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Wine - Southeast Asia

Southeast Asia
  • Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Wine market amounts to US$2.9bn in 2024.
  • Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$2.2bn in 2024.
  • Revenue, combined amounts to US$5.1bn in 2024.
  • The revenue, at home is expected to grow annually by 1.73% (CAGR 2024-2029).
  • In global comparison, most revenue, at home is generated United States (US$40bn in 2024).
  • In relation to total population figures, the average revenue per capita, at home of US$4.20 are generated in 2024.
  • In the Wine market, volume, at home is expected to amount to 188.5m L by 2024.
  • Volume, out-of-home is expected to amount to 87.7m L in 2024.
  • Volume, combined is expected to amount to 276.1m L in 2024.
  • The Wine market is expected to show a volume growth, at home of -1.9% in 2025.0.
  • The average volume per person, at home in the Wine market is expected to amount to 0.27L in 2024.

Definition:

The Wine market contains alcoholic beverages derived from fermented grapes.

Structure:

The Wine market is divided into the following markets:

  • The Still Wine market refers to wine without the addition of carbon dioxide. This market also contains additional information regarding red wine, white wine, and rosé wine.
  • The Sparkling Wine market refers to wine with the addition of carbon dioxide.
  • The Fortified Wine market refers to wine that has been strengthened with added alcohol.

Additional information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per liter, as well as sales channels. Per capita figures refer to a country’s or region’s whole population.

At-home market data covers retail sales via super- and hypermarkets, eCommerce, convenience stores, and similar sales channels. Out-of-home market data includes all sales in hotels and restaurants, sales by catering companies, as well as sales in cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. All prices are valued at retail selling prices, including all sales and consumption taxes.

In-Scope

  • Grape Wine, such as Red Wine
  • Sparkling Wine, such as Champagne
  • Fortified Wine, such as Sherry

Out-Of-Scope

  • Other Fruit Wines, such as Cider or Perry
  • Non-Alcoholic Wine
Wine: market data & analysis - Cover

Market Insights report

Wine: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Price

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Wine market in Southeast Asia has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in Southeast Asia have shifted towards Western alcoholic beverages, including wine. This can be attributed to the increasing exposure to Western culture and the perception of wine as a sophisticated and trendy drink. Additionally, the rising middle class in the region has led to an increase in disposable income, allowing consumers to explore new and premium products like wine. Trends in the market indicate a growing demand for wine in Southeast Asia. Wine consumption has become more popular among young adults, who are increasingly interested in exploring different flavors and experiences. This has led to an increase in wine bars, wine clubs, and wine tasting events in major cities across the region. Furthermore, wine tourism has gained traction, with more tourists visiting vineyards and wineries in countries like Thailand and Vietnam. Local special circumstances also play a role in the development of the Wine market in Southeast Asia. For instance, countries like Thailand and Vietnam have a long history of grape cultivation and winemaking, which has helped establish a local wine industry. This has led to the production of indigenous wines that cater to the local palate and preferences. Additionally, the region's tropical climate poses challenges for wine storage and distribution, which has created opportunities for wine importers and distributors to provide specialized solutions. Underlying macroeconomic factors have also contributed to the growth of the Wine market in Southeast Asia. The region's strong economic growth, urbanization, and increasing tourism have created a conducive environment for the wine industry to thrive. Additionally, the signing of free trade agreements and the reduction of import tariffs have made wine more affordable and accessible to consumers in the region. In conclusion, the Wine market in Southeast Asia is experiencing significant growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. As the region continues to develop and consumers become more sophisticated, the demand for wine is expected to further increase in the coming years.

    Methodology

    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.

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    Wine: market data & analysis - BackgroundWine: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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