{"id":36237,"date":"2025-03-26T10:11:59","date_gmt":"2025-03-26T09:11:59","guid":{"rendered":"https:\/\/www.vinexposium.com\/alessandra-montagne-the-virtuoso-chef-offering-sunny-brazilian-cuisine-in-paris\/"},"modified":"2026-01-08T11:06:20","modified_gmt":"2026-01-08T10:06:20","slug":"pinning-down-future-growth-opportunities-in-a-contracting-global-wine-market","status":"publish","type":"post","link":"https:\/\/www.vinexposium.com\/en\/actus\/market-pulse\/pinning-down-future-growth-opportunities-in-a-contracting-global-wine-market\/","title":{"rendered":"Pinning down future growth opportunities in a contracting global wine market"},"content":{"rendered":"<p>Structural and transient factors have combined to create the perfect storm for driving down wine consumption \u2014 and, at least in the short-term, there are scant signs of a turnaround, according to the latest <strong>International Wine and Spirits Record (IWSR) research<\/strong>. \u201cOur data shows continued volume declines for wine in 2024, largely driven by declines in Europe and the Americas,\u201d confirms Dan Mettyear, research director with IWSR. \u201cDeclines are expected to continue in 2025.\u201d<\/p>\n<div>\n<p>It\u2019s not all doom and gloom, though. There are pockets of hope, both geographically and for product segments. Weathering the storm better than other industry players<br \/>\nare those producing and selling Prosecco, whose cost-effectiveness compared with Champagne is a definite bonus given the current dip in discretionary spending. There\u2019s also ros\u00e9, particularly the premium iterations, lower-alcohol styles or wines \u201cthat are differentiated but not overly complicated and with a clear value proposition,\u201d Mettyear notes.<\/p>\n<h2><span style=\"font-size: 0.8em; color: #84273b;\"><strong>Potential sources of growth<\/strong><\/span><\/h2>\n<p>From a regional perspective, IWSR has identified two hotbeds of growth for wine consumption that may come as a surprise: Africa and the Middle East. Admittedly, the two regions only represent a small share of global consumption (less than 4% according to IWSR) but forecasts for <strong>+3% CAGR through 2028<\/strong> are encouraging. \u201cThis is driven by population growth, disproportionately young populations, high urbanisation rates and the discovery of the wine category as a whole,\u201d Mettyear explains.<\/p>\n<p>Nigeria alone <strong>has a population of 250 million, set to double by 2050<\/strong>, and the thirst for wine there is tangible. \u201cRight now, there are no events in Nigeria where you would not see bottles of wine, whereas in the past it was beer or brandy,\u201d says wine consultant Chinedu Rita Rosa, whose company Vines by Rosa provides two-way support for exporters and African importers. \u201cThere is nowhere in Africa where there is no growth. Even in predominantly Muslim countries, they drink a lot. It might be under the radar, but they do.\u201d Tourism and sizeable expat communities are also stoking the trend.<\/p>\n<p><img decoding=\"async\" class=\"wp-image-39811 size-full\" src=\"https:\/\/www.vinexposium.com\/wp-content\/uploads\/2025\/03\/Glasses-with-Prosecco-in-the-Bar.webp\" alt=\"A barman who pours wine on five glasses.\" width=\"100%\" height=\"auto\" srcset=\"https:\/\/www.vinexposium.com\/wp-content\/uploads\/2025\/03\/Glasses-with-Prosecco-in-the-Bar.webp 900w, https:\/\/www.vinexposium.com\/wp-content\/uploads\/2025\/03\/Glasses-with-Prosecco-in-the-Bar-300x183.webp 300w, https:\/\/www.vinexposium.com\/wp-content\/uploads\/2025\/03\/Glasses-with-Prosecco-in-the-Bar-768x469.webp 768w, https:\/\/www.vinexposium.com\/wp-content\/uploads\/2025\/03\/Glasses-with-Prosecco-in-the-Bar-200x122.webp 200w, https:\/\/www.vinexposium.com\/wp-content\/uploads\/2025\/03\/Glasses-with-Prosecco-in-the-Bar-292x178.webp 292w, https:\/\/www.vinexposium.com\/wp-content\/uploads\/2025\/03\/Glasses-with-Prosecco-in-the-Bar-450x275.webp 450w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/p>\n<h2><span style=\"font-size: 0.8em; color: #84273b;\"><strong>Whites and ros\u00e9s still bullish<\/strong><\/span><\/h2>\n<p>One of the most damaging aspects of the downturn in wine consumption is that it has inordinately affected certain producers, particularly those with a focus on red wines, hence the recent spate of vine pulls. And IWSR is not the bearer of good news for the world of rouge: \u201cWhite and ros\u00e9 wines have been consistently eating away at the share of red wine for a number of years, and this is expected to continue towards 2028, by which time whites and ros\u00e9s are expected to reach parity with red\u2019s share of the market,\u201d says Mettyear.<\/p>\n<p>Again, Africa and the Middle East are set to buck the trend, with reds likely to outpace white and ros\u00e9 development within the same timeframe. Higher ABVs in red wine due to climate change, demand for fresher, lighter and easier-drinking wines, evolving meal structures and the general development of more casual drinking occasions all favor whites and ros\u00e9s over reds. Mettyear\u2019s word of advice is, \u201cIf reds are to stay relevant, particularly among younger legal drinking consumers, a shift in style towards lower alcohol, refreshing, chilled, versatile drinks could help respond to current and future preferences.\u201d<\/p>\n<p><strong>New product development (NPD)<\/strong> is an avenue the industry has been exploring for some time, and it\u2019s proving to be pivotal to ensuring growth. \u201cRecent analysis of IWSR data over the past 10 years showed that innovation as a whole \u2013 which includes new to world products, or line extensions, or launches in new geographies \u2013 accounted for almost all of the sales growth by value in beverage alcohol over that period,\u201d explains Richard Halstead, COO Consulting and Consumer Research with IWSR.<\/p>\n<p>Yet the same datasets also show that innovation is never easy. \u201cPlenty of innovations fail, or at least don\u2019t last long. So our conclusion from the data is that innovation is essential, but difficult to do well,\u201d Halstead notes.<\/p>\n<h2><span style=\"font-size: 0.8em; color: #84273b;\"><strong>Three major trends wines can cater to<\/strong><\/span><\/h2>\n<p>Listening to the market and taking cues from other successful categories are also essential to future-proofing wine competing in an ocean of drinks options. Halstead urges the industry to find ways to put a positive spin on the major forces currently driving the alcohol beverage market. \u201cSome of the strongest emerging trends are around moderation, occasion and (ready-to-drink) RTDs. Wine is fortunate enough to be in a position to exploit all three of these.\u201d<\/p>\n<p>Halstead\u2019s final words of advice (or warning?) are worth remembering: \u201cWithin this challenging environment, the winners will be the ones who approach the future with better information than anyone else, better understanding of what drives consumer behavior, a laser-like focus on what makes their organisation and brand(s) stand apart from competitors, and better relationships with the supply chain.\u201d<\/p>\n<h3><span style=\"font-size: 0.8em; color: #84273b;\"><em><strong>Sharon Nagel<\/strong><\/em><\/span><\/h3>\n<p>British-born Sharon Nagel has been a journalist and translator specialising in wine for 35 years. She writes for leading French online publication Vitisphere and also contributes to corporate communications.<\/p>\n<p><span style=\"color: #84273b;\"><a style=\"color: #84273b;\" href=\"https:\/\/www.facebook.com\/associationterroirsdexception\">https:\/\/www.facebook.com\/associationterroirsdexception<\/a><\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Structural and transient factors have combined to create the perfect storm for driving down wine consumption \u2014 and, at least in the short-term, there are scant signs of a turnaround, according to the latest International Wine and (\u2026)<\/p>\n","protected":false},"author":12,"featured_media":40822,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2,340],"tags":[],"class_list":["post-36237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","category-market-pulse","format-article"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pinning down future growth opportunities in a contracting global wine market &#8211; 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