Craft Wine Market: Global Industry Analysis and Forecast (2024-2030)

  • The Craft Wine Market size was valued at USD 40.41 Bn. in 2023 and the total Craft Wine Market revenue is expected to grow at a CAGR of 4.5% from 2024 to 2030, reaching nearly USD 54.44 Bn. by 2030.

  • Format : PDF | Report ID : SMR_1862

Craft Wine Market Overview

The global craft wine market is growing because of the increasing trend of premium drinks and the availability of various flavours. Consumer spending on healthy and functional beverages boosts the immune system, and innovations in craft wine packaging create opportunities. Single-serve wine bottles, which are user-friendly and cost-effective, are replacing the standard 750 ml bottle. Craft wine offers health benefits because of its organic substance and bitter taste, attracting consumers. The demand for flavourful and high-quality drinks is also increasing, as the organic substance in craft wine has a bitter taste. Overall, the craft wine industry market is expected to grow during the forecast period from 2024 to 2030.

 

Craft wine, according to the American Heart Association, is beneficial for hair and skin, maintaining a healthy body weight, and aiding blood formation. Red grape skin contains tannins that reduce bad cholesterol and increase good cholesterol levels, promoting healthy blood vessels. Also, craft wine contains resveratrol, an antioxidant and anti-inflammatory substance, which protects against diseases like cancer, diabetes, and Alzheimer's.

Craft Wine Market

 

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Craft Wine Market Dynamics:

The craft wine market has experienced significant growth in recent years because of the growing demand for unique and high-quality wines. Craft wine is small-batch, artisanal wines produced by independent wineries using traditional methods, focusing on quality rather than mass production. These wines are sourced from small vineyards and showcase unique flavors and characteristics. Craft winemakers emphasize the artistry and craftsmanship involved in the wine-making process, producing limited quantities of premium wines.

 

They aim to provide an authentic and personalized experience for wine lovers who appreciate the attention to detail and the story behind each bottle. Craft wine aligns with the growing consumer preference for artisanal products, offering unique and handcrafted wines that stand out from mass-produced options. Also, craft wineries are committed to sustainable and organic farming practices, catering to the growing demand for eco-friendly products.

 

The market growth of wine-based cocktails is expected to increase because of the increasing demand among millennials, who prefer minimalist, flavourful cocktails with a few ingredients. Popular options include sangria, mango passion, French pear martini, and bishop cocktail. This preference for high-quality craft beverages is driven by the desire for excellent taste and flavor Encouraging manufacturers to introduce creative cocktails in the market growth.

Craft Wine Market1

The Craft Wine Market faces difficulties in its operations and customer experience because of its tiny footprint, irregular availability resulting from small-scale production, and more expensive prices in comparison to larger merchants. Despite these limitations, the industry thrives by utilizing its carefully chosen inventory, experienced staff, and focus on quality to provide wine lovers with an exceptional and unforgettable experience. The Craft Wine Market has ongoing challenges from competition from larger retailers and online platforms. To stand out, the company must provide distinctive offers and provide individualized customer care.

 

The growth of e-commerce platforms has enabled craft wineries to sell their products directly to consumers, bypassing traditional distribution channels. This allows them to reach a wider audience and establish direct relationships with customers. Wine tourism is also leveraged by craft wineries to attract visitors and showcase their unique wines. Offering tasting experiences, vineyard tours, and wine-related events fosters brand loyalty and increases sales. Collaborations with local food establishments enhance visibility and reach, while export opportunities are explored to tap into global markets with a growing interest in premium and specialty products. Overall, leveraging e-commerce and wine tourism helps craft wineries reach a wider audience and increase sales.

 

The demand for new flavors in craft wine has led to manufacturers offering various types like red, rose, and white wine. These unique flavors are in high demand because of their taste and color. Major industry players are introducing new unique craft wines, creating opportunities for the craft wine market. Embracing novel blending processes encourages consumers to buy artisan wines.

 

Craft Wine Market Segment Analysis:

Based on Flavor, The red wine market which accounting for 60% of market size, is expected to grow because of rising health consciousness among consumers. The trend towards healthy eating is driven by the need for food and beverage products that align with ethical, sustainable, and health-conscious standards. Red wine, rich in plant compounds, offers health benefits like reduced inflammation, reduced cancer risk, and an extended lifespan. Its alcohol content and antioxidants also help prevent coronary artery disease. The International Food Information Council's survey shows that 54% of consumers and 63% of those aged 50 and above express concerns about the healthfulness of their food and beverages.

Craft Wine Market2

The on-trade segment, accounting for 60% of market revenue and provides consumers with social settings, live music, and culinary experiences in restaurants and lounges. Some wineries even allow customers to participate in the wine-making process and making it an engaging point of interest and contributing to the growth of on-trade sales in the craft alcoholic beverage market.

 

Craft Wine Market Regional Insight:

The North America region holds the largest market share in the Craft Wine Market, largely because of its leading manufacturing companies and the availability of high-quality craft wine beverages. This dominance is further reinforced by the increasing demand for craft wine because of its versatility and long-lasting characteristics. The craft wine market is experiencing growth thanks to increased consumption in major US and Canadian countries. For instance,

 

  • Andrew Peller Limited, a leading producer of quality wines and craft beverage alcohol products and reported a 2.6% increase in sales because of product launches and rising prices.

 

Consumer disposable income and spending on craft wine also contribute to market growth. North America maintains the largest market share, largely thanks to its leading manufacturing companies and the availability of high-quality craft wine beverages. The increasing demand for craft wine, driven by its versatility and long-lasting characteristics, further solidifies its dominance in the craft wine market.

Craft Wine Market3

Craft Wine Market Competitive Landscape:

Leading market players are investing in research and development to increase their product lines, boosting the Craft Wine market. They are also undertaking strategic activities like new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaborations. To survive in a competitive market, the Craft Wine industry must offer cost-effective items.

 

  • In 2024, The Wine Group Expands its National Distribution Alignment with Southern Glazer’s Wine & Spirits the world’s preeminent distributor of beverage alcohol they announced have further expanded their national distribution agreement to include the open markets of Hawaii, Iowa, and Minnesota, Nebraska, North Dakota, and South Dakota.

 

  • In 2023, Trinchero Family Estates (TFE) is making a significant investment in a series of sustainability projects, spanning four properties and exemplifying its proactive approach to reducing its carbon footprint. These projects scheduled for completion include solar installations at four California wineries Westside Winery in Lodi, Main Street Winery in St. Helena, Trinchero Central Coast Winery in Paso Robles, and Green Island Road Winery in American Canyon. Together, annual solar production across the four sites reaches 11.5 million kWh.

 

  • Constellation Brands is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It’s worth our dedication, hard work, and calculated risks to expect market trends and deliver more for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver.

Craft Wine Market Scope

Market Size in 2023

USD 40.41 Bn.

Market Size in 2030

USD 54.44 Bn.

CAGR (2024-2030)

4.5 %

Historic Data

2018-2022

Base Year

2023

Forecast Period

2024-2030

   Segments

By Type

Sparkling Wine

Still Wine

Others

By Flavor

Red Wine

Rose Wine

White Wine

By Distribution Channel

On-trade

Off-Trade

Regional Scope

North America- United States, Canada, and Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America

 

Key Player in the Craft Wine Market

  1. Bronco Wine Co - USA
  2. Delicato.com - USA
  3. Vintage Wine Estates - USA
  4. Andrew Peller Limited - Canada
  5. Chateau Niagara Winery - USA
  6. House of Saka - USA
  7. LGI Wines - USA
  8. Clover Hill Wines - Australia
  9. The Wine Group - USA
  10. Trinchero Family Estates - USA
  11. Constellation Brands, Inc. - USA
  12. Treasury Wine Estates - Australia
  13. Craft Beverages B.V. - Netherlands
  14. WoodWinters - UK
  15. When in Rome Wine - UK
  16. Artisans & Vines - USA
  17. Handpicked Wines - Australia
  18. Barelle Vineyards - USA
  19. Heritage Estate Winery and Cidery - Canada
  20. Hiyori corp.com - Japan
  21. Wine of Japan – Japan
  22. XX.inc


Frequently Asked Questions

The forecast period of the market is 2024 to 2030.

1.    Craft Wine Market: Research Methodology 
2.    Craft Wine Market: Executive Summary
3.    Craft Wine Market: Competitive Landscape
4.    Potential Areas for Investment

4.1. Stellar Competition Matrix
4.2. Competitive Landscape
4.3. Key Players Benchmarking
4.4. Market Structure
4.4.1.    Market Leaders 
4.4.2.    Market Followers
4.4.3.    Emerging Players

4.5. Consolidation of the Market
4.6. Import and export of Craft Wine Market 
5.    Craft Wine Market : Dynamics
5.1. Market Driver 
5.1.1.    Increasing Consumer Awareness
5.1.2.    Innovation in Product Offerings

5.2. Market Trends by Region
5.2.1.    North America
5.2.2.    Europe
5.2.3.    Asia Pacific
5.2.4.    Middle East and Africa
5.2.5.    South America

5.3. Market Drivers by Region
5.3.1.    North America
5.3.2.    Europe
5.3.3.    Asia Pacific
5.3.4.    Middle East and Africa
5.3.5.    South America

5.4. Market Restraints
5.5. Market Opportunities
5.6. Market Challenges
5.7. PORTER’s Five Forces Analysis
5.8. PESTLE Analysis
5.9. Strategies for New Entrants to Penetrate the Market
5.10. Regulatory Landscape by Region
5.10.1.    North America
5.10.2.    Europe
5.10.3.    Asia Pacific
5.10.4.    Middle East and Africa
5.10.5.    South America

6.    Craft Wine Market Size and Forecast by Segments (by value Units)
6.1. Craft Wine Market Size and Forecast, by Type  (2023-2030)
6.1.1.    Sparkling Wine
6.1.2.    Still Wine
6.1.3.    Others

6.2. Craft Wine Market Size and Forecast, by Flavor (2023-2030)
6.2.1.    Red Wine
6.2.2.    Rose Wine
6.2.3.    White Wine

6.3. Craft Wine Market Size and Forecast, by Distribution Channel  (2023-2030)
6.3.1.    On-trade
6.3.2.    Off-Trade

6.4. Craft Wine Market Size and Forecast, by Region (2023-2030)
6.4.1.    North America
6.4.2.    Europe
6.4.3.    Asia Pacific
6.4.4.    Middle East and Africa
6.4.5.    South America

7.    North America Craft Wine Market Size and Forecast (by value Units)
7.1. North America Craft Wine Market Size and Forecast, by Type  (2023-2030)
7.1.1.    Sparkling Wine
7.1.2.    Still Wine
7.1.3.    Others

7.2. North America Craft Wine Market Size and Forecast, by Flavor (2023-2030)
7.2.1.    Red Wine
7.2.2.    Rose Wine
7.2.3.    White Wine

7.3. North America Craft Wine Market Size and Forecast, by Distribution Channel      (2023-2030)
7.3.1.    On-trade
7.3.2.    Off-Trade

7.4. North America Craft Wine Market Size and Forecast, by Country (2023-2030)
7.4.1.    United States
7.4.2.    Canada
7.4.3.    Mexico

8.    Europe Craft Wine Market Size and Forecast (by Value Units)
8.1. Europe Craft Wine Market Size and Forecast, by Type  (2023-2030)
8.1.1.    Sparkling Wine
8.1.2.    Still Wine
8.1.3.    Others

8.2. Europe Craft Wine Market Size and Forecast, by Flavor (2023-2030)
8.2.1.    Red Wine
8.2.2.    Rose Wine
8.2.3.    White Wine

8.3. Europe Craft Wine Market Size and Forecast, by Distribution Channel  (2023-2030)
8.3.1.    On-trade
8.3.2.    Off-Trade

8.4. Europe Craft Wine Market Size and Forecast, by Country (2023-2030)
8.4.1.    UK
8.4.2.    France
8.4.3.    Germany
8.4.4.    Italy
8.4.5.    Spain
8.4.6.    Sweden
8.4.7.    Austria
8.4.8.    Rest of Europe

9.    Asia Pacific Craft Wine Market Size and Forecast (by Value Units)
9.1. Asia Pacific Craft Wine Market Size and Forecast, by Type  (2023-2030)
9.1.1.    Sparkling Wine
9.1.2.    Still Wine
9.1.3.    Others

9.2. Asia Pacific Craft Wine Market Size and Forecast, by Flavor  (2023-2030)
9.2.1.    Red Wine
9.2.2.    Rose Wine
9.2.3.    White Wine

9.3. Asia Pacific Craft Wine Market Size and Forecast, by Distribution Channel  (2023-2030)
9.3.1.    On-trade
9.3.2.    Off-Trade

9.4. Asia Pacific Craft Wine Market Size and Forecast, by Country (2023-2030)
9.4.1.    China
9.4.2.    S Korea
9.4.3.    Japan
9.4.4.    India
9.4.5.    Australia
9.4.6.    Asean
9.4.7.    Rest of Asia Pacific

10.    Middle East and Africa Craft Wine Market Size and Forecast (by Value Units)
10.1. Middle East and Africa Craft Wine Market Size and Forecast, by Type  (2023-2030)
10.1.1.    Sparkling Wine
10.1.2.    Still Wine
10.1.3.    Others

10.2. Middle East and Africa Craft Wine Market Size and Forecast, by Flavor  (2023-2030)
10.2.1.    Red Wine
10.2.2.    Rose Wine
10.2.3.    White Wine

10.3. Middle East and Africa Craft Wine Market Size and Forecast, by Distribution Channel      (2023-2030)
10.3.1.    On-trade
10.3.2.    Off-Trade

10.4. Middle East and Africa Craft Wine Market Size and Forecast, by Country (2023-2030)
10.4.1.    South Africa
10.4.2.    GCC
10.4.3.    Rest of ME&A

11.    South America Craft Wine Market Size and Forecast (by Value Units)
11.1. South America Craft Wine Market Size and Forecast, by Type (2023-2030)
11.1.1.    Sparkling Wine
11.1.2.    Still Wine
11.1.3.    Others

11.2. South America Craft Wine Market Size and Forecast, by Flavor  (2023-2030)
11.2.1.    Red Wine
11.2.2.    Rose Wine
11.2.3.    White Wine

11.3. South America Craft Wine Market Size and Forecast, by Distribution Channel      (2023-2030)
11.3.1.    On-trade
11.3.2.    Off-Trade

11.4. South America Craft Wine Market Size and Forecast, by Country (2023-2030)
11.4.1.    Brazil
11.4.2.    Argentina
11.4.3.    Rest of South America

12.    Company Profile: Key players
12.1. Bronco Wine Co
12.1.1.    Company Overview
12.1.2.    Financial Overview
12.1.3.    Business Portfolio
12.1.4.    SWOT Analysis
12.1.5.    Business Strategy 
12.1.6.    Recent Developments

12.2. Delicato.com
12.3. Vintage Wine Estates
12.4. Andrew Peller Limited
12.5. Chateau Niagara Winery 
12.6. House of Saka 
12.7. LGI Wines 
12.8. Clover Hill Wines
12.9. The Wine Group
12.10. Trinchero Family Estates
12.11. Constellation Brands, Inc.
12.12. Treasury Wine Estates
12.13. Craft Beverages B.V.
12.14. WoodWinters
12.15. When in Rome Wine
12.16. Artisans & Vines 
12.17. Handpicked Wines
12.18. Barelle Vineyards
12.19. Heritage Estate Winery and Cidery
12.20. Hiyori corp.com
12.21. Wine of Japan
12.22. XX.inc
13.    Key Findings
14.    Industry Recommendation

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