Market Profiles
Market Profiles
Segment Description | Annual Growth | Competitive Intensity | Customer Characteristics | Customer example | How are they meeting needs today? | Key trends | Location / Geography | Market size | Needs, motivations, issues to solve | Purchase Process | Segment |
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Consumers forming a relationship with the wine maker | ? | ? | wine buyers who like to buy wine from the vineyard on a yearly basis | Me, wine enthusiasts | Email lists, membership lists | social tokens, BAYC able to create new artworks (or buy new wines) | Global | ? | Want access to buy from the vineyard, d2c, every vintage | Sign-up, hopefully you can get on the list (usually not), though you can buy the wine | Wine relationship |
Distributors wanting to sell more & distribute less | Wine distributors, selling wine online through marketplace, websites, industry | MS Cellars, Langtons (AU) | Advertising, bulk trading, loyal customer discounts | Loyalty discounts, membership, curated wine | Global | Wine market size $417.85 billion + CAGR = 6.4% Off-trade accounts for 89% in 2020 (shops, etc, not in-store) Europe led at 46% https://www.grandviewresearch.com/industry-analysis/wine-market#:~:text=The wine market size was,USD 685.99 billion by 2028. | Sell more wine Sell cheaper Automate more less work, less taxes | Find online, any website | Wine Distributor | ||
Buying wine and NFT to extend wine in the metaverse | Only 2021 | Low | Web 3.0 enthusiast, crypto-native wine collector | Any customers buying bitwine or on WIVA | Buying NFT’s | Artworks | Global | 16 Million USD 2nd half of 2021 | Represent physical world in the metaverse | Opensea / Immutable / NFT marketplaces | Wine Buyer in Crypto |
Technology to sell to a different market in new ways | Forward-thinking wine maker, interest in technology, open to try new things, concern for authenticity | Penfolds Faiveley Benjamin Leroux | Current mechanisms working (distributor, b2b sales, very few d2c sales) | * D2C * Organic * Sustainable * NFT | Globally where vineyards. Countries embracing technology include 1. France 2. Australia 3. Israel | searching for mechanisms to ensure authenticity & curious to find where the wine travels too. Wants commission on secondary sale | Internet research | Wine Maker | |||
Wine linked to the blockchain for provenance and authenticity for traders | 6.4% | High | Wine trading house like BBR in London, CellarIt in Sydney, | In comments - most in HK or UK | Wine houses like BBR buy directly from vineyard/distributor and cellar. All wine stays at BBR, thus inherent authenticity. Cellarit cellars wines from individuals, no auth or provenance guaranteed | Cellaring websites offer wine sales for cellared wines No real auth/provenance available No cross-cellar auth/provenance No real way to track wine health No global player | Concentrated geographies * London * Hong Kong | Wine market size $417.85 billion + CAGR = 6.4% Off-trade accounts for 89% in 2020 (shops, etc, not in-store) Europe led at 46% https://www.grandviewresearch.com/industry-analysis/wine-market#:~:text=The wine market size was,USD 685.99 billion by 2028. | Wine traders need to know the wine they’re buying is authentic, with good provenance and kept at a good temperature to ensure value & Wine trading houses wanting to offer these services to their customers | 1. Website 2. Delivery/Cellar buy 3. | Wine Trading |