wine tourism market size

The global wine market size was valued at USD 417.85 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2021 to 2028. It brings in an alternative income, and allows people to share their passion with people who will appreciate it. The renowned players have a strong hand due to their brand image and are, therefore, indulging in geographical expansions, while others are considering mergers, acquisitions, and partnerships to capture regional market shares. Pandemic disrupted the entire world and affected many industries. Based on age group, the enotourism market is segmented as generation X, generation Y, and generation Z. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Italy, France, Spain, Germany, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Argentina, and the rest of LAMEA). If you are an admin, please authenticate by logging in again. Marlborough, which is the largest of New Zealands wine regions. The off-trade segment held the largest share of 89.0% in 2020.The off-trade distribution channel includes retail outlets, supermarkets, and hypermarkets. WebThe global enotourism market size was valued at $8,653.4 million in 2020, and is projected to reach $29,593.4 million by 2030, registering a CAGR of 13.6% from 2021 to 2030. According to a study promoted by the European Association of Wine Economists and the Chaire Vins et Spiritueux de INSEEC U., in May 2020, the frequency of the consumption of wine has increased significantly during the confinement phase resulting from the outbreak of coronavirus in Spain and the rest of Europe. Why is wine tourism important to a winery? 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Market size of the tourism sector worldwide from 2013 to 2022, with a forecast for 2023 (in billion U.S. dollars) [Graph]. Please do not hesitate to contact me. For the purpose of this study, Grand View Research has segmented the global wine market report on the basis of product, distribution channel, and region: Product Outlook (Revenue, USD Billion, 2016 - 2028), Distribution Channel Outlook (Revenue, USD Billion, 2016 - 2028), Regional Outlook (Revenue, USD Billion, 2016 - 2028). For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Addition or alteration to country, regional & segment scope. Which segment accounted for the largest wine market share? Typically, visitors learn about the history, observe the winemaking process, and then taste the wines. Enotourism allows for the exploration of new places, the opportunity to socialize with the local community, and participation in wine tasting activities. Report. Thus, the continuous growth in the import of high-quality wines into the country is expected to cater to the strong consumer base and drive the country's wine market shortly. Not only that, but Palatinate is home to some of the best food in Germany! In-depth industry statistics and market share insights of the Wine sector for 2020, 2021, and 2022. The Wine research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Wine report PDF. With restaurants, hotels, and bars shut or running on limited capacity, consumers have turned to food retailers as well as online portals to shop for the product. Throughout the first decade of the twenty-first century, the enotourism industry grew significantly. Rising wine tourism awareness and a large number of visitors to vineyards are the primary drivers of the enotourism market's growth. The US wine market is the largest of its kind in the world due to its high population, backed up by high disposable incomes. If you are an admin, please authenticate by logging in again. This text provides general information. Below youll find some incredible destinations, tours and wineries perfect for enotourists! policy. Supermarkets account for a substantial market share. liability for the information given being complete or correct. The agreement established the institutional framework for enotourism in the United Nations World Tourism Organization (UNWTO), recognizing wine tourism as a component of gastronomy and cultural tourism. Direct-to-consumer sales have also benefited from this shift in consumer behavior, with specialist wine trade also reporting some increase in sales. "The quality of research they have done for us has been excellent.". Thank you for requesting a call back, our sales representative will get in touch with you shortly! The increase in social media penetration, on the other hand, is expected to provide enormous opportunities to the market throughout the forecast period. Later still and much more recently, in 2004, the film Sideways starring Paul Giamatti and Thomas Haden Church showcased two men embarking on a wine tour through Santa Ynez Valley. The remaining wineries The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Global wine consumption in 2021, by country, Leading countries in wine production worldwide 2021, Wine market revenue worldwide from 2012 to 2025 (in million U.S. dollars), Worldwide revenue of the wine market 2021, by country, Revenue of the wine market worldwide by country in 2021 (in million U.S. dollars), Wine market value worldwide in 2025, by country, Market value of wine worldwide in 2025, by country (in million U.S. dollars), Global: wine market sales channel share 2012-2025, Share of sales channels of the wine market worldwide from 2012 to 2025, Global wine trade volume from 2010 to 2021, by key region or country, Share of wine trade volume worldwide from 2010 to 2021, by major region or country, Global leading countries in wine export 2021, based on value, Worldwide leading countries in wine export in 2021, based on value (in billion euros), Global leading countries in wine export 2021, based on volume, Leading countries in wine export worldwide in 2021, based on volume (in million hectoliters), Global market: leading wine importing countries 2021, based on value, Leading wine import markets worldwide in 2021, based on value (in billion euros), Global leading countries in wine import 2021, based on volume, Worldwide leading countries in wine import in 2021, based on volume (in million hectoliters)*, Global wine export prices 2020, by country, Average export prices of wine worldwide in 2020, by country (in U.S. dollars per liter), Wine production worldwide from 1990 to 2021 (in million hectoliters), Wine production worldwide in 2021, by country (in million hectoliters), Global vineyard surface area 2021, by country, Vineyard surface area worldwide in 2021, by leading country (in 1,000 hectares)*, Global: wine market revenue 2012-2025, by segment, Revenue of the wine market worldwide from 2012 to 2025, by segment (in billion U.S. dollars), Global: wine market revenue growth 2013-2025, by segment, Growth of revenue of the wine market worldwide from 2012 to 2025, by segment, Global wine grape variety share 1990-2016, Share of the leading wine grape varieties worldwide from 1990 to 2016, Global red wine grape variety share 1990-2016, Share of the leading red wine grape varieties worldwide from 1990 to 2016, Organic vineyard share of total world vineyard area from 2005 to 2019, Global organic wine vineyard area in 2019, by country share, Share of organic wine vineyard area worldwide in 2019, by country, Global organic vineyard area 2019, by country, Leading countries in organic vineyard surface area worldwide in 2019 (in 1,000 hectares), Organic vineyard area share 2019, by country, Organic vineyard share of total vineyard area worldwide in 2019, by country, Wine consumption worldwide from 2000 to 2021 (in million hectoliters), Wine consumption worldwide in 2021, by country (in million hectoliters), Global: wine market per capita volume 2012-2025, by segment, Volume per capita of the wine market worldwide from 2012 to 2025, by segment (in liters), Countries with highest wine consumption per person 2020, Average per capita consumption of wine in leading countries worldwide in 2020 (in liters). The market size of the global tourism sector grew by roughly 41 percent in 2022 over the previous year, after dropping dramatically with the onset of the coronavirus It gained a lot of traction in the media, which started promoting an interest in wine-related activities. Due to varying update cycles, statistics can display more up-to-date Then you can access your favorite statistics via the star in the header. The market is divided into solo and group travelers. Statista says, The wine tourism market worldwide was estimated to be worth around 8.7 billion U.S. dollars in 2020, a year in which the entire global tourism industry was hit hard by the coronavirus (COVID-19) pandemic. The total winegrape crush in 2022 was 1.73 million tonnes, of which Shiraz accounted for Average enotourism revenue of Italian wine cellars and wineries 2018-2019, Number of stores of the Fossil Group worldwide from 2016 to 2021, by store type, Ranking of the main wineries promoting enotourism in France 2022, by wine region, Average spending of enotourists in Bordeaux 2019, by visitor type, Share of enotourists in Spain 2019-2020, by companionship, Popular booking channels among enoturists in Spain 2019-2020, Average visit price to Spanish wineries and wine museums 2018-2021, Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. The growing party culture among the younger and working-class population across the globe is expected to boost the sales of the product through an on-trade sales channel. The US Wine Market is Segmented by Product Type (Still Wine, Sparkling Wine, and Other Product Types), Color (Red Wine, Rose Wine, White Wine, and Other Colors), and Distribution Channel (On-trade and Off-trade). Table wine dominated the wine market with a share of 84.0% in 2020. For one, vineyard and winery locations are usually beautiful. November 2020. Review. IBISWorld's statistic shows that as of A. Profit from the additional features of your individual account. WebThe global wine cork market size was valued at USD 5.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.6% from 2022 to 2028. Increased consumer interest in spritz drinks and propagation of aperitivo culture in the European region have been driving the demand for the segment. Accessed March 02, 2023. https://www.statista.com/statistics/1220218/tourism-industry-market-size-global/, IBISWorld. In Italy the figure stands at approximately five million travelers, generating 2.5 billion euros in revenue. Please do not hesitate to contact me. We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. According to enotourism market analysis, the market is segmented on the basis of tour type, traveler type, age group, and region. Choose reports from a database of more than 10,000 reports. We are always looking to hire talented individuals with equal and extraordinary proportions of industry Enotourism offers the potential to revitalize and diversify tourism, promote local economic development, involve a wide variety of range of professional sectors, and create new uses for the primary sector. liability for the information given being complete or correct. Book your free consultation and let our research experts help you with your needs/problems. A paid subscription is required for full access. The wine tourism market worldwide was estimated to be worth around 8.7 billion U.S. dollars in 2020, a year in which the entire global tourism industry was hit hard by the coronavirus (COVID-19) pandemic. By product type, the market is segmented into still wine, sparkling wine, and other product types. Are you interested in testing our business solutions? Global Opportunity Analysis and Industry Forecast 20212030. The ideal entry-level account for individual users. Which distribution channel segment led the wine market? The industry will also pay $31.3 billion in federal, state and local business taxes in 2017, and an additional $5.2 billion in consumption taxes, which includes excise and sales taxes. Read on to learn a bit more about it. Wine is an integral part of European cultures and this cultural trend is increasingly gaining popularity in various other parts of the world including Asian countries. Use Ask Statista Research Service, Per capita alcohol consumption of all beverages in the U.S. by state 2020, Total alcoholic beverage sales in the U.S. 2006-2021, U.S. bar and nightclub market size 2012-2022. Please wait while we are processing your request Wine Market Size, Share, Industry Report, 2021-2028. Due to varying update cycles, statistics can display more up-to-date Europe held the largest share of over 46.0% in 2020.Europe is the most established market for wine with several countries such as Portugal, Italy, and France having the highest per capita wine consumption per year. Wine research Report provides a comprehensive outlook of the enotourism industry grew significantly aperitivo culture in European... An admin, please authenticate by logging in again the wines the of., sparkling wine, and then taste the wines thank you for requesting call! Below youll find some incredible destinations, tours and wineries perfect for enotourists consumer,. 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