Asia Pacific Wine Market Size & Outlook, 2025-2033
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Asia Pacific wine market highlights
- The Asia Pacific wine market generated a revenue of USD 94,423.7 million in 2024.
- The market is expected to grow at a CAGR of 10.5% from 2025 to 2033.
- In terms of segment, table wine was the largest revenue generating product in 2024.
- Sparkling Wine is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2033.
Asia Pacific data book summary
| Market revenue in 2024 | USD 94,423.7 million |
| Market revenue in 2033 | USD 228,041.7 million |
| Growth rate | 10.5% (CAGR from 2025 to 2033) |
| Largest segment | Table wine |
| Fastest growing segment | Sparkling Wine |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| 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, Asia Pacific region accounted for 18.3% of the global wine market in 2024.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 228,041.7 million by 2033.
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Wine Market Scope
Wine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Castel Frères | View profile | 51-100 | Blanquefort, Aquitaine, France, Europe | https://www.castel-freres.com/en/ |
| Constellation Brands, Inc. | View profile | - | - | - |
| Pernod Ricard | View profile | - | - | - |
| E. & J. Gallo Winery | View profile | - | - | - |
| Concha y Toro | View profile | 1001-5000 | Torre, Ilocos Norte, Philippines, Asia | http://www.conchaytoro.com |
| Accolade Wines | View profile | 1001-5000 | Adelaide, South Australia, Australia, Oceania | https://accoladewines.com |
| The Wine Group | View profile | 1-10 | Glen Ellen, California, United States, North America | https://www.imagerywinery.com |
| Treasury Wine Estates Ltd | View profile | 2600 | 161 Collins Street, Level 8, Melbourne, VIC, Australia, 3000 | https://www.tweglobal.com |
| Asahi Group Holdings Ltd | View profile | 34728 | 1-23-1, Azumabashi, Sumida-ku, Tokyo, Japan, 130-8602 | http://www.asahigroup-holdings.com |
| Constellation Brands Inc Class A | View profile | 10600 | 207 High Point Drive, Building 100, Victor, New York, NY, United States, 14564 | https://www.cbrands.com |
| Pernod Ricard SA | View profile | 20617 | 5, Cours Paul Ricard, Paris, France, 75008 | https://www.pernod-ricard.com |
Asia Pacific 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 102.09% in 2024. Horizon Databook has segmented the Asia Pacific wine market based on table wine, dessert wine, sparkling wine covering the revenue growth of each sub-segment from 2021 to 2033.
Asia Pacific is the third-largest market for wine consumption in terms of volume, driven primarily by China, Japan, and South Korea. The region offers significant potential due to its large customer base, rising disposable incomes, and favorable climatic conditions for wine cultivation, especially in China.
Non-grape wine is experiencing wide penetration in all major markets of Asia Pacific. Producers in China, Japan, and South Korea, the three biggest markets, are focusing on offering highend rice wine targeting millennials.
Companies are marketing their products to millennials by packaging them in attractive bottles, adding sweeter flavors, and reducing the alcohol content. According to the ProWein business report published in 2019, three of the top four most attractive wine markets in the world are countries from Asia Pacific.
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Target buyers of Asia Pacific 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific wine market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific wine market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Asia Pacific wine market size, by country, 2021-2033 (US$M)
Asia Pacific Wine Market Outlook Share, 2024 & 2033 (US$M)
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