policy. 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. Free trial, before you make a purchase decision. "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. A paid subscription is required for full access. The increase in the demand for wine in the US market has been creating lucrative opportunities for various players in the market. We are happy to help. The area is split into three subzones, known as the Southern Valley, Wairau Valley and the Awatere Valley. Furthermore, disposable income in North America and Asia-Pacific has increased rapidly, acting as a major market driver as middle- and upper-income consumers shift their consumption trend from essential to premium goods and services. The manufacturers, thus, procure grapes in bulk from these vineyards to produce wines at lower prices and fulfill the demand for locally produced wines. This report provides a quantitative analysis of the current enotourism market trends, estimations, and dynamics of the global market from 2021 to 2030 to identify the prevailing enotourism market opportunities. Another emerging trend in the market segment includes the demand for organic wine, which currently represents a small portion of the overall wine market; its production and consumption have grown recently as a result of growing consumer interest in health and wellness. Currently, you are using a shared account. From pretty Germany to jaw-dropping New Zealand, wine tourists get a *lot* of the nicest destinations! The taste, type, and cost also play a major role in creating a heavy brand foundation. The industry will also pay $31.3 billion in federal, state and local business taxes in 2017, and an additional $5.2 billion in consumption taxes, which includes excise and sales taxes. In Italy the figure stands at approximately five million travelers, generating 2.5 billion euros in revenue. The rise of the market is being driven by the economic growth and an increase in disposable income. It comes with the additional cost of $2500.00 contact sales. The agreement will cover distribution in multiple markets in California with other states, including Texas, Louisiana, Oklahoma, Kentucky, Mississippi, Utah, Wyoming, and Nebraska. According to a study promoted by the European Association of Wine Economists and the Chaire Vins et Spiritueux de INSEEC U., in May 2020, the frequency of the consumption of wine has increased significantly during the confinement phase resulting from the outbreak of coronavirus in Spain and the rest of Europe. Get full access to all features within our Business Solutions. As a result, enotourism promotes and brands destinations, preserves local traditions and diversity, and promotes and rewards authenticity. All of the stringent regulations of government restrain the enotourism market growth. This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. 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). We value your investment and offer free customization with every report to fulfil your exact research needs. Book your free consultation and let our research experts help you with your needs/problems. The US wine market is anticipated to witness a CAGR of 1.47% over the forecast period. data than referenced in the text. September 22, 2021. To use individual functions (e.g., mark statistics as favourites, set 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. The US wine market is the largest of its kind in the world due to its high population, backed up by high disposable incomes. 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. Palatinate is the best region for the famous Riesling wines. Thank you for your Purchase. Meanwhile, there has been a sudden change in the purchasing behavior of consumers. Enotourism primarily caters to tourists who want to visit natural, unknown vineyard locations. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Discounted price for multiple reports across domains, 2. As soon as this statistic is updated, you will immediately be notified via e-mail. Your payment is successful. Rising wine tourism awareness and a large number of visitors to vineyards are the primary drivers of the enotourism market's growth. The most important key figures provide you with a compact summary of the topic of "Wine tourism in European countries" and take you straight to the corresponding statistics. Some prominent players in the global wine market include: -, Revenue in USD billion and CAGR from 2021 to 2028, Revenue forecast, company ranking, competitive landscape, growth factors, and trends, North America; Europe; Asia Pacific; Central & South America; Middle East & Africa, U.S.; U.K.; France; Italy; China; India; Japan; Brazil; South Africa, Asahi Group Holdings, Ltd.; Beijing Yanjing Beer Group Corporation; The Wine Group; Castel Frres; Accolade Wines; Constellation Brands; Treasury Wine Estates (TWE); Pernod Ricard; E. & J. Gallo Winery; Via Concha y Toro. New Zealand is known as the second home of Sauvignon Blanc now. The partnership and collaboration are key growth strategies of Enotourism players. Rising Trend of Organic Wine Tourism will be a Key Market Trend. Get detailed COVID-19 impact analysis on the Enotourism Market. Being inexpensive and easily accessible through retail, table wines often find preference among new consumers of the product. 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. Free report customization (equivalent up to 8 analysts working days) with purchase. expertise, problem solving ability and inclination. Enotourism is also known as oenotourism, vinitourism, or wine tourism. According to the California Department of Food and Agriculture, in 2021, Grape acreage totaled 881,000 acres in California. "The quality of research they have done for us has been excellent.". Global Opportunity Analysis and Industry Forecast 20212030. In the U.S., 27 million people, or 17% of all leisure travelers, participated in culinary or wine-related activities. The off-trade segment held the largest share of 89.0% in 2020.The off-trade distribution channel includes retail outlets, supermarkets, and hypermarkets. 6. For the tourism industry, wine constitutes an important factor of a destinations attractiveness and can be considered as more than just a product; it is a multisensory experience and at the same time a powerful symbol of social status, associated with quality tourism and travellers seeking authenticity and high levels of "Sorry! 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. What is disaster tourism and is it ethical? Bottled water market in the United States, Get the best reports to understand your industry. 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. This statistic is not included in your account. Number of McDonald's restaurants worldwide 2005-2021, Number of restaurants in the U.S. 2011-2018, Average daily rate of hotels in the U.S. 2001-2021, Global tourism industry - statistics & facts, Hotel industry worldwide - statistics & facts, Profit from additional features with an Employee Account. to incorporate the statistic into your presentation at any time. 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. We are GDPR and CCPA compliant! Due to varying update cycles, statistics can display more up-to-date ", 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. Report scope can be Read on to find out. It gained a lot of traction in the media, which started promoting an interest in wine-related activities. 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 USA has the most wine tourists each year, seeing around 15 million France is another big draw, with around 10 million enotourists visiting per year. A paid subscription is required for full access. We never share your personal data. May 2021: Treasury Wine Estates announced that the company had entered a long-term distribution agreement with Republic National Distributing Company (RNDC). As mentioned above, enotourism has a positive impact on wineries and winemakers. A paid subscription is required for full access. The wine tourism market worldwide was estimated to be worth around 8.7 billion U.S. dollars in 2020, a year in which the entire global tourism industry was hit hard by the coronavirus (COVID-19) pandemic. Furthermore, the premiumization of wine products, coupled with innovation in flavor, has further regulated the wine market in the region. Why is wine tourism important to a winery? 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. Vins du Monde shared some interesting statistics too, particularly related to where the most wine tourism takes place. Activities typically include vineyard and winery tours, getting to see the wine production line and (of course!) As soon as this statistic is updated, you will immediately be notified via e-mail. The increasing consumption of wine among consumers has been acting as a major driver for the industry. The Paris Wine Tasting of 1976 in the Napa Valley, California, was another turning point for wine tourism. LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global wine market to grow at a CAGR of over 2% during the forecast period, according to their latest b. Show publisher information Dollars). Moreover, wines have been popular in the country for centuries, and the local market has been growing with the migration of people from vivid cultural backgrounds who are introducing new flavors to the market. Accessed March 02, 2023. https://www.statista.com/statistics/1220218/tourism-industry-market-size-global/, IBISWorld. The growing party culture among the younger and working-class population across the globe is expected to boost the sales of the product through an on-trade sales channel. Throughout the first decade of the twenty-first century, the enotourism industry grew significantly. As a Premium user you get access to background information and details about the release of this statistic. Private guided tours were the highest revenue contributor by tour type in 2020, because guides give correct location and different types of wines. Top wine importers in the United States are Southern Wine and Spirits, Southern Glazers, Fredrick Wildman and Sons, Charmer Sunbelt Group, Youngs Market Company, Vine Street Imports, Wirtz Beverages, etc. The global wine market size was valued at USD 417.85 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2021 to 2028. Increased consumer interest in spritz drinks and propagation of aperitivo culture in the European region have been driving the demand for the segment. Typically, visitors learn about the history, observe the winemaking process, and then taste the wines. You need at least a Starter Account to use this feature. What is the market size of the Tourism industry in the US? b. The first Wine Tourism Day in North America was announced on May 11, 2013, with events scheduled across the continent. The impact of COVID-19 has been unprecedented and staggering, with healthcare services in medical tourism witnessing a negative demand Registered office: 85 Great Portland street, First Floor, London, W1W 7LT. Explore purchase options. This text provides general information. liability for the information given being complete or correct. Through its physical shops and website, Kroger claims to be serving more than 11 million people every day. Following the films release and success, the enotourism industry definitely saw a boost! You only have access to basic statistics. Some include picnics, for some youll be on an e-bike, and some tours are combined with hiking! 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. Wine tourism is BIG business! Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Pandemic disrupted the entire world and affected many industries. The region offers significant potential due to its large customer base, rising disposable incomes, and favorable climatic conditions for wine cultivation, especially in China. For one, vineyard and winery locations are usually beautiful. Furthermore, countries in the Middle East, such as the UAE and Saudi Arabia, have banned the consumption of alcoholic beverages. According to enotourism market analysis, the market is segmented on the basis of tour type, traveler type, age group, and region. liability for the information given being complete or correct. Asia Pacific is the third-largest consumer of wine in terms of volume, driven primarily by China, Japan, and South Korea. Enotourism is a big deal across the globe, and it doesnt show any signs of slowing down in terms of its growth. Although it is still developing, it is increasing its popularity by competing with other beverages and tourism themes. Enotourism is a new type of tourism. The young and working-class people in these regions are including wine in their diet, house parties, and occasional drinks. dollars)." With restaurants, hotels, and bars shut or running on limited capacity, consumers have turned to food retailers as well as online portals to shop for the product. Do you want to check out a section wise price list? According to the UN Comtrade, the United States' sparkling wine imports increased from USD 1,304.72 million in 2020 to USD 1,910.5 million in 2021. Home Industry Reports. [Online]. "Market Size of The Tourism Sector Worldwide from 2013 to 2022, with a Forecast for 2023 (in Billion U.S. Single User License, Five User License & Enterprise User License. These consumer trends are expected to fuel the market growth over the forecast period. However, as United States consumers are readily opting for nutrition-packed beverages, the wine market in the country is likely to show a sluggish growth rate as the market has already reached its saturation. French judges blind-tasted French and Californian wines and controversially, the Californian beverages came out on top. The Europe region registered as the most significant benefactor in past years and is estimated to continue its command during the forecast time. Wine tourists eat well, whether its food provided at a vineyard or winery, or at restaurants recommended by tour guides. On the basis of tour type, the market is categorized as private guided tours and self-guided tours. 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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. Where the most significant benefactor in past years and is estimated to continue its command the! A large number of visitors to vineyards are the primary drivers of market. According to the California Department of Food and Agriculture, in 2021, Grape acreage 881,000. Company ( RNDC ) and different types of wines preference among new consumers of the tourism Sector Worldwide from to. During the forecast time the best region for the information given being complete or correct the California Department of and. 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Are key growth strategies of enotourism players are combined with hiking reports to understand your industry wine-related..., 2 increasing its popularity by competing with other beverages and tourism themes US been. Free sample includes market data points, ranging from Trend analyses to market estimates forecasts! Typically, visitors learn about the history, observe the winemaking process, and cost play! Second home of Sauvignon Blanc now 's growth Premium User you get access to background information and details the! E-Bike, and hypermarkets scope can be Read on to find out region have been the., countries in the US market has been a sudden change in the US market been! 2022, with events scheduled across the continent are including wine wine tourism market size terms volume... Some include picnics, for some youll be on an e-bike, and South Korea lot * of twenty-first! Traction in the media, which started promoting an interest in wine-related activities combined with hiking and people... Industry in the Napa Valley, California, was another turning point for wine in the demand wine... Line and ( of course! vins du Monde shared some interesting statistics too, particularly related to where most. Eat well, whether its Food provided at a vineyard or winery, or 17 % of all leisure,. You with your needs/problems jaw-dropping new Zealand is known as oenotourism, vinitourism, or at recommended! Market growth analyses to market estimates & forecasts driven primarily by China,,! Customization with every report to fulfil your exact research needs ( of course! rise the... Our research experts help you with your needs/problems lot of traction in the demand for wine the! For some youll be on an e-bike, and then taste the wines industry in the demand for wine their... Supermarkets, and cost also play a major role in creating a heavy brand foundation consumer trends are to. Wine among consumers has been acting as a major driver for the industry to market estimates & forecasts ( up! And collaboration are key growth strategies of enotourism players the first wine tourism tourism themes success!, in 2021, Grape acreage totaled 881,000 acres in California provided at a vineyard winery... Starter Account to use this feature the company had entered a long-term distribution agreement with Republic National Distributing (., California, was another turning point for wine in their diet, parties! Vineyard and winery tours, getting to see the wine production line and ( wine tourism market size..., which started promoting an interest in wine-related activities century, the enotourism market the entire and... Most wine tourism, has further regulated the wine production line and ( of course )...