Given that inflationary pressures are unlikely to reduce significantly over the forecast period wine is expected to register overall volume and current value decline, exacerbated by price increases in the category.
Other than classic wine production countries such as France and the United States, wines from countries like Australia, Africa and Chile are set to contribute to the local wine category across the forecast period. Growth from Chile and Australia will be essential as these countries rapidly develop more wineries.
Despite Taiwanese consumers being receptive to local wines, the growth of local vineyards and wine brands will remain limited by a number of factors. Taiwan’s hot and humid subtropical climate makes it difficult to grow good quality grapes, as the temperature produces grapes with high acidity and low sugar levels.
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Understand the latest market trends and future growth opportunities for the Wine industry in Taiwan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Wine
This is the aggregation of still and sparkling light grape wines, fortified wine and vermouth and non-grape wine. In terms of alcohol content, light wine usually falls into the 8-14% ABV bracket while fortified wine ranges from 14-23% ABV. Low and non-alcoholic wine is also included in the data (attributed to each sector as appropriate).
See All of Our DefinitionsThis report originates from Passport, our Wine research and analysis database.
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