The wine market size volume per capita in South Africa is witnessing a gradual decline from 2024 to 2028. The forecasted data indicates a consistent decrease in wine consumption per person over the next five years. Looking into the year-on-year variations, there is a marginal year-by-year decline of approximately 0.27% from 2024 to 2025, 0.13% from 2025 to 2026, 0.14% from 2026 to 2027, and 0.27% from 2027 to 2028. The compound annual growth rate (CAGR) over this forecast period averages to a negative 0.23% per year.
Future trends to watch for include potential shifts in consumer preferences towards other alcoholic beverages or non-alcoholic alternatives, changes in economic conditions affecting disposable income, and evolving health consciousness potentially impacting wine consumption. Additionally, changes in regulatory frameworks or taxation could further influence the market dynamics.
