Asia Pacific Wine Market 2024

Description

The Asia Pacific wine market is on track for incremental growth of USD 20.4 billion, corresponding to a compound annual growth rate (CAGR) of nearly 4.6% throughout the forecast period of 2024 to 2029. The Asia Pacific wine market is being shaped by several emerging trends, with China, India, and Japan playing pivotal roles. The region’s growing middle class is driving demand for premium wines, particularly in urban centers, where wine consumption is becoming increasingly popular. In China, the demand for both domestic and international wines is booming, as younger consumers shift towards more sophisticated drinking habits. This is further driven by the influence of social media and wine-related education. In Japan, a well-established wine culture, combined with increasing interest in international wines, continues to drive market growth. The rising popularity of wine among women, coupled with the country’s affinity for wine pairings with food, has enhanced its position as one of Asia’s leading wine markets. In India, the demand for wine is growing steadily, fueled by a combination of rising disposable incomes, an expanding wine culture, and increased availability of imported wines through modern retail channels.

The report provides a comprehensive analysis of the Asia Pacific wine industry, presenting detailed market data including historical market size, growth rates, and future forecasts. It offers an in-depth examination of various market categories and subcategories, with a particular focus on key factors such as product type, packaging, distribution channel and country. The insights gained from this evaluation help reveal the growth potential within the wine sector.

Market Segmentation

The segmentation of the Asia Pacific wine market is outlined below:
Product type: fortified wine (port, sherry, vermouth, others), non-grape wine, sparkling wine (champagne, others), still wine (still red wine, still rosé wine, still white wine), non-alcoholic wine
Packaging: glass, metal, others
Distribution channel: convenience stores, supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, others
Country: Australia, China, India, Indonesia, Japan, Philippines, South Korea, Thailand, Vietnam, others

The wine market in Asia Pacific is segmented across product type, packaging, distribution channel and country. By product type, the market is categorized into fortified wine (port, sherry, vermouth, others), non-grape wine, sparkling wine (champagne, others), still wine (still red wine, still rosé wine, still white wine), and non-alcoholic wine. Packaging segments cover glass, metal, and others. Distribution channel segmentation includes convenience stores, supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, and others. Geographically, the market is segmented into Australia, China, India, Indonesia, Japan, Philippines, South Korea, Thailand, Vietnam and others.

Competitive Landscape

The Asia Pacific wine market exhibits significant competition. Leading companies within the market include Zhejiang Pagoda Brand Shaoxing Rice Wine Co. Ltd., Yantai Weilong Grape Wine Co. Ltd., Yantai Pengzhu Winery Co. Ltd., Yantai Changyu Group Company Limited, Vina Concha Y Toro S.A., Treasury Wine Estates Limited, Takara Holdings Inc., Suntory Holdings Limited, Siam Winery Co. Ltd., ShangHai JinFeng Wine Co. Ltd., Seoul Takju Manufacturers Association, Sapporo Holdings Limited, Santa Helena SA, Samant Soma Wines Limited, Pusan Takju Association, PT. Perindustrian Bapak Djenggot, Pernod Ricard Group, Ozeki Co. Ltd., Nihonsakari Co. Ltd., LVMH Moet Hennessy Louis Vuitton SA (LVMH), Lotte Corporation, Kuaijishan Shaoxing Rice Wine Co. Ltd., Koyama Honke Shuzo Co.Ltd., Kooksoondang Brewery Co. Ltd., Kizakura Sake Brewing Co. Ltd., Kiyosuzakura Brewery Corp., Kirin Holdings Co. Ltd., Kiku-Masamune Sake Brewing Co. Ltd., Jipyeong Brewing Co. Ltd., Jiangsu Zhangjiagang Brewing Co. Ltd., Hakutsuru Sake Brewing Co. Ltd., Gekkeikan Sake Co. Ltd., E. & J. Gallo Winery, Dynasty Fine Wines Group Ltd., China Shaoxing Yellow Rice Wine Group Co. Ltd., China National Cereals Oils and Foodstuffs Import and Export Corporation (COFCO), Bright Food (Group) Co. Ltd., Bel Mondo Italia Corporation, Asahi Shuzo Co. Ltd. and Asahi Group Holdings Ltd.

This report presents an extensive analysis of major entities in the wine market, focusing on their performance from 2019 to 2023. Findings showcase changes in market share, recognizing both long-standing leaders and new challengers.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Asia Pacific wine market.
Gain in-depth analysis and forecasts for the key segments of the Asia Pacific wine market: product type, packaging, distribution channel and country.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Asia Pacific wine market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Asia Pacific wine market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
A single unlimited user license within the same organization, with no additional charges for extra users.

Table of Contents

TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Asia Pacific Wine Market – Product Type Analysis
Asia Pacific Wine Market – Packaging Analysis
Asia Pacific Wine Market – Distribution Channel Analysis
Asia Pacific Wine Market – Country Analysis
Key Players and Market Share
– Zhejiang Pagoda Brand Shaoxing Rice Wine Co., Ltd.
– Yantai Weilong Grape Wine Co., Ltd.
– Yantai Pengzhu Winery Co., Ltd.
– Yantai Changyu Group Company Limited
– Vina Concha Y Toro S.A.
– Treasury Wine Estates Limited
– Takara Holdings Inc.
– Suntory Holdings Limited
– Siam Winery Co., Ltd.
…
Macroeconomic Data and Forecast
Disclaimer

FIGURES AND TABLES
Table Asia Pacific Wine Market 2019-2029
Chart Asia Pacific Wine Market, Net Growth, 2019-2029
Chart Asia Pacific Wine Market, Growth Rates, 2019-2029
Table Asia Pacific Wine Market by Product Type, 2019-2029
Chart Asia Pacific Wine Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Asia Pacific Wine Market by Product Type, 2019-2029
Table Asia Pacific Wine Market by Packaging, 2019-2029
Chart Asia Pacific Wine Market by Packaging, CAGR Historic and Forecast, 2019-2029
Chart Asia Pacific Wine Market by Packaging, 2019-2029
Table Asia Pacific Wine Market by Distribution Channel, 2019-2029
Chart Asia Pacific Wine Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Asia Pacific Wine Market by Distribution Channel, 2019-2029
Table Asia Pacific Wine Market by Country, 2019-2029
Chart Asia Pacific Wine Market by Country, CAGR Historic and Forecast, 2019-2029
Chart Asia Pacific Wine Market by Country, 2019-2029
Table Asia Pacific Wine Market Share (%), by Companies, 2019-2023
Chart Asia Pacific Wine Market, by Companies, 2023
Table Asia Pacific Wine Market Share (%), by Brands, 2019-2023
Chart Asia Pacific Wine Market, by Brands, 2023
Table Asia Pacific – Population (Millions) and Forecast
Table Asia Pacific – Consumer Price Index (CPI) and Forecast
Table Asia Pacific – Gross Domestic Product and Forecast
Table Asia Pacific Wine Market: Spend as a Proportion of GDP (%)
Table Asia Pacific Wine Market: Consumption per Capita (Population)

Companies Mentioned

Zhejiang Pagoda Brand Shaoxing Rice Wine Co., Ltd.
Yantai Weilong Grape Wine Co., Ltd.
Yantai Pengzhu Winery Co., Ltd.
Yantai Changyu Group Company Limited
Vina Concha Y Toro S.A.
Treasury Wine Estates Limited
Takara Holdings Inc.
Suntory Holdings Limited
Siam Winery Co., Ltd.
ShangHai JinFeng Wine Co., Ltd.
Seoul Takju Manufacturers Association
Sapporo Holdings Limited
Santa Helena SA
Samant Soma Wines Limited
Pusan Takju Association
PT. Perindustrian Bapak Djenggot
Pernod Ricard Group
Ozeki Co., Ltd.
Nihonsakari Co., Ltd.
LVMH Moet Hennessy Louis Vuitton SA (LVMH)
Lotte Corporation
Kuaijishan Shaoxing Rice Wine Co., Ltd.
Koyama Honke Shuzo Co.,Ltd.
Kooksoondang Brewery Co., Ltd.
Kizakura Sake Brewing Co., Ltd.
Kiyosuzakura Brewery Corp.
Kirin Holdings Co., Ltd.
Kiku-Masamune Sake Brewing Co., Ltd.
Jipyeong Brewing Co., Ltd.
Jiangsu Zhangjiagang Brewing Co., Ltd.
Hakutsuru Sake Brewing Co., Ltd.
Gekkeikan Sake Co., Ltd.
E. & J. Gallo Winery
Dynasty Fine Wines Group Ltd.
China Shaoxing Yellow Rice Wine Group Co., Ltd.
China National Cereals, Oils and Foodstuffs Import and Export Corporation (COFCO)
Bright Food (Group) Co., Ltd.
Bel Mondo Italia Corporation
Asahi Shuzo Co., Ltd.
Asahi Group Holdings, Ltd.