France, with its renowned wine culture, continues to draw a substantial number of wine tourists, with regions like Bordeaux, Burgundy, and Champagne being particularly sought-after. Similarly, the United States offers prominent wine regions such as Napa Valley, Sonoma County, and Willamette Valley, providing diverse landscapes and picturesque wineries for wine tourism enthusiasts. Australia’s wine tourism industry has also experienced remarkable growth, with regions like Barossa Valley, Margaret River, and Hunter Valley attracting both domestic and international visitors seeking to explore their world-class vineyards and wines
/EIN News/ — NEWARK, Del, June 06, 2023 (GLOBE NEWSWIRE) — As per the latest data released by Future Market Insights (FMI), the wine tourism market is estimated to reach ~US$ 13.9 Million in 2023 and is projected to reach ~US$ 47.5 Million by 2033, at a CAGR of 13.1% from 2023 to 2033.
The wine tourism market is experiencing steady growth driven by increasing interest in wine, experiential travel, and the rise of culinary tourism. Wine tourists are seeking educational experiences to deepen their knowledge and appreciation of wine, leading to the trend of wine education and experiential learning.
Sustainability and responsible tourism practices are gaining importance in the industry, and technology is being integrated to enhance the visitor experience. However, wine tourism is influenced by seasonal and weather conditions, and regulatory challenges can pose restraints on tour providers.
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Looking towards the future, emerging wine regions present new opportunities for unique experiences. Personalization and customization will likely become more prevalent to cater to the diverse preferences of wine enthusiasts. Advancements in technology, such as augmented reality and virtual reality, are expected to further enhance the wine tourism experience. Despite the promising prospects, challenges related to seasonality, regulations, and sustainability practices will need to be addressed.
- Global wine tourism generated a revenue of US$ 13.9 Billion by the end of 2023 the Wine tourism market is estimated to reach around US$ 47.5 Billion in 2033.
- Online booking channel brings most of the bookings for wine tourism and expected to increase at a CAGR of 13.1% during the forecast period.
- US dominated the global wine tourism market and contributed the major share of 17.1% in 2022
- The 46-55 years age group dominated the global market with a share of 23.1% in 2022.
“The wine tourism market aligns with evolving consumer preferences and holds great potential for growth and innovation in the years to come,” says an analyst at FMI.
Who is winning?
Leading players in Wine Tourism Market are Wine Paths, Zephyr Tours, Abercrombie & Kent, Intrepid Travel, BKWine Tours, Grape Escapes, Cellar Tours, The Wine Tour Booking, Wine Lovers Tours, WineTourism.com, Wine Tourism Australia, BK Tours & Travel, Wine Paths, BKWine, and BKWine Magazine among others.
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Market by Categorization:
By Activity Type:
- Winery Visits and Tastings
- Wine Trails and Routes
- Wine Festivals and Events
- Wine Education and Workshops
By Direct Suppliers:
- Hotel Companies
- Tour Operators
By Indirect Suppliers:
- OTA (Online Travel Agency)
- Traditional Travel Agencies
- TMCs (Travel Management Companies)
- Under 15 years
- 16-25 years
- 26-35 years
- 36-45 years
- 46-55 years
- Over 55 years
By Booking Channel:
- Phone Booking
- Online Booking
- In Person Booking
By Tour Type:
- Individual travel
- Professional Groups
- Group travels
- The U.S.
- The U.K.
Get More Valuable Insights:
Future Market Insights, in its new offering, provides an unbiased analysis of wine tourism market, presenting historical demand data (2018-2022) and forecast statistics for the period from 2023 to 2033. The study divulges compelling insights By Activity Type (Winery Visits & Tasting, Wine Trails & Routes, Wine Festivals & Events, Wine Education & Workshop, Others), By Direct Suppliers (Airlines, Hotel, & Tour Operators), By Indirect Suppliers (Online Travel Agencies, Traditional Travel Agencies, Travel Management Companies, Corporate Buyers & Aggregators), By Number of Bookings (By Age, By Demographic, By Nationality, By Booking Channel & By Tour Type), By Country (US, Canada, Brazil, Mexico, Germany, UK, France, Spain, Russia, India, China, Japan, Malaysia, Singapore, Australia, UAE, KSA, Italy, Qatar, Oman & ROW).
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Table of Content (ToC):
1. Executive Summary
1.1. Global Market Outlook
1.1.1. Who Is Travelling?
1.1.2. Travel Gross Bookings
1.1.3. Travel Gross Revenue
1.1.4. How Much Do They Spend?
1.2. Evolution Analysis
1.3. FMI Analysis and Recommendations
2. Gross Revenue
2.1. Gross Revenue (US$ Million) and Forecast (2023 to 2033)
2.2. Number of Bookings (mm) and Forecast (2023 to 2033)
2.3. Total Spending Y-o-Y Growth Projections (2023 to 2033)
2.4. Number of Tourists Y-o-Y Growth Projections
3. Growth Parameters
3.1. Government’s Patronage Towineds Contributing to Growth in the Market
3.2. Tourist Attraction Towineds Visiting Battleground is Driving the Market
3.3. The launch of various programs by government is building Infrastructure
3.4. Others (During the course study)
4. Supply to Demand: Today’s Travel Distribution Network
4.1. Direct v/s Indirect Distribution
4.2. Travel Gross Revenues, by Channel, 2022
4.2.1. Supplier Direct
4.2.3. Tour Operator
5. Direct Supplier
5.1. Total Supplier Market, Share by Segment (%), 2022
5.1.2. Hotel Companies
5.1.3. Tour Operators
Complete TOC: https://www.futuremarketinsights.com/toc/rep-gb-17319
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Originally published at https://www.einpresswire.com/article/638066376/wine-tourism-market-is-expected-to-reach-us-47-5-billion-registering-a-cagr-of-13-1-during-forecast-of-2023-to-2033-future-market-insights-inc