Key Market Indicators
Lao wine consumption is projected to reach nearly three-quarters of a thousand metric tons by 2026. In 2021, consumption was one thousand metric tons, a decrease of 4.5% year-on-year. Since 2017, Lao demand has held steady, placing the country at 103 in the 2021 rankings. Papua New Guinea took the lead with one thousand metric tons, while France, the United States, and Italy placed second, third, and fourth respectively.
Laos Wine Market Data and Forecasts
Improve your Knowledge with the latest Indicators and Trends
-
Wine & Sparkling Wines: Comprehensive Review of Varied Global Market Dimensions
Currently, the wine sector globally shows robustness, underpinned by increasing consumption rates in both developing and traditional markets. New-age consumers, characterized by an interest in wine heritage and a proclivity for premium quality products, are driving the aforementioned increase. On the other hand, the sparkling wine market is witnessing lucrative...
Discover more insights -
Wine & Sparkling Wines: Captivating Insights into this Vibrant Global Market
Several factors contribute to the shaping of the global wine market. Consumer preferences play a critical role, with the younger generation's inclination for wine over traditional spirits or light beverages, reshaping the product landscape. Alongside this, improved accessibility and the increase in wine tourism have amplified the grape-based drinks prominence....
Discover more insights -
Wine Industry: Comparative Analysis of Global Market Trends and Opportunities
The global wine industry is currently being influenced by several key trends. Deceleration in overall sales volume can be observed due to changes in consumer preferences towards other alcoholic beverages and increasing health consciousness. However, the premiumisation trend is simultaneously driving growth in sales value. This shift towards quality over...
Discover more insights -
Fortified Wine Market: Probing Trends, Opportunities, and Strategies Across Product Types and Distribution Channels
The market for fortified wines, exemplified by varieties such as Port, Sherry, and Madeira, is anchored by key growth drivers. Among them, the rising global sentiment towards wine consumption for health benefits underscores the expanded demand. The unique method of fortification, which involves the addition of a distilled spirit, typically...
Discover more insights -
Wine Industry: Identifying Leading Opportunities Across Global Markets
The global wine market is largely influenced by changing consumer patterns, expanding urbanization, and rising disposable incomes. A burgeoning middle class, particularly in emerging markets, represents a significant demand driver. Furthermore, wine tourism and online sales channels have offered avenues for growth, enabling wine producers to reach a broader customer...
Discover more insights