The latest analysis predicts wine market in Hong Kong will grow from USD 1,885 million in 2023 to USD 2,512 million by 2029, achieving a CAGR of 4.9 percent, according to the latest edition of the Wine Market in Hong Kong Report. The introduction of innovative wine products, including sparkling wines, flavored varieties, and canned options, has broadened appeal across diverse consumer segments. Concurrently, the popularity of wine festivals and events has surged, drawing attendance from both local enthusiasts and international visitors. These gatherings serve as valuable platforms for consumers to discover a wide array of wines and deepen their understanding of wine culture.
This report provides a thorough assessment of the Hong Kong wine industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like product, and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the wine industry.
Market Segmentation
The wine market in Hong Kong is categorized into the following segments:
Product: fortified wine, non-grape wine, sparkling wine, still wine, others
Distribution channel: convenience stores, supermarkets and hypermarkets, specialty stores, small grocery stores, foodservice channels, e-commerce, others
The Hong Kong wine market is segmented on the basis of product, and distribution channel. By product, the wine market in Hong Kong has been segmented into fortified wine, non-grape wine, sparkling wine, still wine, and others. Based upon distribution channel, the wine market in Hong Kong is categorized into convenience stores, supermarkets and hypermarkets, specialty stores, small grocery stores, foodservice channels, e-commerce, and others.
Competitive Landscape
The Hong Kong wine market is highly competitive. As of 2023, the major players in the Hong Kong wine market were Pernod Ricard Group, Treasury Wine Estates Limited, Casella Wines Pty. Ltd., LVMH Moet Hennessy Louis Vuitton SA (LVMH), Delegat Group Limited, E. & J. Gallo Winery, Baron Philippe de Rothschild S.A., Domaines Barons de Rothschild (Lafite), Accolade Wines Limited, Chateau la Borie, Robert Giraud SAS, Compania Cervecerias Unidas S.A., Altria Group Inc., Vina San Pedro Tarapaca S.A., Telford International Company Limited, ETS Jean Pierre Moueix SAS, Constellation Brands Inc., Domaine Laroche, Asahi Shuzo Co. Ltd., Gruppo Italiano Vini S.p.A.
This report provides a comprehensive analysis of the key players in the Hong Kong wine market, along with their performance from 2019 to 2023. By utilizing this data, businesses can gain a deeper understanding of market dynamics, including shifts in market share, the identification of leading players, and the rise of emerging companies. This information equips firms with a strategic advantage in a competitive landscape, enabling them to refine their market strategies and make informed, long-term decisions.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Hong Kong wine market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Hong Kong wine market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Hong Kong wine market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
Table of Contents
TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewHong Kong wine market – product analysis
Hong Kong wine market – distribution channel analysis
Key players and market share
– Pernod Ricard Group
– Treasury Wine Estates Limited
– Casella Wines Pty. Ltd.
– LVMH Moet Hennessy Louis Vuitton SA (LVMH)
– Delegat Group Limited
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table Hong Kong wine market 2019-2029
Chart Hong Kong wine market, net growth, 2019-2029
Chart Hong Kong wine market, growth rates, 2019-2029
Table Hong Kong wine market by product, 2019-2029
Chart Hong Kong wine market by product, CAGR historic and forecast, 2019-2029
Chart Hong Kong wine market by product, 2019-2029
Table Hong Kong wine market by distribution channel, 2019-2029
Chart Hong Kong wine market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Hong Kong wine market by distribution channel, 2019-2029
Table Hong Kong wine market share (%), by companies, 2019-2023
Chart Hong Kong wine market, by companies, 2023
Table Hong Kong wine market share (%), by brands, 2019-2023
Chart Hong Kong wine market, by brands, 2023
Table Hong Kong – population (millions) and forecast
Table Hong Kong – consumer price index (CPI) and forecast
Table Hong Kong – gross domestic product and forecast
Table Hong Kong wine market: spend as a proportion of GDP (%)
Table Hong Kong wine market: consumption per capita (population)