The Chile market accounts for nearly 16% of the Latin American still wine market size. The market registered a compound annual growth rate (CAGR) of -0.5% during 2018-23 and 18% growth over 2022. According to GlobalData’s deep-dive analysis report, Chile still wine market databook, red wine accounted for a notable share of 62% among various still wine segments in the market in 2023, followed by white wine. The report also provides in-depth analysis and market forecast to 2027. Buy the report here.
Smarter leaders trust GlobalData
According to GlobalData’s company and brand analysis, Vina Concha y Toro, Santa Rita Vineyards and Misiones De Rengo held significant shares in the Chile still wine market in 2023. Concurrently, Misiones de Rengo, Medalla Real and Tres Medallas led in terms of brand market share. Vina Concha y Toro had the leading market share by volume in 2023. Companies operating in the Chile still wine market continue to use innovation to target gaps in product offering. Continuous tracking of market size and company performance is important to help competitors capture and maximize profits.
GlobalData’s channel analysis reveals that food & drinks specialists were the key channel of purchase for still wine, along with hypermarkets & supermarkets. Also, on trade recorded a notable growth during the COVID-19 pandemic, as consumers were forced to stay at home due to restricted movement opportunities.
Food & drinks specialists constituted the highest market share by volume in 2023. Consumers preferred this channel for its product assortment and competitive pricing. Hypermarkets & supermarkets was the next preferred channel in the Chile market.
Among the top Latin American markets, Argentina accounted for the highest volume share in 2023, followed by Chile, Peru, Brazil, Colombia, and Mexico.
With a growing number of consumers seeking to experiment with novel products, manufacturers and brands need to constantly innovate their flavours and formulations to remain relevant and competitive. Additionally, the popularity of e-commerce has made it easier for shoppers to compare product features and offerings across different brands.
To further understand and explore GlobalData’s insight into the still wine category and market forecast to 2027, buy the report here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Consumer Intelligence Center sets the gold standard for data, insight and analysis of the consumer goods sector. GlobalData’s Sector Market Data helps users analyze market sizes of industries, sectors, and categories, in both value and volume terms. The platform also helps users to visualize data by channels and key players, across multiple geographies and categories.
