DUBLIN--(BUSINESS WIRE)--The "World - Grapes - Market Analysis, Forecast, Size, Trends and Insights" report has been added to ResearchAndMarkets.com's offering.
The global grape market revenue amounted to $136.6B in 2018, going up by 3.7% against the previous year
This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.2% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2011 with an increase of 10% against the previous year. Over the period under review, the global grape market attained its maximum level in 2018 and is likely to see steady growth in the near future.
Consumption By Country
China (14M tonnes) remains the largest grape consuming country worldwide, accounting for 19% of total consumption. Moreover, grape consumption in China exceeded the figures recorded by the world's second-largest consumer, the U.S. (6.9M tonnes), twofold. The third position in this ranking was occupied by Italy (6.7M tonnes), with a 8.9% share.
In China, grape consumption increased at an average annual rate of +7.1% over the period from 2007-2018. The remaining consuming countries recorded the following average annual rates of consumption growth: the U.S. (+0.4% per year) and Italy (-0.3% per year).
In value terms, China ($21.3B), the U.S. ($15.1B) and France ($13.9B) constituted the countries with the highest levels of market value in 2018, with a combined 37% share of the global market.
China recorded the highest growth rate of the grape market, in terms of the main consuming countries over the last eleven-year period, while the other global leaders experienced more modest paces of growth.
The countries with the highest levels of grape per capita consumption in 2018 were Italy (113 kg per person), Spain (113 kg per person) and France (92 kg per person).
From 2007 to 2018, the most notable rate of growth in terms of grape per capita consumption, amongst the main consuming countries, was attained by China, while the other global leaders experienced more modest paces of growth.
Market Forecast 2019-2025
Driven by increasing demand for grape worldwide, the market is expected to continue an upward consumption trend over the next seven-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.3% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 83M tonnes by the end of 2025.
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