Premium Wine Market – Trends Forecast Till 2030

The global Premium Wine market size was estimated at USD 328.46 billion in 2023 and is projected to reach USD 503 billion in 2030 at a CAGR of 6.3% during the forecast period 2023-2030.

Wine, an alcoholic beverage, is naturally produced through the process of fermentation. The initial step of this process is carried out by bacteria that are present on the skin of grapes. A specific strain of yeast is subsequently added to the primary fermented product to achieve the desired outcome. During this process, the sugar in grapes is transformed into carbon dioxide and ethanol by either yeast or bacteria, resulting in a distinct taste for wines with high sugar content such as dessert wine. Wine production involves six fundamental processes: crushing, alcoholic fermentation, malolactic fermentation, pulling the wine off the lees, stabilization and aging, and refining in the bottle.