The Singapore wine market is poised for moderate growth, projected to increase from USD 696.3 million in 2023 to USD 960.1 million by 2029, achieving a CAGR of 5.5% during the forecast period. Singapore’s wine market is bolstered by its status as a global hub for trade, finance, and tourism. As a highly developed economy, Singapore benefits from a sophisticated and discerning consumer base with a growing interest in premium wines. The country’s wine culture is supported by a well-established hospitality sector, where wine is commonly paired with fine dining experiences. Additionally, increasing consumer awareness about wine through tasting events, wine clubs, and educational platforms is fostering greater appreciation for both local and international wines.
The report delivers an in-depth analysis of the Singapore wine industry, offering extensive market data such as historical market size, growth trajectories, and forward-looking projections. It thoroughly examines key market categories and subcategories, emphasizing critical elements like product type, pricing, packaging and distribution channel. By offering this detailed analysis, the report assists in uncovering the untapped potential of the wine market.
Market Segmentation
The following outlines the segmentation of the Singapore wine market:
Product type: non-grape wine, sparkling wine (champagne, others), still wine (still red wine, still rosé wine, still white wine)
Pricing: mass, mid-priced, premium
Packaging: glass, metal, others
Distribution channel: supermarkets and hypermarkets, food and drinks stores, bars and HoReCa, e-commerce, others
The wine market in Singapore is segmented based on product type, pricing, packaging and distribution channel. The categorization of the market by product type includes non-grape wine, sparkling wine (champagne, others), and still wine (still red wine, still rosé wine, still white wine). Pricing segmentation includes mass, mid-priced, and premium. Packaging segments are categorized into glass, metal, and others. Distribution channel segmentation includes supermarkets and hypermarkets, food and drinks stores, bars and HoReCa, e-commerce, and others.
Competitive Landscape
Major participants in the wine market comprise Treasury Wine Estates Limited, Tatsuuma-Honke Brewing Co. Ltd., Pernod Ricard Group, LVMH Moet Hennessy Louis Vuitton SA (LVMH), Kiku-Masamune Sake Brewing Co. Ltd. and Europeenne de Participations Industrielles (EPI) SAS. This report delivers an in-depth examination of leading companies in the wine sector, analyzing their performance from 2019 to 2023. The results indicate changes in market share, emphasizing both established leaders and new entrants.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Singapore wine market.
Gain in-depth analysis and forecasts for the key segments of the Singapore wine market: product type, pricing, packaging and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Singapore wine market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Singapore wine market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Singapore Wine Market – Product Type Analysis
Singapore Wine Market – Pricing Analysis
Singapore Wine Market – Packaging Analysis
Singapore Wine Market – Distribution Channel Analysis
Key Players and Market Share
– Treasury Wine Estates Limited
– Tatsuuma-Honke Brewing Co., Ltd.
– Pernod Ricard Group
– LVMH Moet Hennessy Louis Vuitton SA (LVMH)
– Kiku-Masamune Sake Brewing Co., Ltd.
– Europeenne de Participations Industrielles (EPI) SAS
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Singapore Wine Market 2019-2029
Chart Singapore Wine Market, Net Growth, 2019-2029
Chart Singapore Wine Market, Growth Rates, 2019-2029
Table Singapore Wine Market by Product Type, 2019-2029
Chart Singapore Wine Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Singapore Wine Market by Product Type, 2019-2029
Table Singapore Wine Market by Pricing, 2019-2029
Chart Singapore Wine Market by Pricing, CAGR Historic and Forecast, 2019-2029
Chart Singapore Wine Market by Pricing, 2019-2029
Table Singapore Wine Market by Packaging, 2019-2029
Chart Singapore Wine Market by Packaging, CAGR Historic and Forecast, 2019-2029
Chart Singapore Wine Market by Packaging, 2019-2029
Table Singapore Wine Market by Distribution Channel, 2019-2029
Chart Singapore Wine Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Singapore Wine Market by Distribution Channel, 2019-2029
Table Singapore Wine Market Share (%), by Companies, 2019-2023
Chart Singapore Wine Market, by Companies, 2023
Table Singapore Wine Market Share (%), by Brands, 2019-2023
Chart Singapore Wine Market, by Brands, 2023
Table Singapore – Population (Millions) and Forecast
Table Singapore – Consumer Price Index (CPI) and Forecast
Table Singapore – Gross Domestic Product and Forecast
Table Singapore Wine Market: Spend as a Proportion of GDP (%)
Table Singapore Wine Market: Consumption per Capita (Population)
Companies Mentioned
Treasury Wine Estates Limited
Tatsuuma-Honke Brewing Co., Ltd.
Pernod Ricard Group
LVMH Moet Hennessy Louis Vuitton SA (LVMH)
Kiku-Masamune Sake Brewing Co., Ltd.
Europeenne de Participations Industrielles (EPI) SAS