Global Premium Wine Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Still wine, Sparking wine, Dessert wine, and Fortified wine.

By Colour;

Red wine, Rose wine, White wine, and Others.

By Distribution Channel;

Store Based Retailers and Online Retailers.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn056941950 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Premium Wine Market (USD Million), 2021 - 2031

In the year 2024, the Global Premium Wine Market was valued at USD 32,441.77 million. The size of this market is expected to increase to USD 48,941.73 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.1%.

The global premium wine market has seen significant growth in recent years, driven by increasing consumer interest in high-quality, artisanal products. This segment, which encompasses wines that are priced higher than mass-market offerings, appeals to discerning consumers who prioritize taste, provenance, and unique experiences. As wine enthusiasts seek out premium labels, the market is evolving with a broader range of choices that cater to diverse palates and preferences.

Several factors contribute to the expanding premium wine market. Rising disposable incomes, particularly in emerging economies, have enabled more consumers to explore and invest in premium options. Additionally, a growing appreciation for wine culture, along with increased access to information through digital platforms, has fostered a community of educated consumers who are eager to try new varieties and brands. The trend towards sustainable and organic wines has also influenced purchasing decisions, further shaping the market landscape.

The premium wine market is characterized by regional distinctions, with strong performances in established markets such as Europe and North America, as well as burgeoning interest in Asia-Pacific. Countries like France, Italy, and Spain continue to dominate in terms of production and reputation, while new players are emerging, offering innovative wines that cater to changing consumer tastes. As the market continues to evolve, brands are adapting their strategies to meet the demands of this dynamic landscape, emphasizing quality, storytelling, and authenticity to capture the attention of premium wine consumers.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Colour
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Global Premium Wine Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Disposable Income

        2. Increasing Consumer Awareness

        3. Health Benefits Perception

        4. Expanding E-commerce Channels

      2. Restraints
        1. High Production Costs

        2. Regulatory Challenges

        3. Changing Consumer Preferences

        4. Climate Change Impact

      3. Opportunities
        1. Sustainable Practices Adoption

        2. Premiumization Trend

        3. Unique Experiences Offerings

        4. Collaborations with Chefs

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Premium Wine Market, By Product Type, 2021 - 2031 (USD Million)
      1. Still wine
      2. Sparking wine
      3. Dessert wine
      4. Fortified wine
    2. Global Premium Wine Market, By Colour, 2021 - 2031 (USD Million)
      1. Red wine
      2. Rose wine
      3. White wine
      4. Others
    3. Global Premium Wine Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Store Based Retailers
      2. Online Retailers
    4. Global Premium Wine Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea ASEAN (Association of South East Asian Countries)
        6. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Accolade Wines
      2. The Wine Group
      3. Davide Campari-Milano S.p.A., E. & J.
      4. Gallo Winery
      5. Constellation Brands, Inc
      6. John Distilleries
      7. Castel Group
  7. Analyst Views
  8. Future Outlook of the Market