PROSPECTS AND OPPORTUNITIES
Continuing growth over forecast period
Wine will register further healthy volume growth over the forecast period, with the same dynamics supporting volume growth over the forecast period. Also, as in 2024, still white wine will gain the most volume share, largely due to its immaturity compared with still red wine.
Local wineries look to make their mark
For several years, the Dominican Government, through the Special Fund for Agricultural Development (FEDA), has been promoting the production of wines, with production mainly located in Neyba, Bahoruco province. Authorities have also signed cooperation agreements with both Italy and Argentina governments to strengthen training on wine production, as well as to promote technical cooperation between the Dominican Republic and these countries.
Wine shops will drive growth
Food/ drink/tobacco specialists will gain further volume share over the forecast period, with further outlets opening, including by wine importers that are also opening retail outlets. These outlets often hold wine tasting events, which enables consumers to become more knowledgeable about wine and this will also support growth.
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Overview:
Understand the latest market trends and future growth opportunities for the Wine industry in Dominican Republic with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Wine industry in Dominican Republic, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty
The Wine in Dominican Republic report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Wine in Dominican Republic?
- Where is consumer demand for Wine focussed?
- Which is being consumed more; beer, wine or spirits?
- Where is demand growing? Stagnating?
- How is the operating environment for alcoholic drinks changing?
- Which are the leading brands in Dominican Republic?
- How are products distributed in Dominican Republic?
- What are the key trends in new product development?
- Do consumers want value for money or added value?
- How will macroeconomic context and shifting cultural values shape future growth?
- How will COVID-19 and recession impact the alcoholic drinks industry?
- Where is future growth expected to be most dynamic?
Wine in Dominican Republic - Category analysis
KEY DATA FINDINGS
Double-digit volume growth in 2024
Wine fairs, tastings and promotions by retailers boost growth
Wine shops and modern grocery retailers lead distribution
Continuing growth over forecast period
Local wineries look to make their mark
Wine shops will drive growth
Alcoholic Drinks in Dominican Republic - Industry Overview
Alcoholic drinks in 2024: The big picture
2024 key trends
Competitive landscape
Retail developments
On-trade vs off-trade split
What next for alcoholic drinks?
Legislation
Legal purchasing age and legal drinking age
Drink driving
Advertising
Smoking ban
Opening hours
On-trade establishments
TAXATION AND DUTY LEVIES
Contraband/parallel trade
Duty free
Cross-border/private imports
Outlook
DISCLAIMER
The following categories and subcategories are included:
Wine
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- Port
- Sherry
- Vermouth
- Other Fortified Wine
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- Apple Wine
- Bokbunjaju
- Cheongju
- Chinese Wine
- Economy Rice Wine
- Fortified Fruit Wine
- Fruit and Berry Wine
- Fruit and Herbal Wine
- Fruit and Honey based Wine
- Fruit Wine
- Lower Mid-Range Rice Wine
- Non-Grape Dessert Wine
- Premium Rice Wine
- Sake
- Takju
- Upper Mid-Range Rice Wine
- Yakju
- Yellow Wine
- Other Non-Grape Wine
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- Champagne
- Other Sparkling Wine
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- Still Red Wine
- Still Rosé Wine
- Still White Wine
- Non Alcoholic Wine
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 definitionsWhy buy this report?
- Gain competitive intelligence about market leaders.
- Track key industry trends, opportunities and threats.
- Inform your marketing, brand, strategy and market development, sales and supply functions.
This report originates from Passport, our Wine research and analysis database.
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