Press release
Soaring Demand Set to Propel Red Wine Market to $144.07 Billion by 2029
Red Wine Market
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What Is the Expected CAGR for the Red Wine Market Through 2025?_x000D_
In the last few years, the size of the red wine market has seen a consistent increase. The market size is projected to rise from $111.84 billion in 2024 to $117.41 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.0%. Factors like cultural and traditional influences, the expansion of wine tourism, shifting consumer tastes, increased acceptance of wine as a social beverage, and the perceived health benefits of wine have all contributed to the growth witnessed in the historical period._x000D_
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What's the Projected Size of the Global Red Wine Market by 2029?_x000D_
Forecasting a robust expansion in the upcoming years, the market size of red wine is projected to escalate to a substantial $144.07 billion in 2029, boasting a compound annual growth rate (CAGR) of 5.2%. This predicted surge during the forecast period can be ascribed to factors such as an increase in disposable income and urbanization, a growing percentage of millennials, altered consumer tastes and a global shift in alcoholic beverage acceptance, along with the influence of climate change, a rise in online sales and direct-to-consumer channels. The imminent trends during this forecast period are anticipated to be premium wine offerings, natural and minimalist wine production methods, technological interventions and wine applications, wine-food coupling, and non-traditional packaging._x000D_
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Top Growth Drivers in the Red Wine Industry: What's Accelerating the Market?_x000D_
The surge in health consciousness amongst customers is anticipated to fuel the expansion of the red wine market. Consumers are increasingly seeking foods and beverages that adhere to sophisticated health and wellness, ethical, and sustainability guidelines as healthy eating becomes the standard. The potent plant compounds in red wine have been associated with numerous health advantages, including decreased inflammation, a lower risk of cancer, and extended longevity. Red wine's alcohol and antioxidants are instrumental in combating coronary artery disease. For example, in August 2023, Koninklijke DSM N.V., a Dutch health and bioscience firm, stated that 60% of global consumers had greater health concerns in response to the pandemic, prioritizing healthy living to evade health issues. Also, according to a report by Food Insight, a U.S. non-profit, in July 2022, 52% of Food and Health Survey respondents adhered to a particular diet or eating pattern, a considerable increase from 39% in 2021. As such, the escalating health consciousness among consumers fortifies the red wine market's growth._x000D_
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What Trends Will Shape the Red Wine Market Through 2029 and Beyond?_x000D_
The escalating demand for organic items emerges as a principal trend gaining momentum in the red wine arena. Organic wine is an offering that has procured organic certification from the state. Organic wine making mandates adherence to stern criteria encompassing everything from utilization of pesticides to land conservation to storage and preservation methods. For example, the Miller Family Wine Company, a wine making firm based in the US, rolled out Reciprocity, an organic wine brand, in September 2022. Exclusive to Reciprocity is a series of wines derived solely from organic grapes nurtured sustainably at the French Camp Vineyard in Paso Robles. These include both Cabernet Sauvignon and Chardonnay, created from one hundred percent organic grapes cultivated by the Miller family._x000D_
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What Are the Main Segments in the Red Wine Market?_x000D_
The red wine market covered in this report is segmented -_x000D_
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1) By Type: Sparkling Red Wine, Still Red Wine_x000D_
2) By Packaging Type: Bottles, Cans_x000D_
3) By Distribution Channel: Food Service, Retail_x000D_
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Subsegments:_x000D_
1) By Sparkling Red Wine: Champagne, Prosecco, Other Sparkling Red Wines_x000D_
2) By Still Red Wine: Cabernet Sauvignon, Merlot, Pinot Noir, Syrah Or Shiraz, Zinfandel, Other Still Red Wines_x000D_
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Which Top Companies are Driving Growth in the Red Wine Market?_x000D_
Major companies operating in the red wine market include Accolade Wines, Caviro S.C.A., Vina Concha Y Toro S.A., Castel Winery PLC, E. & J. Gallo Winery, Grupo Peñaflor S.A., Diageo plc, Treasury Wine Estates Limited, Constellation Brands Inc., The Wine Group Inc., Campari Group, Brown-Forman Corporation, Amvyx SA, Rémy Cointreau SA, Compagnia Del Vino SRL, Pernod Ricard SA, Trinchero Family Estates, Bronco Wine Company, Vintage Wine Estates, Ste. Michelle Wine Estates, Kendall-Jackson Vineyard Estates, Bodegas Torres, Concha y Toro, Antinori S.p.A., Opus One, Silver Oak Cellars, Caymus Vineyards, Robert Mondavi Winery_x000D_
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Which Regions Will Dominate the Red Wine Market Through 2029?_x000D_
North America was the largest region in the red wine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the red wine market share during the forecast period. The regions covered in the red wine market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa._x000D_
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This Report Supports:_x000D_
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions._x000D_
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning._x000D_
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks._x000D_
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work._x000D_
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