Hong Kong Wine Market 2024

The Hong Kong wine market is on track to grow from USD 1,610.4 million in 2023 to USD 2,271.5 million by 2029, with a projected CAGR of 5.9% across the forecast period. Hong Kong remains a key wine hub in Asia, driven by its status as a free port with favorable tariffs for wine imports. The growing sophistication of Hong Kong’s wine-drinking population, coupled with the city’s robust hospitality industry, continues to support the market. Additionally, Hong Kong’s wine auction market is thriving, showcasing demand for fine and rare wines.

The report offers a comprehensive evaluation of the Hong Kong wine market, presenting crucial data on historical market size, growth patterns, and future projections. It provides a thorough breakdown of market segments and sub-segments, with a focus on key variables such as product type, pricing, packaging and distribution channel. This comprehensive evaluation aids in identifying the growth potential within the wine industry.

Market Segmentation

The Hong Kong wine market is classified into the following segments:
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)
Pricing: mass, mid-priced, premium
Packaging: glass, metal, others
Distribution channel: supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, others

The wine market in Hong Kong is segmented across product type, pricing, packaging and distribution channel. The market is classified by product type into fortified wine (port, sherry, vermouth, others), non-grape wine, sparkling wine (champagne, others), and still wine (still red wine, still rosé wine, still white wine). Pricing categories include mass, mid-priced, and premium. Packaging segments comprise glass, metal, and others. Distribution channel segmentation includes supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, and others.

Competitive Landscape

The wine market is dominated by key players, including Vina San Pedro Tarapaca S.A., Treasury Wine Estates Limited, Telford International Company Limited, Takagi Brewing Co. Ltd., Robert Giraud SAS, Pernod Ricard Group, Nihonsakari Co. Ltd., LVMH Moet Hennessy Louis Vuitton SA (LVMH), Kato Kichibee Shoten GK, Jim Barry Wines, Gruppo Italiano Vini S.p.A., Gekkeikan Sake Co. Ltd., ETS Jean Pierre Moueix SAS, E. & J. Gallo Winery, Domaines Barons de Rothschild (Lafite), Domaine Laroche, Delegat Group Limited, Constellation Brands Inc., Compania Cervecerias Unidas S.A., Chateau la Borie, Champagne Louis Roederer (CLR) S.A., Casella Wines Pty. Ltd., Baron Philippe de Rothschild S.A., Asahi Shuzo Co. Ltd., Altria Group Inc. and Accolade Wines Limited.

This analysis offers a comprehensive overview of the main players in the wine market, evaluating their performance trends from 2019 to 2023. Key findings illustrate shifts in market share, identifying both dominant firms and rising competitors.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Hong Kong wine market.
Gain in-depth analysis and forecasts for the key segments of the Hong Kong wine market: product type, pricing, packaging and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Hong Kong wine market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Hong Kong wine market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents

TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Hong Kong Wine Market – Product Type Analysis
Hong Kong Wine Market – Pricing Analysis
Hong Kong Wine Market – Packaging Analysis
Hong Kong Wine Market – Distribution Channel Analysis
Key Players and Market Share
– Vina San Pedro Tarapaca S.A.
– Treasury Wine Estates Limited
– Telford International Company Limited
– Takagi Brewing Co., Ltd.
– Robert Giraud SAS
– Pernod Ricard Group
– Nihonsakari Co., Ltd.
– LVMH Moet Hennessy Louis Vuitton SA (LVMH)
– Kato Kichibee Shoten GK
…
Macroeconomic Data and Forecast
Disclaimer

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

Companies Mentioned

Vina San Pedro Tarapaca S.A.
Treasury Wine Estates Limited
Telford International Company Limited
Takagi Brewing Co., Ltd.
Robert Giraud SAS
Pernod Ricard Group
Nihonsakari Co., Ltd.
LVMH Moet Hennessy Louis Vuitton SA (LVMH)
Kato Kichibee Shoten GK
Jim Barry Wines
Gruppo Italiano Vini S.p.A.
Gekkeikan Sake Co., Ltd.
ETS Jean Pierre Moueix SAS
E. & J. Gallo Winery
Domaines Barons de Rothschild (Lafite)
Domaine Laroche
Delegat Group Limited
Constellation Brands, Inc.
Compania Cervecerias Unidas S.A.
Chateau la Borie
Champagne Louis Roederer (CLR) S.A.
Casella Wines Pty. Ltd.
Baron Philippe de Rothschild S.A.
Asahi Shuzo Co., Ltd.
Altria Group, Inc.
Accolade Wines Limited