Riesling White Wine Market Soaring Demand Assures Motivated Revenue Share - Fact.MR Study

250 Pages White Wine Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.

The report offers actionable and valuable market insights of White Wine. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of White Wine Market across various industries and regions.

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Market Snapshot
According to Fact.MR, the global market for white wine surpassed a market value of US$ 37 Bn by 2020. Manufacturers of white wines are focusing on incorporating new flavours catering to consumer requirements, a trend which is spurring constant innovations in white wine brews and formulations.

The COVID-19 pandemic hampered the sales as commercial spaces like hotels and restaurants were largely closed. But the residential sector observed an upsurge in the sales of white wines. Thus, the market is expected to exceed US$ 60 Bn by registering a CAGR of 5% until 2031.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of White Wine market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of White Wine

This newly published and insightful report sheds light on Market Insights of White Wine, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of White Wine Market.

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Key Segments Covered

Product Type
Reisling
Gewürztraminer
Chardonnay
Sauvignon Blanc
Chenin Blanc
Grüner Veltliner
Moscato
Pinot Grigio
Other White Wines

Sales Channel
White Sale Sales via Modern Trade
White Sale Sales via Grocery Stores
White Sale Sales via Convenience Stores
White Sale Sales via E-commerce
White Sale Sales via Other Retail Formats

Body Type
Light Bodied White Wine
Medium Bodied White Wine
Full-Bodied White Wine
Sweetness Level
Dry White Wine
Semi-sweet White Wine
Sweet White Wine

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Competitive Landscape
Manufactures of white wines are focusing on leveraging existing and new products by using various sales distribution channels.

Penfold California Collection has launched duty free retailers in Asia Pacific that would include online and offline initiatives for selling wine in the region.

In September 2021, Louis Roederer, will launch wine collected that would be named multi-vintage Cuvee. Also, the collection would have different expressions with each passing year for enhancing the taste and the flavour of wine.

Key Highlights on Future of Global White Wine Market

Throughout the forecast period, Europe will remain the largest market for white wine. Cultural influences and lifestyle habits makes white wine a popular drink among European consumers of all ages.

The white wine market in North America, meanwhile, will reflect growth at a relatively steadier pace compared to Europe’s white wine market. Considering the rising demand for alcohol-based beverages in US, North America’s white wine market will witness a relatively steady demand throughout the forecast period.

The report also projects that the Asia-Pacific excluding Japan (APEJ) region will register fastest expansion for its white wine market, bringing in nearly US$ 7.6 Bn revenues by 2022-end. Robust industrial infrastructure, coupled with ample availability of grapes, is expected to boost the growth of white wine market in the APEJ region.

Pinot Grigio, a key product segment in the global market for white wines, is expected to showcase absolute dollar opportunity worth over half a billion dollars by 2022 over 2017.

Chardonnay wines will grow at a relatively steady pace, compared to sluggish sales projections of other types of products available in the global market. By 2022-end, the global white wine market will have procured over US$ 6 Bn revenues through sales of Chardonnays.

Over the forecast period, Riesling will be the top-selling white wine in the world, procuring the largest revenue share on the global market.
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.

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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More Valuable Insights on White Wine Market

Fact.MR, in its new report, offers an unbiased Market Analysis of White Wine, Sales and Demand of White Wine, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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