Middle East & Africa Wine Market Size & Outlook, 2020-2028
Middle East & Africa wine market, 2016-2028 (US$M)
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MEA wine market highlights
- The MEA wine market generated a revenue of USD 25,572.7 million in 2020.
- The market is expected to grow at a CAGR of 5.9% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2021 to 2028.
MEA data book summary
| Market revenue in 2020 | USD 25,572.7 million |
| Market revenue in 2028 | USD 40,336.5 million |
| Growth rate | 5.9% (CAGR from 2020 to 2028) |
| Largest segment | Table wine |
| Fastest growing segment | Sparkling Wine |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 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, MEA region accounted for 6.1% of the global wine market in 2020.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 134,111.9 million by 2028.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Wine Market Scope
Wine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 95.7% in 2020. Horizon Databook has segmented the Middle East & Africa wine market based on table wine, dessert wine, sparkling wine covering the revenue growth of each sub-segment from 2016 to 2028.
The wine market in the Middle East & Africa gets little international attention when compared to powerhouse countries like France and Italy. Nevertheless, the tradition of consuming wine in the region continues to thrive.
Most of the wine produced regionally is served at Michelin star restaurants from Morocco to Syria, and residents continue to enjoy drinking a bottle of their favorite local wine. Alcohol consumption is completely banned in some parts of the Middle East, including Saudi Arabia, Kuwait, and Iran.
Thus, the consumption of alcoholic beverages in this region is likely to remain low compared to North America and Europe. Many wine brands also have a much lower presence in this region owing to its religious, social, and political limitations.
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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 continent-level data and insights on the Middle East & Africa wine market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa wine market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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MEA wine market size, by country, 2016-2028 (US$M)
Middle East & Africa Wine Market Outlook Share, 2020 & 2028 (US$M)
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