All Rights Reserved. This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2028. Clicking on the following button will update the content below. What are the factors driving the wine market. IBISWorld's statistic shows that as of Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Moreover, wines have been popular in the country for centuries, and the local market has been growing with the migration of people from vivid cultural backgrounds who are introducing new flavors to the market. It is the same as avid car lovers visiting a car factory, for example!Wine tourism is said to date back to the early 20th century, when wine routes were developed throughout Germany. The manufacturers, thus, procure grapes in bulk from these vineyards to produce wines at lower prices and fulfill the demand for locally produced wines. Please do not hesitate to contact me. The top sex tourism countries in the world, Components of tourism: Structure of the tourism industry, 13 Social impacts of tourism + explanations + examples, 10 Economic impacts of tourism + explanations + examples, 150 types of tourism that are trending right now. policy. It is also *the* region for wine festivals, which are of course a huge hit with enotourists. A proper wine tasting session at your local pub or bar, for example, is definitely a wine tourism activity. If you enjoyed this article, I am sure that you will love these too! WebThe global medical tourism market size was USD 11.56 billion in 2020. Throughout the first decade of the twenty-first century, the enotourism industry grew significantly. The enotourism market is divided as private guided tours and self-guided tours based on tour type. Mosel is where you want to go for sweet wines and views that will leave you speechless. b. The agreement will cover distribution in multiple markets in California with other states, including Texas, Louisiana, Oklahoma, Kentucky, Mississippi, Utah, Wyoming, and Nebraska. Wine tourism is a novel phenomenon in India (Kansara, 2019), growing among the urban crowd as a leisure activity and memorable experience (Singh & Wagner, 2019;Singh et al., 2020). The framework includes rules and regulations for enotourism activities including vineyard tours and wine tastings. Furthermore, a significant increase in government initiatives to encourage tourism in the form of private and public partnerships is expected to drive the global enotourism market in the coming years. To use individual functions (e.g., mark statistics as favourites, set Bottled water market in the United States, Get the best reports to understand your industry. The market size of the global tourism sector grew by roughly 41 percent in 2022 over the previous year, after dropping dramatically with the onset of the coronavirus Nonetheless, innovations in wine products and various flavors are likely to provide lucrative opportunities for the imported wine market in the United States. The wine production here is diverse, and the scenery is breathtakingly green. According to recently released data at the International Wine Tourism Conference held in February of 2012, wine tourism in Italy generates 5 billion ($6.5 billion USD) a year (IANS, 2012). But where there is industry, tourism isnt far behind. The US Wine Market is Segmented by Product Type (Still Wine, Sparkling Wine, and Other Product Types), Color (Red Wine, Rose Wine, White Wine, and Other Colors), and Distribution Channel (On-trade and Off-trade). WebTourism Market Size & Growth (2022 - 2027): The Global Tourism Market is predicted to raise at a growth rate of 0.2% to US$ 1.5 trillion in next the five years. (September 22, 2021). The report includes analyses of the regional as well as global market, key players, market segments, application areas, and growth strategies. We are happy to help. "Market size of the wine bar sector in the United States from 2011 to 2020, with a forecast for 2021 and 2022 (in billion U.S. With the ongoing pandemic, the off-trade distribution channel has seen more growth as compared to the on-trade channel. Chart. Germany hosts around 7.3 million, and Italy around 5 million. data than referenced in the text. Statista assumes no Through its physical shops and website, Kroger claims to be serving more than 11 million people every day. Some prominent players in the global wine market include: -, Revenue in USD billion and CAGR from 2021 to 2028, Revenue forecast, company ranking, competitive landscape, growth factors, and trends, North America; Europe; Asia Pacific; Central & South America; Middle East & Africa, U.S.; U.K.; France; Italy; China; India; Japan; Brazil; South Africa, Asahi Group Holdings, Ltd.; Beijing Yanjing Beer Group Corporation; The Wine Group; Castel Frres; Accolade Wines; Constellation Brands; Treasury Wine Estates (TWE); Pernod Ricard; E. & J. Gallo Winery; Via Concha y Toro. Wine tourism is BIG business! For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. online dashboard trial. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. dollars)." WebTourism Market -Global Industry Analysis, Size and Forecast ,2014-2020 - Global Locations - Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States T: +1-845-579-5705 MEA Market Access DMCC 1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A, Report Tourism Market Tourism Market With restaurants, hotels, and bars shut or running on limited capacity, consumers have turned to food retailers as well as online portals to shop for the product. At 13.6% CAGR, the Enotourism market will expand from 2021-2030. The on-trade distribution channel segment is anticipated to register the fastest CAGR of 15.3% from 2021 to 2028. Dollars). Then you can access your favorite statistics via the star in the header. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. Countries such as Germany and the U.K. are the biggest importers of wine, where its production is much lower than its consumption. Dollars). Statista assumes no Show publisher information Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Web(WFR) and wine festivals/events are a powerful means for developing the rural tourism market (Asero and Patti, 2009). to incorporate the statistic into your presentation at any time. 2023 Allied Market Research. Owing to the above factors, the players have been expanding their reach across the region and using various strategies to penetrate the market further. According to the UN Comtrade, the United States' sparkling wine imports increased from USD 1,304.72 million in 2020 to USD 1,910.5 million in 2021. As with any type of food tourism, you dont have to travel particularly far to engage with wine tourism. The partnership and collaboration are key growth strategies of Enotourism players. Statista says, The wine tourism market worldwide was estimated to be worth around 8.7 billion U.S. dollars in 2020, a year in which the entire global tourism industry Get insights on topics that are crucial for your business. 2023 Dr Hayley Stainton, all rights reserved. If you want to see where some of the most famous types of wine come from, then wine tourism in France is for you. Later still and much more recently, in 2004, the film Sideways starring Paul Giamatti and Thomas Haden Church showcased two men embarking on a wine tour through Santa Ynez Valley. liability for the information given being complete or correct. Are you interested in testing our business solutions? Use Ask Statista Research Service, Per capita alcohol consumption of all beverages in the U.S. by state 2020, Total alcoholic beverage sales in the U.S. 2006-2021, U.S. bar and nightclub market size 2012-2022. A. The global enotourism market was valued at $8,653.4 million in 2020, and is projected to reach $29,593.4 million by 2030, registering a CAGR of 13.6% from 2021 to 2030. Nevertheless, to satiate the high demand, considerable land area has been converted into vineyards to cater to the need for grapes that would be highly priced if sourced from outside the United States. Not only that, but Palatinate is home to some of the best food in Germany! Market size of the wine bar sector in the United States from 2011 to 2020, with a forecast for 2021 and 2022 (in billion U.S. dollars) [Graph]. Find your information in our database containing over 20,000 reports, global leader in terms of wine consumption. MARKET OPPORTUNITIES AND FUTURE TRENDS. European countries, especially Italy, France, and Spain, have been major producers of wines for centuries due to the abundant availability of grapes for wine production and the increasing demand for their wines globally. Research expert covering travel, tourism and hospitality. As a wine tourist on a specific wine tourism trip like a tour through a specific region you can experience so many benefits. Enotourism is a big deal across the globe, and it doesnt show any signs of slowing down in terms of its growth. Why is wine tourism important to a winery? "The quality of research they have done for us has been excellent.". Vins du Monde shared some interesting statistics too, particularly related to where the most wine tourism takes place. We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. It comes with the additional cost of $2500.00 contact sales. (February 1, 2023). A paid subscription is required for full access. People are curious to see how the world around them works, which is why any form of industrial tourism is popular. Following the films release and success, the enotourism industry definitely saw a boost! Read on to find out. statistic alerts) please log in with your personal account. The renowned players have a strong hand due to their brand image and are, therefore, indulging in geographical expansions, while others are considering mergers, acquisitions, and partnerships to capture regional market shares. It adds a slightly deeper aspect to your trip; its something a bit different from simply lounging by the pool!

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