Industry Analysis & Industry Trends
Growth will gradually improve over the five years as the oversupply of wine alleviates and the economic outlook improves in wine-consuming markets. Although they constitute only minor proportions of the global wine market at present, China and other developing Asian countries loom as major growth markets in the long term, with rising disposable income and more sophisticated consumer palates expected to push sales of imported wines... read more
Industry SWOT Analysis
During the 10 years to 2019, the industry's contribution to the global economy is estimated to stagnate and, therefore, decline as a share of world GDP. In many nonproducing nations and relatively new producing nations, the industry is growing in popularity as people switch from other alcoholic beverages to wine. The rise in interest is simply due to consumer preferences, which have steered away from traditional forms of beer toward high-margin craft beers and wines. Consequently, as world GDP grows at an estimated 3.6% annualized rate from 2009 to 2019, the Wine Manufacturing industry's contribution to GDP, as measured by industry value added, is forecast grow at a slower 4.2% annualized rate.
The structure of business ownership differs by region... read more