Red Wine Global Market To Exhibit Growth at CAGR Of 3.6% from 2017-2023

Market Overview

Red wine is made up of the black varieties of grapes which are highly pigmented and are rich in anthocyanin and tannins content. The aging of the fermented wines gives the wine their unique color which varies from brick red in case of mature wine and darker brown for older wines. Red wines are stored in barrels for ageing and to increase the alcohol level to the desired level. Red wines are found to be rich in anti-oxidants majorly resveratrol which adds to the health benefits obtained from red wines.

Developing economy and increasing disposable income have a major impact on the red wine market. The increased demand of alcoholic beverages imparting low-calories is also driving the market of red wine.  Various product-types available in red wine is found to support the growth of red wine market. High focus on Research and development has led to innovations and fortifications in red wine varieties which has supported in fueling up red wine market share in global wine market.

In the major red wine type, still wine is found to hold a major share and is calculated to increase at high rate globally. Consumption of dry wine is dominating the share of wine varieties segregated on the basis of taste due to high consumer’s preference towards authentic flavors in the red wine variety. However, consumption of sweet wine is found to be rising at a steady growth rate in various regions. Sale of heavy body wine is found to be escalating at a high rate. Among the major wine product-type, Cabernet Sauvignon holds a lion’s share followed by Merlot.
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Major Key Players:

• Viña Concha y Toro S.A. (Chile)
• E & J Gallo Winery (U.S.)
• Constellation Brands, Inc. (U.S.)
• The Wine Group (U.S.)
• Treasury Wine Estates (Australia)
• Caviro (Italy)
• Grupo Peñaflor S.A. (Argentina)
• Diageo plc (U.K.)

Alcoholic beverage manufacturers across various regions follow the strategy of improving their existing product line as well as add more value to their products by adding new innovations to expand their business. This is one of the major factors due to which the demands of red wine are experiencing a surge. In Europe, France is amongst the dominating countries holding a major share in red wine market and exports the product in various other countries which include U.S., China, Germany, Belgium, U.K. and others.

Downstream Analysis-

Consumption of still wine is growing at significant rate based on its rich and authentic wine flavor. However, the sale of sparkling red wine varieties is evaluated to be growing prominently. The high alcohol content of dry wine makes it popular amongst the consumers of Europe while the medium and sweet varieties of wine is found to be more popular in Asia-Pacific and North America region. In addition, similarly the sale of Light wine body type of wine is anticipated to hold a lion’s share during the forecast period.

The rich flavor and aroma of Cabernet Sauvignon makes its share significant in the red wine market followed by Merlot red wine. The high popularity and wine drinking trend in Europe region has increased the consumption and sale of red wine in various countries of the region.

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Regional Analysis

Red Wine Market is segmented into Europe, North America, Asia Pacific, and rest of the world (ROW). Europe holds a major market share followed by North America. The high demands for red wine as a popular alcoholic drink from the developed countries of these regions is contributing to the positive growth of red wine market. U.S., U.K., Germany, China and Canada are the major importers of Red Wine. Europe is found to be the major exporter of red wine and exports majorly to countries of North America and Asia-Pacific.

List of Figures

FIGURE 1 RESEARCH METHODOLOGY   

FIGURE 2 PRIMARY DATA ANALYSIS APPROACH   

FIGURE 3 SECONDARY DATA ANALYSIS APPROACH   

FIGURE 4 TRENDS IN RED WINE IMPORTS 2011-16

FIGURE 5 GROWTH RATE IN RED WINE IMPORTS 2011-16

FIGURE 6 RED WINE IMPORTS MARKET SHARE BY TOP 5 IMPORTERS (2011 VS 2016)

FIGURE 7 TRENDS IN RED WINE EXPORTS 2011-16

FIGURE 8 GROWTH RATE RED WINE EXPORTS 2011-16

FIGURE 9 RED WINE EXPORTS MARKET SHARE BY TOP 5 EXPORTERS (2011 VS 2016)

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