Honey Wine Market To Reach $1.1 Billion By 2030 | CAGR: 9.4%

Honey Wine Market Growth & Trends

The global honey wine market size is expected to reach USD 1.1 billion by 2030, registering a CAGR of 9.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Demand for flavored wines is expected to be among the key factors driving the market. Increased consumer purchasing power, especially in developing countries like China, is anticipated to drive the product demand further.

Moreover, demand for sparkling wine and antioxidant beverages is estimated to drive the product demand. In addition, rising number of meaderies in developed countries will support the overall market growth. Positive impact of e-commerce channels and social media will also provide growth opportunities to the market. Europe is anticipated to be the largest regional market due to high product demand in countries, such as France, Italy, and U.K.

Moreover, presence of several leading manufacturers in the region and constant product launches by them are expected to propel the growth. Major companies are investing in R&D and capacity expansion to gain a higher industry share. For instance, in November 2018, Gosnell’s launched a Vintage Mead. They also focus on M&A and online sales for business expansion.

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Honey Wine Market Report Highlights

• The spices segment is expected to register the fastest CAGR during the forecast period. Spiced honey wines are rich in tradition and taste

• Off-trade channel of distribution led the global honey wine market in 2023 and accounted for an overall share of more than 70%

• Europe was the dominant regional market in 2023 and is projected to expand further at a steady CAGR over the next few years

Honey Wine Market Segmentation

Grand View Research has segmented the global honey wine market based on product, distribution channel, and region:

Honey Wine Product Outlook (Revenue, USD Million, 2018 - 2030)

• Fruits

• Spices

• Herbs

• Others

Honey Wine Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• On Trade

• Off Trade

Honey Wine Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

• Europe

  • UK

  • France

  • Italy

• Asia Pacific

  • China

  • Australia

• Latin America

  • Brazil

List Of Key Players in the Honey Wine Market

• Medovina Meadery

• Kuhnhenn Brewing Co. LLC

• Redstone

• Brothers Drake Maedery

• Schramm’s Mead

• Winery Kuhnhenn Brewing Co LLC

• The Honey Wine Company

• Martin Brothers Winery

• Moonshine Meadery

• Talon Wines.