Pune, 09, May, 2024: Stellar Market Research, a Consumer Goods & Services business research firm has published a report on the “Craft Wine Market”. The total market opportunity for Craft Wine Market was USD 40.41 Bn in 2023 and is expected to grow at 4.5 percent CAGR through the forecast period by reaching nearly USD 54.44 Bn.
Craft Wine Market Report Scope and Research Methodology
Market Size in 2023 USD 40.41 Bn.
Market Size in 2030 USD 54.44 Bn.
CAGR 4.5 % (2023-2030)
Forecast Period 2024-2030
Base Year 2023
Number of Pages 275
No. of Tables 116
No. of Charts and Figures 114
Segment Covered Type, Flavor, and Distribution Channel.
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2024−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, SMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.
This research report looks closely at the market categories and geographic regions in addition to providing a thorough analysis of the strategies used by the top businesses in the craft wine sector. By examining market dynamics at the regional and segment-specific levels, the Craft Wine Market Research offers a thorough analysis of opportunities, challenges, drivers, and limitations. Further details on import/export consumption, supply and demand, price, cost, and gross margins are also included in order to improve its value as an investor’s guide.
Primary and secondary research methods were used in the Craft Wine Market study to gather data, which was then merged to ensure the accuracy of the report. The primary study being provided is based on the distribution of questionnaires, surveys, and phone interviews with market leaders and entrepreneurs, as well as industry specialists who specialize in Craft Wines. Global and regional estimates of the craft wine market’s size have been made using the bottom-up methodology. To determine the benefits and drawbacks of the top companies in the craft wine industry, a SWOT analysis was carried out.
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Craft Wine Market Overview
The global craft wine market is expected to grow because of the rise in premium drinks and diverse flavors, consumer spending on healthy beverages, and innovations in packaging. Single-serve wine bottles are replacing standard 750 ml bottles, and craft wine offers health benefits because of its organic substance and bitter taste. The American Heart Association supports craft wine’s health benefits, including hair and skin health, weight management, blood formation, and antioxidant properties like resveratrol, which protects against diseases like cancer, diabetes, and Alzheimer’s.
Craft Wine Market Dynamics
The craft wine market has seen significant growth because of the demand for unique, high-quality wines. Craft wine is small-batch, artisanal wines produced by independent wineries using traditional methods, focusing on quality over mass production. These wines are sourced from small vineyards and showcase unique flavors and characteristics. Craft winemakers emphasize the artistry and craftsmanship in the wine-making process, providing an authentic and personalized experience. The market also caters to the growing preference for artisanal products and sustainable farming practices. The increasing demand for wine-based cocktails, such as sangria, mango passion, French pear martini, and bishop cocktail, is encouraging manufacturers to introduce creative options.
Craft Wine Market Regional Insights
The North American region holds the largest market share in the Craft Wine Market because of its leading manufacturing companies and high-quality craft wine beverages. The market is experiencing growth because of increased consumption in major US and Canadian countries. Andrew Peller Limited reported a 2.6% increase in sales because of product launches and rising prices. Consumer disposable income and spending on craft wine contribute to market growth.
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Craft Wine Market Segmentation
By Type
- Sparkling Wine
- Still Wine
- Others
By Flavor
- Red Wine
- Rose Wine
- White Wine
Based on Flavor, The red wine market, accounting for 60% of the market, is expected to grow due to rising health consciousness among consumers. The trend towards healthy eating is driven by ethical, sustainable, and health-conscious standards. Red wine, rich in plant compounds, offers health benefits like reduced inflammation, cancer risk, and extended lifespan.
By Distribution Channel
- On-trade
- Off-Trade
Based on Distribution Channel, The on-trade segment, accounting for 60% of market revenue, offers social settings, live music, and culinary experiences in restaurants and lounges. Some wineries allow customers to participate in the wine-making process, attracting interest and driving growth in the craft alcoholic beverage market.
Craft Wine Key Competitors include:
- Bronco Wine Co – USA
- com – USA
- Vintage Wine Estates – USA
- Andrew Peller Limited – Canada
- Chateau Niagara Winery – USA
- House of Saka – USA
- LGI Wines – USA
- Clover Hill Wines – Australia
- The Wine Group – USA
- Trinchero Family Estates – USA
- Constellation Brands, Inc. – USA
- Treasury Wine Estates – Australia
- Craft Beverages B.V. – Netherlands
- WoodWinters – UK
- When in Rome Wine – UK
- Artisans & Vines – USA
- Handpicked Wines – Australia
- Barelle Vineyards – USA
- Heritage Estate Winery and Cidery – Canada
- Hiyori corp.com – Japan
- Wine of Japan – Japan
- inc
Key questions answered in the Craft Wine Market report are:
- What are the upcoming industry applications and trends for the Craft Wine Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Craft Wine Market?
- What growth strategies are the players considering to increase their presence in Craft Wine Market?
- Who are the leading companies and what are their portfolios in Craft Wine Market?
- What are the major challenges that the Craft Wine Market could face in the future?
- Which region held the largest Craft Wine Market Share in 2023?
- What is Craft Wine?
- Which market segment held the largest share of the global Craft Wine Market in 2023?
- What are the global trends in the Craft Wine Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Craft Wine Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Craft Wine Market Segmentation – A detailed analysis by Type, by Flavor, by Distribution Channel and Region
- Competitive Landscape – Profiles of selected key players by region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Stellar Market Research is leading Food & Beverage research firm, has also published the following reports:
Tonic Wine Market– The market size is expected to reach USD 2820.45 Million by 2030 at a CAGR of 5.9 percent during the forecast period. The historical development of tonic wine, which has its roots in conventional herbal medicine, has linked its health advantages to its function as a cultural symbol in tonic wine market.
Dry White Wine Market – The market size is expected to reach USD 60.76 Billion by 2030 at a CAGR of 5.15 percent during the forecast period. The Dry White Wine Industry is expected to be driven by the huge demand for dry white wine made from grapes in Western countries
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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