Wine Market Global Research Report
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Wine Market Global Research Report
Wine Market Global Research Report by Type (Red Wine, White Wine, RosĂŠ Wine, Sparkling Wine and others), Packaging Type (Bottles and Cans), Distribution Channel (Food Service and Retail (Supermarkets & Hypermarkets, Specialty Stores and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2024
Key Players: The key players profiled in Covid-19 Analysis on Wine Market are Accolade Wines (U.K), Constellation Brands (U.K), E. & J. Gallo Winery (U.S.), Shanghai Torres Wine Trading Co. Ltd. (China), Treasury Wine Estates (Australia), Vina Concha y Toro (Chile), and Distell Group Limited (South Africa)
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Copyright Š 2017 Market Research Future.
Wine Market Global Research Report
Increasing population of alcohol consumers’ majorly belonging to age group of 19-25 is one of the major drivers influencing the sale of wine based on the unique formulation. Developing economy and increasing disposable income have a major impact on the wine market. Increased demand for premium alcohol is also driving the market for wine. Availability of various product types in wine supports the growth of wine market. Furthermore, high focus on research and development has led to innovations in wine varieties by experimenting with unique flavors, which has also fueled up the wine share in the global wine market. Innovation in fermentation process and inclusion of various ingredients for wine production has resulted in launch of various wine products. This has encouraged higher sales of wine globally. Growth in awareness related to wine products information among consumers through books and social media platforms has supported wine sales to a greater extent globally. Popularity of wine is also supported by wine tourism and special programs focused on the presentation of wine areas and variety wines with the authentic and clear origin.
Regional Analysis: The global wine market is segmented into North America, Europe, Asia Pacific and Rest of the World. Among the entire region, Europe is estimated to account for the major market proportion in the year of 2019. The region is estimated to retain its dominance throughout the forecast period of 2019-2023. U.K and Germany are the major consuming countries of wine in Europe. Presence of key manufacturers in the European countries is considered to be one of the significant reasons for the rising growth of wine. Also, key manufacturers are focusing in the new product development which in turn escalates the sales of wine in Europe. However, Asia Pacific region is expected to expand at a high growth rate during the forecast period of 2019-2023. China and India are collectively accounting for the 50% of the overall Asia Pacific market. The growth of the Asia Pacific region is anticipated to be driven by the increasing youth population coupled with the increasing disposable income of the consumers.
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Copyright Š 2017 Market Research Future.
Wine Market Global Research Report
Segmentation Global wine market has been divided into source, type, distribution channel, and region. On the Basis of Source: Grapes, Apple, and other Fruits On the Basis of Type: Red, White, and others On the Basis of Distribution Channel: Food Service and Food Retail On the Basis of Region: North America, Europe, Asia Pacific, and ROW
Intended Audience Manufacturers of wine Traders and distributors of wine Research and development institutes Potential investors Raw material suppliers Nationalized laboratories
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Copyright Š 2017 Market Research Future.
Wine Market Global Research Report
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Copyright Š 2017 Market Research Future.