As a Premium user you get access to background information and details about the release of this statistic. ", IBISWorld, 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) Statista, https://www.statista.com/statistics/1176770/wine-bar-industry-market-size-us/ (last visited March 02, 2023), 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], IBISWorld, September 22, 2021. The on-trade distribution channel segment is anticipated to register the fastest CAGR of 15.3% from 2021 to 2028. The company claims the product has the same premium taste that customers expect but with new, bold flavors and more options. The rising adoption of wine among all age groups from the young generation to the old age population across the globe is the key factor for market growth. Thus, the continuous growth in the import of high-quality wines into the country is expected to cater to the strong consumer base and drive the country's wine market shortly. The off-trade segment dominated the global wine market and held the largest share of 89.0% in 2020. b. Europe led the global wine market with the largest share of over 46.0% in 2020. b. For instance, in September 2022, Invivo X, Sarah Jessica Parker's wine brand SJP expanded in the United States Market, and the Sauvignon Blanc was claimed to be offered at 1,173 Kroger stores across the region. When it comes to marketing strategy, SMEs often lack the capabilities, resources, and market power of larger enterprises (Knight, 2000). Following the films release and success, the enotourism industry definitely saw a boost! WebWine regions are attracting increasing numbers of tourists through tours, wine festivals and events, and winery, restaurant and cellar door experiences. With good wine comes good food thats just a given. Please do not hesitate to contact me. Enotourism is increasing popularity in the wine and tourism value chains, as well as with government officials and academics. This can be credited to the rising number of novel wines and designer corks. The innovation in terms of flavor, color, and packaging customizations has led to increased sales of wines across the country. Learn more about how Statista can support your business. Staying in a small winery guest house is also available at some wineries. As a Premium user you get access to the detailed source references and background information about this statistic. In Italy, the number of tourists is estimated to be approximately around five million, with total revenue of $2.93 billion. 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. The travel and tourism industry were completely shut down during a coronavirus pandemic outbreak as a result, the industry was declining. 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. Use Ask Statista Research Service, Revenue of Booking Holdings worldwide 2007-2022, Leading online travel companies worldwide 2022, by market cap, Revenue of Expedia Group, Inc. worldwide 2007-2022, Revenue of Tripadvisor worldwide 2008-2022. Profit from the additional features of your individual account. The landscapes of the German wine region are breathtaking, and it is one of the nicest places to experience wine tourism in Europe. (September 22, 2021). Stay abreast of your interest areas. March 2022: Meiomi Wines announced the release of the Red Blend, adding another flavor sourced from Meiomis signature California regions. As a wine tourist on a specific wine tourism trip like a tour through a specific region you can experience so many benefits. 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). liability for the information given being complete or correct. Germany hosts around 7.3 million, and Italy around 5 million. Discounted price for multiple reports across domains, 2. In, IBISWorld. MARKET OPPORTUNITIES AND FUTURE TRENDS. According to a report by IWSR Drinks Market Analysis in 2020, approximately 80% of alcohol sales in the U.S. were generated from the off-trade distribution channel, and the rest 20% sales were from on-trade. policy. Meanwhile, there has been a sudden change in the purchasing behavior of consumers. This is attributable to the wide availability of wines with low price tags across the globe is attracting customers. The lockdown propelled the demand for off-trade sales of wine. WebThe global wine cork market size was valued at USD 5.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.6% from 2022 to 2028. data than referenced in the text. Get full access to all features within our Business Solutions. To use individual functions (e.g., mark statistics as favourites, set From Champagne to Bordeaux, there are so many regions here with wines named after them. (February 1, 2023). Dollars). The increase in the demand for wine in the US market has been creating lucrative opportunities for various players in the market. The Routledge Handbook of Wine Tourism examines the complex interplay of market profiling, sustainable regional development, and innovative experiential marketing constructs which, when successful, contribute to the growth and Free trial, before you make a purchase decision. Profit from the additional features of your individual account. You need a Statista Account for unlimited access. our privacy policy, By submitting, you confirm that you agree to our privacy Show publisher information to incorporate the statistic into your presentation at any time. In, IBISWorld. Countries such as Germany and the U.K. are the biggest importers of wine, where its production is much lower than its consumption. The Paris Wine Tasting of 1976 in the Napa Valley, California, was another turning point for wine tourism. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Wine market revenue worldwide from 2012 to 2025 (in million U.S. dollars) Worldwide revenue of the wine market 2021, by country Worldwide revenue of the wine With cheaper mass-produced wines being much more readily available now, smaller wineries are making less money and business is slowing down. Report. Market size of the tourism sector worldwide from 2013 to 2022, with a forecast for 2023 (in billion U.S. dollars) [Graph]. Not only that, but Palatinate is home to some of the best food in Germany! The United States Wine Market research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. You can also purchase parts of this report. The total grape cultivation for the production of wine accounted for 615,000 acres, while the table-type grape acreage totaled 128,000 acres. Choose from luxury private tours to big group tours but whatever you do, if youre a wine lover vacationing in Cali dont miss out on discovering the vineyards and wineries of the region. Payment Failed. You can only download this statistic as a Premium user. 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 Single User License, Five User License & Enterprise User License. Who are the key players in the wine market? You need at least a Starter Account to use this feature. We are always looking to hire talented individuals with equal and extraordinary proportions of industry 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. Free business intelligence platform with subscription, 4. Your transaction & personal information is safe and secure. Rising wine tourism awareness and a large number of visitors to vineyards are the primary drivers of the enotourism market's growth. Please check with your bank for further details. The market size of the wine bar sector in the United States reached 1.73 billion U.S. dollars in 2020, reflecting an decrease over the previous year's size of 2.39 The leading players operating in the global enotourism market are 290 Wine Shuttle, A Great Oregon Wine Tour, Arblaster and Clarke Wine Tours, Bulgaria Wine Tours, Burdick Vineyard Tours, California Wine Tours, Cloud Climbers Jeep and Wine Tours, Discover Texas Wine Tours, Grape Escapes Wine Tours, and Iowa Wine Tours Inc. A. Get in touch with us. The area is split into three subzones, known as the Southern Valley, Wairau Valley and the Awatere Valley. ", IBISWorld, Market size of the tourism sector worldwide from 2013 to 2022, with a forecast for 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1220218/tourism-industry-market-size-global/ (last visited March 02, 2023), Market size of the tourism sector worldwide from 2013 to 2022, with a forecast for 2023 (in billion U.S. dollars) [Graph], IBISWorld, February 1, 2023. Many visitors purchase the wine on-site, accounting for up to 33% of annual sales. Sparkling wine is projected to register the fastest CAGR of 6.6% from 2021 to 2028. Vins du Monde shared some interesting statistics too, particularly related to where the most wine tourism takes place. liability for the information given being complete or correct. A. The United States has been extensively importing premium wines from countries across the globe to fulfill demand, despite being a major ground for innumerable wine manufacturers. On the basis of tour type, the market is categorized as private guided tours and self-guided tours. Key factors that are driving the wine market growth include the rising adoption of wine among all age groups from the young generation to the old age population across the globe. 1.1 Study Assumptions and Market Definition, 4.3.2 Bargaining Power of Buyers/Consumers, 7. Please do not hesitate to contact me. Global wine consumption in 2021, by country, Per capita alcoholic beverage consumption United States 2012-2025, by segment, Manufacturing: Beverage & Tobacco Products in the U.S. 2022 - Industry Insights & Data Analysis, Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. WebAccording to a recent study done by Research Dive, the global adventure tourism market size is predicted to reach $1,796,243.8 million by 2027, at a 15.0% CAGR, growing from $609,000.0 million in 2019. 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. As forecast, the enotourisms market size was expected to reach nearly 29.6 billion euros in 2030. The off-trade channel is further classified into supermarkets/hypermarkets, specialty stores, online retail channels, and other distribution channels. Addition or alteration to country, regional & segment scope. WebThe global medical tourism market size was USD 11.56 billion in 2020. The Impact of Covid-19 on Wine Tourism. Due to varying update cycles, statistics can display more up-to-date The wine sales were 435.1 million 9-liter No purchase commitment. 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