South Africa Wine Market Size & Outlook, 2020-2028
South Africa wine market, 2016-2028 (US$M)
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South Africa wine market highlights
- The South Africa wine market generated a revenue of USD 2,874.4 million in 2020 and is expected to reach USD 4,900.9 million by 2028.
- The South Africa market is expected to grow at a CAGR of 6.9% 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.
Wine market data book summary
| Market revenue in 2020 | USD 2,874.4 million |
| Market revenue in 2028 | USD 4,900.9 million |
| Growth rate | 6.9% (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, South Africa accounted for 0.7% 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 Middle East & Africa, South Africa wine market is projected to lead the regional market in terms of revenue in 2028.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 4,900.9 million by 2028.
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Wine Market Scope
Wine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South 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 95.68% in 2020. Horizon Databook has segmented the South Africa wine market based on table wine, dessert wine, sparkling wine covering the revenue growth of each sub-segment from 2016 to 2028.
The consumers in South Africa are known to consume a significant amount of table wine. There is an increasing trend towards consuming drinks with lower alcohol content and staying sober. This trend is observed to be prominent especially among millennials.
Thus, wine with a lower ABV is gaining popularity amongst drinkers as people are imbibing lighter drinks. This is expected to drive demand for table wines in the coming years.
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Target buyers of South Africa 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa wine market , including forecasts for subscribers. This country databook contains high-level insights into South Africa wine market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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South Africa wine market size, by product, 2016-2028 (US$M)
South Africa Wine Market Outlook Share, 2020 & 2028 (US$M)
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