Press release
Enotourism Global Market Report 2024 - By Demand, Size, Share, Trends, Forecast TO 2033
Enotourism
The Business Research Company offers in-depth market insights through Enotourism Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The enotourism market size has grown rapidly in recent years. It will grow from $9.22 billion in 2023 to $10.58 billion in 2024 at a compound annual growth rate (CAGR) of 14.8%. The growth in the historic period can be attributed to cultural heritage, wine routes development, marketing and promotion, wine tourism events, rise of wine education.
The enotourism market size is expected to see rapid growth in the next few years. It will grow to $17.97 billion in 2028 at a compound annual growth rate (CAGR) of 14.2%. The growth in the forecast period can be attributed to digital marketing and online presence, sustainable and eco-friendly practices, culinary tourism integration, experiential travel demand, wine education and workshops. Major trends in the forecast period include adventure and leisure integration, wine events and festivals, collaboration and networking, heritage and culture promotion.
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Market Segmentation:
The enotourism market covered in this report is segmented -
1) By Tour Type: Private Guided Tours, Self-Guided Tours
2) By Traveler Type: Solo, Group
3) By Age Group: Generation X, Generation Y, Generation Z
Major Driver - Government-Led Tourism Initiatives Fueling Growth In The Enotourism Market
An increase in government initiatives to encourage tourism is expected to propel the growth of the enotourism market. 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 conference aims to provide the foremost important stage, the only booth, and thus the simplest platform for the exchange and cooperation of the wine culture and tourism sector reception and abroad. Therefore, an increase in government initiatives to encourage tourism is driving the growth of the enotourism market.
Competitive Landscape:
Major companies operating in the enotourism market report are Moët & Chandon, Schloss Johannisberg, Viña Concha y Toro S.A., Yalumba Winery, Domaine Chandon, Mission Hill Family Estate, Cloudy Bay Vineyards, Robert Mondavi Winery, California Wine Tours, Joseph Phelps Vineyards, Opus One Winery, Great Oregon Wine Tour, Penfolds Winery, Marchesi Antinori Srl, Ridge Vineyards, Grgich Hills Estate, Catena Zapata, Iowa Wine Tours Inc., Weingut Dr. Loosen, Château Margaux, Discover Texas Wine Tours LLC, Quinta do Noval, Bulgaria Wine Tours, Arblaster and Clarke Wine Tours, Grape* Escapes Wine Tours and Wine Tours, Cloud Climbers Jeep and Wine Tours, 290 Wine Shuttle, Domaine de la Romanée-Conti, Bodega Garzón, Burdick* Vineyard Tours, Champagne Taittinger, Domaine Weinbach, Vasse Felix Winery, A Great Oregon Wine Tour, Grapevine* Wine Tours
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Top Trend - Startups Pioneer Innovation With Tech-Integrated Platforms For A Global Wine Experience
Major start-ups operating in the enotourism market are focusing on product innovation and integration of technology, such as a dedicated platform that includes a wine tourism website and app, to make boutique wineries more accessible to both locals and foreigners. The platform is designed to connect local and international users with countless wineries, offering a wide range of wine-related experiences throughout Portugal. For instance, in February 2023, we launched a booking platform that offers wine-related experiences throughout Portugal. The platform includes an App and website, designed to connect local and international users with countless wineries, and the company plans to attract more wineries nationwide to offer users a wider choice of experiences and give more visibility to producers and wineries.
The Table Of Content For The Market Report 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
…..
27. Enotourism Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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