Global Dessert Wine Market – Industry Trends and Forecast to 2029

Market Analysis and Size

Wine production and consumption have increased dramatically in recent years, resulting in a high demand for premium and flavoured wines. Some of the primary factors encouraging wine consumption are social interactions, modernity, and growing acceptance of Western culture. Alcoholic beverages are in high demand as they have become a status symbol in developing economies. As a result, sales of premium wine with a wide range of flavours and essences are increasing.

Data Bridge Market Research analyses that the dessert wine market was valued at USD 32.65 million in 2021 and is expected to reach the value of USD 58.23 million by 2029, at a CAGR of 7.50% during the forecast period of 2022-2029.

Market Definition

Dessert wines, as the name implies, are served alongside dessert and are also known as pudding wines. These wines are made from extremely ripe grapes using a variety of techniques and procedures, and they have a high sugar and alcohol content. These are available in a variety of colours and flavours.

Report scope and market Segmentation

Dessert Wine Market Dynamics

Drivers

• Changing customers preferences and rising disposable incomes

Changing lifestyles, rapid modernization, and rising disposable incomes are all expected to contribute significantly to the global dessert wine market's growth. Changing customer preferences and rising demand for a better-tasting product are driving manufacturers to improve product quality and expand the number of variants available on the market.

• Wide availability of distribution channels and constant product innovation

Another factor that is expected to contribute to the market's growth is the availability of adequate distribution channels. Continuous product innovation in terms of taste and packaging styles will drive the global dessert wine market forward.

Opportunity

One of the primary factors expected to drive the growth of the fortified wine market in the coming years is product premiumization. To meet changing consumer preferences, market leaders are focusing on the development of new flavoured fortified wines. Consumers traded up to higher-value products in markets around the world, primarily across a wide range of categories. This is a prevalent trend in developed markets. Consumers are eager to try new and interesting alcoholic beverages which are creating ample of growth opportunities to the market.

Restraints

High production costs, stringent government regulations associated with the sale and distribution of alcoholic beverages, and time-consuming manufacturing processes are expected to impede market growth. The dessert wine market is expected to be challenged by fluctuations in the cost and availability of raw materials, as well as health concerns associated with alcohol consumption.

This dessert wine market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the dessert wine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Dessert Wine Market

COVID-19 had a significant impact on the wine industry due to the forced closure of on-trade wineries in several countries, including the United States, the United Kingdom, and India, to control the virus's spread. The current environment may allow the wine industry to reclaim lost consumer attention. According to the analysis, total wine volumes are increasing year on year as more people buy wine to enjoy with meals at home, primarily in European and North American countries. On the other hand, it is unclear whether the current off-trade boost will last after pantry stockpiles deplete, the on-trade gradually reopens, and consumption behaviour returns to pre-COVID-19 levels.

Recent Development

• E. & J. Gallo Winery (Gallo) announced the completion of the acquisition of more than 30 wine brands from Constellation Brands Inc. in January 2021. The Federal Trade Commission has approved the agreement between Gallo and Constellation to be completed on December 23, 2020.
• In July 2021, E. & J. Gallo Winery's Luxury Wine Group announced the release of The Language of Yes, a collection of wines created in collaboration with legendary winemaker and visionary Randall Grahm.
• Constellation Brands will launch a dedicated business unit for fine wine and craft spirits in April 2021. High West Whisky, Casa Noble Tequila, Mi Campo, Copper & Kings, Nelson's Green Brier Distillery, and The Real McCoy are among the new fine wine and craft spirits.

Global Dessert Wine Market Scope

The dessert wine market is segmented on the basis of product type, color, application, and packaging and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Still Wine
• Sparkling Wine
• Fortified Wine

Colour

• Red Wine
• Rose Wine
• White Wine
• Other Colours

Application

• Daily Meals
• Social Occasions
• Entertainment Venues
• Other Situations

Packaging

• Plastic Bottles
• Glass bottles
• Others

Distribution channel

• Supermarket and Hypermarket
• Specialty Stores
• Convenience Stores
• Online Channels
• Others

Dessert Wine Market Regional Analysis/Insights

The dessert wine market is analysed and market size insights and trends are provided by country, product type, color, application, and packaging and distribution channel as referenced above.

The countries covered in the dessert wine market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Changing lifestyles, rapid modernization, and rising disposable incomes are all expected to contribute significantly to the global dessert wine market's growth. Changing customer preferences and rising demand for a better-tasting product are driving manufacturers to improve product quality and expand the number of variants available on the market.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Dessert Wine Market Share Analysis

The dessert wine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to dessert wine market.

Some of the major players operating in the dessert wine market are:

• John D. Taylor's (US)
• Patron (Mexico)
• De Kuyper (Netherlands)
• Wild Turkey (U.S)
• Baileys (UK)
• Gran Gala (Italy)
• UNICUM (Hungary)
• Hiram Walker and sons ltd. (U.S)
• Berentzen-Gruppe Aktiengesellschaft (Germany)
• Massenez (France)
• Heritage Grape Winery Pvt Ltd., (India)
• Grover Zampa (India)
• Pernod Ricard SA (Ireland)
• J. García Carrión (France)
• FREIXENET COPESTICK (UK)

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