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. 

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. 

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.

Research Methodology

The market study of the Asia-Pacific wine market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for wine manufacturing companies, wine distributors and suppliers, and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Asia-Pacific Wine Market Research and Analysis by Type
2. Asia-Pacific Wine Market Research and Analysis by Distribution Channel

The Report Covers

• Comprehensive research methodology of the Asia-Pacific wine market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific wine market.
• Insights about market determinants which are stimulating the Asia-Pacific wine market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.