Opportunities in the Asia Pacific Wine Sector: An Analysis from 26 Countries in the Region – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Opportunities in Asia Pacific Wine Sector” report has been added to ResearchAndMarkets.com’s offering.

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, 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

Companies Mentioned

• Yantai Changyu Pioneer Wine Co Ltd
• Tonghuagrape Wine Co. Ltd
• Dynasty Fine Wines Group Limited
• Constellation Brands Inc
• Yantai Weilong Grape Wine Co. Ltd.
• Treasury
• Wine Estates Vintners Limited
• Yunnan Shangri-La Winery Co Ltd
• Yantai Pengzhu Winery Co Ltd
• Felix Solis Avantis SA
• Pernod Ricard SA

For more information about this report visit https://www.researchandmarkets.com/r/j6q7vl

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