Press release
South East Asia Wine Market to Reach USD 28,390.1 Million by 2033, Expanding at 4.55% CAGR
South East Asia Wine Market 2025-2033
How Big is the South East Asia Wine Market?
The South East Asia wine market size reached USD 19,021.1 Million in 2024 and is expected to grow to USD 28,390.1 Million by 2033, exhibiting a CAGR of 4.55% during the forecast period from 2025 to 2033.
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 19,021.1 Million
Market Size in 2033: USD 28,390.1 Million
Market Growth Rate (CAGR) 2025-2033: 4.55%
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South East Asia Wine Market Trends and Drivers:
The South East Asia wine market is experiencing strong growth, spurred by growing disposable incomes, changing consumer lifestyles, and greater exposure to Western living and eating habits. Urbanization and the expanding middle-class populace are fuelling higher demand for high-end alcoholic beverages, including wine, among professionals and young adults. In Singapore, Thailand, and Vietnam, wine is being used more and more for social and cultural occasions, displacing conventional spirits.
Essentially, the premiumization trend is encouraging the nation's consumers to explore international wine varieties, which in turn are increasing importations and creating the platform for wine-centric retail formats and e-commerce platforms. Besides, expansion in the tourism and hospitality sector plays an important role, since hotels and upmarket restaurants continue to increase their wine selections to attract a global clientele.
Furthermore, the impact of new media and social networks is increasing wine knowledge and information among consumers, aiding further market growth. Wine tastings, online wine clubs, and sessions conducted by certified sommeliers are gaining popularity, especially in city locations. Essentially, this change is also pushing local players and regional distributors to invest in brand creation and logistics to enhance accessibility and visibility of both imported and domestic wines.
Regional governments are increasingly introducing more wine-supportive policies, such as streamlined imports and mild taxation, that favor market penetration. Furthermore, climate in a few South East Asian nations is being considered for wine manufacturing, particularly in niche markets such as tropical wines, introducing a local element into the market. As health-conscious consumer trends strengthen, organic and low-alcohol wines are gaining popularity, reflecting consumers' desire for responsible consumption. Generally, the South East Asia wine market is changing very fast, marked by innovation, diversification, and growing sophistication among both consumers and producers.
South East Asia Wine Market Segmentation:
The report has segmented the market into the following categories:
Product Type Insights:
• Still Wine
• Sparkling Wine
• Fortified Wine and Vermouth
Color Insights:
• Red Wine
• Rose Wine
• White Wine
Distribution Channel Insights:
• Off-Trade
a) Supermarkets and Hypermarkets
b) Specialty Stores
c) Online Stores
d) Others
• On-Trade
Country Insights:
• Indonesia
• Thailand
• Singapore
• Philippines
• Vietnam
• Malaysia
• Others
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key highlights of the Report:
• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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