Wine Market To Escalate with CAGR 3.23% By 2025: Key Players Operating Are E. & J. Gallo Winery, Conchay Toro, The Wine Group, Bacardi Limited, Constellation Brands, Pernod Ricard, Treasury Wine Estates

Global Wine Market was valued at US$ 296.3 Billion in 2016, according to the Global Wine Market Report by Product Type (Still Wine, Sparkling Wine, Fortified Wine), by Color Type (Red Wine, White Wine, Rose Wine) published by Worldwide Market Reports. The wine market is anticipated to exhibit a CAGR of 3.23% during the forecast period (2017-2025).

Major companies discussed in the report include:
• Treasury Wine Estates
• E&J Gallo Winery
• Pernod Ricard
• LVMH
• Caviro
• Cantine Riunite & CIV
• Italiano Vini
• Codorníu

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Key Trends and Analysis of the Wine Market:

• Asia Pacific is pegged to be the fastest growing market for wine owing to increasing middle income population, rising disposable income and evolving lifestyle pattern in the region. Countries such as China and India stands to be the fastest growing markets in the region as imports continue to rise from Europe and Americas, whereas Japan has witnessed slowdown in sales due the maturity of the market.

• Baby boomers remains the major consumers of wine and although the market for millennials is small, there is rising demand for wine amongst them. This age group are willing to try out new things are looking for substitute for beer and spirits which is further enhancing the growth of the market. Additionally, the focus on healthy lifestyle by this generation has further resulted in the growing demand for organic wine. The process of growing grapes without the use of harmful chemicals such as herbicides and fungicides offers better health benefits and has resulted in creating a niche market for organic wine manufacturers.

• In terms of pricing, mid-range segment stands to be the most preferred option among the consumers with many shifting from the economic price range. The premium segment is mostly catered by the high income urban customers with countries such as the US and China being the leading countries in this segment.

• Rise in government tax is also play an important factor in the growth of wine market. For instance, the proposal to change the tax structure of alcohol based drinks in Australia will impact the pricing of wine as price of cheaper wine will increase with the new tax structure. Additionally, new excise tax set by the government of Thailand and Russia in 2017 will increase the price of imported wine which will impact the sale of wine in these countries. Owing to the ongoing increase in price of wine post Brexit, the price of wine is further expected to rise in UK owing to 3.9% rise in alcohol duty in 2017.

• Product innovation stands to be one of the major factor driving the growth of the market. For instance, a new botanic garden wine label was launched in 2016 in partnership with Botanic Gardens of South Australia, National Wine Centre, and Jacob's Creek winemakers. Additionally, wine infused with marijuana is also being sold in the US market to offer new varieties and flavors to customers.

• With the growing demand for wine, several small and private label brands are increasing their market presence as several retailers and full service restaurants offer their own private label brands to customers due to the high profit margin offered by the private brands. For instance, leading retail chains such as Tesco and Walmart offer their own range of wine catering to its customer groups and offering stiff competition to the branded wine companies. Consumers are increasingly opting for these brands as they are priced much lower than branded wine.

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The report on Global Wine Market is a comprehensive documentation that covers all the aspects of a market study and provides a concise conclusion to its readers.
The following segmentation types are included in the report:
• Product Type Segmentation (Price below 4 USD/L, Price 4-8 USD/L, Price over 8 USD/L)
• Industry Segmentation (Daily Meals, Social Occasions, Entertainment Venues, , )
• Channel (Direct Sales, Distributor) Segmentation

Regional analysis of any market can give a detailed overview of regions which have more business opportunities, revenue generation potential and a forecast of next few years. For any new business establishment or business looking to upgrade and make impactful changes in their businesses, this particular section in a market report is very important. In this Global Wine Market report, the region highlighted the most is North America. For many markets this region is of extreme importance.

This report gives detailed information of market size and price of this region and other important regions like
Following regions are covered in Global Wine Market Industry report:
• North America Country (United States, Canada)
• South America
• Asia Country (China, Japan, India, Korea)
• Europe Country (Germany, UK, France, Italy)
• Other Country (Middle East, Africa, GCC)

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