Grapes Market Size

Grape Market Analysis

The Grapes Market size is estimated at USD 215.17 billion in 2024, and is expected to reach USD 303.20 billion by 2029, growing at a CAGR of 7.10% during the forecast period (2024-2029).

• Grapes are one of the largest fruit crops, and table grapes are one of the major types of grapes grown worldwide, which are the fresh-consumed grapes. According to the International Organization of Viticulture and Oenology (IOVE), the world's vineyard area has stabilized at 9.5-10.0 million hectares, and grape production has consistently increased to 60-70 million metric tons per year in recent years. Almost 80-90% of the total volume of grapes produced in the world is used for processing and manufacturing wine, juices, and other goods, while up to 10% is consumed fresh and the remaining 5-6% is used for drying.
• The demand for table grapes is growing globally, particularly in Asia-Pacific, the Middle East, and Russia. As per the Food and Agriculture Organization, the global production of fresh grapes, including table grapes, reached 78.03 million metric tons in 2020, which has increased from 77.00 million metric tons in 2019. Hence, increased production is anticipated to create an attractive market for grape growers globally due to the increased demand from various consumers.

The major exporters of grapes in the international market include Chile, China, Italy, and Peru. In 2021, the top three grape-importing countries-the United States, Germany, and the Netherlands-imported around 32% of the grapes traded globally. Most countries in the European region import table grapes, while countries like Italy have huge acreage under vineyards for the production of wine. Most of the world's finest-quality wines are produced in European countries.