In this piece, we will take a look at the five countries that produce the best wine in the world. For more countries, take a look at 12 Countries That Produce the Best Wine in the World.
5. Commonwealth of Australia
Wine Exports as of 2021: $1.69 billion
The Commonwealth of Australia, or simply Australia, is one of the oldest regions in the world, with the first settlements dating as far back as 65,000 years ago. Its domestic wine market is worth billions of dollars, and wine is also a major Australian export. The country has dozens of wine making regions, and like in the U.S., the wines are marked with labels revealing their grape origins. A well known Australian wine is the Penfolds Grange Hermitage, and it is owned by Australia’s second largest wine maker Treasury Wine Estates Limited (ASX:TWE.AX). Treasury Wine Estates has a AU$9.6 billion in market capitalization, and the largest Australian wine company is Endeavour Group Limited (ASX:EDV.AX) which is valued at AUD$11.8 billion. Other Australian wine stocks are LARK Distilling Co. Ltd. (ASX:LRK.AX) and Australian Vintage Ltd (ASX:AVG.AX).
4. Republic of Chile
Wine Exports as of 2021: $1.96 billion
The Republic of Chile is a South American country that is located close to Antarctica. Its wine industry dates back to the 16th century, during the time of the Spanish Empire. Wine is grown in five Chilean regions, which are then subdivided into subregions. Chile’s largest wine making region is the Central Valley, which also uses technology to make up for some natural land deficits that impact wine quality. The country’s largest publicly owned wine company is Viña Concha y Toro S.A. (SSE:CONCHATORO.SN), which is headquartered in Las Condes and was set up in 1883.
3. Kingdom of Spain
Wine Exports as of 2021: $3.48 billion
The Kingdom of Spain is a European country that traces its roots as far back as 42,000 years ago. It has one of the world’s largest economies, worth $2.2 trillion. Spain is one of the largest wine producers in the world, and it also has the largest planted region in the world. The Spanish wine industry is mostly private, and old players that are family owned dominate the industry. Some of these big ticket names are Grupo Freixenet, Grupo Codorníu, Grupo Codorníu, and J. García Carrión. All of these have revenues in hundreds of millions of dollars. Additionally, a publicly held Spanish wine company is Bodegas Riojanas, S.A. (BME:RIO.MC) with a EUR17.9 million market capitalization.
2. Italian Republic
Wine Exports as of 2021: $8.4 billion
The Italian Republic is a highly developed European country that is also a great power in the modern day world. It is also the largest wine producer in the world, and Italian wine traces its history back to the era of the Ancient Greeks. The country’s climate is suitable for wine making, and the drink is produced in each of its twenty administrative regions. Italy has hundreds of grape varieties from which wine is produced, with Nebbiolo, Sangiovesse, and Aglianico considered the most popular. Italian wine companies with publicly traded shares include Davide Campari-Milano N.V. (BIT:CPR.MI), Masi Agricola S.p.A. (BIT:MASI.MI), and Italian Wine Brands S.p.A. (BIT:IWB.MI). Davide is the largest with a EUR11.4 billion market capitalization. However, these are not the only ones, with the Antinori family’s Antinori wine company being one of the most well known and oldest in Italy.
1. French Republic
Wine Exports as of 2021: $13 billion
The French Republic, or France, is a rich European country with a $3.6 trillion GDP. It has one of the oldest wine industries on the planet and is also responsible for introducing the beverage to other countries such as Australia and New Zealand. Additionally, France is also one of the largest wine making regions in the world. It lays claim to one of the most valuable wine companies in the world, Pernod Ricard SA (EPA:RI.PA), which has EUR48.4 billion in market capitalization. Additionally, the French firm LVMH Moet Hennessy Louis Vuitton SE (EPA:MC)’s Hennessy Champagne is one of the most admired wines in the world. Other French wine companies include Rémy Cointreau SA (EPA:RCO.PA) and Oeneo SA (EPA:SBT.PA).
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