Worldwide Red Wine Market Trend, Size, Share, Leading Players | Caviro, E & J Gallo Winery, Constellation Brands, Treasury Wine Estates | Industry Review, Professional Survey and In-depth Analysis Research Report by Foresight to 2023

Market Overview:
Global Red Wine Market is projected to grow at the CAGR of 3.6%.  Red Wine is popularly consumed by the youth generations which is a major driver of the red wine market. Changing lifestyle and adoption of the modern trends has influenced the high sale of red wine in the wine industries. Increase in disposable income is having a positive impact on the red wine market. Rising demands for fermented alcoholic beverages is anticipated to further influence the positive growth of red wine across the globe.

Shift in consumer’s alcohol consumption preferences has influenced the positive growth of Red Wine share in the market. High tannin content of red wine and high anti-oxidants imparting health benefits is estimated to spur its market growth over the given forecast period. Adoption drinking trends of lower calorie alcohols in the developed countries is having a positive impact on the growth of red wine market. Higher demand from female population of urban countries have increased the share of red wine in wine industries. Key Players are following strategies of merger and acquisition of small players due to high demand of the product. France and Germany are amongst the major key players exporting red wine to various countries of other regions.

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Regional Analysis:

The Global Red Wine Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Europe has the major market share followed by North America. Based on innovations, fortification and production of crafted wine varieties, red wine have gained popularity in various other regions.  However, the availability of various alcoholic drinks substitutes is likely to restrain its growth. U.S., U.K., Germany, China and Canada are considered the major importers of red wine.

Major Key Players:
This report includes a study of strategies such as mergers and acquisitions, product launches by the major Red Wine market players. It further includes product portfolios, developments of leading major players which includes

• 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)
• Grupo Peñaflor S.A. (Argentina)
• Diageo plc (U.K.)
• Caviro (Italy)

The Global Red Wine Market is segmented on the basis of Red Wine-Type, Taste, Wine Body-Type, Product-Type and region. Based on the red wine-type, still wine is found to be escalating at a high CAGR. Based on the red wine taste, dry wine holds a lion’s share. Amongst the various wine body-type of red wines, heavy wine is calculated to hold a major share followed by medium varieties. Amongst the product-type, Cabernet Sauvignon wine is anticipated to hold a large share.

Key Findings:
• Top exporters of red wine include France, Italy, Spain, Chile and Australia
• Sparkling red wine amongst the red wine type is found to grow at a higher growth rate

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Market Segments:
• Red Wine has been segmented on the basis of Wine Body-Type which comprises Light, Medium, and Heavy. Heavy wine is holding a large share followed by medium based on the high and medium alcohol content.
• Red Wine has been segmented on the basis of Product-Type which comprises Cabernet Sauvignon, Merlot, Pinot Noir, Zinfandel, Shiraz, Merlot, Others. Cabernet Sauvignon wine is holding a large share based on high popularity from the consumer’s side.
• Red Wine has been segmented on the basis of Red Wine-Type which comprises Still Wine, Sparkling Wine, Dessert Wine, Fortified Wine, Others. Still Wine is found to hold a major share due to its high alcohol concentration.
• Red Wine has been segmented on the basis of Taste which comprises Dry, Medium, and Sweet. Dry Red Wine holds a lion’s share in the global wine market.

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