Contact
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
Key regions: Worldwide, Philippines, India, China, United Kingdom
Chile, known for its stunning landscapes and vibrant culture, is also making a name for itself in the wine market. With a rich history of winemaking dating back to the 16th century, Chile has emerged as a key player in the global wine industry.
Customer preferences: In recent years, there has been a growing demand for Chilean wines worldwide. Consumers are increasingly drawn to the unique characteristics of Chilean wines, which are known for their exceptional quality and value for money. Chilean wines are often described as fruit-forward, with a focus on varietals such as Cabernet Sauvignon, Merlot, and Carmenere. The country's diverse terroir, ranging from the cool coastal regions to the warm valleys of the interior, allows for the production of a wide range of wine styles to suit different tastes.
Trends in the market: One of the key trends in the Chilean wine market is the increasing focus on sustainability. Many wineries in Chile have embraced sustainable practices, such as organic and biodynamic farming, to minimize their impact on the environment. This trend is driven by both consumer demand for environmentally-friendly products and the recognition that sustainable practices can lead to higher quality wines. Another trend in the Chilean wine market is the rise of boutique wineries. These smaller, family-owned wineries are gaining popularity for their unique and limited-production wines. They often focus on producing wines from specific vineyards or regions, showcasing the diversity of Chile's terroir. These boutique wineries offer consumers a more personalized and intimate wine experience, which appeals to those seeking something beyond mass-produced wines.
Local special circumstances: Chile's geographical location and climate provide unique conditions for winemaking. The country is bordered by the Pacific Ocean to the west and the Andes Mountains to the east, creating a natural barrier that protects the vineyards from pests and diseases. This, combined with the country's long, dry summers and cool nights, provides ideal conditions for grape cultivation. Additionally, Chile's isolation from other wine-producing regions has helped to prevent the introduction of phylloxera, a vineyard pest that has devastated vineyards in other parts of the world.
Underlying macroeconomic factors: Chile's stable political and economic environment has played a significant role in the development of its wine industry. The country has a long history of wine production, and the government has implemented policies to support the growth of the industry. These include investment incentives, tax breaks, and the establishment of wine routes and tourism initiatives. Furthermore, Chile's reputation as a reliable exporter of high-quality wines has helped to boost its exports and attract foreign investment. In conclusion, the wine market in Chile is thriving due to a combination of customer preferences for quality and value, the adoption of sustainable practices, the rise of boutique wineries, favorable geographical and climatic conditions, and a supportive political and economic environment. As Chile continues to produce exceptional wines, it is likely to maintain its position as a key player in the global wine industry.
Data coverage:
The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.
Modeling approach:
Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on alcoholic beverages, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.
Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.
Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)