Ice Wine market size was valued at US$ 34090 million in 2023 and is estimated to reach US$ 49590 million by 2030 with a CAGR of 5.5% during the review period.
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According to Publisher’s latest study, the global Ice Wine market size was valued at US$ 34090 million in 2023. With the growing demand in the downstream market, the Ice Wine is forecast to a readjusted size of US$ 49590 million by 2030 with a CAGR of 5.5% during the review period.
Market Overview
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A Bonafide Research industry report provides in-depth market analysis, trends, competitive insights, and strategic recommendations to help businesses make informed decisions.
The research report highlights the growth potential of the global Ice Wine market. Ice Wine is expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimisation remain crucial for the widespread adoption of Ice Wine. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalise on the immense opportunities presented by the Ice Wine market.
Ice wine is a type of dessert wine produced from grapes that have been frozen while still on the vine.
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Manmayi Raval
Research Consultant
Market Drivers: Growing Preference for Premium Wines: One of the main factors propelling the ice wine market is the increasing inclination of consumers towards premium and high-quality wines. Ice wine is frequently seen as a high-end commodity that appeals to wealthy customers.
Extending Wine Tourism: The growing popularity of wine tourism, which involves tourists visiting vineyards and wineries to sample regional wines and observe the wine-making process, is increasing the market for ice wine.
Raising Consciousness Worldwide: Ice wine is becoming more and more popular due to increased appreciation and understanding of it around the world, which is being driven by wine contests and marketing campaigns.
Innovation in Wine Production: As a result of technological developments and creative production methods, ice wine is becoming more widely available and has better quality and consistency.
Growing Popularity of Dessert Wines: The market for ice wine is being driven by the rising desire for dessert wines, which are usually sweeter and more fragrant.
Cultural and Culinary Trends: Ice wine is becoming more and more popular among foodies and connoisseurs as a result of its incorporation into culinary customs and matching with fine cheeses and desserts.
Challenges: High manufacturing Costs: Ice wine manufacturing is labor-intensive and weather-dependent, which raises production costs that may impede market expansion and accessibility.
Climate Dependency: The manufacture of ice wine is dependent on particular climate conditions, which means that it is susceptible to variations in the weather and climate change.
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Limited Production Regions: The world's supply is constrained and expenses rise as a result of ice wine production being restricted to areas with appropriate winter weather.
Regulation and Import Barriers: In some areas, import restrictions and regulations can make it difficult to distribute and grow a market.
Economic Uncertainty: Consumer expenditure on luxury products, such as fine wines, can be impacted by economic ups and downs.
Market Forecasts and Future Outlook: The demand for premium wines among consumers, the growth of wine tourism, and the increased awareness of ice wine worldwide are anticipated to fuel the strong growth of the global ice wine market between 2024 and 2030. Sustained expansion will need addressing issues including high production costs and reliance on the climate. There are plenty of chances in this sector to innovate, grow into new markets, and create sustainable production methods.
Opportunities: Entry into Emerging Markets: There is tremendous room for growth in these areas due to the expanding middle class and rising demand for fine wines.
E-commerce Growth: Sales and market expansion can be fueled by utilizing e-commerce platforms to reach a wider audience and provide practical purchase options.
Development of Wine tourist: Investing in wine tourist experiences and infrastructure can draw wine lovers and increase the market for ice wine.
Product Innovation and Diversification: Ice wine can be made to appeal to a wider range of consumer groups by experimenting with novel blends, packaging, and grape varietals.
Sustainable Production Methods: Promoting environmentally friendly and sustainable methods of production can win over customers who care about the environment and improve a brand's reputation.
Partnerships and Collaborations: Establishing strategic partnerships with eateries, travel companies, and makers of fine foods can increase market awareness and spur growth.
Market Segmentation:
Ice Wine market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. In terms of product, White Ice Wine is the largest segment, with a share of over 80%. In terms of application, the largest application is Social Occasions, followed by Daily Meals, Entertainment Venues, etc.
1. Segmentation by type
• White Ice Wine
• Red Ice Wine
2. Segmentation by application
• Daily Meals
• Social Occasions
• Entertainment Venues
• Others Situations
Regional Insight: North America: Due to substantial ice wine production in Canada and robust consumer demand for premium wines, North America now dominates the industry. Ice wine is a prominent product of Canada, especially the Niagara region.
Europe: Europe is next, with nations like Austria and Germany leading the way in the manufacture of ice wine. The demand for ice wine is driven by the region's rich tradition of producing and consuming dessert wines.
Asia-Pacific: Because of rising disposable incomes, a growing demand for fine wines, and the increase of wine tourism, this region is predicted to experience the fastest growth. Japan and China are important markets with much room for expansion.
Latin America: The region's market is expanding gradually due to both increased customer interest in a wide range of wine types and economic progress. Argentina and Brazil are the two largest markets.
Middle East and Africa: Due to growing tourism and economic diversification, the Middle East and Africa region offers growth prospects. South Africa is becoming a significant premium wine market.
Asia-Pacific is the largest market, followed by Europe, and North America, both have a share of over 10 per cent.
1. Americas
• United States
• Canada
• Mexico
• Brazil
2. APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
3. Europe
• Germany
• France
• UK
• Italy
• Russia
4. Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries
Competitive Landscape: Global Ice Wine's key players include Inniskillin, Pillitteri Estates, Pelee Island, Peller Estates, Reif Estate Winery, etc. Global top five manufacturers hold a share of about 30%.
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
• Inniskillin
• Pillitteri Estates
• Pelee Island
• Peller Estates
• Kittling Ridge
• Reif Estate Winery
• Jackson-Triggs
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Ice Wine Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Ice Wine by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Ice Wine by Country/Region, 2019, 2023 & 2030
2.2 Ice Wine Segment by Type
2.2.1 White Ice Wine
2.2.2 Red Ice Wine
2.3 Ice Wine Sales by Type
2.3.1 Global Ice Wine Sales Market Share by Type (2019-2024)
2.3.2 Global Ice Wine Revenue and Market Share by Type (2019-2024)
2.3.3 Global Ice Wine Sale Price by Type (2019-2024)
2.4 Ice Wine Segment by Application
2.4.1 Daily Meals
2.4.2 Social Occasions
2.4.3 Entertainment Venues
2.4.4 Others Situations
2.5 Ice Wine Sales by Application
2.5.1 Global Ice Wine Sale Market Share by Application (2019-2024)
2.5.2 Global Ice Wine Revenue and Market Share by Application (2019-2024)
2.5.3 Global Ice Wine Sale Price by Application (2019-2024)
3 Global Ice Wine by Company
3.1 Global Ice Wine Breakdown Data by Company
3.1.1 Global Ice Wine Annual Sales by Company (2019-2024)
3.1.2 Global Ice Wine Sales Market Share by Company (2019-2024)
3.2 Global Ice Wine Annual Revenue by Company (2019-2024)
3.2.1 Global Ice Wine Revenue by Company (2019-2024)
3.2.2 Global Ice Wine Revenue Market Share by Company (2019-2024)
3.3 Global Ice Wine Sale Price by Company
3.4 Key Manufacturers Ice Wine Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Ice Wine Product Location Distribution
3.4.2 Players Ice Wine Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Ice Wine by Geographic Region
4.1 World Historic Ice Wine Market Size by Geographic Region (2019-2024)
4.1.1 Global Ice Wine Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Ice Wine Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Ice Wine Market Size by Country/Region (2019-2024)
4.2.1 Global Ice Wine Annual Sales by Country/Region (2019-2024)
4.2.2 Global Ice Wine Annual Revenue by Country/Region (2019-2024)
4.3 Americas Ice Wine Sales Growth
4.4 APAC Ice Wine Sales Growth
4.5 Europe Ice Wine Sales Growth
4.6 Middle East & Africa Ice Wine Sales Growth
5 Americas
5.1 Americas Ice Wine Sales by Country
5.1.1 Americas Ice Wine Sales by Country (2019-2024)
5.1.2 Americas Ice Wine Revenue by Country (2019-2024)
5.2 Americas Ice Wine Sales by Type
5.3 Americas Ice Wine Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Ice Wine Sales by Region
6.1.1 APAC Ice Wine Sales by Region (2019-2024)
6.1.2 APAC Ice Wine Revenue by Region (2019-2024)
6.2 APAC Ice Wine Sales by Type
6.3 APAC Ice Wine Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Ice Wine by Country
7.1.1 Europe Ice Wine Sales by Country (2019-2024)
7.1.2 Europe Ice Wine Revenue by Country (2019-2024)
7.2 Europe Ice Wine Sales by Type
7.3 Europe Ice Wine Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Ice Wine by Country
8.1.1 Middle East & Africa Ice Wine Sales by Country (2019-2024)
8.1.2 Middle East & Africa Ice Wine Revenue by Country (2019-2024)
8.2 Middle East & Africa Ice Wine Sales by Type
8.3 Middle East & Africa Ice Wine Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Ice Wine
10.3 Manufacturing Process Analysis of Ice Wine
10.4 Industry Chain Structure of Ice Wine
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Ice Wine Distributors
11.3 Ice Wine Customer
12 World Forecast Review for Ice Wine by Geographic Region
12.1 Global Ice Wine Market Size Forecast by Region
12.1.1 Global Ice Wine Forecast by Region (2025-2030)
12.1.2 Global Ice Wine Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Ice Wine Forecast by Type
12.7 Global Ice Wine Forecast by Application
13 Key Players Analysis
13.1 Inniskillin
13.1.1 Inniskillin Company Information
13.1.2 Inniskillin Ice Wine Product Portfolios and Specifications
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