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Honey Wine Market by Distribution Channel and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 116
  • SKU: IRTNTR73697
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The honey wine market share is expected to increase by USD 317.31 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.7%.

This honey wine market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers honey wine market segmentation by distribution channel (off-trade and on-trade) and geography (Europe, North America, APAC, South America, and Middle East and Africa). The honey wine market report also offers information on several market vendors, including B. Nektar Meadery, Bored Beverages, Brothers Drake Meadery, Cerana Meads, Etowah Meadery Corp., Humble Bee Wines, MARTIN BROTHERS Winery, Medovina, Moonshine Meadery, Real Beer, Redstone Meadery, Rosewood Estates Winery, Schramms Mead, The Honey Wine Co. LLC, WANDERING BARD MEADERY, and Wild Blossom Meadery and Winery among others.

What will the Honey Wine Market Size be During the Forecast Period?

Honey Wine Market Size

Download the Free Report Sample to Unlock the Honey Wine Market Size for the Forecast Period and Other Important Statistics

 

Honey Wine Market: Key Drivers, Trends, and Challenges

The health benefits of wine is notably driving the honey wine market growth, although factors such as campaigns against alcohol consumption may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the honey wine industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Honey Wine Market Driver

One of the key factors driving the global honey wine industry growth is the health benefits of wine. Some of the health benefits associated with the consumption of wine are as follows:

  • Wine promotes longevity. It is estimated that wine drinkers have a 34% lower mortality rate than beer or spirit drinkers.
  • It reduces the risk of a heart attack and the risk of heart disease.
  • It helps in reducing the risk of type 2 diabetes.
  • It helps in lowering the risk of stroke.
  • It also helps in reducing the risk of colon cancer, and it also slows brain decline.

Hence, owing to these factors, demand for honey wine is expected to increase during the forecast period, and, thereby, driving the growth of the market in focus.

Key Honey Wine Market Trend

Increasing use of online sales channels is one of the key honey wine market trends that is expected to impact the industry positively in the forecast period. Consumers are more comfortable with online shopping, wherein they can compare prices of alcoholic beverages such as honey wine. This will also create new opportunities for vendors where they can target customers without geographical boundaries, improve operational efficiencies, and provide customized products to consumers. Vendors that manufacture wine can sell their products online and offer lucrative and competitive pricing to customers. They can add videos on the online platform and present their products in a more attractive way. Also, an online sales platform eliminates middlemen such as distributors and enables vendors to offer products at competitive prices while maintaining their profit margins. Such factors will further support the market growth in the coming years.

Key Honey Wine Market Challenge

One of the key challenges to the global honey wine industry growth is the campaigns against alcohol consumption. The growing incidence of alcohol abuse and alcohol-related accidents, especially among the younger population, has led to many regulatory and social organizations launching campaigns against alcohol consumption. In October 2021, Gaon Connection collaborated with the WHO to initiate campaigns against alcohol abuse in Goa. The excessive consumption of alcohol can affect the physical and mental well-being of people. For instance, it can cause blackouts, seizures, drowsiness, hypothermia, vomiting, diarrhea, bleeding, and irregular heartbeat. The long-term consumption of alcohol can cause mental issues, heart problems, and liver failure. Such factors may hamper the growth of the market in focus during the forecast period.

This honey wine market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global honey wine market as a part of the global brewers market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the honey wine market during the forecast period.

Who are the Major Honey Wine Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • B. Nektar Meadery
  • Bored Beverages
  • Brothers Drake Meadery
  • Cerana Meads
  • Etowah Meadery Corp.
  • Humble Bee Wines
  • MARTIN BROTHERS Winery
  • Medovina
  • Moonshine Meadery
  • Real Beer
  • Redstone Meadery
  • Rosewood Estates Winery
  • Schramms Mead
  • The Honey Wine Co. LLC
  • WANDERING BARD MEADERY
  • Wild Blossom Meadery and Winery

 

This statistical study of the honey wine market encompasses successful business strategies deployed by the key vendors. The honey wine market is fragmented and the vendors are deploying growth strategies such as the expansion of distribution channels to compete in the market.

Product Insights and News

  • B. Nektar Meadery - The unified segment of the company offers products such as craft mead, cider, and beer.
  • Brothers Drake Meadery - The company offers wild Ohio honey wine which has been a traditional mead made from local raw wildflower honey, water, and yeast, thus available as a drink to have during lunch or dinner.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The honey wine market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Honey Wine Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the honey wine market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Honey Wine Market?

Honey Wine Market Market segmentation by region

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29% of the market's growth will originate from Europe during the forecast period. France and Germany are the key markets for honey wine in Europe. However, market growth in this region will be slower than the growth of the market in other regions.

The increased consumption of alcoholic beverages, such as honey wines and beers, by millennials especially women, will facilitate the honey wine market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 moderately affected the growth of the regional market, owing to a decline in the sales of alcoholic beverages, such as honey wine. However, in 2021, the reopening of liquor stores, restaurants, cafes, and other retail channels helped in improving the regional demand for wine, including honey wine. These factors are expected to result in the steady growth of the regional honey wine market during the forecast period.

What are the Revenue-generating Distribution Channel Segments in the Honey Wine Market?

Honey Wine Market Segmentation

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The honey wine market share growth by the off-trade segment will be significant during the forecast period. Honey wine retailers and market vendors are opening new stores in local and regional markets to fuel sales through off-trade channels. Retailers are adopting new business and retail strategies, such as better pricing and wider assortments, to sustain in such a competitive market and deal with the declining preference for off-trade shopping. Such factors will drive segment growth in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the honey wine market size and actionable market insights on post COVID-19 impact on each segment.

 

Honey Wine Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 9.7%

Market growth 2022-2026

$ 317.31 million

Market structure

Fragmented

YoY growth (%)

9.3

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 29%

Key consumer countries

US, Canada, China, France, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

B. Nektar Meadery, Bored Beverages, Brothers Drake Meadery, Cerana Meads, Etowah Meadery Corp., Humble Bee Wines, MARTIN BROTHERS Winery, Medovina, Moonshine Meadery, Real Beer, Redstone Meadery, Rosewood Estates Winery, Schramms Mead, The Honey Wine Co. LLC, WANDERING BARD MEADERY, and Wild Blossom Meadery and Winery

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Honey Wine Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive honey wine market growth during the next five years
  • Precise estimation of the honey wine market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the honey wine industry across Europe, North America, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of honey wine market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Distribution Channel

  • 5.1 Market segments
    • Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)
  • 5.2 Comparison by Distribution Channel
    • Exhibit 26: Chart on Comparison by Distribution Channel
    • Exhibit 27: Data Table on Comparison by Distribution Channel
  • 5.3 Off-trade - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Off-trade - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Off-trade - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Off-trade - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Off-trade - Year-over-year growth 2021-2026 (%)
  • 5.4 On-trade - Market size and forecast 2021-2026
    • Exhibit 32: Chart on On-trade - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on On-trade - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on On-trade - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on On-trade - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Distribution Channel
    • Exhibit 36: Market opportunity by Distribution Channel ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 Europe - Market size and forecast 2021-2026
    • Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.4 North America - Market size and forecast 2021-2026
    • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 France - Market size and forecast 2021-2026
    • Exhibit 66: Chart on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on France - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on France - Year-over-year growth 2021-2026 (%)
  • 7.10 Germany - Market size and forecast 2021-2026
    • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.11 China - Market size and forecast 2021-2026
    • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.12 Canada - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 Brothers Drake Meadery
    • Exhibit 89: Brothers Drake Meadery - Overview
    • Exhibit 90: Brothers Drake Meadery - Product / Service
    • Exhibit 91: Brothers Drake Meadery - Key offerings
  • 10.4 Etowah Meadery Corp.
    • Exhibit 92: Etowah Meadery Corp. - Overview
    • Exhibit 93: Etowah Meadery Corp. - Product / Service
    • Exhibit 94: Etowah Meadery Corp. - Key offerings
  • 10.5 MARTIN BROTHERS Winery
    • Exhibit 95: MARTIN BROTHERS Winery - Overview
    • Exhibit 96: MARTIN BROTHERS Winery - Product / Service
    • Exhibit 97: MARTIN BROTHERS Winery - Key offerings
  • 10.6 Medovina
    • Exhibit 98: Medovina - Overview
    • Exhibit 99: Medovina - Product / Service
    • Exhibit 100: Medovina - Key offerings
  • 10.7 Moonshine Meadery
    • Exhibit 101: Moonshine Meadery - Overview
    • Exhibit 102: Moonshine Meadery - Product / Service
    • Exhibit 103: Moonshine Meadery - Key offerings
  • 10.8 Redstone Meadery
    • Exhibit 104: Redstone Meadery - Overview
    • Exhibit 105: Redstone Meadery - Product / Service
    • Exhibit 106: Redstone Meadery - Key offerings
  • 10.9 Rosewood Estates Winery
    • Exhibit 107: Rosewood Estates Winery - Overview
    • Exhibit 108: Rosewood Estates Winery - Product / Service
    • Exhibit 109: Rosewood Estates Winery - Key offerings
  • 10.10 The Honey Wine Co. LLC
    • Exhibit 110: The Honey Wine Co. LLC - Overview
    • Exhibit 111: The Honey Wine Co. LLC - Product / Service
    • Exhibit 112: The Honey Wine Co. LLC - Key offerings
  • 10.11 WANDERING BARD MEADERY
    • Exhibit 113: WANDERING BARD MEADERY - Overview
    • Exhibit 114: WANDERING BARD MEADERY - Key offerings
  • 10.12 Wild Blossom Meadery and Winery
    • Exhibit 115: Wild Blossom Meadery and Winery - Overview
    • Exhibit 116: Wild Blossom Meadery and Winery - Product / Service
    • Exhibit 117: Wild Blossom Meadery and Winery - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 118: Inclusions checklist
    • Exhibit 119: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 120: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 121: Research methodology
    • Exhibit 122: Validation techniques employed for market sizing
    • Exhibit 123: Information sources
  • 11.5 List of abbreviations
    • Exhibit 124: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Honey Wine Market market growth will increase by $317.31 million during 2022-2026.
The honey wine market market is expected to grow at a CAGR of 9.7% during 2022-2026.
Technavio has segmented the honey wine market market by distribution channel (off-trade and on-trade) and geography (Europe, North America, APAC, South America, and Middle East and Africa).
B. Nektar Meadery, Bored Beverages, Brothers Drake Meadery, Cerana Meads, Etowah Meadery Corp., Humble Bee Wines, MARTIN BROTHERS Winery, Medovina, Moonshine Meadery, Real Beer, Redstone Meadery, Rosewood Estates Winery, Schramms Mead, The Honey Wine Co. LLC, WANDERING BARD MEADERY, Wild Blossom Meadery and Winery are a few of the key vendors in the honey wine market market.
Europe will register the highest growth rate of 29% among the other regions. Therefore, the honey wine market market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Canada
  • China
  • France
  • Germany
The key factors driving the honey wine market market growth are:
  • Health benefits of wine
  • Increasing use of online sales channels
The honey wine market market vendors should focus on grabbing business opportunities from the off-trade segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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