openPR Logo
Press release

Wine Market to Hit US$ 416.08 Bn by 2031, at a CAGR of 4.10% | E. & J. Gallo Winery, Concha y Toro

09-05-2024 08:19 AM CET | Food & Beverage

Press release from: CMI

Wine Market

Wine Market

Market Overview:

Global wine market is expected to reach US$ 416.08 Bn by 2031, from US$ 314.07 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 4.10% during the forecast period (2024-2031).

Market Dynamics:

Wine consumption is growing globally, driven by increasing consumer preferences for premium quality wines. Consumer interest in new flavors and blending styles is also driving market growth. Growing social acceptance of alcohol consumption is encouraging new users, especially millennials, to experiment with different types of wines. Additionally, rising disposable incomes in developing countries allow consumers to trade up to more expensive premium varieties of wines. This growing demand for premium wines is compelling wine producers to focus on quality and new product innovations to meet consumer expectations.

🔍 Sample Copy of the Report @ https://www.coherentmarketinsights.com/insight/request-sample/940?utm_source=openpr.com&utm_medium=referral

Rising Health Consciousness is Driving Increased Wine Consumption

With the growing health consciousness, consumers are increasingly choosing wine over other alcoholic beverages. Moderate consumption of wine is considered beneficial due to the presence of antioxidants. Studies have shown that wine, especially red wine, contains antioxidants like resveratrol that are known to have anti-aging properties and may help reduce the risk of heart disease. Wine consumption is also linked to a lower risk of diabetes. The health halo around wine is driving more people to enjoy it regularly or occasionally. As consumers pay more attention to ingredients and wellness attributes, wine has emerged as a better choice compared to beer and spirits. This rising focus on overall well-being and interest in natural antioxidants is expected to boost the wine market over the next few years.

Growing Interest in New Varietals and Regions Offers Opportunity

Wine consumers today want to explore and experiment beyond the common varietals and origins. There is increasing openness to try new flavors from unfamiliar grape varieties or lesser-known winemaking regions. With global exposure and emphasis on variety seeking, consumers gain exposure to a diverse range of styles from across the world through online reviews and cross-border travel. This drives curiosity to step outside the routine choices. Emerging regions like those in South America and Southeast Asia are gaining popularity. Under-the-radar indigenous grapes are attracting oenophiles. As consumers seek an ever-widening horizon of unique taste experiences, it gives craft producers from new frontiers an opportunity to carve a niche. Their innovativeness will augment the overall variety within the wine market.

Sustainability Continues to Shape Trends in the Industry

Rising environmentally-conscious sentiment is significantly impacting the entire wine industry. Producers are prioritizing sustainable viticulture to reduce carbon footprint and lessen ecological impact through organic and biodynamic methods like composting, drip irrigation, and usage of renewable energy. They focus on sustainable packaging solutions as well. At the same time, conscious consumers seek out eco-friendly labels that use organic/sustainable farming practices and eco-certified wines. Transparency related to process and origin is an important decision factor. The pandemic has further amplified health, wellness and sustainable living as priorities for today's consumers. As environmental stewardship gains widespread acceptance in society, it will steer future innovation and product development trends for the global wine trade. Only those companies incorporating eco-friendly standards holistically will remain relevant in the long run in this changing landscape.

🛒 You Can Purchase Complete Report @ https://www.coherentmarketinsights.com/insight/buy-now/940

Top Companies Included in This Report:

• E. & J. Gallo Winery
• Concha y Toro
• The Wine Group
• Bacardi Limited
• Constellation Brands
• Pernod Ricard
• Treasury Wine Estates
• Caviro
• Grupo Penaflor.

Market Segmentation:

By Product Type:

• By Product Type: Still Wine, Sparkling Wine, Fortified Wine
• By Color Type: Red Wine, White Wine, Rose Wine

Key Regions/Countries are Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

💎 Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/940

The report offers insights on the following topics:

Chapter 1: Study Coverage

Chapter 2: Executive Summary

Chapter 3: Competitor Landscape of the Wine Market by Players

Chapter 4: Market Size of the Wine Market by Type and Application

Chapter 5: Global and Regional Analysis

Chapter 6: Company Profiles, Recent Developments, and Investments

Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors

Chapter 8: Analysis of Value Chain and Sales Channels, including notable product developments

Chapter 9: Research Findings and Conclusion

Chapter 10: Methodology/Research Approach

Ultimately, the Wine Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the Wine industry.

Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.

Author Bio:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

☎ Contact Us:

Mr. Shah
Senior Client Partner - Business Development
Coherent Market Insights

Phone:

US: +1-206-701-6702
UK: +44-020-8133-4027
Australia: +61-2-4786-0457
India: +91-848-285-0837

Email: sales@coherentmarketinsights.com
Website: https://www.coherentmarketinsights.com
Follow Us: LinkedIn | Twitter

About Us

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Wine Market to Hit US$ 416.08 Bn by 2031, at a CAGR of 4.10% | E. & J. Gallo Winery, Concha y Toro here

News-ID: 3646016 • Views:

More Releases from CMI

Coffee Market to Hit USD 169.39 billion by 2031, at a CAGR of 4.72% | The Kraft Heinz Company, Starbucks Coffee Company
09-09-2024 | Food & Beverage
CMI
Coffee Market to Hit USD 169.39 billion by 2031, at a CAGR of 4.72% | The Kraft …
The global coffee market size was valued at USD 127 billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 4.72% from 2023 to 2030. The latest market intelligence report published by CMI with the title "Global Coffee Market 2024, Growth Opportunities, and Forecast" provides actionable insights on Food and Beverages industry. The report provides demand analysis, industry insights, competitive intelligence, and customer database. The Research report
Cycling Wear Market Analysis: Current Overview and Future Insights 2024 - 2031 | Aero Tech Designs Inc., ASSOS of Switzerland GmbH
Cycling Wear Market Analysis: Current Overview and Future Insights 2024 - 2031 | …
The global cycling wear market is estimated to be valued at USD 7.78 Bn in 2024 and is expected to reach USD 11.22 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031. The latest market intelligence report published by CMI with the title "Global Cycling Wear Market 2024, Growth Opportunities, and Forecast" provides actionable insights on Consumer Goods industry. The report provides demand
Modular Construction Market Status and Future Trends Analysis Report 2024 - 2031 | Bouygues Construction, Vinci, Skanska AB
Modular Construction Market Status and Future Trends Analysis Report 2024 - 2031 …
The latest market intelligence report published by CMI with the title "Global Modular Construction Market 2024, Growth Opportunities, and Forecast" provides actionable insights on Consumer Goods industry. The report provides demand analysis, industry insights, competitive intelligence, and customer database. The Research report on Modular Construction Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis.
Global Circular Fashion Market Insights and Future Development Plans 2024 - 2031 | H&M, Inditex (Zara), EILEEN FISHER
Global Circular Fashion Market Insights and Future Development Plans 2024 - 2031 …
The Circular fashion Market size was valued at US$ 6.09 Billion in 2023 and is expected to reach US$ 11 Billion by 2030, growing at a compound annual growth rate (CAGR) of 8.8% from 2023 to 2030. The latest market intelligence report published by CMI with the title "Global Global Circular Fashion Market 2024, Growth Opportunities, and Forecast" provides actionable insights on Consumer Goods industry. The report provides demand analysis, industry

All 5 Releases


More Releases for Wine

Enotourism Market Is Expected to Boom | Great Oregon Wine Tour; Bulgaria Wine To …
This report studies the Enotourism market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete Enotourism market analysis segmented by companies, region, type and applications in the report. New vendors in the market are facing tough competition from established international vendors as they
Global Rice Wine Market 2020-2028: Trend, Status Growth, Opportunity, Key Player …
Rice Wine is made by yeast-induced fermentation of glutinous rice starch that has been converted to sugars. It is an alcoholic beverage fermented and concentrated from rice. Rice wine is a clear wine prepared from fermented rice and is famous for its strong, unique taste. Its variants are rapidly gaining popularity in the wine markets around the world. Rice Wine Market is anticipated to grow at a CAGR of +3% during
Wine Logistics Market Report 2018: Segmentation by Product (Transportation, Ware …
Global Wine Logistics market research report provides company profile for Kerry Logistics, Wine Logistics International, DB Schenker, Mainfreight, Hellmann Worldwide Logistics, JF Hillebrand Group and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The
Wine Auction News - Langton Wine Auctions Sydney -Wine-Stocks 2017-09-20
Recommended investment wines were grounded on, wine trading day at Langtons Wine Auction, Sydney with mixed results The auction room at Langtons Wine Auction was carefully prepared, the bidders flooded into the auction room, after the wine tasting was finished. There were more then 500 lots offered and the wine auction closed with some remarkably results. The largest share of the complete range at the wine trading day, got wine bottles from
Global Fruit Wine Market market share and growth rate 2017 Fermented Fruit Wine, …
In this report, the global Fruit Wine market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Fruit Wine in these regions, from 2012 to 2022 (forecast), covering North
Global Rice Wine Market 2017 - Kuaijishan Shaoxing Rice Wine, Zhejiang Shanhao W …
Global Rice Wine Market 2017, presents a professional and in-depth study on the current state of the Rice Wine market globally, providing basic overview of Rice Wine market including definitions, classifications, applications and industry chain structure, Rice Wine Market report provides development policies and plans are discussed as well as manufacturing processes and cost structures. Rice Wine market size, share and end users are analyzed as well as segment markets