineyard Settings is Limiting the Adoption of Grape Harvesting Machines 

Vineyards come in a wide range of configurations, making it challenging for Grape Harvesting Machines to seamlessly adapt to these diverse layouts. In particular, steep slopes and irregularly spaced vines pose significant challenges. Given the delicacy of grape clusters, precise handling is crucial, and machines may struggle to replicate the level of skill and attention to detail provided by human harvesters. This limitation introduces the risk of grape damage and potential reductions in overall grape quality. Consequently, certain vineyards, especially those featuring unique topographies or distinct vine arrangements, may require additional assistance or customization to fully embrace Grape Harvesting Machines, thereby limiting their broader adoption in the market.

Impact of COVID-19 on the Grape Harvesting Machine Market

The grape harvesting machine market experienced significant repercussions as a result of the COVID-19 pandemic. Initially, disruptions in global supply chains caused delays and shortages in the availability of Grape Harvesting Machines. Concurrently, labor shortages resulting from lockdowns and travel restrictions drove growers to seek mechanized alternatives to compensate for reduced workforces. This, in turn, accelerated the adoption of automation in agriculture as growers aimed to minimize human contact during harvesting. While economic uncertainties led some growers to delay machinery investments, others recognized the long-term benefits of automation. Introduction of Grape Harvesting Machine

The expansion of the grape harvesti...

It is estimated that alcohol contributes to around three million deaths worldwide per year. That is about five percent of all deaths each year. The major causes of alcohol-related death include alcohol poisoning, liver damage, heart failure, cancer, and car accidents.

Alcohol abuse worldwide Despite the widespread use of alcohol around the world, a global survey from 2021 of people from 30 different countries, found that around 11 percent of respondents stated alcohol abuse was the biggest health problem facing people in their country. It is currently estimated that around 1.38 percent of the global population has alcohol use disorder, however binge drinking and excessive alcohol use, both of which carry health risks, are much more common. The countries with the highest per capita consumption of alcohol include Czechia, Latvia, and the Republic of Moldova.

Alcohol consumption in the United States It is estimated that around 60 percent of adults in the United States aged 21 to 49 years currently use alcohol. Binge drinking (four or more drinks for women and five or more drinks for men on a single occasion) is most common among those aged 21 to 25 years, but still around 29 percent of those aged 40 to 44 report binge drinking. The states with the highest share of the population who binge drink are Wisconsin, North Dakota, and Montana. The death rate due to alcohol in the United States was around 13 per 100,000 population in 2020, an increase from a rate of 10.4 per 100,000 recorded in 2019.

The global low-alcohol beverages market estimated at US$ 1.41 billion in the year 2023, is projected to reach a revised size of US$ 2.36 billion by 2033. This is expanding at a CAGR of 5.3% over the analysis period. Young people's desire to adopt healthy drinking habits and the growing popularity of mindful drinking are predicted to fuel the growth of the low-alcohol beverage industry in the future.

Attributes	Details
Low-alcohol Beverages Market Value (2023)	US$ 1.41 billion
Low-alcohol Beverages Market Expected Value (2033)	US$ 2.36 billion
Low-alcohol Beverages Market Projected CAGR (2023 to 2033)	5.3%

Global Low-alcohol Beverages Market Historical Analysis (2017 to 2022) Vs. Forecast Outlook (2023 to 2033)

Attribute	Details
Historical CAGR (2016 to 2022)	3.8%
Historical Market Value (2022)	US$ 1.21 billion
Forecast CAGR	5.3%

Scope of Report

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	US$ Million for Value and MT for Volume
Key Regions Covered	North America Latin America Europe The Middle East and Africa East Asia
Key Countries Covered	The USA, Canada, Brazil, Mexico, Chile, Peru, Germany, UK, Spain, Italy, France, Russia, Poland, China, India, Japan, Australia, New Zealand, GCC Countries, North Africa, South Africa, and Turkey
Key Segments Covered	Type Distribution Channel Region
Key Companies Profiled	Accolade Wines Australia Ltd. Allagash Brewing Co. Anheuser Busch InBev SA NV Asahi Group Holdings Ltd. Bacardi Ltd. Beam Suntory Inc. Bells Brewery Inc. Carlsberg Breweries AS CODYs Drinks International GmbH Constellation Brands Inc. Curious Elixirs Diageo Plc Heineken NV Kirin Holdings Co. Ltd. Molson Coors Beverage Co.
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Snapshot img

Cognac Market Size 2023-2027

The cognac market size is projected to increase by USD 897.31 million at a CAGR of 3.64% between 2022 and 2027.

The future of cognac looks promising, driven by the increasing appreciation for its health benefits, the rise of online platforms for distribution, and growing popularity in China. The market is also benefiting from the trend toward premiumization and the growing interest in luxury spirits such as cognac and luxury whiskey. Rising disposable incomes in emerging markets, especially in Asia, and the expanding reach of e-commerce platforms are making cognac more accessible, enhancing its position among premium spirits.

What will be the Size of the Cognac Market During the Forecast Period?

To get additional information about the cognac market report, Request Free Sample

Cognac Market Segmentation

The cognac market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Distribution Channel

  Off trade
  On trade


Product

  VS
  VSOP
  XO


Type

  Value
  Premium
  High-end Premium
  Super Premium


Geography

  North America

    US


  APAC

    China
    Singapore


  Europe

    Germany
    UK


  South America



  Middle East and Africa

By Product

VS cognacs consist of Eaux-de-vie aged for a minimum of two years. These are also known as 3 stars or luxury. Some top-rated brands of VS cognac are Hennessey VS, Martell VS, and Courvoisier VS. These have a strong and sometimes very hard woody taste with spice and vanilla flavors that are reminiscent of young wood. The VS cognac does not have that delicate flavor and so is generally consumed with ice or water. The VS cognac, which is usually used in cocktails and mixed drinks, is not very recommended. This segment accounts for the largest share of the global market due to the low price. As they are aged for a less duration compared with VSOP and XO, their price is lower than that of the other two varieties. Therefore, all such factors will drive the growth of the VS segment in the market during the forecast period.

VSOP stands for very superior old pale or very special old pale, based on the brand. This is made from Eaux-de-vie, which is a clear, colorless fruit brandy that is distilled from wine. VSOP is extracted from the grapes grown in the cognac region in France. They have the finest quality. It has a light feel and a fresh citrus taste. It gives a citrus flavor immediately after consumption and a woody flavor after some time. For starters, VSOP cognac is a fine choice because it is mild and it's not overpowering. They are often eaten neat and chilled after meals. The emergence of online distribution platforms, increasing disposable income, and the growing demand for premiumization will increase the demand for VSOP, which will drive the growth of the VSPO segment in the market during the forecast period.

By Distributional Channel

The market share growth by the off trade segment will be significant during the forecast period. The off-trade market includes all the retail outlets like hypermarkets, supermarkets, convenience stores, mini markets, kiosks, wines, and spirits shops, among others. In 2022, The majority of the market share is held by the off-trade or off-premise, and distribution channels in terms of revenue and convenience stores account for more than any other segment.

For a detailed summary of the market segments. Request Sample Report

The off trade segment was valued at USD 2.07 billion in 2017. Consumers prefer to purchase their drinks from different liquor shops because of the lower prices offered to them compared with all other on-trade distributional channels. Moreover, people fond of collecting and tasting numerous brands prefer to buy from off-trade channels. Therefore, all such factors will spur the growth of the off-trade segment in the market during the forecast period.

On trade or on-premise distribution channels allow customers to consume their drinks at the place of purchase. Places such as restaurants, bars, pubs, and hotels are included in this segment. Due to relatively strong prices, the growth of this segment has slowed down as opposed to that of Off Trade channels. The rising number of new restaurants as well as people who eat outside their homes is another factor that underpins this segment's estimated growth. Specific dishes and recipes sold in fine-dine restaurants are frequently opted for by consumers preferring these products. Along with that, the demand for various cocktails and alcoholic beverages is adding to the growth of the channel.

By Region

Get a glance at the market share of various regions. View PDF Sample

North America is estimated to contribute 33% to the growth of the global market during the forecast period. Tech

In 2019, Barbados and Saint Lucia had the highest level of alcohol consumption in Latin America and the Caribbean among its population aged 15 years and older, with around 9.5 liters of pure alcohol per capita consumed yearly. Antigua and Barbuda was the third country with the highest per capita alcohol consumption in the region, with an estimated 8.5 liters of alcohol per person, followed by Grenada and Argentina.

Worldwide deaths related to alcohol use Alcohol use beyond certain limits is commonly associated with chronic conditions such as liver disease, high blood pressure, heart disease, cancer, and mental health conditions. As of 2022, the estimated number of deaths due to alcohol use worldwide amounted to three million, representing around five percent of all deaths globally during that year. While Barbados and Saint Lucia led the ranking of alcohol consumption in Latin America in 2019, Czechia and Latvia were the countries that reported the highest consumption per capita of alcohol worldwide that same year, with an average of more than 13 liters per person annually.

Heavy episodic drinking in the region According to a survey carried out in 2022, around 13 percent of respondents from selected nations indicated alcohol abuse was among the biggest health challenges faced by people in their countries. From a regional perspective, it was estimated that around one in every four women and four in every ten men experienced heavy episodic drinking during the first months of the COVID-19 pandemic, a decrease in comparison to 2019 figures and impacted by contention measures carried out during the beginning of the outbreak. Nine in ten of the people who did experience heavy episodic drinking did not seek any help.

In 2024, China imported approximately 280 million liters of wine, up from around 250 million liters in the previous year. Meanwhile, the annual wine import value increased by about 37 percent.   Wine production  China is the leading grape producer in the world and the second major country with the largest vineyard area after Spain and France. Historically, grape wine has been known and consumed in China for hundreds of years. However, other types of alcoholic beverages, mostly made of rice or sorghum, have been accepted more widely. The first Chinese winery – Changyu – was founded in 1892 and became the largest winemaker in the country. Henan and Jiangsu provinces are the leading wine producing regions accounting for more than half of the national wine production volume. In 2023, China produced around 11.8 million liters of wine and relied heavily on imports. Wine imports    Along with a sudden decrease in wine consumption since 2018, the import volume of wine into China has been decreasing over the past years. Wine is no longer a special occasion or a gift-giving trend, but rather a new emerging norm among the younger, urban population. Most of the young Chinese consumers prefer buying imported wines online, highly prioritizing red French wines. Hence, France is one of China's major wine suppliers.

Nigerians consumed over 13 liters of alcohol per capita in 2019, making it the leading country in terms of alcohol consumption per capita that year. The Kingdom of Eswatini and South Africa ranked second and third respectively, with just under ten liters per person. Per capita consumption worldwide In 2018, Russia was the leading country and region in terms of alcohol consumption per capita. The average Russian person drank almost twice as many alcoholic servings as the average African person that year. The most sold alcoholic beverages in the Russian Federation in 2018 were beer and malt beverages: over 7 billion liters of these alcoholic drinks were sold to the population. Illicit alcohol market in Africa The production and consumption of unrecorded alcoholic beverages can be dangerous and, in some instances, lethal. However, it is quite common in Sub Saharan Africa and Asia. Producing alcohol at home is a deeply rooted tradition in certain countries and these locally produced beverages tend to be cheaper than the commercial equivalents. Over 60 percent of Uganda’s alcohol market was illicit in 2018, making it the country with the largest illicit alcohol market in Africa.

A December 2021 study analyzed the main destinations worldwide for wine tourism. It ranked the selected countries based on a series of factors, such as the average consumption of wine, the average cost of a bottle, and the number of wine tours per 100 thousand people. With an index score of 8.28 out of 10, Italy emerged as the leading destination for wine lovers. Of the 10 leading wine countries in the ranking, six were in Europe.

The global combined volume in the alcoholic drinks market was forecast to continuously decrease between 2024 and 2029 by in total 2.3 billion litres (-0.83 percent). According to this forecast, in 2029, the combined volume will have decreased for the sixth consecutive year to 281.9 billion litres. Find other key market indicators concerning the revenue and revenue growth. The Statista Market Insights cover a broad range of additional markets.