Honey Wine Market Growth & Trends
The global honey wine market size is expected to reach USD 1.1 billion by 2030, registering a CAGR of 9.4% from 2024 to 2030. Demand for flavored wines is expected to be among the key factors driving the market. Increased consumer purchasing power, especially in developing countries like China, is anticipated to drive the product demand further.
Moreover, demand for sparkling wine and antioxidant beverages is estimated to drive the product demand. In addition, rising number of meaderies in developed countries will support the overall market growth. Positive impact of e-commerce channels and social media will also provide growth opportunities to the market. Europe is anticipated to be the largest regional market due to high product demand in countries, such as France, Italy, and U.K.
Moreover, presence of several leading manufacturers in the region and constant product launches by them are expected to propel the growth. Major companies are investing in R&D and capacity expansion to gain a higher industry share. For instance, in November 2018, Gosnell’s launched a Vintage Mead. They also focus on M&A and online sales for business expansion.
Honey Wine Market Report Highlights
- The spices segment is expected to register the fastest CAGR during the forecast period. Spiced honey wines are rich in tradition and taste
- Off-trade channel of distribution led the global honey wine market in 2023 and accounted for an overall share of more than 70%
- Europe was the dominant regional market in 2023 and is projected to expand further at a steady CAGR over the next few years
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Cake Mixes Market Variables, Trends, & Scope
Chapter 4. Consumer Behavior Analysis
Chapter 5. Honey Wine Market: Product Estimates & Trend Analysis
Chapter 6. Honey Wine Market: Distribution Channel Estimates & Trend Analysis
Chapter 7. Honey Wine Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Landscape
Companies Mentioned
- Medovina Meadery
- Kuhnhenn Brewing Co. LLC
- Redstone
- Brothers Drake Meadery
- Schramm’s Mead
- Winery Kuhnhenn Brewing Co LLC
- The Honey Wine Company
- Martin Brothers Winery
- Moonshine Meadery
- Talon Wines
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 591.2 Million |
| Forecasted Market Value ( USD | $ 1100 Million |
| Compound Annual Growth Rate | 9.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
