Press release
White Wine Market Is Expected To Exceed US$ 60 Billion By 2031
The global market for white wine surpassed a market value of US$ 37 Bn by 2020. Manufacturers of white wines are focusing on incorporating new flavours catering to consumer requirements, a trend which is spurring constant innovations in white wine brews and formulations.
The COVID-19 pandemic hampered the sales as commercial spaces like hotels and restaurants were largely closed. But the residential sector observed an upsurge in the sales of white wines. Thus, the market is expected to exceed US$ 60 Bn by registering a CAGR of 5% until 2031.
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Key Takeaways from the Market Study
Riesling white wine expected to hold a significant share, yielding over 1/5th of global demand
Pinot Grigio to exhibit absolute $ opportunity worth US$ 500 Mn by 2022
By 2022, over US$ 6 Bn of total market revenue to be stimulated by Chardonnay white wines
By body type, light bodied wines to account for nearly 2/5th of the global white wine demand
By sales channel, modern trade outlets to capture over 33% of total market revenue
The white wine industry expected to hold a market share of more than 50% throughout Europe
Asia is expected to contribute 35% revenue to the white wine market.
Key Segments Covered
Product Type
Reisling
Gewürztraminer
Chardonnay
Sauvignon Blanc
Chenin Blanc
Grüner Veltliner
Moscato
Pinot Grigio
Other White Wines
Sales Channel
White Sale Sales via Modern Trade
White Sale Sales via Grocery Stores
White Sale Sales via Convenience Stores
White Sale Sales via E-commerce
White Sale Sales via Other Retail Formats
Body Type
Light Bodied White Wine
Medium Bodied White Wine
Full-Bodied White Wine
Sweetness Level
Dry White Wine
Semi-sweet White Wine
Sweet White Wine
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Competition Landscape
Manufactures of white wines are focusing on leveraging existing and new products by using various sales distribution channels.
Penfold California Collection has launched duty free retailers in Asia Pacific that would include online and offline initiatives for selling wine in the region.
In September 2021, Louis Roederer, will launch wine collected that would be named multi-vintage Cuvee. Also, the collection would have different expressions with each passing year for enhancing the taste and the flavour of wine.
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Report Benefits & Key Questions Answered
White Wine Market Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
White Wine Market Historical volume analysis: The report provides a comparison of White Wine Market historical sales and projected sales performance for 2021-2031.
White Wine Market Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the White Wine Market It carefully gauges the impact of changing healthcare needs of key demographics globally
White Wine Market Consumption by demographics: The report investigates consumer behavior affecting White Wine Market demand outlook for the assessment period. Effect of their keenness for digital trends on White Wine Market is carefully analyzed
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