Brazil Wine Market Size & Outlook, 2020-2028
Brazil wine market, 2016-2028 (US$M)
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Brazil wine market highlights
- The Brazil wine market generated a revenue of USD 10,395.0 million in 2020 and is expected to reach USD 18,455.2 million by 2028.
- The Brazil market is expected to grow at a CAGR of 7.4% 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 10,395.0 million |
| Market revenue in 2028 | USD 18,455.2 million |
| Growth rate | 7.4% (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, Brazil accounted for 2.5% 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 |
|---|
Brazil 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 95.67% in 2020. Horizon Databook has segmented the Brazil wine market based on table wine, dessert wine, sparkling wine covering the revenue growth of each sub-segment from 2016 to 2028.
According to Wine Intelligence, between 2019 and 2020, the Brazilian wine market gained 3 million regular wine drinkers, which is at least once a month. Consumers have been drinking more wine due to social isolation measures.
Accustomed to drinking in social gatherings or at special dinners, Brazilian consumers have discovered that a glass of wine is just as enjoyable during an afternoon at home, for a typical lunch, or even while reading a book.
Domestic producers emerged as one of the most important elements within the Brazil wine industry in 2020. The rise in the value of the US dollar, greater proximity of points of sale, and consumers that are less resistant to local wine are among the key factors that contributed to the positive performance of the domestic market.
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Target buyers of Brazil wine market databook
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil wine market , including forecasts for subscribers. This country databook contains high-level insights into Brazil wine market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Brazil wine market size, by product, 2016-2028 (US$M)
Brazil Wine Market Outlook Share, 2020 & 2028 (US$M)
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