Market Overview:
The global dessert wine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for dessert wines across different applications, such as corporate hospitality, government reception, family dinner and other applications. Additionally, the increasing demand for natural sweet wines is also contributing to the growth of this market. Regionally, North America dominates the global dessert wine market followed by Europe and Asia Pacific. Latin America and Middle East & Africa are expected to experience high growth rates during the forecast period owing to rising disposable incomes and changing lifestyles in these regions.
Product Definition:
A dessert wine is a fortified or sweet wine, typically served with dessert. Fortified wines are made by adding a spirit such as brandy, port, or sherry to grape juice or must. Sweet wines are made by fermenting the juice of naturally sweet grapes such as Muscat, Sauternes, and Tokaji.
Sauternes:
Sauternes is a sweet dessert wine produced in the region of Bordeaux, France. It has been gaining popularity among consumers as it ages well and has a better chance to retain its freshness for longer durations than most other types of wines. The grapes used for making sauternes are required to be fully mature ones so that their natural sugar content can ferment into alcohol.
The grapes are picked by hand.
Natural Sweet:
Natural sweet is a raw material which has its source in fruits. It can be produced by fermentation of fruits or it can be obtained from sugar-cane as well. Natural sweeteners are used in various products such as bakery & confectionery, dairy, beverages and others. The major application of natural sweet is to provide flavor and taste to the dessert wine which makes it more attractive for consumers especially young generation with less preference towards artificial additives.
Application Insights:
The corporate hospitality segment accounted for the largest revenue share of over 40% in 2017. This is attributed to the growing number of events, including business meetings and galas, being held across various regions. The dessert wines are largely preferred for such occasions as they not only add to the meal but also complement food flavors and enhance taste buds. Corporate hospitality was followed by family dinner as per capita consumption in North America is expected to increase from around 20 liters per annum currently to around 35-40 liters by 2030 due to rising disposable income coupled with improved economic outlook which may stimulate demand over the forecast period.
Dessert wine has a significant role during other meals such as breakfast, lunch or any other occasion where sweet flavors are required along with food items that do not require much cooking time but still need some flavor boost.
Regional Analysis:
Europe was the largest market for dessert wines, accounting for more than 35% of global revenue in 2017. The region is expected to maintain its dominance over the forecast period owing to high demand from countries such as France, Italy and Spain. High consumer awareness regarding health benefits associated with wine is one of the major factors driving growth in Europe. Consumers are increasingly shifting their preference towards low alcohol content beverages due to rising concerns about consuming too much alcohol at a time when it causes maximum harm.
Growth Factors:
- Increasing demand for premium and artisanal desserts
- Rising disposable income of consumers in developing countries
- Proliferation of independent dessert shops and bakeries
- Growing popularity of food pairing trends
- Innovation in product offerings, such as dessert wine cocktails
Scope Of The Report
Report Attributes
Report Details
Report Title
Dessert Wine Market Research Report
By Type
Sauternes, Natural Sweet, Mistelle
By Application
Corporate Hospitality, Government Reception, Family Dinner, Other Applications
By Companies
John D. Taylor's, Patron, Dekuyper, Wild Turkey, Baileyse, Gran Gala, UNICUM, Hiram Walker, BERENTZEN, Massenez, John D. Taylor's
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Dessert Wine Market Report Segments:
The global Dessert Wine market is segmented on the basis of:
Types
Sauternes, Natural Sweet, Mistelle
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Corporate Hospitality, Government Reception, Family Dinner, Other Applications
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- John D. Taylor's
- Patron
- Dekuyper
- Wild Turkey
- Baileyse
- Gran Gala
- UNICUM
- Hiram Walker
- BERENTZEN
- Massenez
- John D. Taylor's
Highlights of The Dessert Wine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sauternes
- Natural Sweet
- Mistelle
- By Application:
- Corporate Hospitality
- Government Reception
- Family Dinner
- Other Applications
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Dessert Wine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Dessert wine is a type of wine that is meant to be enjoyed after dinner. It typically has a sweet taste and can be made from different types of grapes.
Some of the major companies in the dessert wine market are John D. Taylor's, Patron, Dekuyper, Wild Turkey, Baileyse, Gran Gala, UNICUM, Hiram Walker, BERENTZEN, Massenez, John D. Taylor's.
The dessert wine market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Dessert Wine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Dessert Wine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Dessert Wine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Dessert Wine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Dessert Wine Market Size & Forecast, 2018-2028
4.5.1 Dessert Wine Market Size and Y-o-Y Growth
4.5.2 Dessert Wine Market Absolute $ Opportunity
Chapter 5 Global Dessert Wine Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Dessert Wine Market Size Forecast by Type
5.2.1 Sauternes
5.2.2 Natural Sweet
5.2.3 Mistelle
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Dessert Wine Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Dessert Wine Market Size Forecast by Applications
6.2.1 Corporate Hospitality
6.2.2 Government Reception
6.2.3 Family Dinner
6.2.4 Other Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Dessert Wine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Dessert Wine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Dessert Wine Analysis and Forecast
9.1 Introduction
9.2 North America Dessert Wine Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Dessert Wine Market Size Forecast by Type
9.6.1 Sauternes
9.6.2 Natural Sweet
9.6.3 Mistelle
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Dessert Wine Market Size Forecast by Applications
9.10.1 Corporate Hospitality
9.10.2 Government Reception
9.10.3 Family Dinner
9.10.4 Other Applications
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Dessert Wine Analysis and Forecast
10.1 Introduction
10.2 Europe Dessert Wine Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Dessert Wine Market Size Forecast by Type
10.6.1 Sauternes
10.6.2 Natural Sweet
10.6.3 Mistelle
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Dessert Wine Market Size Forecast by Applications
10.10.1 Corporate Hospitality
10.10.2 Government Reception
10.10.3 Family Dinner
10.10.4 Other Applications
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Dessert Wine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Dessert Wine Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Dessert Wine Market Size Forecast by Type
11.6.1 Sauternes
11.6.2 Natural Sweet
11.6.3 Mistelle
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Dessert Wine Market Size Forecast by Applications
11.10.1 Corporate Hospitality
11.10.2 Government Reception
11.10.3 Family Dinner
11.10.4 Other Applications
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Dessert Wine Analysis and Forecast
12.1 Introduction
12.2 Latin America Dessert Wine Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Dessert Wine Market Size Forecast by Type
12.6.1 Sauternes
12.6.2 Natural Sweet
12.6.3 Mistelle
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Dessert Wine Market Size Forecast by Applications
12.10.1 Corporate Hospitality
12.10.2 Government Reception
12.10.3 Family Dinner
12.10.4 Other Applications
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Dessert Wine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Dessert Wine Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Dessert Wine Market Size Forecast by Type
13.6.1 Sauternes
13.6.2 Natural Sweet
13.6.3 Mistelle
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Dessert Wine Market Size Forecast by Applications
13.10.1 Corporate Hospitality
13.10.2 Government Reception
13.10.3 Family Dinner
13.10.4 Other Applications
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Dessert Wine Market: Competitive Dashboard
14.2 Global Dessert Wine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 John D. Taylor's
14.3.2 Patron
14.3.3 Dekuyper
14.3.4 Wild Turkey
14.3.5 Baileyse
14.3.6 Gran Gala
14.3.7 UNICUM
14.3.8 Hiram Walker
14.3.9 BERENTZEN
14.3.10 Massenez
14.3.11 John D. Taylor's
