Market Forecast By Product Types (Still Wine, Sparkling Wine, Dessert Wine, Fortified Wine), By Colors (Red Wine, Rose Wine, White Wine, Other Colors), By Distribution Channel (Offline , Online ) And Competitive Landscape
Product Code: ETC018832 | Publication Date: Oct 2020 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Bangladesh Wine Market |
Forecast period | 2025-2031 |
CAGR | 12.6% |
Growing Sector | Alcoholic Beverages |
The Bangladesh Wine Market Report thoroughly covers the market by Product Types, by Colours and by Distribution Channel. The Bangladesh Wine Market Outlook report provides an unbiased and detailed analysis of the ongoing Bangladesh Wine Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
The Bangladesh Wine Market is witnessing prominent growth and is expected to grow more in the future. This growth can be attributed to the increasing disposable income among the middle- and upper-class population. Along with this the growing tourism, expats living in Bangladesh, changing cultural attitudes towards alcohol and the government initiatives also lead to the growth of the Bangladesh Wine Market.
According to 6Wresearch, Bangladesh Wine Market is projected to rise at a CAGR of 12.6% during the period of 2025-2031. One of the major drivers in the growth of Bangladesh Wine Market is the increasing disposable income among the middle- and upper-class population which has led to an increase in demand for luxury items such as wine and which in turn leads to the growth of the market. Additionally, the surge in tourism within Bangladesh has contributed to the increased demand for alcoholic beverages, including wine as the government has relaxed the alcohol restrictions in tourist zones which has facilitated wine sales and consumption in hotels and restaurants and which in turn fuels the market growth. Furthermore, the wine market is influenced by evolving cultural perspectives on alcohol. Although alcohol remains prohibited for most of the population, the younger generation exhibits more permissive attitudes toward drinking. Moreover, the expanding expatriate community in Bangladesh has fuelled a rising interest in imported wines from their countries of origin which in turn leads to the growth of the market. However, there are also some challenges faced by the Bangladesh Wine Market, such as the high taxes which are levied by the government on alcohol which makes it expensive for consumers and makes it difficult for wineries to compete with cheaper imported wines and this in turn hinders the market growth. Additionally, the production and sale of alcohol are heavily regulated in Bangladesh which makes it difficult for domestic wineries to operate and in this in turn hampers the market growth. Furthermore, due to legal restrictions, there are limited distribution channels for domestic wineries in Bangladesh. This makes it challenging for them to reach a wider consumer base and limits the growth potential of the market.
Some Key Players in the Bangladesh Wine Market include Chateau de Sours, Dhaka Wine & Spirits, Chateau Rezwan, Bengal Vintners. These key players have a strong presence in the market and are at the forefront of Wine production in Bangladesh as they produce wine from locally grown grapes and make changes in their product according to the changing consumer demand.
The government initiatives such as relaxation of some restrictions on alcohol consumption for foreigners and non-Muslim citizens which has created a growing demand for wine in hotels and restaurants and which in turn fuels the market growth. Additionally, the government has reduced taxes on imported wines and provides subsidies for domestic wineries which in turn propels the growth of the market. Furthermore, the government through the Ministry of Commerce declared wine a 'thrust sector' for export promotion which allows wineries to receive subsidies and other benefits from the government which in turn leads to the market growth. Moreover, organizations like the Bangladesh Wine Producers Association have been formed to promote and support local wineries and educate consumers about wine which in turn leads to the growth of the Bangladesh Wine Market.
Bangladesh Wine Market is witnessing significant growth which can be attributed to the increasing disposable income among the middle- and upper-class population. Along with this the growing tourism, expats living in Bangladesh, changing cultural attitudes towards alcohol and the government initiatives such as relaxation of some restrictions on alcohol consumption for foreigners and non-Muslim citizens which has created a growing demand for wine in hotels and restaurants, will lead to the growth of the Bangladesh Wine Market in coming years.
According to Ravi Bhandari, Research Head, 6Wresearch, the still wine segment is the dominant segment in the industry and will continue to grow in the coming years due to the increasing demand for red and white wines, favourable government policies, and the emergence of more local wineries producing high-quality still wines.
Based on Colours, the red wine segment is the dominant segment in the industry and will continue to grow in the coming years due to as its popularity among consumers. Moreover, availability of a variety of affordable options from both local and international brands, and red wine’s perceived health benefits further lead to the growth of this segment.
Based on Distribution Channel, the offline segment is the dominant segment in the industry due to the consumer preference for purchasing from physical stores and limited availability of online platforms for alcohol sales. However, the segment that and will grow in the coming years is the online segment which is due to the increasing trend towards e-commerce in the country and convenience of online shopping. Moreover, the growing number of online wine retailers and delivery services in Bangladesh will further lead to the growth of this segment.
The report offers a comprehensive study of the subsequent market segments:
Still Wine
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Wine Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Wine Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Wine Market - Industry Life Cycle |
3.4 Bangladesh Wine Market - Porter's Five Forces |
3.5 Bangladesh Wine Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.6 Bangladesh Wine Market Revenues & Volume Share, By Colors, 2021 & 2031F |
3.7 Bangladesh Wine Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Bangladesh Wine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Wine Market Trends |
6 Bangladesh Wine Market, By Types |
6.1 Bangladesh Wine Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Wine Market Revenues & Volume, By Product Types, 2021 - 2031F |
6.1.3 Bangladesh Wine Market Revenues & Volume, By Still Wine, 2021 - 2031F |
6.1.4 Bangladesh Wine Market Revenues & Volume, By Sparkling Wine, 2021 - 2031F |
6.1.5 Bangladesh Wine Market Revenues & Volume, By Dessert Wine, 2021 - 2031F |
6.1.6 Bangladesh Wine Market Revenues & Volume, By Fortified Wine, 2021 - 2031F |
6.2 Bangladesh Wine Market, By Colors |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Wine Market Revenues & Volume, By Red Wine, 2021 - 2031F |
6.2.3 Bangladesh Wine Market Revenues & Volume, By Rose Wine, 2021 - 2031F |
6.2.4 Bangladesh Wine Market Revenues & Volume, By White Wine, 2021 - 2031F |
6.2.5 Bangladesh Wine Market Revenues & Volume, By Other Colors, 2021 - 2031F |
6.3 Bangladesh Wine Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Bangladesh Wine Market Revenues & Volume, By Offline , 2021 - 2031F |
6.3.3 Bangladesh Wine Market Revenues & Volume, By Online , 2021 - 2031F |
7 Bangladesh Wine Market Import-Export Trade Statistics |
7.1 Bangladesh Wine Market Export to Major Countries |
7.2 Bangladesh Wine Market Imports from Major Countries |
8 Bangladesh Wine Market Key Performance Indicators |
9 Bangladesh Wine Market - Opportunity Assessment |
9.1 Bangladesh Wine Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.2 Bangladesh Wine Market Opportunity Assessment, By Colors, 2021 & 2031F |
9.3 Bangladesh Wine Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Bangladesh Wine Market - Competitive Landscape |
10.1 Bangladesh Wine Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Wine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |