Sri Lanka Wine Market 2024

Description

Expected to register a strong growth curve, the Sri Lanka wine market is on pace for a substantial increase of USD 14.9 million, with a notable CAGR of 21.7% from 2024 to 2029. In Sri Lanka, wine consumption is slowly gaining traction, with the growth largely driven by the rising middle class and increasing exposure to international cultures. The demand for wine is further bolstered by an influx of tourists, especially from Western countries, who introduce local consumers to international wines. While wine is still in the early stages of acceptance, the growing sophistication of the younger demographic and the increasing availability of foreign wine brands in modern retail outlets are contributing to the market’s steady expansion.

This report presents a detailed overview of the Sri Lanka wine industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like product type, packaging and distribution channel. This detailed analysis supports the identification of growth opportunities within the wine industry.

Market Segmentation

The Sri Lanka wine market is structured as follows:
Product type: sparkling wine, still wine (still red wine, still white wine)
Packaging: glass, metal, others
Distribution channel: supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, others

In Sri Lanka, the wine market is segmented by product type, packaging and distribution channel. By product type, the market features sparkling wine, and still wine (still red wine, still white wine). Packaging segments consist of glass, metal, and others. Distribution channel segmentation includes supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, and others.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Sri Lanka wine market.
Gain in-depth analysis and forecasts for the key segments of the Sri Lanka wine market: product type, 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 Sri Lanka wine market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Sri Lanka wine market with informed projections.
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Table of Contents

TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Sri Lanka Wine Market – Product Type Analysis
Sri Lanka Wine Market – Packaging Analysis
Sri Lanka Wine Market – Distribution Channel Analysis
Macroeconomic Data and Forecast
Disclaimer

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