The developing economy and increasing disposable income have a major impact on the red wine market. The increased demand for alcoholic beverages imparting low-calories is also driving the market for red wine. A wide variety available in the red wine type is found to support the growth of the red wine market on a global platform. An increased focus on research and development has led to product innovations and fortifications in wine varieties. This has further given a boost to the red wine market. Furthermore, the increasing demand for fermented alcoholic beverages is further supporting the growth of the global red wine market. Additionally, improvisations in the production process and development of innovative products from major key players are expected to influence the high growth of the global red wine market during the forecast period, 2017 to 2023.
