The Asia-Pacific wine market is estimated to grow at a CAGR of 4.1% during the forecast period. The wine industry valued at $42.6 billion in 2018 and is estimated to reach $55.7 billion in 2025. The factors contributing to the growth of the market include increasing demand for alcoholic beverages in emerging economies such as China and India due to their huge population base, growing consumption of alcohol by the young generation, and rising disposable income. The changing social norms and the growing acceptability of alcohol have led to high and regular alcohol consumption among people in the region.
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The growing alcohol consumption in major economies such as China and India is one of the major factors that contribute to the Asia-Pacific wine market growth. For instance, according to the WHO, the recorded alcohol per capita (15+) consumption was 2.7 liters in 2010 that increased to 3.0 liters in 2016. Additionally, unrecorded alcohol per capita (15+) consumption was 1.5 liters in 2010 that further increased to 2.6 liters in 2016 and is projected to increase in the near future that increases the demand for alcoholic beverages in the region.
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The American and European markets are saturated; hence, alcohol manufacturer companies are looking towards Asia-Pacific and other emerging economies to expand their sales as well as to set up production facilities Carlsberg AS, a Denmark based company is one of the major alcohol beverages manufacturers that have breweries in Malaysia, Indonesia, Thailand, Vietnam, Nepal, Hong Kong, and China that significantly contribute to the Asia-Pacific wine market growth.
Market Segmentation
Asia-Pacific Wine Market by Type
- Still Wine
- Sparkling Wine
- Dessert Wine
- Fortified Wine
Asia-Pacific Wine Market by Distribution Channel
- Online
- Offline
Regional Analysis
- China
- Japan
- India
- Rest of the Asia-Pacific
Company Profiles
- Asahi Group Holdings, Ltd.
- Bundaberg Brewed Drinks Pvt. Ltd.
- Carlsberg Breweries A/S
- China Resources Snow Breweries
- Constellation Brands Inc.
- Heineken Holding N.V.
- Molson Coors Brewing Co.
- SABMiller PLC
- Sula Vineyards Pvt. Ltd.
- Suntory Holdings, Ltd.
- Thai Beverage PLC
- Treasury Wine Estates
- United Breweries, Ltd.
- Wuliangye Yibin Co. Ltd.
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