Global demand for Chardonnay is projected to reach a market valuation of USD 498 million by the end of 2023, with an anticipated compound annual growth rate (CAGR) of 7% from 2023 to 2033, driving the market to USD 973.3 million.
Chardonnay, the highly favored white wine, continues to experience significant growth in popularity, driving substantial market expansion. Its versatile flavor profile—ranging from buttery and oaky to crisp and fruity—caters to a wide range of preferences, appealing to both novice and experienced wine enthusiasts. This growing demand solidifies Chardonnay’s dominant position in the wine market.
Chardonnay is a green-skinned grape variety widely used to produce champagne, white wine, Franciacorta, sparkling wine, and dessert wine. Originating in the Burgundy region of eastern France, Chardonnay is now commercially cultivated wherever wine is produced, from Europe to Oceania. Its popularity reached its peak in the late 1980s.
As the most widely planted grape variety globally, Chardonnay thrives in soils with high concentrations of clay, limestone, and chalk, which enhance its yield and contribute to its widespread cultivation.
High Shelf-life of White Wine Surging the Demand
The main reason behind the chardonnay market growth is the higher shelf life of white wine produced from chardonnay as it is used after a few years with the same pleasant taste and aroma.
A wide range of chardonnay can be produced across the globe, generally in cooler and warmer climates. This seasonal chardonnay offers several unique flavors.
Pineapple, yellow apple, and meyer lemon are the few examples of popular flavors of chardonnay that are preferred in a warmer climate whereas green apple, cement rock, lime, and lemon are the most common flavors preferred in cool weather.
Additionally, with increased celebration and dinner parties on several occasions and high disposable incomes lead to a surge in the intake of white wine among the population. These are the key factors that are fuelling the growth of the global market for chardonnay.
However, the climatic irregularity along with seasonal changes affects the production of raw material due to uneven and critical rainfall. These are the key factors that have a direct impact on chardonnay production.
Global Chardonnay: Key Players
Some of the key manufacturers operating their business in the global chardonnay market are
- Iceland Foods Ltd
- SCHUG CARNEROS ESTATE WINERY
- Terra Sávia Wines
- Crystallum wines
- Royal Wine Corporation
- Bonterra Organic Vineyards
- Beringer vineyards
- Scarecrow wine
The study is a source of reliable data on:
- Chardonnay market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The chardonnay market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the chardonnay market report projects the attractiveness of each major segment over the forecast period.
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Chardonnay: Market Segmentation
Basis of Nature:
- Organic
- Conventional
Basis of Product Type:
- Oaked
- Unoaked
By Basis of Flavors:
- Pear
- Lemon
- Pineapple
- Apple
- Vanilla
- Caramelized Sugar
- Pie Crust
- Others
By Basis of Distribution Channel:
- B2B (Direct Sales)
- B2C (Indirect Sales)
- Hotels
- Restaurants
- Pubs
- Cafés
- Online Retailers
- Others
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