France Wine Market Size & Outlook, 2020-2028
France wine market, 2016-2028 (US$M)
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France wine market highlights
- The France wine market generated a revenue of USD 34,431.2 million in 2020 and is expected to reach USD 54,909.3 million by 2028.
- The France market is expected to grow at a CAGR of 6% 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 34,431.2 million |
| Market revenue in 2028 | USD 54,909.3 million |
| Growth rate | 6% (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, France accounted for 8.2% 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 Europe, France wine market is projected to lead the regional market in terms of revenue in 2028.
- France is the fastest growing regional market in Europe and is projected to reach USD 54,909.3 million by 2028.
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Wine Market Scope
Wine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
France 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 68.94% in 2020. Horizon Databook has segmented the France wine market based on table wine, dessert wine, sparkling wine covering the revenue growth of each sub-segment from 2016 to 2028.
As per the blog published by Wine Intelligence in 2019, France is a country where wine remains firmly embedded in the domestic culture and the level of consumer involvement, i.e., how much they care about wine is showing signs of strengthening.
For instance, over the last five years, there has been an increase in the number of French wine drinkers that consider wine to be an important part of their lifestyle. Additionally, a large majority of French wine consumers also associate wine with values of tradition and sophistication and consume a drink that familiar.
Increasingly, consumers also associate wine with relaxing occasions and see the drink as refreshing. These factors are expected to create an optimistic outlook for the France wine market in the upcoming years. Wine tourism in France is currently experiencing considerable growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the France wine market , including forecasts for subscribers. This country databook contains high-level insights into France wine market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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France wine market size, by product, 2016-2028 (US$M)
France Wine Market Outlook Share, 2020 & 2028 (US$M)
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