Thailand Grape Wine Market (2024-2030) | Size, Forecast, Revenue, Analysis, Companies, Growth, Value, Share, Outlook, Industry & Trends

Thailand Grape Wine Market Synopsis

The Thailand grape wine market is projected to generate a revenue of US$ 145.1 million in 2020 and grow at a compound annual growth rate (CAGR) of 10.49% during the forecast period from 2020-2026. The demand for wine has risen among millennials, as it is considered an elegant drink with health benefits, which has led to the rise in consumption in Thailand over the past few years. In addition, supermarkets and hypermarkets are popular distribution channels for wines; hence they contribute significantly to sales by offering convenience and discounts on bulk purchases. Furthermore, increasing disposable incomes coupled with changing lifestyles have increased opportunities for premium imported wines due to their growing popularity amongst consumers.

Market Drivers

One of the challenges faced by producers lies within the supply chain management system where there are chances that counterfeit items can enter into retail stores easily if not monitored properly, this can lead to loss of brand trust amongst customers negatively affecting revenue generation capabilities.Other challenges include high cost involved due to complex production processes leading manufacturers investing heavily on research & development activities thus making it difficult for small scale players catering local region markets only compete against bigger well established companies operating globally.Moreover lack awareness about usage & advantages related specifically red/white type varietals available amongst general public further hampers industry profits significantly.

Challenges of the Market

The Thailand grape wine market is facing a number of challenges, most notably the lack of demand due to changing consumer preferences and trends. Social media platforms such as Instagram provide exposure for new types of alcoholic beverages that are competing with traditional drinks like wine, thus limiting the growth potential for the grape wine industry. Additionally, high taxes on imported wines have made it difficult for foreign companies to break into this market, while local production has been unable to meet increasing demand.

Covid-19 Impact on the Market

The novel coronavirus (COVID-19) pandemic has had a significant impact on the Thailand grape wine market. The COVID-19 outbreak has forced closure of bars, pubs, restaurants and cafes which have resulted in decreased demand for wines from these outlets. Additionally, the restrictions imposed by governments to limit social gatherings have also impacted consumer spending and consequently reduced sales of wines. Moreover, due to disruption in global supply chains caused by lockdowns throughout the world, imports of foreign grapes wines into Thailand are expected to be affected further hurting domestic consumption levels.

Key Players of the Market

Major players operating within the Thailand grape wine market include Siam Winery Co., Ltd., Bangkok Wine & Spirits Co.,Ltd., Vintners Group (Thailand) Ltd., Pranburi Winery Co.,Ltd., Khao Yai National Park Wines Co..Ltd and others.

Key Highlights of the Report:

• Thailand Grape Wine Market Outlook
• Market Size of Thailand Grape Wine Market, 2023
• Forecast of Thailand Grape Wine Market, 2030
• Historical Data and Forecast of Thailand Grape Wine Revenues & Volume for the Period 2020-2030
• Thailand Grape Wine Market Trend Evolution
• Thailand Grape Wine Market Drivers and Challenges
• Thailand Grape Wine Price Trends
• Thailand Grape Wine Porter's Five Forces
• Thailand Grape Wine Industry Life Cycle
• Historical Data and Forecast of Thailand Grape Wine Market Revenues & Volume By Type for the Period 2020-2030
• Historical Data and Forecast of Thailand Grape Wine Market Revenues & Volume By Red Wine for the Period 2020-2030
• Historical Data and Forecast of Thailand Grape Wine Market Revenues & Volume By White Wine for the Period 2020-2030
• Historical Data and Forecast of Thailand Grape Wine Market Revenues & Volume By Rose Wine for the Period 2020-2030
• Historical Data and Forecast of Thailand Grape Wine Market Revenues & Volume By Other for the Period 2020-2030
• Historical Data and Forecast of Thailand Grape Wine Market Revenues & Volume By Applications for the Period 2020-2030
• Historical Data and Forecast of Thailand Grape Wine Market Revenues & Volume By Commercial Consumption for the Period 2020-2030
• Historical Data and Forecast of Thailand Grape Wine Market Revenues & Volume By Household Consumption for the Period 2020-2030
• Historical Data and Forecast of Thailand Grape Wine Market Revenues & Volume By Other for the Period 2020-2030
• Thailand Grape Wine Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Applications
• Thailand Grape Wine Top Companies Market Share
• Thailand Grape Wine Competitive Benchmarking By Technical and Operational Parameters
• Thailand Grape Wine Company Profiles
• Thailand Grape Wine Key Strategic Recommendations