SAN FRANCISCO, October 16, 2018 /PRNewswire/ --
Global Wine Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Wine is termed as an alcoholic beverage produced with the fermented juice of grapes. Other fruits like plums, apples, cranberries may be used for making wine. However, grapes are preferred exclusively across the world as it contains higher levels of sugar which translate to a stronger wine and specific acid found in grapes preserves the juice for decades. Growth in population consuming wine, growing income, and changing lifestyle are documented as major factors of Wine Market that are estimated to enhance the growth in the years to come. However, increasing cost of wine due to high production cost may restrain overall market growth in the coming years. Wine Market is segmented based on type, distribution channel, and region. Still wine and sparkling wine are the types that could be explored in Wine in the forecast period. Still wine sector comprise white wine, rose wine, and red wine. Still wine sector may account for the substantial market share of Wine and is estimated to lead the overall market in the coming years. The market may be categorized based on distribution channels like convenience stores, supermarket & hypermarket, specialist retailers, on-trade, and others.
Supermarket & hypermarket sector may account for the substantial market share of Wine and is estimated to lead the overall market in the coming years. Wine Market is segmented geographically into Americas (North America, South America, and Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Latin America (Mexico, Argentina, and Brazil), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa). Globally, North America and Europe are estimated to hold the majority market share of Wine in the coming years. The reason behind the overall market growth could be increasing grape production and high demand from the populace of the region. The United States is a major consumer in North American region with high market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The key players of Wine Market are Viña Concha y Toro, Accolade Wines, Treasury Wine Estates, Constellation Brands, Torres, E. & J. Gallo Winery, The Wine Group, Distell Group, Soyuz-Victan, and International Beverage Holdings. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.
Access research report with TOC on "Wine Market" available with Radiant Insights, Inc. at https://www.radiantinsights.com/research/global-wine-market-2021
This publication enables readers the critical perspectives to be able to evaluate the world market for wines.
The publication provides the market size, growth and forecasts at the global level as well as for the following countries:
Angola, Argentina, Armenia, Australia, Austria, Azerbaijan, Bangladesh, Belgium, Bolivia, Bosnia Herzegovina, Bulgaria, Canada, China, Colombia, Croatia, Cyprus, Czech Republic, Denmark, Ecuador, Estonia, Ethiopia, Finland, France, Georgia, Germany, Greece, Hungary, India, Indonesia, Ireland, Italy, Japan, Kazakhstan, Kyrgyzstan, Lebanon, Lithuania, Luxembourg, Malaysia, Malta, Mexico, Moldova, Mongolia, Montenegro, Morocco, Norway, Paraguay, Peru, Philippines, Poland, Romania, Senegal, Serbia, Slovakia, Slovenia, South Korea, Spain, Sweden, Thailand, Turkey, Ukraine, United Kingdom, United States, Uruguay, Vietnam.
The market data covers the years 2010-2021. The major questions answered in this comprehensive publication include:
• What is the global market size for wines?
• What is the wine market size in different countries around the world?
• Are the markets growing or decreasing?
• How are the markets divided into different kinds of products?
• How are different product groups developing?
• How are the markets forecast to develop in the future?
The market information includes the total market size for wines as well as the market size and trends for the following kinds of products:
• Sparkling grape wines
• Other grape wines
• Unfermented grape must
• Vermouth and other flavoured grape wines
• Other fermented beverages
The publication is designed for companies who want to gain a comprehensive perspective on the global wine market. This publication makes it easy to compare across different countries and product groups to be able to find new market opportunities and make more profitable business decisions.
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