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Wine Market Booming Worldwide with Latest Trend and Future Scope by 2029

09-26-2023 07:16 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Wine Market Booming Worldwide with Latest Trend and Future Scope

The global wine market is estimated to grow at a CAGR of 3.7% during the forecast period. The wine industry valued at $157.6 billion in 2018 and is estimated to reach $201.2 billion in 2025. Health benefits and premiumization of wine products along with innovation in flavor and more advanced distribution networks across the globe are the major factors that drive the growth of the global wine market. The wine contains antioxidants that, when consumed, fight with free radicals to avoid diseases such as cancer. Additionally, the growing demand in emerging economies such as China and India are also contributing to the global wine market.

According to the Wine Institute of the US, the consumption of wine has been increased over the past 4 years from 919 million gallons in 2015 to 966 million gallons in 2018. However, the consumption of wine per individual has not seen a sharp increase. In 2015, the wine consumption per individual was 2.86 gallons and in 2018 the wine consumption per individual was 2.95 gallons. According to the World Health Organization, in 2016, wine holds 28% of share (in terms of volume) in the overall alcoholic beverage consumption across the globe. Barefoot, Concha Toro, Gallo, Changyu, Yello Tail, Sutter Home, Robert Mondavi, hardy's, Beringer, and Great Wall among others are the major wine brands across the globe.

The prominent companies in the wine market are Constellation Brands, Treasury Wine Estates, and Accolade Wines. These market players adopt several strategies in order to stay competitive in the market. For instance, in April 2019, Bishop Cider had Launched Uncommon Wines which is a woman-powered 'session' wine in a can. This wine contains less than 5% of alcohol by volume, therefore, it is termed as a session beer.

To Request a Sample of our Report on Wine Market:  https://www.omrglobal.com/request-sample/wine-market

Wine Market by Type

Still Wine
Sparkling Wine
Dessert Wine
Fortified Wine

By Distribution Channel 

Online 
Offline

A full Report of Wine Market is Available @  https://www.omrglobal.com/industry-reports/wine-market

Regional Analysis

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Company Profiles

Accolade Wines
Asahi Group Holdings, Ltd.
Bronco Wine Co.
Bundaberg Brewed Drinks Pvt. Ltd.
Carlsberg Breweries A/S
China Resources Snow Breweries
Constellation Brands Inc.
Craft Brew Alliance
DGB (Pty) Ltd.
Diageo PLC
Halewood International, Ltd.
Heineken Holding N.V.
Kirin Holdings Co. Ltd.
Molson Coors Brewing Co.
SABMiller PLC
Suntory Holdings, Ltd.
Thai Beverage PLC
The Boston Beer Company, Inc.
The Wine Group, Inc.
Treasury Wine Estates
Tsingtao Beer (H.K.) Trading Co., Ltd.
United Breweries, Ltd.

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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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