Argentina Wine Market Size & Outlook, 2020-2028
Argentina wine market, 2016-2028 (US$M)
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Argentina wine market highlights
- The Argentina wine market generated a revenue of USD 20,592.0 million in 2020 and is expected to reach USD 38,903.8 million by 2028.
- The Argentina market is expected to grow at a CAGR of 8.3% from 2021 to 2028.
- In terms of segment, table wine was the largest revenue generating product in 2020.
- Sparkling Wine is the most lucrative product segment registering the fastest growth during the forecast period.
Wine market data book summary
| Market revenue in 2020 | USD 20,592.0 million |
| Market revenue in 2028 | USD 38,903.8 million |
| Growth rate | 8.3% (CAGR from 2020 to 2028) |
| Largest segment | Table wine |
| Fastest growing segment | Sparkling Wine |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Table Wine, Dessert Wine, Sparkling Wine |
| Key market players worldwide | Asahi Group Holdings Ltd, The Wine Group, Accolade Wines, Constellation Brands Inc Class A, Treasury Wine Estates Ltd, Pernod Ricard SA |
Other key industry trends
- In terms of revenue, Argentina accounted for 4.9% of the global wine market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Latin America, Argentina wine market is projected to lead the regional market in terms of revenue in 2028.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 38,903.8 million by 2028.
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Wine Market Scope
Wine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Argentina wine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wine market will help companies and investors design strategic landscapes.
Table wine was the largest segment with a revenue share of 94.63% in 2020. Horizon Databook has segmented the Argentina wine market based on table wine, dessert wine, sparkling wine covering the revenue growth of each sub-segment from 2016 to 2028.
Argentina has been battling a currency crisis since late 2019, which forced the Mauricio Macri government to implement currency controls. These controls have tightened under center-left President Alberto Fernandez and Martín Guzmán, the Minister of Economy.
As a result, the import of wine has been on the downtrend. However, the country produces a large variety of high-quality and value-for money wines, making the Argentina wine market attractive to consumers as well as the global supply chain.
There are also a growing number of young and talented Argentinian winemakers exploring new regions, soils, and varieties of wine, and they are not afraid to bring fresh ideas to the industry.
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Target buyers of Argentina wine market databook
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Our clientele includes a mix of wine market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina wine market , including forecasts for subscribers. This country databook contains high-level insights into Argentina wine market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Argentina wine market size, by product, 2016-2028 (US$M)
Argentina Wine Market Outlook Share, 2020 & 2028 (US$M)
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