White Wine Market Highlighting Lucrative Avenues Across Major Geographies during 2017-2022 || Key Players : Wine Group, Grupo Peñaflor S.A., Casella Family Brands, Accolade Wines Australia Limited,

 According to a recently-published report by Fact.MR, white wine is likely to lose its traction in the food & beverage industry for the time to come. By the end of 2022, the global market for white wines will have expanded at a listless pace of 3.5% CAGR, raking revenues worth just over US$ 46 Bn. Following insights will reveal how increasing awareness about inferior health benefits associated with white wine consumption will impede the growth of global white wine market, during the forecast period, 2017-2022.

 

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Consumers to Remain More Indulged in Riesling White Wine

While the overall market for white wine is anticipated to witness sluggish growth at less than 3.5% CAGR, manufacturers are still counting on product quality to improve their market standings. Companies are shifting their focus towards production of Riesling wines. In 2017, close to one-fifth share of global revenues is expected to come from sales of Riesling white wines. On the other hand, Gewürztraminer and Chardonnay will be two key products in the global white wines market that will showcase around 10% share on global revenues, individually, through 2022.

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Between 2017 and 2022, global sales of white wines through other retail formats will have created an incremental opportunity of more than US$ 1 Bn. On the same line, the report also predicts that modern trade outlets will continue to dominate the global market by being the largest sales channel for white wines.

 

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Nearly two-fifth of global white wine revenues will be amassed from sales of light-bodied white wines. By the end of 2022, a little over US$ 17.8 Bn revenues are expected to come from sales of medium-bodied white wines.

In 2017 and beyond, the demand for sweet white wines will have witnessed a considerable decline. By the end of 2022, less than one-fourth share of global revenues will be procured from global sales of sweet white wines.

The report further projects a conversely high demand for semi-sweet white wines. Towards the latter half of the forecast period, sweet white wines will have surpassed global revenue share of 40%, reflecting a relatively steady CAGR compared to dry and sweet white wines.

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Competition Tracking

Companies such as Constellation Brands, Inc., Diageo Plc., E&J Gallo Winery, Viña Concha y Toro SA, Caviro, The Wine Group, Grupo Peñaflor S.A., Casella Family Brands, Accolade Wines Australia Limited, and Treasury Wine Estates are expected to remain active in expansion of global white wine market through 2022.

 

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This release was published on openPR.