Sweet Wine Market Size, Share, Trends, Growth Outlook

Sweet Wine Market is estimated to increase at a growth rate of 5.1% CAGR over the forecast period from 2024 to 2030.

The Sweet Wine Market Study forecasts the market size across 6 regions and 24 countries for diverse segments including-Type (White Wine, Red Wine, Others), Application (Daily Meals, Social Occasions, Entertainment Venues, Others), Distribution Channel (Liquor Stores, Supermarkets and Hypermarkets, Convenience Stores and Independent Retailers, Others).

An Introduction to Sweet Wine Market, 2024

Sweet Wine: The market for sweet wine encompasses a wide range of styles and is driven by the appeal of sweeter taste profiles among wine consumers. Key drivers include the diversity of sweet wine offerings, including dessert wines, late harvest wines, and fortified wines, catering to varying sweetness levels and flavor intensities. Sweet wines, characterized by their residual sugar content and aromatic profiles, appeal to consumers seeking balanced and indulgent wine experiences. The market growth is influenced by winemaking techniques that retain natural sweetness, coupled with consumer interest in exploring diverse wine styles and pairings with desserts or as standalone sipping options.

Sweet Wine Market Trend: Resurgence of Sweet Wine's Popularity Among Discerning Consumers

Sweet wine is currently experiencing a prominent market trend marked by the resurgence of its popularity among discerning consumers. Contrary to past perceptions associating sweetness with lower quality, there is a growing appreciation for the diverse range of sweet wines, including late harvest, ice wine, and dessert wines. This trend reflects a shift in consumer preferences towards wines that offer a balance of sweetness, complexity, and nuanced flavors, highlighting sweet wine as a sophisticated choice rather than merely a beginner's option.

Sweet Wine Market Driver: Increased Demand from Millennial and Female Wine Enthusiasts

A key driver for the sweet wine market is the increased demand from millennial and female wine enthusiasts. Millennials, known for their exploration of diverse and unique taste experiences, are drawn to the variety of sweet wines available. Moreover, the wine industry has witnessed a notable rise in female consumers who often appreciate the approachability and versatility of sweet wines. This driver is fueled by changing demographics and a broader cultural shift towards inclusivity in the wine market, expanding the consumer base for sweet wines and contributing to their growing popularity.

Sweet Wine Market Opportunity: Innovative Marketing Strategies and Premiumization of Sweet Wine

An exciting opportunity within the sweet wine market lies in the implementation of innovative marketing strategies and the premiumization of sweet wine offerings. Brands can explore creative storytelling, highlighting the craftsmanship, terroir, and unique production methods that contribute to the creation of high-quality sweet wines. Additionally, there is potential to develop premium and limited-edition sweet wine releases, targeting consumers who seek exclusivity and sophistication. By combining innovative marketing approaches with a focus on premiumization, the sweet wine market has the opportunity to reshape its image, attract a discerning consumer base, and position sweet wines as refined choices for diverse occasions.

Sweet Wine Market Segmentation

Type
White Wine
Red Wine
Others

Application
Daily Meals
Social Occasions
Entertainment Venues
Others

Distribution Channel
Liquor Stores
Supermarkets and Hypermarkets
Convenience Stores and Independent Retailers
Others

Geographical Segmentation
• North America (US, Canada, Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, South East Asia, Rest of Asia Pacific)
• South America (Brazil, Argentina, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, Egypt, South Africa, Nigeria, Rest of Africa)
 

Sweet Wine Companies Profiled in the Study-

E. and J. Gallo Winery
Constellation Brands, Inc.
Castel Frères SA
The Wine Group LLC
Accolade Wines Holdings Limited
Treasury Wine Estates Limited
Trinchero Family Estates, Inc.
Pernod Ricard SA
Diageo PLC
Casella Family Brands
Changyu Pioneer Wine Co., Ltd.
Kendall-Jackson Wine Estates Ltd.
Viña Concha y Toro S.A.
China Great Wall Wine Co., Ltd.
Dynasty Fine Wines Group Limited

Reasons to Buy the Sweet Wine Market Study

• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the Sweet Wine Market, encompassing current market size, growth trends, and forecasts till 2030.
• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities
• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the Sweet Wine Market industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics
• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.

TABLE OF CONTENTS

1 Introduction To 2024 Sweet Wine Markets
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Included
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Sweet Wine Market Size Outlook, $ Million, 2021 to 2030
3.2 Sweet Wine Market Outlook by Type, $ Million, 2021 to 2030
3.3 Sweet Wine Market Outlook by Product, $ Million, 2021 to 2030
3.4 Sweet Wine Market Outlook by Application, $ Million, 2021 to 2030
3.5 Sweet Wine Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Sweet Wine Industry
4.2 Key Market Trends in Sweet Wine Industry
4.3 Potential Opportunities in Sweet Wine Industry
4.4 Key Challenges in Sweet Wine Industry

5 Market Factor Analysis
5.1 Competitive Landscape
5.1.1 Global Sweet Wine Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Sweet Wine Market Outlook by Segments
7.1 Sweet Wine Market Outlook by Segments
Type
White Wine
Red Wine
Others

Application
Daily Meals
Social Occasions
Entertainment Venues
Others

Distribution Channel
Liquor Stores
Supermarkets and Hypermarkets
Convenience Stores and Independent Retailers
Others

8 North America Sweet Wine Market Analysis and Outlook To 2030
8.1 Introduction to North America Sweet Wine Markets in 2024
8.2 North America Sweet Wine Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Sweet Wine Market size Outlook by Segments, 2021-2030
Type
White Wine
Red Wine
Others

Application
Daily Meals
Social Occasions
Entertainment Venues
Others

Distribution Channel
Liquor Stores
Supermarkets and Hypermarkets
Convenience Stores and Independent Retailers
Others

9 Europe Sweet Wine Market Analysis and Outlook To 2030
9.1 Introduction to Europe Sweet Wine Markets in 2024
9.2 Europe Sweet Wine Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Sweet Wine Market size Outlook by Segments, 2021-2030
Type
White Wine
Red Wine
Others

Application
Daily Meals
Social Occasions
Entertainment Venues
Others

Distribution Channel
Liquor Stores
Supermarkets and Hypermarkets
Convenience Stores and Independent Retailers
Others

10 Asia Pacific Sweet Wine Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Sweet Wine Markets in 2024
10.2 Asia Pacific Sweet Wine Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Sweet Wine Market size Outlook by Segments, 2021-2030
Type
White Wine
Red Wine
Others

Application
Daily Meals
Social Occasions
Entertainment Venues
Others

Distribution Channel
Liquor Stores
Supermarkets and Hypermarkets
Convenience Stores and Independent Retailers
Others

11 South America Sweet Wine Market Analysis and Outlook To 2030
11.1 Introduction to South America Sweet Wine Markets in 2024
11.2 South America Sweet Wine Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Sweet Wine Market size Outlook by Segments, 2021-2030
Type
White Wine
Red Wine
Others

Application
Daily Meals
Social Occasions
Entertainment Venues
Others

Distribution Channel
Liquor Stores
Supermarkets and Hypermarkets
Convenience Stores and Independent Retailers
Others

12 Middle East and Africa Sweet Wine Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Sweet Wine Markets in 2024
12.2 Middle East and Africa Sweet Wine Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Sweet Wine Market size Outlook by Segments, 2021-2030
Type
White Wine
Red Wine
Others

Application
Daily Meals
Social Occasions
Entertainment Venues
Others

Distribution Channel
Liquor Stores
Supermarkets and Hypermarkets
Convenience Stores and Independent Retailers
Others

List of Companies
E. and J. Gallo Winery
Constellation Brands, Inc.
Castel Frères SA
The Wine Group LLC
Accolade Wines Holdings Limited
Treasury Wine Estates Limited
Trinchero Family Estates, Inc.
Pernod Ricard SA
Diageo PLC
Casella Family Brands
Changyu Pioneer Wine Co., Ltd.
Kendall-Jackson Wine Estates Ltd.
Viña Concha y Toro S.A.
China Great Wall Wine Co., Ltd.
Dynasty Fine Wines Group Limited

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

Type/brWhite Wine /brRed Wine /brOthers/br/brApplication/brDaily Meals /brSocial Occasions /brEntertainment Venues /brOthers/br/brDistribution Channel/brLiquor Stores /brSupermarkets and Hypermarkets/brConvenience Stores and Independent Retailers/brOthers