Global Wine Market || keyplayers Amvyx SA, Bacardi Limited, Gruppo Campari, Castle Group, Pernod-Ricard, Bronco Wine, Caviro, Trinchero Family Estates, Antinori

Introduction:

Wine is an alcohol-based beverage which is prepared from grapes by the fermentation process. Various types of wine are made using rice, fruits, cherry, berries or pomegranate, etc. Wine comprises of water, acids, alcohol, sugar, mineral salts, sulfur derivatives, coloring and aromatic substances. Drinking wine has health benefits such as in increases bone density, boosts immunity system, reduces the risk of heart disease, lowers cholesterol level and many more. In addition, wine is also used as a side ingredient and for baking purposes in various recipes.

Drivers and Restraints:

Rising wine consumption among the population owing to its popularity and several health benefits is a major factor driving the growth of the global market. Individuals are preferring wine such as red wine over hard drinks as it offers proper digestion and metabolism. In addition, a rising number of restaurants, lounges, and recreational clubs is another factor favoring the growth of the target market. Rising demand for low-calorie alcohol-based beverages especially among young population is another factor expected to support the growth of the global wine market. Furthermore, changing lifestyle and increasing disposable income are factors expect to fuel the growth of the target market over the forecast period. However, high prices of different types of wine is a major factor restraining the growth of the global market over the forecast period. Over-consumption of wine can sometimes lead to addiction and several health disorders such as vomiting and stomach-ache. Additionally, different Product Type innovation of wine and rising application of wine in different food and beverage Product Types are generating opportunities for the global wine market.

Segmentation

The global wine market is segmented based on Product Type, color, distribution and region.

Based on Product Type, the global wine market is segmented into still wine, sparkling wine, dessert wine, and fortified wine. Still, the wines segment is expected to grow over the forecast period. However, the sparkling wines segment is growing with highest CAGR rate owing to its increasing demand as a celebration wine. Based on the color, the target market is segmented into red wine, rose wine, white wine, and other colors. Based on the distribution channel, the global market is classified into supermarkets/hypermarkets, specialty stores, online channels, and other distribution channels

Based on the region the global wine market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts highest revenue share to the global wine market due to growing demand for advanced medical technologies and increasing geriatric population. Asia Pacific wine market is projected to register a high CAGR over the forecast period. Changing taste and new preferences among consumers, along with increasing demand for new and exotic flavors, such as Riesling wine and other tropical fruit wine are expected to fuel the growth of the wine market.

Key Players:

The key players operating the global wine market involves Accolade Wines, Amvyx SA, Bacardi Limited, Gruppo Campari, Castle Group, Pernod-Ricard, Bronco Wine, Caviro, Trinchero Family Estates, Antinori. For instance, in March 2018, Accolade Wines launched the first Echo Falls Product Type in their prosecco sector for the first time. With this launch prosecco market increased with a high growth rate in wine industries. Whereas in June 2017, Pernod Ricard India has launched a Spanish wine produced by using Tempranillo grapes. By launching the new wine in India and hence increased their portfolio of wines in India.

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Detailed Segmentation:

Global Wine Market, By Product Type:

Still Wine
Sparkling Wine
Dessert Wine
Fortified Wine
Global Wine Market, By Color:

Red Wine
Rose Wine
White Wine
Other Colors

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This release was published on openPR.