$444.93 Bn Wine Market Revenue Expected by 2027 | Booming Demand in japan, China, spain, United States, Singapore, Thailand, Nigeria, Vietnam, and ROW
Companies covered in wine market are John Distilleries, Distell Group Limited, Sula Vineyards Pvt. Ltd., E & J Gallo Winery, Treasury Wine estates, The Wine Group, International Beverage Holdings, Halewood Wines International, Accolade Wines, Plc., Global Drinks Finland, Torres Wines, and other players profiled
Pune, India, Nov. 01, 2021 (GLOBE NEWSWIRE) -- According to Fortune Business Insights™, the global wine market size is anticipated to reach USD 444.93 billion by 2027 on account of the increasing adoption of a lavish and wealthy lifestyle. The market value was USD 364.25 billion in 2019 and is likely to exhibit a CAGR of 6.06% between 2020 and 2027.
Wine is an alcoholic drink made of fermented grape juice. The yeast helps to consume the sugar present in the grapes and changes it to carbon dioxide, ethanol, and heat. The variety of strains of yeasts and grapes produces different types of wine. Wine has been consumed by people for thousands of years and also has religious importance. Wine also has health benefits when consumed in limits.
List of Wine Market Manufacturers Include:
- John Distilleries (India)
- Distell Group Limited (South Africa)
- Sula Vineyards Pvt. Ltd. (India)
- E & J Gallo Winery (U.S.)
- Treasury Wine estates (Australia)
- The Wine Group (U.S.)
- International Beverage Holdings (Thailand)
- Halewood Wines International (U.K.)
- Accolade Wines, Plc. (U.S.)
- Global Drinks Finland (Finland)
- Torres Wines (Spain)
- Other Players
Get a Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/wine-market-102836
Report Aim & Scope:
- An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
- The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Europe.
- The various parameters accelerating the growth of the market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the market during the forecast period.
Market Drivers:
Rising Adoption of Wine as a Sign of Social Status will Propel Growth
The rising adoption of alcohol as a social drink is a major wine market driver. This, coupled with modernization, westernization, and promotion of alcohol consumption socially will also add impetus to the market in the coming years. Wine and alcohol consumption has now become a social status and this supports the growth of alcoholic beverages worldwide. Wine has refreshing appeals and has health benefits such as blood pressure control, type 2 diabetes, vision loss, gut health, dementia, and also helps to cleanse and provide glow to the skin when consumed in a limit. These advantages also help to augment the growth of the market in the coming years.
However, the gradual shift of non-alcoholic beverages and other alcoholic drinks may hamper the market for wine in the coming years. Nevertheless, the emergence of e-commerce platforms is likely to create lucrative growth opportunities for the market in the forthcoming years.
Browse Complete Research Insights with Detailed Table of Content:
https://www.fortunebusinessinsights.com/wine-market-102836
Regional Segmentation:
Market in Asia Pacific to Register Considerable CAGR Owing to Increasing Adoption of Westernized Trends
Geographically, North America earned the largest wine market share owing to the presence of lead importing companies in the region. Together with Europe, This region imports an average of 5 million liters annually to maintain the supply and demand chain in the respective regions. Europe also holds a significant share in the beer market as well, owing to the customs and cultural occasions that include the consumption of wine as a celebrating drink. In addition to this, France remains a major contributor of wine to the world but has witnessed a decline in the past few years due to emerging competitors worldwide. Moreover, the increasing number of young working-class population is also expected to help this region attract high revenue in the coming years.
On the other side, Asia Pacific market will rise at a robust pace during the forecast period on account of the increasing adoption of westernized trends and the adoption of international cuisines among consumers. Besides this, the HoReCa Sector (Hotel/Restaurant/Catering) Sector also included wine serving as a new trend and this is further anticipated to aid in the expansion of the market in the region. On the other side, the Middle East and Africa and South America markets may witness stable growth owing to the lack of awareness and the penetration of sub-optimal products.
Competitive Landscape:
Players to Focus on the Launch of Innovative Wine
The nature of the wine market is moderately organized owing to the presence of major manufacturers. Players are engaged in the manufacturing of various and flavored ABV wine to stay put in the competition. They are launching different flavors in their wine to gain momentum in the market. Some of the major players of this market include Halewood Wines, Distell Group, International Beverage Holdings, John Distilleries, and The Wine Group. The rise in efforts and capitalization by players to launch innovative products is likely to help attract high revenue to the market in the coming years.
Order a Complete Research Report:
https://www.fortunebusinessinsights.com/checkout-page/102836
Detailed Table of Content:
-
Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
-
Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Emerging Trends
-
Key Insights
- Overview of the Parent/Related Markets
- Overview on Global Alcoholic Beverages Market
- Global Alcohol Socialization Trend
- Supply Chain & Regulatory Analysis
- Global Wine Trade Analysis
- Recent Industry Developments - Policies, Partnerships, New Type Launches, and Mergers & Acquisitions
- Overview of the Parent/Related Markets
-
Global Wine Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
-
Market Size Estimates and Forecast
-
By Type
- Sparkling Wine
- Still Wine
- Others
-
By Flavour
- Red Wine
- White Wine
- Rose Wine
-
By Distribution Channel
- On-trade
- Off-trade
-
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
-
By Type
TOC Continued…!
Get your Customized Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/wine-market-102836
Major Industry Developments of the Market include:
July 2019 – The launch of the first 187 ml slimline wine cans was announced by Ardagh Group S.A. in Europe. This creative slimline packaging is expected to suffice to the increasing demand for on-the-go drinks among customers all over Europe.
February 2020 – A new range of wine cans called Dia Sparkler cans was launched by Sula Vineyards Pvt. Ltd in India. This new product range is expected to cater to the rising demand for sparkling wine in the country.
Have a Look at Related Research Insights:
Beer Market Size, Share & Industry Analysis, By Type (Lager, Ale, Stouts, and Others), Packaging (Glass Bottle and Metal Can), and Distribution Channel (On-trade and Off-trade), and Regional Forecast, 2019–2026
Cannabis Beverages Market Size, Share & Industry Analysis, By Type (Alcoholic and Non-alcoholic), Distribution Channel (Mass Merchandisers, Specialty Stores, Online Retail, and Others), and Regional Forecast 2019–2026
Non-alcoholic Beverages Market Size, Share & Industry Analysis, By Product Type (Carbonated Drinks, Non-Carbonated Drinks {Fruit and Vegetable Juices, Ready-To-Drink Tea & Coffee, Bottled Water}, By Distribution Channel (Supermarkets/ Hypermarkets, Convenience Stores, Specialty Stores, Online Store, Foodservice, Others) Others and Regional Forecast, 2019-2026
About Us
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
