Dessert Wine Market Size to Reach $64.4 Billion, by 2033 at 6.1% CAGR

Allied Market Research published a report, titled, "Dessert Wine Market by Product Type (Still Wine, Sparkling Wine and Fortified Wine), Grape Type (White Grapes and Red Grapes), and Distribution Channel (On-trade and Off-trade): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the dessert wine market was valued at $35.7 billion in 2023, and is estimated to reach $64.4 billion by 2033, growing at a CAGR of 6.1% from 2024 to 2033.

Request Sample Pages: https://www.alliedmarketresearch.com/request-sample/A324336

Prime determinants of growth

The global dessert wine market is experiencing growth due to several factors such growing consumer interest in premium and specialty wines and rise of food and wine pairing trends. However, high production costs and competition from other beverage segments hinder market growth to some extent. Moreover, development of organic and sustainable dessert wines and innovative packaging and marketing strategies offer remunerative opportunities for the growth of the global dessert wine market.

Buy this Complete Report (235 Pages PDF with Insights, Charts, Tables, and Figures) at: https://www.alliedmarketresearch.com/dessert-wine-market/purchase-options

Segment Highlights The still segment is expected to grow faster throughout the forecast period.

By product type, the still segment held the highest market share in 2023, accounting for less than two-fifths of the global dessert wine market revenue and is likely to retain its dominance throughout the forecast period. The still wine segment leads the dessert wine industry because of its variety, accessibility, and widespread appeal. Still dessert wines, such as Sauternes, Tokaji, and Ice Wine, have a wide range of flavors and sweetness levels that may complement a variety of desserts or be drunk on its own.

The white grapes segment is expected to grow faster throughout the forecast period.

By grape type, the off-trade segment held the highest market share in 2023, accounting for less than two-thirds of the global dessert wine market revenue and is likely to retain its dominance throughout the forecast period. White grapes naturally have more acidity, which is important in maintaining the sugar content of dessert wines. This acidity keeps the wine from getting too sweet and contributes to the wine's depth and freshness.

The off-trade segment is expected to grow faster throughout the forecast period.

By distribution channel, the off-trade segment held the highest market share in 2023, accounting for three-fifths of the global dessert wine market revenue and is likely to retain its dominance throughout the forecast period. The off-trade segment dominates the dessert wine market primarily due to its accessibility and convenience. Consumers increasingly prefer purchasing dessert wines from retail outlets, supermarkets, and online stores where they can explore a wider variety of options at their own pace.

Regional Outlook Europe to maintain its dominance by 2033.

By region, Europe held the highest market share in terms of revenue in 2023, accounting for more than one-third of the global dessert wine market revenue and is expected to dominate throughout the forecast period. The European region dominates the dessert wine market due to its rich winemaking heritage, diverse climatic conditions, and renowned production regions. Countries like France, Italy, and Hungary are home to some of the world's most famous dessert wines, such as Sauternes, Moscato, and Tokaji, which have been produced for centuries. The region's expertise in viticulture and winemaking, combined with favorable climates for growing the specific grape varieties used in dessert wines, contributes to Europe's leadership in this market.

Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A324336

Players: -

E & J Gallo Winery
Constellation Brands
The Wine Group
Treasury Wine Estates
Pernod Ricard
Viña Concha y Toro
Castel Group
Grupo Peñaflor
Accolade Wines
Caviro

The report provides a detailed analysis of these key players in the global dessert wine market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Contact:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.