Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 0.2 % over the past five years, to reach an estimated $372.0bn in 2024.
Trends and Insights
Wine consuming countries are drinking less wine
- The underlying variable that determines the growth of the wine industry is the level of global wine consumption. Factors influencing this include changing consumer preferences, increasing disposable incomes, emerging markets and evolving food and beverage pairings trends.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
A decline in alcohol consumption in Europe will likely threaten winemakers
- Beer consumption in countries like France, Italy and Spain will slow, benefiting the wine industry. This shift reflects changing consumer preferences, with more people opting for wine over beer.
Biggest companies in the Global Wine Manufacturing
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
LVMH Moet Hennessy Louis Vuitton SE | 7,481.3 | N/A | N/A | |
E & J Gallo Winery | 5,236.9 | N/A | N/A |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Red wine varietals, White wine varietals and Sparkling wine. Red wine varietals is the largest segment of the Global Wine Manufacturing.
Trends and Insights
Red wine varietals have historically represented the most significant segment
- There are many red wine varieties. Many have achieved widespread popularity worldwide and are primarily produced on a large commercial scale. Pinot Noir, Cabernet Sauvignon, Merlot, Zinfandel and Malbec are the most widely produced types of red wine.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The Global Wine Manufacturing industry consists of companies engaged in at least one component of the winemaking process. Industry operators grow and harvest grapes, crush and press grape mixtures, ferment wine and eventually distribute wine for retail sale. The industry also manufactures wine and brandy from other fruit sources.
What's included in this industry?
Wine grape growingWine blendingWine bottlingWine marketingWine distribution and retailBrandy, vermouth and cider manufacturingCompanies
LVMH Moet Hennessy Louis Vuitton SEE & J Gallo WineryPurchase this report to view all 2 major companies in this industry.
Related Terms
TERROIRAPPELLATIONOLD WORLD WINENEW WORLD WINEVARIETALWINERYVITICULTUREVINTNERPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Beer-drinking countries are increasingly consuming wine, while nations traditionally known for wine are drinking less of it. This shift indicates a changing landscape in glob...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Red wines dominate global popularity, with Pinot Noir, Cabernet Sauvignon, Merlot, Zinfandel and Malbec being the most widely produced varieties. These types are favored for ...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Europe leads global wine production, with France, Italy and Spain as the top three producers. These countries dominate the industry and contribute significantly to the world'...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Business Locations Charts
- Share of global output by region in 2024
- Share of population compared to output in each region in 2024
- Data tables
- Share of global output by region in 2024
- Detailed analysis
- Geographic spread of the industry across Global, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Consumer alcohol preferences are ever-shifting and vary across countries and regions. Wineries around the world compete fiercely with distilleries and breweries.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
LVMH Moet Hennessy Louis Vuitton, the world's largest winemaker, produces luxury wines under renowned brands like Dom Perignon, Moet & Chandon and Veuve Clicquot. The company...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of LVMH Moet Hennessy Louis Vuitton SE's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of E & J Gallo Winery's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for LVMH Moet Hennessy Louis Vuitton SE, and factors influencing its performance in the industry
- Description and key data for E & J Gallo Winery, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Similar to other alcohol products, wine production is highly regulated worldwide. Regulations vary considerably across individual countries, reflecting local laws and standar...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit has been undercut by new entrants. The introduction of wines from New World countries has hurt profit for traditional powerhouses across Europe.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Global Wine Manufacturing industry in Global in 2024?
The market size of the Global Wine Manufacturing industry in Global is $372.0bn in 2024.
How many businesses are there in the Global Wine Manufacturing industry in 2024?
There are 101k businesses in the Global Wine Manufacturing industry in Global, which has grown at a CAGR of 5.5 % between 2019 and 2024.
Has the Global Wine Manufacturing industry in Global grown or declined over the past 5 years?
The market size of the Global Wine Manufacturing industry in Global has been growing at a CAGR of 0.2 % between 2019 and 2024.
What is the forecast growth of the Global Wine Manufacturing industry in Global over the next 5 years?
Over the next five years, the Global Wine Manufacturing industry in Global is expected to grow.
What are the biggest companies in the Global Wine Manufacturing market in Global?
The biggest companies operating in the Global Wine Manufacturing market in Global are LVMH Moet Hennessy Louis Vuitton SE and E & J Gallo Winery
What does the Global Wine Manufacturing in Global include?
Wine grape growing and Wine blending are part of the Global Wine Manufacturing industry.
Which companies have the highest market share in the Global Wine Manufacturing in Global?
The company holding the most market share in Global is LVMH Moet Hennessy Louis Vuitton SE.
How competitive is the Global Wine Manufacturing industry in Global?
The level of competition is high and increasing in the Global Wine Manufacturing industry in Global.
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Methodology
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IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources globally include:
- United Nations Comtrade
- Organization for Economic Cooperation & Development
- World Bank
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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