What is Wine E-commerce?
Wine e-commerce is a growing industry. Vine Spring offers wineries and breweries a robust e-commerce solution for selling wine online. This e-commerce platform is unique in that it is specifically designed for wine e-commerce. It is designed by people who have extensive knowledge of the wine industry, so you get an online store tailored to the needs of large-scale wineries and breweries. Vine Spring can assist wineries in showcasing their products and reaching a wider audience. Their platform is mobile-responsive and adaptable. Furthermore, the platform works with several design studios dedicated to creating unique and beautiful website templates for wineries.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | VineSpring (United States), VinoShipper (United States), WineDirect (United States), WooCommerce (United Kingdom), Shopify (Canada), Vivino (United States), Uber Technologies Inc (United States), Vintage Wine Estates (United States), Drizly (United States) and Naked Wines plc (United Kingdom) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Red Wine, White Wine and Sparkling Wine) , by application (Commercial and Residential) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Wine E-commerce market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Wine E-commerce market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are VineSpring (United States), VinoShipper (United States), WineDirect (United States), WooCommerce (United Kingdom), Shopify (Canada), Vivino (United States), Uber Technologies Inc (United States), Vintage Wine Estates (United States), Drizly (United States) and Naked Wines plc (United Kingdom).
Market Overview:
On 5th April 2022, Direct-to-consumer wine sales platform Commerce7 announced the acquisition of VineSpring, a Sonoma-based provider of POS, subscription, and e-commerce technology for wineries, breweries, and distilleries.
Wine laws and regulations vary widely from state to state in the United States, which limits the transportation of wine to consumers and increases logistical challenges. In all countries, the laws and regulations governing the industry differ from state to state. So, before starting a business, it is critical to understand the laws and complete all necessary paperwork.
As preferred strategies, the companies are exploring the market through mergers and acquisitions, expansions, investments, new service launches, and collaborations. The players are expanding into new geographies through acquisitions and mergers to gain a competitive advantage through combined synergies.
Wine E-commerce Market Dynamics:
Attributes | Details |
---|
Growth Drivers | - Rise In Wine Consumption and Thriving E-Commerce Activities across the Globe
- Availability of Wine in Different Flavors and Packaging Innovation
|
Major Trends | - High Online Presence of Beverages Sector and Ease of Online Transaction and Payment Procedures As Well As Seamless Online Operations
|
Restraints | - Strict Government Laws Regarding Wine Consumption, High Taxes, Low Customer Engagement, and High Prices
|
Road Blocks / Challenges | - High Content of Sugar in the Wine May Hamper the Growth
|
Gaps & Opportunities | - Surge In Per Capita Income and Growing Urbanization
- Availability of Information on Product Safety and Its Content
|
Key highlights of the Global Wine E-commerce market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Wine E-commerce market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Wine E-commerce market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Wine E-commerce Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Wine E-commerce market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Wine E-commerce market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Wine Manufacturers, Suppliers and Distributors of Wine E-commerce, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.