Opportunities in Asia Pacific Wine Sector

Summary

The global wine sector was valued at US$372,482.4 million in 2019 and is expected to grow at a CAGR of 4.2% over 2019-2024 to reach US$456,963.2 by 2024. Asia Pacific was the second largest market in the global wine sector with value sales of US$102,346.3 million, accounting for a share of 27.5% in 2019. The region was the third largest market in terms of volume, with 4,229.3 million liters during the same year. Asia Pacific is set to emerge as the world’s fastest-growing market, compared to other regions, with value and volume CAGRs of 12% and 7.5%, respectively, during 2019-2024. Based on the relative performance of countries on multiple metrics, Japan, South Korea, Singapore, and Hong Kong were shortlisted as high-potential countries primarily due to the large wine sector size, projected high-value growth rates, and projected rising per capita value growth levels. The top five companies in the Asia Pacific wine sector accounted for a share of 32% in 2019, of which Yantai Changyu Pioneer Wine Co Ltd held a share of 9.9%, with presence in sparkling and still wine categories. It was followed by Tonghuagrape Wine Co., Ltd (7.1%), Dynasty Fine Wines Group Limited (6.2%), Constellation Brands, Inc (4.7%), and Yantai Weilong Grape Wine Co., Ltd. (4.1%). Private labels held a 2.8% value share of overall sales in 2019. Hypermarkets & supermarkets was the leading distribution channel in the Asia Pacific wine sector, with a value share of 23.2% in 2019. In 2019, glass was the most widely used pack material, accounting for a 93% share.

This report brings together multiple data sources to provide a comprehensive overview of the Asia-Pacific Wine Sector. It includes market overview, high growth country analysis, top companies, key distribution channels, packaging formats and case studies.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the Asia Pacific wine sector, analyzing data from 26 countries in the region. It includes analysis on the following -

• Market Environment: Includes sector size, market size, and growth analysis by category
• High-Potential Countries’ Analysis: Indicates changing share of value consumption in the various wines by category across high-potential countries in the Asia Pacific region. It also provides risk-reward analysis of four countries across the Asia Pacific region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure
• Country Deep Dive: Provides the overview, demographic analysis, and key trends across high-potential countries
• Success Stories: Provides some of the most compelling wine manufacturers, brands, products, and marketing campaigns in the Asia Pacific region. It also provides a better understanding of how a certain manufacturer achieved success in the sector, and insights
• Competitive Environment: Provides an overview of leading companies in the Asia Pacific region, besides analyzing the growth of private label in the region
• Distribution Analysis: Provides analysis on the leading distribution channels in Asia Pacific wine sector in 2019. It covers six distribution channels - hypermarkets & supermarkets, convenience stores, food & drinks specialists, e-retailers, “Dollar stores”, variety stores & general merchandise retailers, and others which includes cash & carries and warehouse clubs, department stores, and other retailers
• Packaging Analysis: The report provides percentage share (in 2019) and growth analysis (during 2014-2024) for various pack materials pack type, closure, and primary outer types based on the volume sales (by pack units) of wine
• Challenges and Future Outlook: Provides the challenges and future outlook pertaining to the Asia Pacific wine sector

Reasons to Buy

• Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region.
• The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis , that can help companies gain insight into the country specific nuances
• The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
• To gain competitive intelligence about leading companies in the sector in the region with information about their market share and growth rates