Wine - China

  • China
  • Revenue in the Wine segment amounts to US$27.17bn in 2023. The market is expected to grow annually by 3.93% (CAGR 2023-2027).
  • In global comparison, most revenue is generated in the United States (US$56,650.00m in 2023).
  • In relation to total population figures, per person revenues of US$18.61 are generated in 2023.
  • By 2027, 66% of spending and 47% of volume consumption in the Wine segment will be attributable to out-of-home consumption (e.g., in bars and restaurants).
  • In the Wine segment, volume is expected to amount to 1,779.1ML by 2027. The market for Wine segment is expected to show a volume growth of 1.8% in 2024.
  • The average volume per person in the Wine segment is expected to amount to 1.14 L in 2023.
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