In this article, we are going to talk about the 15 biggest wine companies in the world. You can skip our detailed discussion of the wine industry outlook and go directly to 5 biggest wine companies in the world.
There is nothing better than capping the day off with a glass (or bottle) of wine paired with your cheese platter. An average bottle of wine contains approximately 5.5% to 20% alcohol by volume. Research shows that wine has antioxidants that preserve your body against cardiovascular diseases. Of course, your health won’t rely on red wine alone. You would still have to discipline yourself with a balanced, clean, and healthy diet.
Wine is an alcoholic beverage produced by the fermentation of grapes or other fruit juice such as peach, apple, plums, and pineapple. Many things have changed since the days of grape stomping. Winemakers used to crush fresh grapes barefooted. This method of grape extraction can be traced back to the ancient Romans. But thanks to technology and AI-powered industrial machines, that method has become outdated.
Technology Revolution in the Wine Industry
Industry 4.0 has a lot to offer to the wine industry — from drones to monitoring technology for vineyards, from increasing production rate by machine-operated bottling and tracking the grape quality for years. For instance, DigitalGlobe (NYSE: DGI), a global leader in high-resolution imagery, and Consilium Technology have teamed up to develop Geospatial Artificial Intelligence for Agriculture, or GAIA. Wine Australia is utilizing this AI software to provide monitoring insights for vineyards across the country.
The most important parts of winemaking are the fermentation and maturation processes. Napa Valley’s Palmaz Vineyards are popularly known for their AI-powered fermentation process. The vineyard has an AI system called FILCS or Fermentation Intelligence Logic Control System that monitors and controls the temperature during the fermentation process. Palmaz Vineyard is surely the king in winemaking with a highly digital approach. If you’re interested in AI stocks, go ahead and check our topic about the Top 10 Robotics and Artificial Stocks to Buy.
The global wine industry is expected to grow at a compound annual growth rate (CAGR) of 6.06%, from $364.25 billion in 2019 to $444.93 billion by 2027. One of the most significant drivers in the anticipated growth of the wine market is the high demand of consumers buying through e-commerce platforms. This is mainly due to government-mandated lockdowns and alcohol restrictions that have affected buying behaviors of consumers.
According to data from Tridge, the global export value of the wine industry is $24.88 billion. France is the leading exporter of wine globally with a 27.37% export share valued at $6.81 billion. Among the top exporters are Italy (19.89%), Spain (7.71%), and Australia (6.61%). On the other hand, the U.S. is the top importer of wine globally with an import share of 18.24% valued at $4.74 billion. Among the other top countries that import wine include the United Kingdom (10.75%), China (8.53%), and Germany (7.22%).
Some of the biggest wine producers are also the largest beer companies in the world. With the recent e-commerce trends in the liquor and alcoholic beverage industries, you might want to start watching these wine companies on our list.
To give you the best ranking of the biggest wine companies in the world, we reviewed the most recent wine revenues of each company. We also considered the market cap of publicly-traded wine companies for your reference. So let’s review the 15 biggest wine companies in the world.
15. Viña Concha y Toro S.A. (SSE: CONCHATORO.SN)
Revenue: $920 million
Headquarters: Santiago, Chile
Vina Concha manufactures a variety of premium wines in Chile and Argentina and distributes them globally, mainly in Europe, the U.S., Asia, and Africa. The company owns approximately 64 vineyards with a total land area of 11,400 hectares. In 2014, Concha y Toro launched a technological center, Centro de Investigation e Innovation (CII), where they developed AI projects and data-driven marketing.