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Still Wine Market To Reach USD 423.91 Billion By Year 2032

The Still Wine market was worth USD 266.32 Billion in 2023. As such, the forecast is that the market is expected to reach USD 423.91 Billion by 2032 with a CAGR of 5.3% over the period from 2024 to 2032.

26-06-2024
Swati Kalagate
Chemical and Materials
Pristine Intelligence LLP

According to a new report published by Pristine Intelligence, titled, “Still Wine Market by Component, Deployment Organization Size, Application and Industry: Global Opportunity Analysis and Industry Forecast, 2024–2032,” The Still Wine market was worth USD 266.32 Billion in 2023. As such, the forecast is that the market is expected to reach USD 423.91 Billion by 2032 with a CAGR of 5.3% over the period from 2024 to 2032. Still wine refers to a type of wine that is produced without carbonation, meaning it is non-sparkling and doesn't have bubbles. It is the most common type of wine and can be classified into several categories based on its color, sweetness, and grape variety. The still wine market, comprising non-sparkling wines such as red, white, and rosé, represents a significant segment of the global alcoholic beverages industry. Characterized by its vast diversity in flavor, origin, and price, the market caters to a wide range of consumer preferences and demographics. The global still wine market continues to show steady growth, driven by factors such as increasing disposable incomes, evolving consumer tastes, and the rising popularity of wine as a lifestyle beverage.

Consumer trends indicate a shift towards premiumization, where consumers are willing to spend more on higher-quality wines. This is particularly evident in mature markets like Europe and North America. Additionally, there is a growing interest in organic and sustainable wines, reflecting broader trends in health consciousness and environmental awareness.

Distribution channels are evolving, with e-commerce playing an increasingly important role. Online wine sales have surged, especially post-pandemic, as consumers appreciate the convenience and accessibility of purchasing wine online. Traditional retail and specialty wine shops, however, continue to hold significant market share. The still wine market is poised for continued growth, driven by dynamic consumer preferences and expanding global reach. Producers focusing on quality, sustainability, and innovative marketing strategies are likely to thrive in this competitive landscape.

E& J. Gallo Winery (USA), Constellation Brands (USA), Pernod Ricard (France), Treasury Wine Estates (Australia), The Wine Group (USA), Accolade Wines (Australia), F. Korbel & Bros. (USA), Cavit (Italy), Cantine Riunite & CIV (Italy), Concha y Toro (Chile), Viña Santa Rita (Chile), Grupo Peñaflor (Argentina), Castel Frères (France), Viña Cono Sur (Chile), Miguel Torres (Spain), Felix Solis Avantis (Spain), Zonin1821 (Italy), Laithwaites Wine (United Kingdom), J. García Carrión (Spain), Louis Latour (France), and Other Active Players.

Consumer preferences for healthier lifestyles have been a significant driving force behind the growth of the still wine market in recent years. As more individuals prioritize health and wellness, they are seeking out products that align with their dietary and lifestyle choices, and still, wine fits the bill perfectly.

One of the key factors contributing to the appeal of still wine in the context of health-conscious consumers is its perceived health benefits. Studies have suggested that moderate consumption of wine, particularly red wine, may offer various health advantages due to its antioxidant content, including potential cardiovascular benefits and protection against certain diseases. This perception has led consumers to view still wine as a more healthful alternative to other alcoholic beverages.

Global Still Wine Market, Segmentation

The Still Wine market is segmented based on Type of Wine, Grape Variety, Distribution Channel, Packaging Type, Flavor, Certification and Sustainability, And Region.

Type of Wine:

The red wine segment has long been a powerhouse in the still wine market, commanding a significant share of consumer preferences and market revenue. There are several factors contributing to its dominance. Red wine's popularity is deeply ingrained in cultural and social traditions across many regions of the world. It has been associated with sophistication, celebration, and even health benefits, which have helped maintain its allure. The versatility of red wine appeals to a wide range of tastes and occasions. Whether it's a bold Cabernet Sauvignon, a smooth Merlot, or a fruity Pinot Noir, there's a red wine for every palate and pairing.

Grape Variety:

The Single Varietal Wines segment dominates the still wine market, showcasing the diversity and richness of grape varieties globally. Each varietal offers distinct flavors, aromas, and characteristics, reflecting the unique terroir where the grapes are grown. Cabernet Sauvignon stands out as a leading player, renowned for its boldness and depth, often embodying notes of blackcurrant, cedar, and mint. Chardonnay follows closely, celebrated for its versatility, ranging from crisp and refreshing to creamy and full-bodied, with flavors spanning from citrus and green apple to buttery oak.

Region:

Europe has long been synonymous with fine wine, and this reputation is set to endure as it continues to dominate the still wine market. With a rich history of winemaking dating back centuries, European countries such as France, Italy, Spain, and Portugal have perfected the art of producing high-quality still wines that are revered worldwide. France stands as a beacon of excellence in the world of wine, boasting renowned regions like Bordeaux, Burgundy, and Champagne. Italy follows closely, with its diverse array of varietals from regions like Tuscany, Piedmont, and Veneto captivating palates globally. Spain's Rioja, Ribera del Duero, and Priorat wines have also garnered international acclaim, while Portugal's Port and Douro wines offer unique flavors.

Some of the leading Still Wine market players are

    • Viña Santa Rita (Chile)
    • Grupo Peñaflor (Argentina)
    • Castel Frères (France)
    • Viña Cono Sur (Chile)
    • Miguel Torres (Spain)
    • Felix Solis Avantis (Spain)
    • Zonin1821 (Italy)
    • Laithwaites Wine (United Kingdom)
    • García Carrión (Spain)
    • Louis Latour (France), and Other Active Players.

Key Industry Developments

    • In Jun 2024,  Bodvár Rosé, a pioneer and innovator in the rosé wine industry, is pleased to announce the launch of Bodvár No 0, the brand's first premium non-alcoholic rosé wine. This new addition to Bodvár's renowned wine collection coincides with the company's expansion into the United States by opening new headquarters in Jupiter, Florida.
    • In Jun 2024, Rodney Strong Vineyards is excited to announce the launch of its brand new wine, the 2023 Rodney Strong Alexander Valley Sauvignon Blanc (SRP $24). Rodney Strong Vineyards has a passion for crafting exceptional Sauvignon Blanc from Sonoma County, especially Alexander Valley. The brand is proud of this new, limited-release expression illustrating its decades of winemaking experience and pioneering spirit in the region.

 Key Findings of the Study / Key Industry Developments. 

    • The still wine market is experiencing steady growth globally, driven by factors such as increasing disposable incomes, evolving consumer tastes, and the rising popularity of wine as a lifestyle beverage.
    • The market is segmented based on factors like type of wine, grape variety, distribution channel, packaging type, flavor, certification, sustainability, and region. Red wine remains a dominant segment, deeply ingrained in cultural and social traditions, with its versatility appealing to a wide range of tastes and occasions.

 

Pristine Intelligence LLP

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