Japan Wine Market Size & Outlook, 2020-2028
Japan wine market, 2016-2028 (US$M)
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Japan wine market highlights
- The Japan wine market generated a revenue of USD 10,895.8 million in 2020 and is expected to reach USD 21,001.9 million by 2028.
- The Japan market is expected to grow at a CAGR of 8.5% 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 10,895.8 million |
| Market revenue in 2028 | USD 21,001.9 million |
| Growth rate | 8.5% (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, Japan accounted for 2.6% 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 Asia Pacific, China wine market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,314.3 million by 2028.
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Wine Market Scope
Wine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Japan 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 92.58% in 2020. Horizon Databook has segmented the Japan wine market based on table wine, dessert wine, sparkling wine covering the revenue growth of each sub-segment from 2016 to 2028.
Japan applies either the lower of a 15% ad valorem tariff or 125 Japanese Yen per liter duty to wine. However, exporters from various other countries have reached free trade agreements with Japan that reduce or eliminate wine tariffs, including the European Union, CPTPP Countries, Australia, Chile, and Mexico.
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Target buyers of Japan 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 country-level data and insights on the Japan wine market , including forecasts for subscribers. This country databook contains high-level insights into Japan wine market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Japan wine market size, by product, 2016-2028 (US$M)
Japan Wine Market Outlook Share, 2020 & 2028 (US$M)
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