Key Market Indicators
Thai wine consumption is set to plummet by 30.1% by 2026. Last year, the country consumed 2,000 metric tons of wine, making it the 99th highest consumer in the world. Since 2017, consumption has dropped by 12.6% annually. Benin overtook Thailand in 2021, consuming 2,000 metric tons. France, the United States and Italy ranked second, third and fourth respectively in this ranking.
Thailand Wine Market Data and Forecasts
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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...
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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....
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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...
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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...
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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...
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