Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Red Wine Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Red Wine Market Growth?
The global market for red wine has been experiencing consistent growth over the years. The market, valued at $111.84 billion in 2024, is projected to rise to $116.97 billion in 2025, marking a compound annual growth rate (CAGR) of 4.6%.
What Is the Predicted Industry Size and CAGR of the Red Wine Market in 2029?
The Red Wine Global Market Report 2025 anticipates the market size to reach $143.53 billion in 2029, with a compound annual growth rate (CAGR) of 5.2%.
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Which Factors Are Driving Growth in the Red Wine Market?
The key drivers in the red wine market are:
• Rising disposable income and greater urbanization
• Increase in millennials showing interest in red wine
• Changing customer preferences towards acceptance of alcoholic beverages
• Growth of online sales and the rise of direct-to-consumer channels
Which Segment Trends Are Covered in the Red Wine Market Forecast?
The red winemarket covered in this report is segmented –
1) By Type: Sparkling Red Wine, Still Red Wine
2) By Packaging Type: Bottles, Cans
3) By Distribution Channel: Food Service, Retail
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What Are the Current Market Trends in the Red Wine Industry?
The key trends in the red wine market are:
• Premiumization of wine, where consumers are gravitating towards higher quality wines, is an emerging trend.
• Natural and minimalist winemaking is gaining traction, with a move towards more eco-friendly, organic processes.
• Technological advancements, including wine apps, are being introduced to enhance consumers' wine experience.
• A trend towards alternative packaging, such as canned and boxed wine, is gaining popularity, offering versatility and convenience.
Who are the Key Companies in the Red Wine Market?
Major players in the red wine market are:
• Accolade Wines
• Caviro S.C.A.
• Vina Concha Y Toro S.A.
• Castel Winery PLC
• E. & J. Gallo Winery
• Grupo Peñaflor S.A.
• Diageo plc
• Treasury Wine Estates Limited
• Constellation Brands Inc.
• The Wine Group Inc.
• Campari Group
• Brown-Forman Corporation
• Amvyx SA
• Rémy Cointreau SA
• Compagnia Del Vino SRL
• Pernod Ricard SA
• Trinchero Family Estates
• Bronco Wine Company
• Vintage Wine Estates
• Ste. Michelle Wine Estates
• Kendall-Jackson Vineyard Estates
• Bodegas Torres
• Concha y Toro
• Antinori S.p.A.
• Opus One
• Silver Oak Cellars
• Caymus Vineyards
• Robert Mondavi Winery
What are the Regional Trends Across the Red Wine Market?
North America was the largest region in the red wine market in 2024
