Summary
Major players in the white wine market are E&J Gallo Winery, Caviro, Grupo Penaflor S.A., The Wine Group, Accolade Wines Australia Limited, Casella Family Brands, Treasury Wine Estates (TWE), Great Wall, Viña Concha y Toro SA, Château Lafite Rothschild, Penfolds, Louis Roederer, Marchesi Antinori, Harlan Estate, Screaming Eagle, Changyu Pioneer Wine Co. Inc., and Pernod-Ricard.
The global white wine market is expected to grow from $37.71 billion in 2022 to $39.72 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The white wine market is expected to grow to $47.99 billion in 2027 at a CAGR of 4.8%.
The white wine market consists of sales of potassium sorbate, grape juice concentrate, and calcium carbonate white wines.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
White wine refers to a light-colored wine made from green, yellow, or black grapes without their skins that has a pale yellow hue. White wine has an average alcohol concentration of 10% ABV (alcohol by volume), ranging from 5% to 14% ABV.
Europe was the largest region in the white wine market in 2022. The regions covered in the white wine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The major types of white wine are chardonnay, pinot grigio, sauvignon blanc, viognier, torrontes, albarino, and others.Chardonnay is a dry white table wine primarily produced from just one type of white grape.
Various body types of wine are light-bodied, medium-bodied, and full-bodied.The sweetness levels include dry, semi-sweet, and sweet.
Major sales channels involved are modern trade, grocery stores, convenience stores, and e-commerce.
The rise in the consumption of wine is expected to propel the growth of the white wine market going forward.Wine is an alcoholic drink created from fermented grape juice.
Grapes are crushed to release their sweet liquid, which is then transformed into alcohol by alcoholic fermentation.The most popular global wines are red wines and white wines.
The consumption of wine is increasing mainly due to concern and precariousness, its taste and the digital environment. For instance, according to the statistics shared by the Wine Institute, a US-based association of 1,000 California wineries and wine-related businesses, in the USA, 1.1 billion gallons of wine was consumed in 2021, an increase of 10% from the year before. Whereas, 971 million gallons of wine was consumed in 2019. Therefore, the rise in the consumption of wine is driving the growth of the white wine market.
Product innovations have emerged as a key trend gaining popularity in the white wine market.Major companies operating in the white wine market are focused on developing innovative white wine products to strengthen their position in the market.
For instance, in May 2021, Oddbird Winery, a Sweden-based crafted wine producer, launched Intervention Organic White No. 1, the world’s first natural wine completely liberated from alcohol. The wine’s flavor is enhanced, as well as the region’s rich biodiversity of animals, plants, and insects, which are protected by the wine’s cultivation process, which is 100% organic and uses no fertilizer, irrigation, or spraying. Compared to an ordinary vineyard, the CO2 impact is significantly smaller. For freshness, the fermentation of this natural white wine occurs in steel tanks. Stone fruit, beeswax, and clean, fresh, mineral-rich citric acid are all present in the flavor, along with notes of August pears.
In January 2021, E. & J. Gallo Winery (Gallo), a US-based winery and distributor, acquired Constellation Brands, Inc. for $810 million. Through this acquisition, Gallo will be acquiring more than 30 wine brands and 5 wineries from Constellation Brands Inc to increase wine production capacity for the future while increasing its market share. Constellation Brands Inc is a US-based company which produces and markets beer, wine, and spirits.
The countries covered in the white wine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The white wine market research report is one of a series of new reports that provides white wine market statistics, including white wine industry global market size, regional shares, competitors with a white wine market share, detailed white wine market segments, market trends and opportunities, and any further data you may need to thrive in the white wine industry. This white wine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
