As per this study the Global Wine Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
Wine is an alcoholic drink and has been produced for thousands of years. It is usually made from grapes through the fermentation process. In this process, yeast consumes the sugar from the sugar and convert it into ethanol, carbon dioxide, and heat. Other than grapes, wines are also produced from rice and fruits such as plum, cherry, pomegranate, currant, and elderberry. Wines have been produced in different varients such as Red wine, White wine, Sparkling wine, and others.
The rise in count of alcohol consumers with a rising demand of wine from the millennial population is driving the market growth. Rise in disposable income, changing lifestyle with shifting consumer preference towards low-calorie alcohol is also supporting the growth of the wine market. In addition, health benefits associated with wine are reduced risk of heart attack, diabetes, cataract, cancer and lowers cholesterol are escalating the market demand. Despite this, the availability of craft beer and spirits is likely to hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of wine.
The broad wine market has been sub-grouped into taste, style, color and body type
. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Dry Wine
- Medium Wine
- Sweet Wine
- Still Wine
- Sparkling Wine
- Dessert Wine
- Fortified Wine
By Body Type
- Red Wine
- White Wine
- Rose Wine
- Light Bodied
- Medium Bodied
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for wine in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Wine Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the wine market include Accolade Wines, Constellation Brands, E. & J. Gallo Winery, The Wine, Torres, Treasury Wine Estates, Vina Concha y Toro, and Distell. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.