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Enotourism Global Market 2023 - Trends, Top Key Players, Opportunities And Forecast By 2032
Enotourism Market
The Business Research Company's Enotourism Global Market Report 2023 identifies increase in government initiatives to encourage tourism as the major driver for the Enotourism market's growth in the forecast period. Governments are focusing on cultural tourism, including wine tourism to promote the integrated high-quality development of wine tourism and accelerate the development of wine tourism destinations. For instance, in September 2021 the launch ceremony of the China (Ningxia) International Wine Culture and Tourism Festival, with the theme of "Meet Ningxia Chuan - Taste Helen Mountain", took place in He Dong Wine Town, Shizuishan City, and Ningxia.
The global enotourism market size grew from $7.88 billion in 2022 to $8.2 billion in 2023 at a compound annual growth rate (CAGR) of 4.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The enotourism market size is expected to grow to $14.16 billion in 2027 at a CAGR of 14.6%.
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Major competitors in the Enotourism market are A Great Oregon Wine Tour, Bulgaria Wine Tours, California Wine Tours, Discover Texas Wine Tours.
A key trend in the Enotourism market includes exploration of new locations by providing accurate vineyard information in enotourism. For instance, according to MDPI, Wine Tourism-A Sustainable Management Tool for Rural Development and Vineyards article, in 2022, due to the COVID-19 pandemic, tourists are oriented to rural regions instead of urban ones for tourism.
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The Enotourism market is segmented -
• By Tour Type: Private guided Tours, Self-guided Tours
• By Traveler Type: Solo, Group
• By Age Group: Generation X, Generation Y, Generation Z
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Enotourism market.
The Business Research Company's "Global Enotourism Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Enotourism Market Include:
1. Executive Summary
2. Enotourism Market Characteristics
3. Enotourism Market Trends And Strategies
4. Enotourism Market - Macro Economic Scenario
5. Enotourism Market Size And Growth
………………………………
26. Africa Enotourism Market
27. Enotourism Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Enotourism Market
29. Enotourism Market Future Outlook and Potential Analysis
30. Appendix
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