Market Overview
The Russia wine market was valued at USD 9.50 Billion in 2024 and is projected to reach USD 15.40 Billion by 2033, growing at a CAGR of 5.60% during the forecast period of 2025-2033. The market growth is driven by increased domestic production, expanded retail channels, changing consumer drinking habits, and supportive government policies such as subsidies and tax breaks favoring domestic wines. The promotion of locally produced wines and rising consumer demand for quality and organic options are also aiding the market expansion.
Study Assumption Years
- Base Year: 2024
- Historical Years: 2019-2024
- Forecast Period: 2025-2033
Russia Wine Market Key Takeaways
- The Russia wine market size was USD 9.50 Billion in 2024.
- The market is expected to grow at a CAGR of 5.60% from 2025 to 2033.
- By 2033, the market is forecasted to reach USD 15.40 Billion.
- Growth is supported by increased domestic wine production and expanded retail channels.
- Government incentives such as subsidies for vineyard development and tax breaks for winemakers favor domestic wines.
- Changing consumer preferences towards quality, organic, and natural wines are boosting demand.
- Expansion of wine tourism in regions like Krasnodar Krai and Crimea is raising local wine appreciation.
Sample Request Link:
https://www.imarcgroup.com/Russia-Wine-Market/requestsample
Market Growth Factors
The growth of the Russian wine market benefits from the growth of Russian domestic production, helped by government subsidies to fund the establishment of new vineyards and provide tax benefits. Wine tariffs have been successfully raised by 20%, and will be valid to 31 December 2024. Increasing investment and development of vineyard holdings with winemaking grape technology has displaced imported grapes. These efforts have increased the share of domestic brands in the market, with the support of the government.
As the world becomes more connected, wine is becoming a more common drink for young urban consumers to drink instead of spirits. There is a growing demand for quality, diversity, organic and natural wine. Health-conscious consumers' desire for low-alcohol and natural products has caused organic and biodynamic wine to grow, as well as the general trend towards a more experiential way of engaging with wine.
Wine tourism in Russia, particularly in the foremost two wine regions of Krasnodar Krai and Crimea, is steadily increasing, and demand for wines produced by wine estates in these two regions is increasing too, as vineyard visits are combined with tastings that promote local wine and culture. Forums and expos such as the 2024 RUSSIA EXPO session "Wine Tourism and Regional Development" provide platforms for wineries, government agencies and area specialists to discuss the issue.
Market Segmentation
Analysis by Product Type:
- Still Wine: Dominates the market with red, white, and rosé selections, favored for adaptability with various cuisines. Russian producers are expanding premium and mid-range still wine offerings with local grape varieties.
- Sparkling Wine: Growing in popularity for celebrations; includes locally produced varieties from Crimea and Krasnodar and imported Champagne. Semi-sweet and brut styles are common for social events.
- Fortified Wine and Vermouth: Niche but important segment known for longer shelf life and strong flavors, appealing to traditional and modern consumers.
Analysis by Color:
- Red Wine: The most consumed color category, favored for bold flavors and cultural ties to traditional dining. Widely used in family and social events.
- Rosé Wine: Increasingly popular among younger consumers seeking a light and refreshing option, especially suitable for warm weather.
- White Wine: Strong market presence for those preferring crisp, aromatic wines. Popular in summer and pairs well with seafood and poultry. Investments in quality white grape varieties have broadened dry and semi-sweet options.
Analysis by Distribution Channel:
- Off-Trade: Dominates market with supermarkets, hypermarkets, specialty stores, online stores, and others. Convenience, competitive pricing, and wide selections attract consumers.
- On-Trade: Includes restaurants, bars, hotels, and cafes, important for premium and high-end wines, thriving in urban centers with expanding fine dining culture.
Request Customization:
https://www.imarcgroup.com/request?type=report&id=25396&flag=E
Regional Insights
The Central District, encompassing Moscow and surrounding areas, is the largest and most influential wine market in Russia. This region boasts a well-developed retail infrastructure and strong presence of domestic and imported wines. It leads wine consumption, supported by economic and cultural prominence, and drives the overall market demand in the country.
Recent Developments & News
- November 2024: Russian winemakers proposed the creation of a BRICS wine union to promote products in foreign markets and improve operations.
- November 2024: The Russian Wine Forum was held in Moscow, sponsored by the Roscongress Foundation and the Association of Winegrowers and Winemakers of Russia with government support.
- September 2024: A wine exhibition at Moscow’s VDNKhA All-Russian Exhibition Centre showcased wines from throughout Russia.
- August 2024: Russia announced plans to import sparkling wine from India and Prosecco from Brazil to diversify available products.
- February 2024: Abrau-Durso released a unique sparkling wine, Cuvée Alexander II, aged over ten years, alongside a young wine from 2022.
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us
IMARC Group,
134 N 4th St. Brooklyn, NY 11249, USA,
Email: sales@imarcgroup.com,
Tel No: (D) +91 120 433 0800,
United States: +1-201971-6302
