Global Red Wine Market is expected to touch a value US$ 78 billion by 2022

A form of wine derived from black grape varieties, red wine can range in color from deep violet to brick red all the way to a dark brown. Even though purple grapes yield a greenish-white juice, red wine gets its trademark hues from anthocyan pigments found on the grape skin. Most red wine production processes involve extraction of flavor and color from the grape skin. Increasing global consumption of wine, particularly amongst the younger generation is expected to greatly benefit the red wine market. The popularity of wine in large gatherings and social events coupled with changing lifestyles and discerning tastes are likely to make people take a closer look at the red wine market. This report, published by Fact.MR, provides in-depth analysis of the global red wine market for the forecast period 2017-2022, and offers key insights about future market direction.

The scope of Fact.MR’s report is to analyze the global red wine market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Red wine manufacturers, stakeholders, and suppliers in the global food & beverage sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to red wine.

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5 Projections from Fact.MR's Report on Red Wine Market

1. The semi-sweet segment is the most popular by sweetness level and it accounts for a revenue share of more than 2/5th in the red wine market. The semi-sweet segment in Europe alone is on track to be worth just under US$ 16 billion in 2022. However, APEJ should record a higher CAGR during this period. Sweet wine is considerably smaller with a revenue share of a quarter of the red wine market. As is the case with the semi-sweet segment, companies may wish to target APEJ as it represents the highest growth opportunity in the red wine market

2. The trade segment is the largest sales channel in the red wine market and companies are advised to take this into consideration while devising their long-term distribution strategies. The trade segment could be worth more than US$ 28 billion by the end of 2022, making it a sales channel that can hardly be ignored in the red wine market. On the other hand, grocery stores are estimated to be extremely popular in APEJ and Latin America and key stakeholders may seek to target these in the red wine market

3. E-commerce is currently much smaller than the trade segment in the red wine market but it can safely be said that it is the future of most sales channels. As Internet connectivity improves in emerging markets, consumers will definitely seek out the comfort and convenience of ‘anywhere, anytime’ red wine shopping. A market approaching US$ 8.7 billion in Europe in 2022 makes e-commerce the sales channel to watch out for and companies that do not cater to online shoppers may risk being left behind in the red wine market

4. The market opportunity that exists in the light bodied and medium bodied segment is fairly similar as both contribute 2/5th revenue share in the red wine market. APEJ seems to show a greater preference for light bodied red wines as the CAGR for the period 2017-2022 is 4.1% In the case of medium bodied wines, companies could focus their attention on either Latin America or North America in the red wine market

5. Full-bodied wines are notably less popular than either light or medium bodied wines in the red wine market. Nonetheless, a market exceeding US$ 7.7 billion in Europe alone in 2022 makes it unwise to ignore full bodied wines entirely in the red wine market

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Similar opportunity in Cabernet Sauvignon and Pinot Noir Products

A similar market opportunity exists in the Cabernet Sauvignon and Pinot Noir product segment in the red wine market as both have a roughly equal contribution. Even though Europe is the largest region in the Cabernet Sauvignon segment by a considerable margin, companies could seek to diversify by targeting Latin America as the region is predicted to grow with the highest CAGR of 4% from 2017 to 2022. With respect to Pinot Noir wines, APEJ is the second-most lucrative region after Europe.

Modern Trade Segment Lucrative Channel in the Red Wine Market

The modern trade segment represents a revenue share of over 1/3rd the red wine market making it a segment too large to ignore. The modern trade segment in Europe is larger than that of North America, Latin America, and APEJ combined, making it perfectly understandable if companies decided to focus all their attention on this dynamic region in the red wine market.

Competition Dashboard

Fact.MR has profiled some of the prominent companies in the red wine market which are Accolade Wines Australia Limited, Casella Family Brands, Caviro, Viña Concha y Toro SA, Constellation Brands, Diageo Plc, E&J Gallo Winery, Grupo Peñaflor, The Wine Group, and Treasury Wine Estates.

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Food & Beverages market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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This release was published on openPR.