Still Wine Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Still wine is a kind of table wine, which is specially treated to remove carbon dioxide, in order to make it non bubbly or fuzzy. Grapes are the most widely used raw material for still wine manufacturing. Manufacturing of still wine includes various processes such as sorting of raw material, crushing, maceration & pressing, fermentation, maturation, bottling, and bottle aging. Majority of wines are developed for immediate drinking, whereas some wines are manufactured to get benefits from bottle aging in optimum cellar conditions. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/1579 Increasing popularity of alcoholic beverages such as wine and beer in the high millennial population (above the legal drinking age) is expected to be the major factor for growth of the market. According to Millennial Engagement Initiative Report 2017, in 2014, over 36% of the U.S. workforce comprises millennial generation and nearly half (46%) of all the U.S. work force is projected to be millennial by 2020. Such factors are projected to create conducive environment for growth of the still wine market over the forecast period. Moreover, increasing investment by leading market players to expand wine production capacity to better serve the needs of local customers is an important factor for growth of the market. For instance, in November 2016, Accolade wines invested US$ 40 million into Berry Winery, to establish new packaging and glass bottling plant. The new facility possesses a bottling capacity of 8 million cases of wine annually. Government across various regions have imposed strict regulations on wine products. For instance, European Union established a set of allowed and not-allowed oenological practices. Under this practice, all wine imported into Europe needs to be certified. The certification and wine analysis report must be presented within single document. In addition to this, legislations such as allergen declaration, labelling & presentation, food laws, and various others are strictly imposed on wine. These factors could act as a restrain to the market growth.