Grapes Market – Growth, Trends, Covid-19 Impact, And Forecasts (2021 – 2026)

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The grapes market was valued at USD 189.19 billion in 2020 and the market is projected to register a CAGR of 7.1% during the forecast period 2021-2026.

The year 2020 was not very beneficial for the grapes producers and exporters. Most of the shipment got stuck and the majority of the consignments went on hold globally. The delayed harvesting affected the quality of the grapes thereby affecting the demand. Lockdowns coupled with labour shortage and depleting demand for grapes abroad is also one of the major concerns for the producers. According to the exporters, the demand for grapes in supermarkets in the UK and Germany has gone down drastically.

The major grapes producing countries include Italy, France, the United States, Spain, and China. Italy was the largest grapes producing country, with an annual production of 8.2 million metric ton in 2016. In terms of region, Europe is the largest grapes producing region in the world, accounting for more than 45% of the world grapes production. The major grape importing countries are the United States, the United Kingdom, Germany, and China.

The major exporters ...
... of grapes in the international market include Chile, the United States, and Italy. In 2018, the top three grape importing countries of Europe like the United Kingdom, Germany, and the Netherlands, has imported around 25% of the grapes traded globally. Most of the countries of the European region import table grapes, while countries like Italy have huge acreage under vineyards, for the purpose of the production of wine. Most of the world's finest quality wines are produced in European countries.

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Key Market Trends

The Growth of the Global Wine Industry is Driving the Grapes Market

Grapes are used for wine production and with the increasing demand for wine, the demand for grapes is also increasing. The wine market was valued at USD 297.35 billion in 2018 and is expected register 5.8 % CAGR during the forecast period, 2021 – 2026. The largest aggregated wine markets are the United States of America, China, and France, due to their larger populations. The United States of America is one of the biggest importers of grapes with a record of importing grapes of value USD 18,04,321 million in 2019. The majority of the imported grapes by USA is used for manufacturing wines.There are many different grape varieties, each with its unique characteristics in terms of form, growth, suitability for different climates and regions and winemaking features, few of the varities used typically for wines are Chardonnay, Sauvignon Blanc, Riesling, Muscat, Malbet, Pinor noir etc.

The United States is the Largest Grapes Importer

The United States is the largest importer of grapes in the world, accounting for 16.4% of the total world imports. The major countries from where the United States imports grapes include Chile, Mexico, and Peru, which together account for almost 99% of American grape imports.

The United States is a growing market for wines with the domestic demand exceeding the wine production in the country. Almost all 50 states of the US produce wine, however, most of the US wine production comes from California and Washington. The geological and climatic condition of the United States has provided these states with favorable grapes growing conditions, like higher altitude continental climes or coastal fog-laden areas.

While the domestic production of grapes is focused on supplying to the wine industry, the imports are mostly for human consumption.

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