Global Moscato Wine Market produced USD 1,813.5 Million in revenue in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031, reaching USD 4,173.6 Million.
Top Key Players Analysis:
Sula Vineyards, Stella Rosa, Barefoot Cellars, Castello del Poggio, Bartenura, Riunite, Jacob's Creek, Roscato, Paolo Saracco, Yellow Tail
By 2023, Europe will be the largest region in the moscato wine industry, with a valuation of USD 679.4 million. The region's robust demand for flavored wines and high per capita wine consumption are the primary causes of this supremacy.
Regional Insights:-
Europe: Europe leads the global Moscato wine market, with a valuation of USD 679.4 million in 2023. This dominance is attributed to high per capita wine consumption and a strong demand for flavored wines. Europe is not only the largest consumer but also the biggest exporter of wine, accounting for 50% of global production.
Asia-Pacific: The Asia-Pacific region is anticipated to experience the highest growth rate, with a projected CAGR of 12.85% over the forecast period. Factors such as increasing Moscato wine production, expanding off-trade channels, a booming food service industry, and rising consumer spending are driving market expansion in this region.
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Global Moscato Wine Market is segmented as:
By Moscato Wine Types
- Moscato Bianco
- Moscato Rosa
- Moscato Giallo
- Others
By Nature
- Organic
- Conventional
By Distribution Channel
- Hypermarkets/Supermarkets
- Specialty Stores
- Liquor Stores
- Online Retailers
- Others
Competitive Landscapes:
The study on the global moscato wine market will offer insightful information, with a focus on the industry's fragmentation. Leading companies are concentrating on many crucial business approaches, including collaborations, mergers and acquisitions, new product developments, and joint ventures, in order to broaden their range of products and boost their market shares in various areas. A wide range of strategic initiatives are included in expansion and investments, including financing R&D, establishing new production facilities, and supply chain optimization. There could be room for market expansion with these approaches.
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